Marketing’s demise in the digital age — Chris Nawrocki // Heur

Chris Nawrocki, Co-Founder and CMO of Heur, talks about the challenges and opportunities in the evolving landscape of advertising. Recent updates, such as Apple's iOS update and the removal of third-party cookies by Google, have impacted the ability to serve media at scale and profitably. These developments raise questions about what marketing truly encompasses in the current digital landscape. Today, Chris discusses marketing's demise in the digital age.
About the speaker

Chris Nawrocki

Heur

 - Heur

Chris is the Co-founder and CMO of Heur

Show Notes

  • 02:09
    Digital medias effect on marketing
    Digital media has shifted marketing to instant gratification through paid media and a focus on the middle and bottom of the sales funnel. However, recent updates limiting the ability to send mass media, raise questions about whether this approach aligns with the essence of marketing.
  • 06:38
    The difference between marketing and digital advertising
    Digital advertising specifically targets the middle and bottom of the sales funnel to convert intent into cash, but doesnt focus on brand. On the other hand, marketing involves a holistic view of an addressable market, and the development of strategies to capture and grow market share.
  • 08:45
    Why marketers are neglecting brand building activities
    Businesses are neglecting brand-building activities because they don't drive direct sales and due to the tight economic situation. So, though branding is crucial for building awareness, presence, and demand, its the first thing to go during tough economic times.
  • 11:09
    The impact of marketing analytics and its contribution to the current challenges
    Many marketers lack a fundamental understanding of attribution, relying heavily on last-click attribution. The overemphasis on attributing direct results has hindered the industry's ability to recognize the holistic effectiveness of brand building and creating awareness.
  • 13:33
    Balancing investments in brand and digital advertising
    This involves adopting a holistic, multi-channel approach to understand the factors driving growth. By focusing on increasing brand traffic and leveraging data-driven insights, marketers can identify opportunities to facilitate growth across different channels.

Quotes

  • "10 years ago, Google Ads was an aspirational channel. Then the last seven years, Meta was aspirational. Now, theyre part of a multi-channel strategy that needs to be stitched together for success." -Chris Nawrocki, Co-Founder, Heur

  • "Where digital has taken marketing is essentially this instant gratification through paid media. Money in, money out. Ads on, ads off." -Chris Nawrocki, Co-Founder, Heur

  • "Marketing is a holistic view of an addressable market, then building a strategy to attack that market, build that market share, and take that market share." -Chris Nawrocki, Co-Founder, Heur

  • "Businesses are forgetting how to build brand, awareness, presence, and demand because it doesn't drive direct sales, and because the unit economics is so tight." -Chris Nawrocki, Co-Founder, Heur

  • "In the last six months, I've seen multiple brands who are brand through and through. And they're growing exponentially." -Chris Nawrocki, Co-Founder, Heur

About the speaker

Chris Nawrocki

Heur

 - Heur

Chris is the Co-founder and CMO of Heur

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