{"id":20167,"date":"2023-01-04T15:57:26","date_gmt":"2023-01-04T07:57:26","guid":{"rendered":"https:\/\/www.ematicsolutions.com\/?p=20167"},"modified":"2023-01-10T11:52:36","modified_gmt":"2023-01-10T03:52:36","slug":"finding-the-roi-upside-of-an-economic-downturn","status":"publish","type":"post","link":"https:\/\/www.ematicsolutions.com\/finding-the-roi-upside-of-an-economic-downturn\/","title":{"rendered":"Finding the ROI Upside of an Economic Downturn"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Warning signs of a recession are looming across the world. As consumers adjust their spending to adapt to inflation and higher interest rates, many brands and advertisers are following suit. Inevitably, as a marketer, you will soon face (or already are facing) budget and resource slashes, while being asked to minimize the impact on growth and revenue.<\/span><!--more--><\/p>\n<p><span style=\"font-weight: 400;\">Although it sounds extremely challenging, it is not impossible.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Marketing during an economic downturn presents particular challenges. It\u2019s not a knee-jerk reaction to simply put all marketing on hold and pause advertising. On the contrary, it requires attention on operating your marketing system at optimal efficiency and making the right cuts while investing towards the future.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But how do you make a start? Well, one very easy option is &#8211; talk to <a href=\"https:\/\/www.ematicsolutions.com\/\">Ematic<\/a>!<\/span><\/p>\n<h3><b>Ematic\u2019s expertise in digital optimization<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Digital optimization is our day-to-day. As you may have known, Ematic offers a wide arsenal of MarTech tools and full-funnel marketing services, so that we have a high ground advantage to help any business optimize their whole digital ecosystem. Whether it&#8217;s migrating technologies to lower cost solutions, examining marketing strategies that are wasteful, taking over from high-priced agencies, or complimenting your marketing team\u2019s capacity to ensure their productivity, we have plenty of experience in systematically eliminating wasteful spend without disrupting ongoing growth plans.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>The three pillars of digital optimization<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">For those who are interested to know more, here we summarize the three key pillars you should review to optimize your marketing system:<\/span><\/p>\n<h2><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-20169 aligncenter\" src=\"https:\/\/www.ematicsolutions.com\/wp-content\/uploads\/2023\/01\/Ematic_SM_ROI-Upside-Pillars-1-300x150.png\" alt=\"3 pillars of digital optimization\" width=\"892\" height=\"446\" srcset=\"https:\/\/www.ematicsolutions.com\/wp-content\/uploads\/2023\/01\/Ematic_SM_ROI-Upside-Pillars-1-300x150.png 300w, https:\/\/www.ematicsolutions.com\/wp-content\/uploads\/2023\/01\/Ematic_SM_ROI-Upside-Pillars-1-1024x512.png 1024w, https:\/\/www.ematicsolutions.com\/wp-content\/uploads\/2023\/01\/Ematic_SM_ROI-Upside-Pillars-1-768x384.png 768w, https:\/\/www.ematicsolutions.com\/wp-content\/uploads\/2023\/01\/Ematic_SM_ROI-Upside-Pillars-1-1536x768.png 1536w, https:\/\/www.ematicsolutions.com\/wp-content\/uploads\/2023\/01\/Ematic_SM_ROI-Upside-Pillars-1.png 1668w\" sizes=\"(max-width: 892px) 100vw, 892px\" \/><\/h2>\n<h2><\/h2>\n<h2><\/h2>\n<h3><b>MarTech Stack Optimization<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">MarTech investments make up a quarter of marketing budgets on average. However, the latest survey from Gartner reports that marketers utilize only 42% of the breadth of capabilities available in their MarTech stack overall, down from 58% in 2020. The under-utilization means you are overspending on something unnecessary for your actual use. This problem is particularly prominent when you are using an all-in-one integrated suite. When it comes to digital system optimization, MarTech investment is an area where you can oftentimes find some fat to trim.<\/span><\/p>\n<p><img decoding=\"async\" class=\"wp-image-20170 aligncenter\" src=\"https:\/\/www.ematicsolutions.com\/wp-content\/uploads\/2023\/01\/Ematic_SM_ROI-Upside-Survey-300x150.png\" alt=\"martech satisfaction survey\" width=\"886\" height=\"443\" srcset=\"https:\/\/www.ematicsolutions.com\/wp-content\/uploads\/2023\/01\/Ematic_SM_ROI-Upside-Survey-300x150.png 300w, https:\/\/www.ematicsolutions.com\/wp-content\/uploads\/2023\/01\/Ematic_SM_ROI-Upside-Survey-1024x512.png 1024w, https:\/\/www.ematicsolutions.com\/wp-content\/uploads\/2023\/01\/Ematic_SM_ROI-Upside-Survey-768x384.png 768w, https:\/\/www.ematicsolutions.com\/wp-content\/uploads\/2023\/01\/Ematic_SM_ROI-Upside-Survey-1536x768.png 1536w, https:\/\/www.ematicsolutions.com\/wp-content\/uploads\/2023\/01\/Ematic_SM_ROI-Upside-Survey.png 1668w\" sizes=\"(max-width: 886px) 100vw, 886px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Ask these questions:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">What features do you buy for the platform and how many have you used? Do you use your platforms to the fullest?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Is there a cheaper, more flexible alternative that fits your <\/span><i><span style=\"font-weight: 400;\">actual<\/span><\/i><span style=\"font-weight: 400;\"> use and need?<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Do these:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Implement an audit of your MarTech stack deployment and usage<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Leverage professional agency like Ematic for overall diagnosis and help determine the best vendor approach<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ingest right knowledge and skills to drive adoption\/utilization<\/span><\/li>\n<\/ul>\n<h4><\/h4>\n<h4><b>A MarTech<\/b> <b>optimization example: Cupshe<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Cupshe, a female swimwear brand, previously ran their CRM on Mailchimp in some countries and Klaviyo in some others. This put them in a pricing disadvantage since they couldn\u2019t aggregate the send volumes to effectively drive down the unit cost. In addition, both platforms didn\u2019t support in-app or push channels to achieve real cross-channel CRM.