Marketing in the new economy

6 replies
Coming from a traditional marketing background, I just wanted to touch on a topic that has been bothering me for a while.

All over the internet you see semi-successful marketers dead bent on pushing products. While this is great (for them) in the short run, it's not really gonna pan out long term, and create a sustainable business. At least, I can't see this tactic doing that.

Some online marketers are nothing more to me than telemarketers with a laptop, and if you ask me, they have it all wrong. The age of ad-driven marketing is gone. The new economy dictates that the consumer has the power, and marketers need to adjust to that. Yet still, I see people leaving money on the table, because all they crave is that initial sale, and somehow, the rest is supposed to work itself out.

Are people generally more concerned with "adding value" or is getting that one sale the bottom line? The way I see it, one will lead to the other, without all the unpleasant pushing.

The way I was taught marketing in university was "The new economy demands profitability through satisfied clients." They literally hammered this sentence into our heads anytime they had the chance.

Yet, I just can't help to notice the vast amount of people claiming that traffic = money...

That to me sounds just silly. If you push X amount of people into a grocery store, you're bound to find a hungry guy after a while. The rest though are probably going to get mad at you, cause they never wanted groceries in the first place.

However, if you lead them inside by the hand, offering them a taste of your produce, that's bound to leave them more satisfied, and might even make them come back, right? Now if they do come back, what if you offer another sample? Then another? Not a meal mind you, just a taste... That might just create a life-long customer, once they find a product they like!

Make sense?
#economy #marketing
  • Profile picture of the author PerformanceMan
    I try not concern myself with what the 'average idiot' is doing online. A lot of these people don't know what day it is let alone how to succeed in business.
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    • Profile picture of the author ckarling
      Originally Posted by PerformanceMan View Post

      I try not concern myself with what the 'average idiot' is doing online. A lot of these people don't know what day it is let alone how to succeed in business.
      Hehe! well said
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      • Profile picture of the author PerformanceMan
        Originally Posted by ckarling View Post

        Hehe! well said
        I do agree with your OP though.

        In the last few years the overall glum economy has pushed 'desperate' people to become marketers. There really is a low barrier to entry in online marketing.

        Marketing actually is a very subtle process, especially when people are doing it 'right.' Inexperienced people tend to break it down into very small components. They always look for the 'sale' only.

        As you said if they slowed down a bit they could do a better job of building a long-time 'win-win' relationship and make MUCH more money over the long haul
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  • Profile picture of the author sparrow
    this leaves more opportunities for us who do it right

    I have many customers that buy without looking at any sales copy when I email
    they just know if I send it out it has to be good or I make sure I satisfy them one way or another

    works for me
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  • Profile picture of the author Andyhenry
    Ok. I'm going to be controversial here and disagree with you.

    Here's a couple of reasons why:

    1 - Most mainstream marketing education (I've done Chartered Institute of Marketing courses and know instructors of such courses) are not up-to-date with internet marketing or what's possible. They usually focus on B2C and everything is based on the old 5-7 P's (depending on the course, some say 5 P's and some say more than that).

    So while they're teaching interesting and somewhat useful stuff - it's way behind what's possible online.

    2 - Your premise that because some people are jumping from one info product launch to another, that this is way the niche operates and so we must all be thinking that's the best way is a narrow perspective.

    Most of the IMers I've met (and I've met thousands of them over the years) are more entrepreneurial than that. Sure, some people will jump on strategies that work for them, but even if it's by constantly launching new products to keep the cash coming in - they also understand the limitations of that model and have other strategies for plans for a more robust income.

    You seem to be assuming that people who use limited models - don't have anything but those activities going on.

    I'm sure that's correct for some people, but no-one with the goal of creating a robust future income would do that for long without considering how to improve their model.

    So while in theory I agree with most of your premise about building robust revenue streams for the future - it is not essential to do it like you are advocating.

    You can indeed create a massive number of online properties, build traffic systems for them and make a solid income. You don't HAVE to build a list, create relationships etc. etc.

    Some people are not good at that side of things and prefer to play more of a numbers game and just create a lot of small income streams which do not need constant attention and to create them quicker than they expire.

    While you may say that's a limited model - who are you to tell others how they should make their money?

    Some people here are great writers but will happily accept $20 for a 500 word article and if that's because they already pay their bills doing work they love and are not trying to "maximise their revenue" and are ok with "leaving money on the table" - why should you or anyone else have a problem with that?

    In short I guess I'm saying while it's great to look at what constitutes a good business model - I don't think it's useful to stigmatise or criticise people who choose other ways.

    I say whatever works for someone and fulfills their goals - is all good, whether I think they could do better or not.

    If someone wants to "focus on the sale" - so what? that's their choice. Maybe that's not all they do. Why criticise them?
    Andy
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    nothing to see here.

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  • Profile picture of the author ozanK
    Everyone! Read Gary Vaynerchuck's "the thank you economy". It's a killer book and gave me a new perspective that I will leverage
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