Given how seamlessly the digital landscape is woven into our daily lives, it’s no surprise that digital marketing has gone through so many changes over the years. We’ve seen incredible growth spurts, new social networking crazes and the rise of artificial intelligence (AI).
Digital marketing encapsulates a diverse set of strategies, techniques and platforms that brands leverage to engage their audiences online. As we step into 2024, the horizon for digital marketing professionals looks different than it did last year–no surprise there, either.
Marketers that don’t stay up to date could fall behind.
The digital marketing ecosystem is vast and growing. It represents the convergence of technology, creativity, and strategic communication in the online realm. This encompasses a variety of online channels such as websites, social media, blogs, email marketing, online advertisements, multimedia content, search engine optimization, search engine marketing, and more.
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Popular Career Paths Within Digital Marketing
One of the remarkable parts of pursuing a career in digital marketing is the multitude of career paths it offers. Professionals can specialize in various solutions such as:
- Content Creation and Management: Content is king in the digital age. Content marketers, copywriters, and bloggers must craft compelling copy that captivate and engage audiences across platforms and provide them with useful information to be seen as a trusted source in a sea of competition.
- Social Media Management: Over the last several years, social media marketers have had to navigate the ever-evolving landscapes of Facebook, Instagram, X, LinkedIn, TikTok, and other emerging platforms. They strategize, curate, and execute campaigns that resonate with audiences using short form video and truncated copy.
- SEO and SEM Specialists: Search Engine Optimization (SEO) and Search Engine Marketing (SEM) professionals optimize content and advertising strategies to ensure visibility and prominence on search engine result pages. Their expertise in keywords, analytics, and Google’s algorithm influences where they sit within the search engines for optimal visibility.
- Paid Ads and Analytics: The architects behind online ad campaigns, digital advertisers meticulously plan, execute, and analyze the performance of advertisements across various platforms, utilizing data-driven insights to optimize strategies.
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There are many other and emerging career paths digital marketers can go down, including influencer marketing, email marketing, and content marketing. The ever changing landscape of digital marketing presents countless opportunities for those that like to gain visibility for their company’s products and services.
What’s particularly great for professionals in this industry is that those working in one facet of digital marketing often have some understanding of the others which can open up career opportunities down the line.
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Compensation and Career Growth
According to NP Digital’s Salary Trends Report, the average compensation for digital marketing professionals in the U.S. is around $86.9K annually. Globally, however, the average sits at $56.3K. In the U.S., it’s notable that certain roles, like e-commerce marketers, social media marketers, and copywriters reported the lowest average compensation.
Despite how lucrative some roles can be, low salaries remain the top reason for digital marketing professionals to seek new opportunities and leave their jobs. Perhaps it could be a result of wide gender gaps that exist within the industry to this day, and, according to the Salary Trends Report, are most prevalent in freelance and agency roles.
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Anticipated Shifts in 2024
Digital marketing has undergone several shifts within the past few years, most notably, the boom of ChatGPT in early 2023. Looking ahead into 2024, several trends are poised to reshape the industry:
- AI Integration: Artificial Intelligence (AI) will, if it hasn’t already, revolutionize digital marketing. Machine learning algorithms will refine targeting, personalized content creation, and optimize ad campaigns with greater precision. Companies are actively weighing the pros and cons and ethical and financial implications of introducing AI into their workflows as we speak.
- Video Dominance: Video content will continue to surge. Short-form videos, live streams, and interactive content are on the rise thanks to social media platforms like TikTok and will be pivotal in capturing and retaining audience attention.
- Privacy and Data Concerns: Heightened concerns and new regulations for data privacy will reshape digital marketing strategies as individuals will have more consent over their personal information. Marketers will need to continue to learn how to navigate these shifts while delivering personalized experiences.
- Immersive Technologies: Augmented Reality (AR) and Virtual Reality (VR) will dominate and become integral in marketing strategies, providing immersive brand experiences for individuals both online and in person.
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Hiring Trends
Within the last two years, job postings that mention artificial intelligence have grown by 17%, evidence of the growing demand for AI skill sets.
Apart from the fundamental marketing knowledge, hiring managers seek candidates with prior expertise in leveraging AI-powered tools for tasks like consumer insights, automation, and personalized marketing strategies. Adaptability and a willingness to learn new technologies are highly valued as AI’s role expands.
While AI-specific marketing roles are growing, the emphasis lies more on integrating AI into existing positions rather than creating entirely new ones. Professionals who can harness AI’s capabilities while understanding consumer behavior and human-centric marketing strategies are increasingly sought after in 2024’s workforce.
As the digital marketing landscape continues to evolve, adaptability, creativity, and a desire to embrace technological advancements will be table stakes for professionals seeking to thrive in their roles. They’ll need to change with industry and consumer trends to stay ahead of the competition.
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