The Future of Marketing: 5 Predictions for the Digital World in 2023
Summary: From the growth of zero-click content to the potential demise of Twitter, here’s what we’re forecasting for 2023.
Lucky number eight! 2023 is the eighth year in a row we’ve written this post, which peers into the future. We love doing it, and the data suggests you like reading it—as long as that’s the case, we’ll be back every November!
As we said last year, we truly hope anybody reading this post is doing alright. It seems we’ve more or less emerged from the pandemic, yet 2022 brought new geopolitical and economic hardships that are being felt worldwide.
On the off chance, you’re a first-time reader of the WSI blog, we publish five digital marketing predictions for the year ahead every November or December. As mentioned, we’ve been doing this since 2014.
Here’s the grading legend we created for the original post way back in 2014:
- Oracle (+2) – when we’re so right, it’s like we channeled that nice lady from The Matrix
- Oracle In-Training (+1) – we didn’t quite see the whole picture, but hey, we still saw the future
- Clear As Mud (0) – we weren’t right, but we weren’t wrong, either
- Just A Bit Outside (-1) – we tried to paint the corner of the plate, but the ump didn’t give us the call
- Swing And A Miss (-2) – like a batter who expects a fastball and gets a curve, we weren’t close
As tradition dictates, we grade last year’s prognostications before we allow ourselves to make a new set of predictions. Here’s what we thought might happen in 2022:
#1: The Popularity of Short Video Content Will Grow
More than a few stats in this post indicate we were right on the mark about short-form video content continuing to grow in 2022, so we’re going to take the full two points.
But the only one you really need to look at is this one, which shows interest in TikTok ads (read: ads on a short-form video platform) have increased 99x+ over the last five years, with no signs of slowing down in 2022.
Interest in TikTok ads have increased by nearly 99x+ over the last 5 years, based on the number of web searches (source).
#2: Content Will Still Be King
Another two points for us—just like last year, we’re off to an incredible start with 4/4 points out of the gate!
If you head on over to Semrush’s State of Content Marketing Global Report, you’ll see that of the 1500 businesses surveyed, 97% said content marketing was part of their marketing strategy. Not only that, but as we head out of the tail end of the pandemic, 26% of businesses said they would increase their content marketing budget and grow their content team.
Need we say more?
#3: The Concept of the “Metaverse” Will Go Mainstream
Our first miss is an interesting one. We still believe the concept of the metaverse will go mainstream at some point in the next few years, but it didn’t happen in 2022, and honestly, we doubt it’ll happen in 2023.
Now, the reasons this one didn’t come to fruition were mostly due to the impact of spiking inflation rates and their impact on the stock market and cryptocurrencies, the latter of which is closely tied to the concept of the metaverse.
Again, we believe this will happen eventually, so we still recommend getting ahead of the game by learning as much as you can about the metaverse corner of the digital world to ensure you’re fully prepared for its arrival.
#4: Experiences Might Be Part of Marketing Strategies Again
The fact that this post exists—The Best of Experiential 2022—and that we said “might” is worth at least one point here.
It’s difficult to discern how widespread the return of experiential marketing was in 2022, but Stranger Things doing it, and the global nature of many of the examples in the Ad Age’s post indicates we were definitely correct about this one in some capacity, which seems like it’s worth at least one point!
#5: Live Social Media Content Will Boom
According to Hootsuite, 30% of internet users polled in 2022 said they watched at least one live video stream per week. And data from Vimeo suggests live videos manage to capture attention between 10 and 20 times longer than pre-recorded on-demand content.
Whether or not the above stats indicate that social media content “boomed” in 2022 is up for debate, but they suggest that the demand for and effectiveness of live social media content grew in 2022, so we’re going to put another point on the board!
Final Score: +5
Well, our score for last year’s set of predictions is down from 2021, when we set a new high score. But five points is more than enough for us to carry on this tradition, so the crystal ball comes for another year!
