There is a multitude of factors to consider and important decisions to make when creating an advertising budget. Aside from choosing the right channels and tactics to meet their own strategic goals, a brand must take the state of its industry as well as the latest marketing and advertising trends into account to create ad campaigns that will stand up against those of its competitors.
Brands don’t want to jump on any old bandwagon or social platform without a good reason to do so, and this year, they’ll once again be seeking the right avenues to reach their target markets. From diversifying with an integrated multichannel approach to doubling down in a specific medium such as digital, television, print or social, the options are endless.
With their insight into where ad dollars are being spent in real time, the members of Forbes Agency Council can forecast where brands will be spending their budgets this year. See their predictions below, along with good ways for brands to get ahead of these trends.
13. In Streaming Content
Marketers and agencies are increasing their interest in product placement in streaming content on platforms such as Netflix, Amazon and HBO Max. This is driven by the fact that they themselves sat watching hundreds of hours of streaming episodes and films over the course of the pandemic, none of which included traditional advertising. – Stacy Jones, Hollywood Branded