Numbers, schmumbers. The quest to measure the success of new media in marketing has staged a dangerous illusion that massive traffic is the holy grail. Richer veins of loyalty and brand advocacy (with smaller cohorts of consumers) are paying off more handsomely for brands in the near and long term.
Entrepreneur on 10 [and 1/2] Trends to Watch:
Everyone’s eating lower on the food chain these days. Consumer spending is down more than 30 percent from this time last year, to an average of $57 a day, according to a Gallup poll. And even those who can still afford to spend are beset by “luxury shame,” which means high-end retailers are out, and discount shopping is in. Wal-Mart’s earnings increased more than 5 percent this year, while Neiman Marcus reported a 14.8 percent drop in sales.
Gapingvoid’s “selling by giving”, or, “gift economics”:
I could see that in another five years, ANYONE who wants to market ANYTHING successfully- be they small mom n’ pop shops to large companies, will have to be fluent in Gift Economics, to a level that seemed COMPLETELY alien only a few years ago.
Microsoft’s Study on Data Privacy Day:
Our study found 70% of surveyed HR professionals in U.S. (41% in the UK) have rejected a candidate based on online reputation information. Reputation can also have a positive effect as in the United States, 86% of HR professionals (and at least two thirds of those in the U.K. and Germany) stated that a positive online reputation influences the candidate’s application to some extent; almost half stated that it does so to a great extent.