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Future of Marketing: Recent Trends, Emerging Issues & Future Outlook

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Future of Marketing: Recent Trends, Emerging Issues & Future Outlook | XXXXX | St. Petersburg College |

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Marketing is all about the promotion of goods and services and as the options and outlets for doing so evolve so too does the way the marketer must look at their methods. This paper will discuss the impact of technology, content, the internet, co-marketing, product value, discounts and networking.
The most recent trend in marketing is digital marketing. While companies continue to print advertising digital media can easily be updated with changing developments. If a company wants to communicate with their customers about a new product, new features or new ways to use the product, digital marketing is the way to do it. A …show more content…

Focusing on one area instead of trying to offer too many products is becoming a more effective way to market. Companies will start finding niches and then position themselves as the definitive source of information for specific products and services (Gunelius, 2010). When marketing too many products it is easy to dilute the market as well as the benefits of each product. When features overlap consumers not only get confused as to the differences but ultimately pick the cheaper one. So the costs to market the higher priced items become a waste. Focusing on fewer products allows for a more valuable product and therefore more effective marketing techniques.
Product information will come from outside the source and be shared between consumers. Consumers will post positive and negative feedback about products and companies and other consumers, total strangers, will value those opinions. Businesses must really understand their market and customers so as to facilitate only positive feedback.
Starting this year performance marketing will focus on the user and the content together. Currently the focus is one either the user through behavioral targeting or the content through contextual ads. The two will start to be used together to offer more intelligent, relevant manner.
Companies are starting to make their online advertisements a game (Mynewsdesk, 2011). In this way customers are drawn to the companies’ advertising by playing fun games. BMW

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