The Internet has provided an additional marketing ‘channel’ that gives
modern businesses fantastic edge which is unique to today’s world and that
of future generations. Online marketing is cost effective and expedient,
with built in tracking mechanisms and the ability to target key marketing
demographics while also extracting valuable psychographic data.
Online versus traditional marketing Traditional marketing had access to a
number of mass communication channels: point of sale; printed materials such
as flyers and brochure-ware; newspapers and magazines, including trade press
and specialty publications; television and radio being some of the primary
modes utilised. Advertising and Communications agencies developed to service
a growing need throughout the twentieth century for quality advice, strategy
and media buying power.
Traditional marketing of the past used primarily these main channels to
get the message out about the features and benefits as well as brand
identity of a product, service or organisation. As the industry became
increasingly complex, traditional marketing evolved to a more holistic
outlook which touted integrated marketing communications as a means of
keeping all elements on the same page, without the unfortunate drift that
could so easily be allowed to happen. In instances which lacked this
cohesion, marketers began to notice that they did not receive the full
impact of campaign, with lost and wasted expenditure and crossed-purposes
damaging their efforts.
As awareness of the power of consistency grew, other sophisticated
marketing savvy began to develop within the industry. New ideas about the
best use of funds and opportunities to more finely target a campaign to key
customer groups became a focus in opposition to a broad scattergun attempt
to reach the few via the many. Television could be tracked by ratings, print
publications by readership and circulation figures; but nothing compared to
the detail which would become available through the use of the Internet. The
power of the Internet: a marketer’s dream
The Internet, and digital communications in general (including hand-held
personal communications devices and mobile telephone technologies) opened up
a whole new age of marketing; allowing demographic and psychographic
analysis with far greater accuracy than before at a lower cost. More than
this, however, new media technologies invited the marketing message into the
consumer’s world in an active and dynamic way. No longer were consumers
passive receivers of marketing messages: through the technology, marketers
could engage the consumer in a direct interaction.
It is easier to understand the value of new media communications through
a short example. Jennifer runs a floral boutique and wants to get the
message out that she has recently rebranded her business and now offers a
hamper service in addition to floral arrangement. In the past, when she
needed to broadly communicate to the public, she would place an
advertisement in a major metropolitan paper in her city. She would always
want her ad to stand out, so she would pay extra for placement ‘above the
fold’ and in a right hand side position, and if she couldn’t stretch the
budget to full colour she fell back on spot colour as a better alternative
to mono (black and white).
Jennifer had always read that consistency was key and felt that if an ad
was to run at all, it needed to be given at least a few weeks to do its
work. The best value in this case was to buy a package over a number of
weeks. This is a broad approach, scattering marketing dollars across a wide
cross-section in order to hopefully reach a handful of the right type of
predisposed customer.
Having spent a major chunk of her slim marketing budget, Jennifer wanted
to have a way of tracking the interest her advertisement generated and the
success level regarding retention of message. To this end, she had
incorporated a competition whereby the entrant completed a short answer
incorporating the name of the business, which would then be posted in for
‘judging’.
A huge administrative burden was one result, but the upside was
that Jennifer could tell to a limited extent what proportion of readers had
received her message and digested the brand name and value proposition.
Contrasting this experience with the online marketing opportunities
presented by the advent of digital communications, Jennifer now has many
more alternatives for her campaign which all told come in at a much lower
cost threshold and allow her to pick and choose who she targets for the
campaign.
Company List is an Australian Business Directory that allows you to list
your company in Directory for free. For more information and to submit your
site visit
http://www.companylist.com.au/