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To overcome these issues, we helped Cupshe move to Iterable, a cross-channel CRM platform with rich features, added our monthly platform management service and achieved cheaper unit cost per send. It was a triple upgrade with even lower total cost than before!<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>Marketing channel efficiency<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Most marketing teams structure ownerships by marketing channels. However, even when everyone is working hard, optimizing each channel doesn\u2019t always sum up as optimizing the whole portfolio to its best. Sometimes you find you are over-communicating the same message to the same group of users; sometimes you realize your paid channels accidentally cannibalize your organic channels (common mistake in SEO &amp; SEM).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other hand, the demise of 3rd party cookies and the rise of data privacy make it harder to rely on paid advertising as the main growth driver.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ask these questions:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Do your channels work in silo or do they create synergy?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Are you effectively capturing the audience and moving them down the funnel?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Have you seen a diminishing result in paid ads simply using demographic or interest data?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Have you developed a 1st party data strategy to empower your marketing?<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Do these:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Establish data groundwork to collect, use data and understand your marketing attribution<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Develop a cross-channel, integrated marketing approach driven by 1st party data<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strengthen existing relationships and build upon customer loyalty<\/span><\/li>\n<\/ul>\n<h3><b>Process &amp; Team resources<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">When the economy declines, consumers tend to tighten their belts. The decrease in demand imposes a shift of business mindset from \u201cmove fast\u201d to \u201cstay focused\u201d. In such a situation, marketing leaders need to take a broader perspective on how they think of their in-house teams. It is natural to think of using the existing team to cover more work for cost-saving purposes, but you might risk drowning your team in the grunt work and leaving them little time to focus on real value-add, which impedes team productivity and refrains the growth you could have maintained.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ask these questions:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">What should be your key 1-3 big bets to drive growth?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Are you able to move your team nimbly to support those focused areas while keeping the lights on?<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Do these:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Adopt an agile approach and streamline the process to deliver value more quickly and minimize waste<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Regularly review your team resource, skillset, productivity and identify the gaps<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Allow your team to focus on fewer but more impactful bets while providing enough support to take the tedious execution off their hands.<\/span><\/li>\n<\/ul>\n<h4><\/h4>\n<h4><b>A team resource optimization example: Uniqlo<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Uniqlo has a lean digital marketing team in each local market. From early on, they understood the value of hiring external experts to compliment the capacity and knowledge of their in-house teams.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">They started leveraging Ematic to manage and optimize their email campaigns in the Philippines in 2018. With the collaboration, they were happy to save their internal team hundreds of hours from execution per month, so soon it was introduced to other SEA markets like Indonesia, Vietnam.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">Closing<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Your ROI is our focus. Ideally, we aim to introduce our services without any increase to your total costs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the following series, we will talk deeper in each pillar. But if you cannot wait, why don\u2019t you talk to us now? We are happy to help you look into your current situation, for free!<\/span><\/p>\n<div style=\"height: 30px; display: block;\"><\/div>\n<p><a class=\"button-green-post\" href=\"https:\/\/www.ematicsolutions.com\/contact\/\"><span style=\"color: #ffffff;\">Get a free consultation<\/span><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Warning signs of a recession are looming across the world. As consumers adjust their spending to adapt to inflation and higher interest rates, many brands and advertisers are following suit. Inevitably, as a marketer, you will soon face (or already are facing) budget and resource slashes, while being asked to minimize the impact on growth and revenue.<\/p>\n","protected":false},"author":35,"featured_media":20168,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[806,13,4,14,16,17,19],"tags":[1171,36],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Finding the ROI Upside of an Economic Downturn - Ematic Solutions<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ematicsolutions.com\/finding-the-roi-upside-of-an-economic-downturn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finding the ROI Upside of an Economic Downturn - Ematic Solutions\" \/>\n<meta property=\"og:description\" content=\"Warning signs of a recession are looming across the world. 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