2018’s marketing challenges and how to solve them
Every year, with the passing of time and launches of new platforms to be used for marketing, we face newer challenges. For example, when Instagram was new, it was a known fact that it can enhance the promotional tasks but what would be the right way to utilize the platform was a question.
To help marketers cope with the changes they have been seeing in 2018, Forbes’ Krystle M Davis has shared tips on how to solve seven marketing of 2018.
Davis says, “Many marketing leaders and content creators share the same challenges: How do you create content that attracts and retains an audience while also generating revenue for your company? A few industry thought leaders shared how they’re addressing some of their biggest pain points this year.
1. Knowing when to kill a campaign.
Rob Schutz, Co-Founder and Chief Revenue Officer, Roman: One of the main challenges we’ve had to face over the first nine months of launching Roman has been when to kill a marketing campaign that just isn’t working. As a growth marketer, you get used to kicking off new campaigns with high hopes (“this is going to be a winner, OK???”) only to see poor results right out of the gate. Not every channel is a winner. In fact, most are losers, in my experience. So it’s an important skill to be able to acknowledge defeat when a campaign just isn’t working and move on.
Generally, when you launch a new channel test, you’re looking for some signs of life. Maybe you only get a handful of conversions at a 5x higher cost per acquisition (CPA), but hey, it’s something”.
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