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1. Connecting with the Modern Consumer. 16. Pre-Media: 1900 – 1950. Scale: One to one Reach: Direct Local Tools: Yard signs Outdoor ads Direct mail. 17. Mass Media: 1950 – 2003. Scale: One to many Reach: Direct Local National Tools: Billboard ads TV and radio ads
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Pre-Media: 1900–1950 • Scale: • One to one • Reach: • Direct • Local • Tools: • Yard signs • Outdoor ads • Direct mail 17
Mass Media: 1950–2003 • Scale: • One to many • Reach: • Direct • Local • National • Tools: • Billboard ads • TV and radio ads • Newspaper ads • Printed flyers • Homes magazine • Database lists • Static Web sites • E-mail campaigns 18
New Media: 2003–present • Scale: • Many to many • Reach: • Direct • Indirect • Local • National • Tools: • Blogs • Social networks like Friendster, MySpace, and Facebook • Microblogslike Twitter 18
In 1971 the average American encountered 560 daily advertising messages. By 1991 that number had increased to over 3,000 per day. 20
Rely on DVRs to skip commercials Subscribe to services w/commercial-free music Maintain private telephone numbers and place ourselves on Do-Not-Call list Throw out junk mail Use spam filters and delete unread e-mails Implement pop-up blockers Analyzing Our Marketing Inconsistencies • As Consumers, We: As Salespeople, We: • Buy ad time on radio and TV • Teach new salespeople to prospect by cold calling • Send out “Just Listed” and “Just Sold” cards • Buy e-mail lists and send out newsletters • Buy online ads 22
Direct Mail Response Averages • 3.42 percent for a house list • 1.38 percent for a prospect list • *according to the Direct Marketing Association for direct mail campaigns that used letter-sized envelopes 23
To Reach 23
The Challenge of Getting Found • Efforts to make Web site organically place or rank higher can be described as search engine optimization or SEO. • Paying to have your Web site placed is search engine marketing or SEM. 25
Interruptive Marketing Funnel Awareness Consideration Preference Purchase 26
Permission Based Marketing Interaction Involvement Intimacy Influence 26
“markets are conversations talk is cheap silence is fatal” the cluetrain manifesto 27
The New Marketplace Head Popularity The Long Tail Body Products 29
Paradigm Shifts to Consider in Our Marketing • Permission-based marketing—Communicate with people in manner they will accept and provide them with content on their terms and at times when they want it. • The Cluetrain Manifesto—Markets are conversations. We need to listen to conversations and participate on terms of small communities. • The Long Tail—Instead of fighting for attention in a crowded marketplace, turn to power of small communities. 32