Tuesday, May 10, 2011

Marketing Trends 2011 - What's In and What's Out


WHAT'S IN:

Mobile/text marketing.
Did you know that mobile phones outnumber computers 4 to 1? Just about everyone has a mobile phone in their pocket, purse or somewhere close by. The use of apps, mobile coupons, etc. is a great way to quickly and easily reach out to clients and motivate them.

Personal Relationships.
The social media explosion has created more consumers wanting further personal communication. Consumers want to know that they are important individuals, not just some group of clients you are trying to sell to.

Interaction.
Get feedback from your clients. People love to tell you what they think, so give them the means to do that.

Coupons.
Yes, coupons. There is even a show on TV all about people who save hundreds of dollars every time they shop just by using coupons. With the advent of mobile coupons for smart phones, iPads, E-readers, etc., coupons aren’t just for clipping anymore.

Outsourcing.
When it comes to marketing, there is so much to do and keep abreast of. From technology, to analytics, to strategy, to marketing plans and ad campaigns, to graphic design and print materials. Most companies have an in-house marketing manager, but are finding that it’s more successful to outsource particular portions of their marketing effort. It can also be more cost effective.

WHAT'S OUT:

Postcard marketing.
In most cases, it just doesn’t work in today’s world. A majority of people simply throw them out. There are still a few markets where postcard marketing can work, but a lot of the time, the return on investment isn’t worth it.

Target Markets.
While it is important to know who your target market is, it’s more important to treat customers as individuals and not focus so much on putting them in any one particular group.

Dictation.
Don’t just tell your clients what they want or what they need. Ask them.

Rebates.
People still love a rebate, especially in these economic times. However, the ease of simply using a coupon at the time of purchase attracts more customers than offering a rebate.

Trying to do it all yourself.
Some businesses try to save time and money by doing it all themselves. What they are finding is that instead of getting everything done effectively, they are only getting some things, halfway completed. This is a recipe for disaster.

Of course, this is just a sample of some of the new trends in marketing for 2011. If you would like to know more about what is on the horizon and make sure your company is ahead of the curve, please feel free to contact us.