A fair number of brands use agencies for email marketing and other chores. But they may not be getting the service they expect, judging by Mind the Gap, a study from Wpromote, conducted by Ascend2.
Of the agencies polled, 76% have high confidence in their service delivery in general. But only 39% of brands are very satisfied.
There is a large gap concerning the ability to demonstrate ROI: 63% of agencies are confident, but only 33% of brands are very pleased with the service.
Moreover,
65% of brands are sure of their timeliness/speed of delivery, while 41% of brands are happy with it. And gaps exist in feelings about transparency (63%/42%), creative ideation (63%/40%) and the
technology utilized (62%/45%).
The top services outsourced to agencies are:
- Social media marketing—41%
- Search engine optimization and content marketing—36%
- Email marketing//marketing automation—35%
- Technology
solutions (eg., website development, data management)—34%
- Consulting and strategy—34%
- Traditional
marketing services (e.g., print advertising, event marketing)—32%
- Data, analytics and measurement—32%
- General creative
services and graphic design—31%
- Brand creative strategy—30%
- Public relations and
communications—27%
- Content production—26%
- Full-service media
planning—25%
- Influencer marketing—25%
- Pay-per-click advertising—24%
- Programmatic/media buying—18%
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What do brands want? Their top areas for improvement are:
- Brand
awareness—35%
- Consumer acquisition—33%
- Customer engagement—31%
- Customer
retention—31%
- Sales/conversion—21%
- Lead generation—26%
- Data analysis and utilization—23%
- Launching new products/services—22%
- Content and creative
production—19%
- Data privacy and regulation compliance—17%
However, brand priorities differ depending on the type of
business. B2B brands seek:
- Brand awareness—38%
- Customer acquisition—36%
- Sales/conversion—35%
- Lead generation—32%
For B2C companies, the priorities are:
- Brand awareness—37%
- Customer engagement—36%
- Customer acquisition—34%
- Customer retention—34%
Whatever the vertical, agencies have to perform. Brands evaluate them based on:
- Revenue
growth—54%
- ROI—47%
- Lead generation—40%
- Engagement
metrics—39%
- Customer satisfaction scores—39%
- Conversion—36%
- Brand equity—28%
Meanwhile, brands are using these types of agency partners:
- Creative agency—51%
- Media
agency—49%
- Performance agency—33%
- Channel-specific (specialized)
agency—32%
Wpromote and Ascend2 surveyed 238 agency professionals and 272 marketing decision makers whose brands use agency services.