Another Marketing (R)Evolution!
It’s happening again! The ways smart marketers communicate with, influence and generate response from customers is evolving in monumental proportion. With the introduction of Web 2.0 and Social Media Marketing, businesses of all sizes now have the unique opportunity to support new customer acquisition/retention, revenue growth, decreased costs, brand awareness, improved market share and a whole host of other business and customer relationship management benefits more efficiently than ever!
An apparent shift in mindset is also occurring (again):
From To
- Marketing to individuals - Marketing to individual networks
- Managed communications - Radically transparent communications
- Forced, static promotion - Collaborative, dynamic and participatory promotions
- Interruption advertising/marketing - Invitation advertising/marketing
- Exclusive and finite reach - Inclusive, exponential and viral reach
Now don’t get me wrong: the traditional definition, rules and benefits of marketing still apply and work! Marketing is, after all, “getting the right message to the right people via the right media and methods,” or at least that’s my favorite definition. The most successful campaigns have a well-thought-through plan and strategy including tracking of key success metrics. Knowing your customer intimately and targeting them with laser-precision usually contributes to a high Return On Objective. And, developing a key message and communicating that effectively can really help ‘hook ‘em’ well for sales to ‘reel ‘em in.’ However, the media and methods used are evolving. In other words, where our customers live and breathe, how they communicate, how trends are set, how influence transmits among specific and general audiences and, most importantly, how decisions are made, are changing. As a smart marketer, you should be acutely aware of this, at the very least. And, to be and/or stay competitive, you should consider getting in the game.
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