Democratization of Marketing
Nowadays, small companies are beginning to compete with larger companies. With social media, everyone has a voice. For the last few decades, the brand with the loudest voice won. Now, the voice that is most repeated is the one that wins.
In industrial design we talked alot about the democratization of design in the last decade. Good product design was a luxury of the rich. In the past, you only had an easy to use, beautiful CD player if you could pay for a Bang and Olufsen. Now you can go to Best Buy and get a Sony Plasystation 3 that can be the jewel of your living room, and be the best CD player you could ever want and do hundreds of other tasks. You can go to Target (if you are in the USA, soon to be in Canada) and get a Michael Graves tea pot that used to be a working sculpture only people in a higher tax bracket could afford. Target has been a great leader in the democratization of design, as well as IKEA. Unfortunately the quality has not followed the beauty and ease of use in these consumer products.
A similar movement is happening with marketing. There are avenues in which small companies can get their brand’s message out that have never been there before. Facebook gives any business the ability to do hyper targeted advertising based on demographics, psychographics and declared interest. That level of targeting was only available to very wealthy companies in verticals with high customer lifetime value. Google has made billions through giving people the ability to target their ads to people with declared interest at the moment of interest.
But even those services can eventually be crowed out by brands with the biggest pockets. What can’t be crowded out is social media’s natural effect of amplifying word of mouth. Yelp and other social review sites are the greatest example of this. I personally have found small business restaurants with great food and service using Yelp. A particular barbecue restaurant in Etobicoke comes to mind. This was one that was a 4 star recommendation on Yelp about 10 kms from where we were. The food was delicious and they over serviced us. We talked to the couple that owned and ran the place and they said that most of the traffic that they were getting was from Yelp and other restaurant review sites. Here is a mom and pop shop competing with deep pocketed chain restaurants and getting mind share and customers. Kelsey’s could throw 10s of millions of dollars into an advertising campaign that wont change that their food and service is spotty. And a mom and pop BBQ shop can take way business by concentrating on product and service.
This is what marketing was all about: connecting great products with people in need. We got sidetracked with mass media giving the rich a large megaphone. But now we have given millions a voice, and together they have a voice loud enough to drown out that mass media megaphone. But this means that if your product is sub par, your not going to get any traction.
The cream will rise to the top, just as well intended all along.
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By Colin Finkle. Colin Finkle is an award winning industrial designer who works with large multinational brands everyday designing retail displays for FX Displays in Toronto, Canada. He is the principle designer at Firebrand Creative. He also writes for AMD’s FireUser.com blog.
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