This is a guest post by Sylvia Jensen. Sylvia heads up Eloqua’s marketing in Europe, the Middle East and Africa, working with tech companies like Oracle, WebEx, Palm and Coremetrics. You can follow her at www.twitter.com/smajensen
Has the Traditional World of marketing seen its best days? As the Internet age gains pace, and tried-and-tested techniques start to fail, are marketers looking at the end of life as we know it?
Even though it’s been home for a long time and the annals show that there was a time in the distant past when the Traditional World of marketing was a happy and successful place, it’s time to face facts. That’s history and things haven’t been good for ages.
Is the world going mad?
The golden days when people sat through 30-second TV ads, and then went and bought as they were told, are far behind us. Nowadays, we Google everything. But although 78% of internet users now do product research online, 74% of marketers don’t measure the effectiveness of their SEO in generating leads. This is even though 54% of them said that SEO was the sole reason behind their digital marketing. Is the world going mad?
Sales revenues are falling and marketing campaigns are not delivering. Marketers say that:
- They have no way of lead scoring
- They don’t have lead nurturing programmes in place
- There’s no alignment between marketing and sales teams
- There’s a complete lack of measurement across all their activities.
It seems that traditional marketing methods are floundering in the face of the new, web-dominated environment. As 2012 draws to a close, the End of the Traditional World may be upon us.
The Modern World of Sales and Marketing
Change can be a scary thing, and making the exodus from our comfortable world where we know how everything is done won’t be easy. But businesses who do manage to adjust to the new environment may be the ones to ‘inherit the Earth.’
One example is the move many marketers are making towards streamlined measurement and metrics to keep track of how they are doing. Research has proven that businesses that use revenue performance management in conjunction with marketing automation are the best performing businesses out there.
It’s shown that these companies enjoy much higher win rates (40% of sales-qualified leads closed vs. 25% for average companies) and that their sales and marketing teams work as one, passing leads back and forth until they are ready to convert.
The Brave New World is coming, whether we like it or not. So how do we learn to survive it?
Join Eloqua and a host of other marketing organisations on an animated mission through the marketing cosmos to discover new lead nurturing methods and uncover the future of marketing.
Well, I don’t think that the world is just going mad. It’s just that people have realized the importance of Digital Marketing. In today’s marketing era… businesses are just incomplete without Digital marketing and its services. today, it’s not only about watching television AD, today it’s about speed and pace with which the users require the best results for their needs and it’s only possible because of Digital Marketing.
I would not necessary call it an extinction of traditional marketing, but traditional marketing has evolved towards the essential of online presence for our marketing hopes. The term digital marketing is the new front for an open and crowd sourced marketing arche-type.
I think that traditional marketing like print ads and events would still exist, but we must also invest in the new age marketing in the digital platform. Because the likelihood that our competition are thriving on it states that we must not fall behind.
Naaa. Marketing will never go away, not in any form. I love print marketing and for real, I won't be surprised if all things print are gone in 20 years. Nobody reads anymore!!
Traditional marketing can still be the one of (if not) the most effective strategies, depending on what exactly it is that you’re selling