We've all been in Costco and enjoyed little morsels of food before buying anything. And on the internet, this is even more common. Website users are given more free information and resources than ever before, all in the name of building trust and demonstrating expertise, increasing the ODDS of a future sale.
Going forward, the consumer focus will evolve even more. Successful marketers will be those who actually HELP potential buyers become successful themselves. Marketing messages will all target the achievement of the buyers own objectives. Giving your buyers a platform to stand on will be the next wave of marketing methodology.
Of course, the many forums on the internet were among the first iterations of this approach, giving all of us a way to promote ourselves and demonstrate our own expertise. And all the user-driven platforms like MarketWatch and others are another manifestation. Social Bookmarking is yet one more.
These platforms all present the ultimate objectivity because the content is being contributed and validated by the audience, not the host. The applications are fairly novice so far but the integration and aggregation of regular life activities will soon incorporate all areas of our lives.
Decisions we make will be recorded, aggregated and made available to others considering similar decisions. And wherever possible, the results of these decisions will be aggregated as well, giving future decision-makers additional insight when planning their own activities.
There will be three effects of this. First, we will become increasingly aware of the "average person" around us. We will have direct visual access to a true cross-section of the population ... and it will remind us all how uneducated most people are. Sad but true. Most people know little or nothing about the major events shaping our time in history.
Secondly, it will widen the division between the "leaders" and the "followers". The majority of the population will seek approval and validation by following the crowd. And, of course, we will know EXACTLY what the crowd is doing. But there will be a smaller subset of the population that will purposefully go in the other direction and that will feed creativity and innovation.
Third, the acceptance and critical mass stages of a successful new product will accelerate even more as new success stories will be apparent to a wider audience in real time. This will widen the gap between product providers and product consumers and allow the providers of successful products to achieve incredible success quicker. In other words, business owners will have more leverage than ever and the division between the rich and the poor will magnify further.
Tactical Execution provides implementation solutions for businesses that are ready to take action. There is a ton of great information available on the website and I hope you take advantage of those resources.
The Value Of Marketing
For any business to grow in size and profitability it is absolutely necessary to have a solid business plan which must include your marketing strategy. Marketing is the process of getting your potential clients attention and by having a plan in place you will know what you want to achieve, what to do to get there and why you are doing it.
There are many different ways to market your business and your budget may restrict the solutions you choose, but no matter which method you decide to the basic principles of the marketing plan remain the same, understanding your market, completion and the business opportunities of your product or services within your market. By researching these vital areas you will start on the path to a successful business and marketing campaign.
The internet has bought around a very affordable way to market a small business on a comparatively small budget via PPC (pay per click) or SEO (search engine optimisation).
These two methods of online marketing are complimentary to each other an should both be considered as a part of your online marketing strategy.
Other online advertising methods include email marketing and banner advertising. These methods generally don't achieve the same level of results as PPC or SEO due to email spam filters and banner blindness.
Of course the virtual online world is a great place to market your business, but the offline world is also full of great opportunities. Building a strong brand that people will remember and connect will help your efforts once you have gained the attention of a client you can add them to mailing lists and send them branded brochures and leaflets to keep them interest in your products or services periodically.
The desired result from increasing your exposure through any of these marketing techniques is increased sales and revenues but getting the potential clients attention is just the first step as you must make sure that the clients experience with your business is a positive one and then you may turn them in to returning visitors or referrers.
It's easy to overspend on your annual budget for your marketing when starting your business. Every penny should be accounted for and your budget should be realistic and compliment your business plan.
Both Patrick Schwerdtfeger & Michael Barnes are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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