Is Traditional Marketing The Best Way?

August is winding down, and my daughter is now officially back in her Junior year of high school. We’ve had a lot of long and interesting conversations over the summer as she begins to lay down the path for her future.

On one hand I would love to have her do the traditional way – high school, great college for four years, and find a job. Yet in reality, I know most kids that opt for that lifestyle will find anything but success. It’s just not in the cards any more because we’ve changed as a society over the past decade.

And what is facing today’s high school and college students is also facing adults too.

If you plan on working at a company for years, doing one job until you retire, and then planning on a nice retirement for the rest of your life – well, you really are in for a surprise.

So like many people, you decide to start a side business, and hope it turns into something more. Something that will help you build a comfortable income now and well into the future.

Yet if you read anything on marketing, its very old school and very traditional. Five years ago, Facebook didn’t exist, and social media meant something entirely different than it does today.

If you receive an email, a postcard, or even a newspaper at home today, chances are you barely give it a second glance when it comes to finding people to do business with. Why rely on a business telling you how great they are, when you can find “friends” online that will gladly recommend someone they’ve had an excellent record with?

So how do you market a new business? How do you find relevant information that will help you build a business for the future?

It’s really not as hard as it sounds. [Read more...]

Think Businesses Are Marketing In Traditional Ways? Think Again

If the bad economy did anything for businesses, it made them become more efficient in the way they market. No longer do they simply spend because they’ve always done so. They’re looking at what they spend on, and how well it works at attracting new clients.direction

According to B to B’s 2010 Outlook survey, 87 percent of all businesses will be keeping their current marketing budgets steady or increasing them in the coming year. But where they will be spending that money will vary greatly.

The highest area of decreased spending is in the print category and in attending events, both at 63 percent.

The highest area of increased spending is in the online category, with over 80 percent anticipating increasing within this category.

So where are the best places to increase spending online? Email campaigns, search campaigns, social media and website development were the top categories – pretty much as expected.

We all know the struggle traditional media sources are having right now. Just today we went hunting for a story on a local media site, and found it as a current release. However when we did a Google search for the same story, we found it in online sources from several days ago.

You can’t stay in traditional sources because you’ve always been there. If your clients are moving on, you need to as well.

Shifts happen quickly now. Where it took years for new technology to penetrate the main population even a few short years ago, now technology can affect the majority in a matter of months.

If you’re not learning something new, it will have an impact on your business.