Tuesday, December 22, 2009

Looking back at marketing in 2009


Looking back across Technical  Marketing Diary blogs in 2009 certain themes can be seen to emerge, in a year that was one of unrelieved economic gloom and one still with no obvious signs of recovery. An early theme was a reminder that cutting marketing budgets was probably the worst thing to do. But true to form that is what many businesses did. Despite well documented evidence from previous and arguably less deep recessions, marketing budgets were cut simply because it is both easy and does not involve cutting staff. Feeling the crunch were the publishers of printed media in a long running print v online debate. The fact is that in the b-2-b world advertising has been leaking away from display media in print to pay for other marketing activities for years and despite predictions of the end of the printed word a significant number of publications still operate. Of course print has evolved too, both in the technology of CTP and mass customisation that offers interesting new cost effective mailing tools to marketers. In terms of company literature few companies are bothering to print data sheets and technical documentation, leaving it to customers to download and print them. Is this an acknowledgment that sellers have kind of lost control of the buying/selling process? Such small details as the presentation of company material, nicely printed and packaged is switching to data output on someone else's cheap ink jet printer. Because the advantage in evaluating purchase options has shifted to the buyer, it becomes essential that the information on which your product or service is being judged is accessible, easy to use and clearly presenting the benefits - i.e. what's in it for them.
 In general online news publication has remained free and supported by an advertising model rather than moving to a subscription service. However expect this to change for the big news organisations that have reporting staff to support unlike many b-2-b publishers that simply publish, at a price, news supplied to them. In the b-2-b sector any business can publish their own news, both directly through their own web site and on industry web sites. Content whether in print or online remains a crucial marketing tool. 
Probably the most interesting Internet marketing development is the rise of social media. It is a topic that has echoes throughout the year. Will, what some consumer marketers are apparently successfully achieving by joining the 'conversation' with consumers work in the b-2-b space? There are certainly some enthusiastic advocates and blogs, Twitter and Faceboook offer interesting possibilities. But as with anything else, the company needs to commit resource and effort to get a return and this may best be achieved through an external marketing agency.
As 2009 draws to a close with the coldest pre-Christmas weather for years in Britain, Europe and North  America with heavy falls of snow causing traffic chaos, spare a thought for the people marketing global warming in the face of contrary indications. Maybe 2010 will be the year when environmental and green issues become more popular in industrial marketing too. We noted that some industrial magazines are planning 'green' issues for the new year and suggesting what product features would render a product green. Perhaps the trick is to use these green credentials as part of the social media conversation.

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