“Whatever happened to traditional marketing?”
If you’ve been working in marketing and advertising for more than a decade, you’ve probably asked yourself that question once or twice. The simple answer: data sophistication. Several decades ago, businesses and organizations had access to a short-list of techniques that could help them promote their businesses. However, today’s marketing industry is constantly evolving with data sophistication, and in order for clients to achieve success, individual agencies must do the same.
There was an era when advertising agencies merely matched a radio or TV station’s ratings with their demographics and then placed the ad schedule for their clients. As the industry evolved, media buying became super-categorized by market share, programming, demographics and more. With buyer profiles and habits, household incomes, and so much more, marketing professionals began to have the capability to tally quantitative and qualitative data for use in their clients’ marketing plans, strategies and campaigns.
The industry is currently experiencing the power of the internet, search engine optimization (SEO) and social media channels like Twitter, Facebook and Instagram, which can help marketing professionals target a diverse audience for clients. We now can learn about our audience’s online searching and buying habits, as well as social and engagement trends. These outlets have opened communication channels between brands and their audiences, keeping them totally connected 24/7.
Compared to all the data and statistics available these days, marketing research back then could be considered “cut-and-dried.” And over the next decade, even our current marketing strategies and techniques may seem ancient. That could seem a little intimidating, but there’s a reason why agencies like Yearick-Millea offer services to help businesses and brands make sense of this information in order to craft a successful marketing or public relations campaign. The industry is changing by the minute, and we are responsible for changing along with it.