In Marketing, the two main goals are to have a good product and happy customers in order to create positive attention for your company. The Digital Revolution did not make this or change this. It has always been this way. yet, the Digital Era has enhanced the ways that technology can intertwine with business in a beneficial way. Nowadays, the internet has many tools that allow us to work for a good user experience. For example, when I search for a nail salon it is going to generate locations near me in the Bay Area. If when I searched for a nail salon and it came up with results in Los Angeles, I would be less likely to attend that salon due to it not being within a close proximity. This not only helps me, the searcher, but it also helps local nail salons near me gain my business without me having to have seen it in real life or know it even existed prior.
Additionally, the internet has impacted Advertising in positive ways. Before the internet existed, traditional media considered an advertisement to be effective if it reached 2% of its market. These ads were extremely pricey and still are to this day. Today, companies and organizations spend so much less and are able to send their message to the people who are really interested. One of the ways that this is possible is through “programmatic ads” which use people’s data in order to project what ads they want to see and would benefit from seeing. Also, applications like Yelp and Trip Advisor have proved as working well for Advertising due to consumers having the ability to read and write reviews and ratings.
A new type of Marketing that has developed is called Viral Marketing and there are six main types. The first is called send it which is an easy way to reach a large amount of people through SMS. For example, Urban Outfitters asked me for my phone number when I made my first purchase and now they send me text messages about sales and other news. The second is called viral incentivized which is when people get a reward or benefit from sending the message to someone else. The third is called masked marketing which is when mysterious information is sent out that makes people interested enough to figure it out and it does not seem to be an ad campaign. The fourth is called rumor marketing which is when people read some amazing things published about Taylor Swift two days before her new album release. This tactic is often used by the film, television, and music industries. The fifth is called social database which is an online-service that offers a database so that clients can add contacts. Lastly, the sixth is called invitation. This is when the prospective customer is provided with a personal invitation to try the new product or service.
The current market that has been flooded by Social Media Marketing in recent years has become an environment for the evangelist customer to flourish in. An evangelist customer is defined as a customer who fell in love with a product or enterprise and tires to share that with others. Prior to this, people were able to tell their family, friends, and co-workers in their close circle about things that they liked. Now people can turn to social media to defend and promote some brands over others.
Every company is now a media company
Tom Foremski
Marketing in the 21st century has become less about stressing that your product is the best and more about values. For example, one ad that has always stuck out to me is an Extra Gum commercial. It intertwines a young couple’s love story with a gum wrapper. This commercial makes you forget that it is even an ad. This connects to what Foremski has said about business because nowadays companies are becoming storytellers in promoting their products. Although the Digital Era has not changed the core goals of Business and Marketing, it is clear that there has been a huge impact on the ways that companies have built a bridge between themselves and their customers.