I had this conversation with a potential client last week. They were thinking about entering the foray into social media, but didn’t know if they needed to right now. Truth is, it is almost too late. Taking advantage of the web to reach your customers is going to get harder and require more creativity than just a few short years ago. Social media is more important than print media and getting noticed in a world where you can access anything is no small task.
So what the heck am I talking about, anyhow? First off, let me explain that marketing your product, business, service, or even yourself is laid in your own hands. Once upon a time, you sent flyers, mailed postcards, got a yellow pages ad, and even tried your hand at newspaper advertising or making a commercial. While that may have lead to success in the “once upon a time” days of yesteryear, today’s ever changing world means that you need to watch trends and take advantage of the new marketplace. While baby boomers may be the least likely to adopt critical marketing channels and join social media platforms, keep in mind that the first of the baby boomers have begun to turn 65. While retirement at 65 is out of reach for most Americans these days, with retirement on the horizon you are likely to see less discretionary spending by this demographic and an increasing importance of the generations X an Y. And these groups are into the trends. If you intend to market to this growing group of spenders, and those that follow, you will need to take advantage of the internet.
Take a look at Facebook. While it may seem that Facebook is played out, that is simply not true. No one thought the telephone would catch on either, and while it is on its way out, it played a rather important role in developing our country for a century. Facebook is set to be the online meeting space of the world. The world will be dominated by Facebook and Google in the future, the way that Coca Cola and Pepsi own the soda pop market. Sure there are still competitors like RC and niche market producers like Jones soda, but the big two are likely to always dominate the market. Only a decade ago, there was a long list of competitors, but those who adapted managed to survive, and those that grew stagnant are in trouble, or gone. Remember Compuserve? AOL has a huge base, but since it never kept up with changing trends it is in real danger of collapse. Even Yahoo is in real danger of dying a slow death, as they continue to lose market share.
Facebook continues to update and change to make its interface more user friendly. While many bemoan these changes when they happen, the truth remains that they continue to gain ground in market share. Many have tried and lost in their attempts to compete with the behemoth. My Space may have been the mainstay, but as they grew stagnant, it was sure to see them collapse completely. Surprisingly, though, they managed to find a new way to adapt and to turn My Space into the home for entertainment; a place where bands, music makers, and other entertainment companies could broadcast, sell, and interact with fans. This may have been the move that saved the ship from sinking. My point is this, you really need to take advantage of this market if you want to reach the next generation of clients. A website is still important, but that alone is not the key to your marketing success. Creating interaction between your web presence and the real world is where we are going, and here are some ways to take advantage of this interaction:
Social media as a means of customer interaction:
A good recommendation from a client can generate big returns. So a group of good responses from ordinary users can really generate returns. When I have a comment, complaint, or compliment for a product or company, I turn toward the web. When I write on AT&T’s Facebook page that I am an unsatisfied customer, not only am I telling all of my friends and followers, but also all of those who are fans of that page. Failure by AT&T to respond to its consumer complaints is wearing away at its market share. On the other side, consumer interaction done properly has helped to increase market share for the likes for Verizon.
Social media as a means of product releases:
How do you introduce a new product and get people to take notice? Did you take notice of the new flavor releases by Mountain Dew? Using social media, they managed to create new flavors interact with consumers and have them vote on the flavors that they liked best. Bands are releasing new singles for free on social media sites to promote their albums. Behind the scenes clips and cast introductions are promoting new shows, as well as new seasons of existing shows.
QR codes marry reality and virtual reality:
QR stands for Quick Reference or Quick Response. QR codes are essentially barcodes that can be scanned with free mobile apps and can contain thousands of characters. More and more people are using QR codes to connect the real world with online connections. In retail they can connect products with recipes or wine pairings; wine labels with wine spectator reviews; movie posters with trailers; the possibilities are endless.
So, the point, marketing is changing. The way we look at the world, the way we create brands, the way we connect is about the internet. If you do not take advantage of it now, you may be too lat.




