MAL 11/16 | Page 32

MARKETING EVOLUTION MARKETING AGENCIES AND CONSULTANTS ARE STILL RELEVANT By Marion Wakahe W e’re living at a time when digital technologies have shifted the manner in which people engage in business and marketing has most definitely not been spared. The digital space has given businesses (especially small businesses) a level playing field in the realm of marketing products and/or services. Specifically some things that businesses can now do that were previously almost impossible because of the advent of technology include: Undertaking digital marketing campaigns at very reasonable costs: Business owners already have a social circle that they can exploit to share product and service offerings. In addition to this, because the digital space favors targeted communications, businesses can be sure that they are reaching their targeted audience with their product offerings. Being able to measure the effects of communications and easily tweaking for improved results: Because of the numerous software packages available such as Google Analytics, business owners can easily monitor the effects of their marketing communications and quickly adjust where necessary. We’re now living in an age where the excuse of, “I know half of my ‘‘ Information can now be availed within the periods most preferred by the business e.g. weekly, monthly, etc. Businesses can then derive insights from information availed to improve communications.’’ 30 MAL 11/16 ISSUE marketing budget is wasted, I just don’t know which half ” is no longer tenabl e. Reduced costs of outsourcing: Technology has made it possible for organizations to do more marketing activities in-house because softwares such as Sprout Social has taken up the baggage of monitoring online activities. Information can now be availed within the periods most preferred by the business e.g. weekly, monthly, etc. Businesses can then derive insights from information availed to improve communications. Actively engaging with, listening to and responding to stakeholders: Social media platforms for example allow businesses to engage with stakeholders and receive authentic unbiased feed-back about their product offerings. Though these truths may seem hard to swallow it gives businesses the best chance to improve. With the advantages presented above it may appear as though marketing