Home Entrepreneurship Marketing in the New Economy is truly Old Fashioned: Here’s why

Marketing in the New Economy is truly Old Fashioned: Here’s why

by Abdul Vasi

Advertisement:

With over 25 years of experience as a business consultant, Abdul Vasi has helped countless brands grow and thrive. As a successful entrepreneur, tech expert, and published author, Abdul knows what it takes to succeed in today’s competitive market.

Whether you’re looking to refine your strategy, boost your brand, or drive real growth, Abdul provides tailored solutions to meet your unique needs.

Get started today and enjoy a 20% discount on your first package! Let’s work together to take your business to the next level!

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

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.

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.  

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

STAY TUNED WITH US

Sign up for our newsletter to receive our news, special events.

@2025 – All Right Reserved. Designed and Developed by Seeknext.com

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Get a weekly email with best free content
Subscribe

Adblock Detected

Please support us by disabling your AdBlocker extension from your browsers for our website.