Advertisement:

With 25 years of experience as a business consultant, Abdul Vasi has the expertise to elevate your brand to new heights. As a seasoned entrepreneur, tech expert, and published author, Abdul brings proven strategies and insights to every client, helping businesses succeed in a competitive market.

Sign up today for a 20% discount on your first package and start achieving real growth!

Does the new economy pose challenges to marketing? If so, how? What changed?

Explore Abdul Vasi's Books on Amazon

Entrepreneurship Secrets for BeginnersEntrepreneurship Secrets for Beginners Gain insights into launching and running a successful business from scratch. 
The Social Media Book: The Good, The Bad, and The UglyThe Social Media Book Explore the benefits, challenges, and impact of social media on today’s world. 
Tranquility: Finding Peace in a Turbulent WorldTranquility Discover pathways to inner peace and resilience in a chaotic world. 
Bitcoinpreneur: A Beginner’s Guide to BitcoinBitcoinpreneur A beginner's guide to understanding and investing in Bitcoin and cryptocurrencies. 

Marketing is no more about the traditional 4Ps: Product, Price, Promotions, and Place. Instead it’s about Solution, Value, Information, and Access respectively.

If businesses today—no matter how big or small – don’t get this right, they will never survive. Marketing in the new economy is no longer about expensive outdoor advertisements, full-page newspaper advertisements, and the relentless push that companies use every single day.

In case no one noticed, it’s all changed.

Marketing today is all about relationships; just like it was in the good old days when the owners of the mom-n-pop store in the neighborhood knew every customer by name. The relationship came first, and the sales happened later.

Gary Vaynerchuck almost gets sick of trying to put this point into perspective: it’s the context of your marketing that matters today, and perhaps content comes in next. If customers don’t feel connected, they don’t buy. The buying process today is more emotional than it’s ever been.

With the recession kicking in, customers are more wary about where their hard-earned dollar goes. If it really has to go, it better go where customers are happy enough to spend.

Marketing is all about what those Tweets say about you; it’s about who connects on Linked In; it’s always been about how much customers “like” your products and services.

Kicking all the fancy jargon aside: how many bloggers love you and write about you endlessly? How many people Retweet your tweets? How engaging is your social community online? How passionate are people about your products and services. Gauge that and you have numbers that mean something for marketing better.

The days of reach, circulation, and mass media are all gone; the days of relationship-based, context-heavy, personal or one-to-one marketing are in.

What are you going to place your bets on? 100,000 people who are supposed to read a newspaper or 100 people who can kill for your brand?

You May Also Like

4 Ways To Motivate a Great Team To Achieve the Goals

Advertisement: With 25 years of experience as a business consultant, Abdul Vasi…

The True Essence of Entrepreneurship: Part 1

With so many entrepreneurs sprouting up, the entrepreneurial ecosystem is soon turning out to be a crowded place. Gaurav Sikka of The Next Web, writes that India’s rise can only be unmatched. From roughly 3,100 registered startups in 2014 to a projected 11,500 by the year 2020, it’s turning out to be even bigger and even more crowded.

4 Ways To Encourage Yourself to Follow your Dreams

Advertisement: With 25 years of experience as a business consultant, Abdul Vasi…