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Marketing Budget and Strategy Trends for 2023 – Seven Intriguing Insights

Webbiquity

2023 looks like a tough year for marketing budgets. Overall, 58% of marketers project flat or reduced budgets for 2023, up from just 26% in 2022. But very small companies (11-50 workers) were actually most likely to increase marketing budgets this year. Per the report, “B2B teams had the largest marketing budgets.”

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51% of Marketers to Increase Their Spending on Marketing Automation This Year

KoMarketing Associates

As marketers continue to see the benefits of marketing automation, new research indicates that they will be allocating more of their budget toward this solution within the next year. Specifically, customer data platforms (CDPs) have become a barrier for marketers. Approximately 23.7% Approximately 23.7%

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68% of B2B Marketers Saw Their Budget Rise Between 2021 and 2022

KoMarketing Associates

As B2B marketers expand their list of goals, new research indicates that they are seeing their budgets increase to help them achieve these key objectives. Additionally, the majority (68%) claim that they have seen their budget increase between 2021 and 2022, while 16% say that it has at least stayed the same. over the next year.

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The Benefits of Using AI Technology in Advertising Production

NuSpark Consulting

This allows marketers like Paul Mosenson to reach customers with personalized content, resonating with individual tastes and preferences. Cost-Effectiveness : AI-driven design tools help in reducing labor costs and streamlining workflows. This increases engagement and helps in building brand loyalty.

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The Ultimate Buyer’s Guide for Sales Enablement Platforms

When identifying a platform that bridges the gap between sales, marketing, and customers while staying within budget, the selection process quickly becomes overwhelming. Our buyer’s guide will help you evaluate your options and find the sales enablement solution best suited to your needs. What questions should you ask?

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5 Lead Nurture Campaigns that Build Pipeline and Support ROI

Act-On

And many say that while expectations for ROI are increasing, their budgets are not. Email nurture campaigns help you build affinity with both customers and prospects. Blog Learn More Go deeper with your existing customers through lead nurturing Growing customer lifetime value (CLV) isn’t a new concept to marketers.

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How to Measure Your Small Business’s Marketing Success

Marketing Insider Group

Whether you run a dog training business , dance studio, or flower shop, these tips will help you allocate your resources more effectively and make informed decisions that benefit your future marketing efforts. Be willing to adjust these goals as you launch campaigns, collect data, and receive feedback from customers.