"In 2008, you can expect major marketing trends to include:
A shift from traditional to "alternative" media advertising in newspapers and magazines, and on radio and TV will continue to be marketing staples, but spending in new media will show the biggest growth as advertisers move money into online, mobile and alternative out-of-home advertising.
In 2008, the major marketers who set the trends will help consumers adopt new media consumption methods. And they'll pave the way for small business owners to follow suit without the risk or heavy financial outlay.
Here are four ways to increase sales and your advertising ROI by capitalizing on the hottest trends for 2008.
1. Engage the customer. The move toward alternative advertising versus some of the more traditional methods coincides with the emergence of technologies that enable a one-on-one dialogue with customers. For example, follow the trend of social media by posting your products on sites that encourage customer or peer reviews. Social media add an element of impartiality and are increasingly looked to as reliable sources of information.
2. Integrate your off-line and online campaigns. Look for ways to use off-line media to drive traffic to a website with specialized landing pages that tell a deeper story. Use print and TV ads to start the customer education process and direct potential buyers online to learn more and take the next steps in the purchase process. And direct an e-mail campaign to your current customer database to offset the cost of direct mail. Simply alternate e-mail and postal mail for a cost-effective one-two punch.
3. Move some off-line dollars online. Online advertising now offers a strong alternative to some traditional media, such as print yellow pages. Consider moving some of your traditional directory advertising dollars into online directories and search engines. The vast majority of Americans research their products online before making purchases, so a paid search campaign is an ideal way to make sure you turn up at the top of search results.
4. Follow your customer. Alternative out-of-home advertising opportunities let you place your message wherever your customers go. You can put your name and company logo on the umbrellas used by urban street vendors, or name hiking trails in wilderness areas. The key to using these new opportunities effectively is to place your message where it will appear in the proper context and reach your potential customers when they are in the right frame of mind.
The new year comes full of high-return marketing opportunities. By closely watching the hottest trends, you can make smart choices that let you step ahead of your slower-moving competitors.
http://www.entrepreneur.com/marketing/marketingcolumnistkimtgordon/article188282.html
Wednesday, January 2, 2008
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2 comments:
I totally agree with your assertion concerning small businesses moving from offline to online. One big trend is local review sites and the ability for business owners to have greater control over their directory listings, if you take a look at The Brownbook (www.brownbook.NET) you will see what i mean (they talk about their ethos on their blog). What I like about The Brownbook is it strips power away from the big directory companies and lets any small business owner add (instantly) and update their listing at any time, plus they can add photos, videos etc. You also get reviews, and these are extremely powerful when customers are encouraged to write positive reviews that are helpful to new customers. Word of mouth reviews like this are way more powerful than 'traditional advertising' to which most of use are becoming largely immune.
David
Oh, I should have mentioned, the other thing about The Brownbook (www.brownbook.net, especially important for the small business owner, is that a business can add its website address which goes towards helping their google ranking (more high-value links).
Finally, with more and more businesses being 'small businesses' today, I cant see how centrally produced directories will 'keep up' with the proliferation of new businesses. A peer-produced directory like The Brownbook however has the potential to have millions of authors, meaning the burden of update is shared (a bit like Wikipedia compared with Britannica)
D
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