Digital Marketing Trends Report Final

.docx

School

Humber College *

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Course

106

Subject

Marketing

Date

Apr 3, 2024

Type

docx

Pages

7

Uploaded by vshiv2 on coursehero.com

DIGITAL MARKETING TRENDS REPORT By Vinayak Shiv(168468213) FEBRUARY 21, 2024 PROFESSOR NAME:- HODAN MOHAMED COURSE TITLE :- MRK634ZSS
This assignment explores the ever-changing field of digital marketing, using knowledge from Martin Waxman's LinkedIn Learning course on the subject. It seeks to produce a professional study that presents thought leadership viewpoints on the changing tactics and responses crucial for modern marketers, by identifying and evaluating three major trends. Trend 1: The Rise of Social Commerce The direct integration of e-commerce into social media platforms is known as social commerce. This trend streamlines the purchasing process and capitalizes on the social element of shopping by enabling users to make purchases without ever leaving the social networking app. Significance to Marketers Consumer Behavior Change: Convenience and immediate gratification are becoming more and more important to consumers when they shop. These needs are satisfied by social commerce, which provides a smooth journey from discovery to purchase. Affected Industries: Because of their prominent social media presence and tremendous visual appeal, the retail and fashion industries are most impacted. These sectors can use social media to promote their content directly and increase sales. Brand Example: Sephora
By offering instantaneous purchases via the app and showcasing unique product releases and live beauty instructions on social media sites like Instagram and TikTok, Sephora might improve its social commerce approach. By offering value through tutorials, this strategy would not only boost engagement but also improve purchases. Trend 2: Marketing in the Metaverse As augmented reality (AR), the internet, and virtually improved physical reality come together, a collective virtual shared place known as the metaverse is formed. To engage customers in a virtual world, brands are implementing immersive experiences. Significance to Marketers Consumer Behavior Change: Convenience and immediate gratification are becoming more and more important to consumers when they shop. These needs are satisfied by social commerce, which provides a smooth journey from discovery to purchase. Affected Industries: Because of their prominent social media presence and tremendous visual appeal, the retail and fashion industries are most impacted. These sectors can use social media to promote their content directly and increase sales. Brand Example: Nike
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