To further indulge my previous post, I wanted to mention the adaptation the world of marketing must be taking to compensate for today’s generation of On Demand consumers. The concept of ‘push’ and ‘pull’ marketing was mentioned in class the other day wherein consumers are more likely to ‘pull’ in information relevant to them rather than consider the unrelated advertisements ‘pushed’ onto them.
I mentioned before how with modern technology audiences have the ability to skip over commercials with ease. Most prefer to either stream video content or would rather wait an extra 10 minutes before watching something on their PVR just to avoid commercials. Now that advertisers have a decline in ‘pushing’ their ads onto television viewers, alternative methods must be taken.
Some of these methods include product placement, viral advertising, collecting user information for mobile or internet advertising, etc. Probably the most effective method is tapping into social media. An individual is more likely to try out a product if others say how good it is rather than the creator / company do so. (Of course the company will say it’s great; they’re the ones who made it and want you to buy it.) Advertisers are starting to realize this by cutting down on add champagnes and increasing free samples to individuals that will do the advertisements for them. This may include advocates for that product, well-known youtubers, celebrities, etc. By doing this, they can attract more members of their target audience for fractions of the cost.
It’s amazing how information spreads when you tell one person, who tells three of their friends, who do the same, and it goes on and on. Imagine utilizing social networking mediums like facebook, youtube, or twitter where one advocate sings their praises to your product and their 1000+ friends / subscribers read the post. Then half of them spread the word to their own 1000+ friends / subscribers. I find this form of marketing to be brilliant. I think it annihilates the need for commercials entirely.
The question however remains, how long will commercials stick around now that less and less people are watching them? Have they become a dying breed of advertisements that just refuse to give up? Maybe they continue out of habit / persistence. Though, would we miss them the day they cease to air?
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“Radio killed variety and TV killed radio, and the internet will kill television and it will go on and on.” - Victoria Wood
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Sources:
- http://www.cdf.toronto.edu/~csc300h/winter/12/lectures/Week9.pdf
- http://www.alajrami.com/blog/