13
Aug
07

Networks and Their Effect on Marketing

Recently, I’ve been doing a lot of thinking about how technology has changed the way we live. Last night, I called my mum at home. No answer. I then called her mobile. No answer. I sent her an SMS and she called me this morning. It made me think about how we used to contact people. Before answering machines and mobile phones, we used to call back, and call back and call back - until someone answered the phone. Today, we just make sure there is some record of our ping, and the ball is then in the pingees court.

Something else I am thinking about is how marketing must change in order to be effective in this time of social networks and mass connectiveness. People are now connected to their friends en masse, all the time! Need to have a question answered? Post it to Facebook and have a bunch of responses within the hour. Where is a good place to get new tyres for my car? Where should we go for dinner tonight, feel like Indian? Which mobile phone should I buy? These used to be the questions that marketers pondered. Need they bother any more? Is anyone listening to marketing anymore or is it all just spam?

Network vs Advertising

I know that I pay much less attention to advertising or marketing than I used to. What I’m not sure about is whether that is because I am becoming older and more cynical wiser or whether I am more inclined to go to my network when I have a decision to make.

I think marketing/advertising is the one area that will suffer a lot from the change in the way people make decisions, but then again, I suppose the US$550 million that MySpace made from advertising revenue last year may counter that assertion.

What do you think?


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