How Marketing Has Changed In the Last Decade

Marketing is an essential tool when it comes to building a successful brand and business. Many people feel that they know exactly how to market their business because they’ve done it in the past. The key thing to remember, however, is that over the last decade or perhaps even less, marketing has changed dramatically. Social media has altered the way we look at and interact with products on a huge scale, and the way people choose products has changed along with it. There are many factors affecting how businesses should look at marketing these days.

Social Media

If you aren’t using social media to market, you are missing out on a huge potential audience and customer base. For some companies, social media is the only way that they choose to market, putting all their budget into one platform. Whereas in the past this would have been a terrible idea, and even a waste of money, today it is perfectly acceptable and, in fact, expected a lot of the time. If a company must choose where they are going to focus their advertising, and they only have the budget to cover one area, it is likely that they will go for Facebook, Twitter, Instagram or other social media sites rather than putting up posters or advertising within newspapers. Businesses that might normally have had difficulties in finding an audience can now advertise on social media in exactly the right way.

Videos

Videos are becoming more and more essential as a means of marketing. In the past they were almost prohibitively expensive for all but the biggest of businesses but now, with the advent of cheap (or even free) video editing apps, and smartphones that offer the ability to make videos quickly and easily, they are a cost-effective marketing tool. Uploading a video onto social media that becomes viral and is shared over and over is one of the best ways of gaining recognition and sales. You can create a specific channel on YouTube if you prefer, and that can be shared across all social media channels. The biggest thing to remember before committing to a video is that it will give everyone their best impression of your company, so plan it in detail first, and ensure that your beverage label design, food packaging, and branding in general is exactly as it should be.

People

It’s not just marketing techniques that have changed, but the people who are being targeted have changed too. Consumers are no longer passive, being told what you are doing, what you are about, and that’s it. Now they want to be part of it. They want to be able to interact with whatever it is you are doing. Social media is ideal for that. They also want to be able to get in touch with companies right now, they don’t want to wait, which is why having a social media team is as essential as getting all the marketing right. Finally, the attention span of someone browsing social media is much shorter than someone reading a magazine or even watching TV. Because of this, marketing campaigns must be succinct.