Here’s what we think is in store for the future of marketing in 2023:
#1: Twitter Won’t Be the Same—It May Not Even Exist
As of this writing, billionaire Elon Musk has owned Twitter for barely four weeks. And in that time, he’s fired over 50% of Twitter’s workforce, seen a good chunk of the most important remaining employees quit of their own accord, and experienced a mass exodus of users.
As hard as it is to believe, many industry pundits believe the total collapse of Twitter is imminent. But even if that doesn’t happen, we’re pretty sure Twitter is never, ever going to be the same behemoth social platform that it was at its peak.
Eventually, though, something (we’ve heard Mastodon mentioned a lot recently) will emerge to fill the void left by Twitter.
Assuming Twitter collapses in late 2022 or early 2023, or even if it remains but is a shell of its former self, we predict that a new or existing platform with Twitter-like features that allows users to engage with each other in similar ways as Twitter, is going to emerge and become the next great social media giant.
Will it be something that doesn’t exist today? Will it be Mastodon? We’re not entirely sure, but it will be something.
#2: More Mainstream Business Opportunities for Web3 Will Emerge
Web3 is set to revolutionize the way businesses operate in 2023 and will foster greater trust among customers and stakeholders by giving them access to secure, decentralized networks. Web3-powered technologies such as NFTs (non-fungible tokens) and smart contracts will open up new realms of possibility for B2B and B2C companies, ranging from automating transactions between parties to securely storing data on a distributed ledger. With more use cases emerging from companies such as Adidas, Starbucks, Gucci, and Nike, Web3 promises to bring about a resurgence in online commerce that is more efficient, transparent, and reliable than ever before. Businesses that capitalize on Web3 will be well-positioned to benefit from its potential in the years ahead.
It’s an exciting time for Web3 technology, and we’ll be keeping abreast of how fast things move on this front next year.
#3: Zero-Click Content Will Continue to Gain Steam
As we found out in the grading section of this very post, content was still king in 2022 and will probably still be king in 2023. But a growing problem with content is that most marketers want audiences to consume content on their blog or their channel, which means when they try to amplify the content, they always focus on the CTA and the link click. In a market oversaturated with content, this strategy is failing more often.
Zero-click content means when you go to share your post on social media, you actually give away some of the meat—whatever value you’re offering in the content—right up front in your tweet or post, without any expectation of your audience clicking through to the actual piece of content.
Here’s a fantastic post on the subject of zero-click content that does a much better job of explaining the concept that we’re doing in this small space. If you read it, I think you’ll agree we’re all going to be focusing on improving our zero-click content game in 2023.
#4: More Companies Will Outsource to Digital Agencies
Although this one is good for us as a company, that’s not why we’re predicting it. We’re not willing this to come true. It’s just reality.
In the second half of 2023, many companies—especially those in the tech and digital spaces—were forced to lay off employees in the face of uncertain short-term economic conditions. Not even giants like Meta or Amazon went unscathed. But these are still large companies, and when big companies get leaner, they inevitably need to outsource more work. In the case of 2023, it’ll be the marketing that gets outsourced more often than not.
#5: Companies Will Try to Tap Into Their Employees
Influencer marketing is all the rage these days and with good reason. A strong advocate can be a powerful thing for your brand.
In 2022, companies have realized they have whole armies of strong advocates—their employees. It can be a delicate thing, but if a company can properly incentivize its employees to truly spread the word about how great their company’s products and customer experiences are, it can pay huge dividends. In addition to proper incentives, a clear and simple employee advocacy playbook is key to success, especially if brands want it to be impactful in the digital space.
That’s a wrap—our digital marketing predictions for 2023 are complete. Good luck to us! As always: from our WSI family to yours, we wish you very happy holidays and an amazing start to the New Year!
About the Author
Rick spent 20 years in the insurance industry in finance, primarily developing reporting platforms for B & C stakeholders. His ability to speak to consumers of data (managers and analysts) and translate their needs to programmers led him to start his own digital marketing agency in 2004 to develop data driven solutions for business owners.
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