Well, it’s all go at The Right Angle. We started small, but in the past two months, we’ve doubled our team and quadrupled our client base. All of which is not too shabby… but it begs the question, where are we in terms of the recession? As is often the case, the PR and marketing business was hit particularly hard in the economic downturn.
But once again, as an industry, we’ve proved our worth and those who know a thing or two about business (and consumers) know that cutting PR and marketing spend to the bone is never a good idea. That’s because it very quickly becomes a self fulfilling prophecy: fail to market your business correctly, and more often than not, your business will fail. So what about the road ahead?
Well, our managing director started her career in Murray Consultants, so to give us an overview of where we’re at, it’s fitting that we’re referencing research commissioned by MCsquared (the consumer and brands’ division of Murray’s). Conducted by Amárach Research and carried out among members of the Marketing Institute of Ireland (MII), the report shows investment in brand communications through digital channels is continuing to grow strongly.
Almost 60% of those surveyed plan to increase their digital marketing budget in 2014 and digital currently accounts for almost one quarter (24%) of marketing spend. And because the role of the marketer is ever-evolving, here’s an interesting piece on new skills marketing professionals would be wise to learn.
So, the marketing outlook for this year is more positive than at any time over the past six years and that’s certainly been our experience since we launched. And while companies still struggle to find balance between in house resources and what to outsource to agencies, digital and content marketing are set to benefit most in the next two years – but relevance remains king. This video has lots more useful data…