We all know the marketing landscape is changing, and fast. The term “traditional marketing” is an everyday, commonly used term, meaning marketing beyond what is considered traditional is well-ingrained. It’s here to stay, but that doesn’t mean traditional marketing channels are dead and gone, (although some channels and agencies are on a slippery downward slope), moreover the landscape is just changing.
In the first part of The Future of Marketing Series we took a quick look at what people are searching for online around the future and the future of marketing to find that internet/online/web marketing is popular, followed by search marketing, email marketing and direct marketing respectively, and that they are interested in the future of their devices (computers and phones).
In Part 2, we’ll look at statistics behind the shift from traditional to interactive marketing, the explosion of channels and devices, and the inability of marketing management platforms to support the fast-growing industry, hindering marketers’ ability to manage true, complete, multi-channel marketing effectively through one platform.
Marketing Dollars are Shifting Towards Interactive
There are several sources citing a trend towards abandoning some traditional marketing channels for more interactive marketing:
Forrester’s US Interactive Marketing Forecast, 2009 To 2014 suggests that “Interactive marketing will near $55 billion and represent 21% of all marketing spend in 2014 as marketers shift dollars away from traditional media and toward search marketing, display advertising, email marketing, social media, and mobile marketing.”
Interactive Grows At The Expense Of Traditional Media

Figure 1: Forrester: Interactive Grows At The Expense Of Traditional Media
Marketers See Greater Potential in Interactive Channels

Figure 2: Forrester: Marketers See Greater Potential in Interactive Channels
Forecast: US Interactive Marketing Spend, 2009 To 2014

Figure 3: Forrester Forecast: US Interactive Marketing Spend, 2009 To 2014
Destinations Where You Reach Target Markets are Exploding and Fragmenting
Our grandparents told us stories about how the old days were so hard, how they had to walk to school in the snow uphill both ways with only bread and butter for their lunch. We’ve got it so easy today. Right? With marketing I dare to say it’s the other way around. People who’ve outlived their marketing days and retired before MySpace or the Blackberry are sitting back fat and happy and laughing at all the newcomers who have to make sense of social marketing, search marketing, digital book readers, mobile apps, local targeting, personal targeting, mobile marketing, interactive TV, slingboxes, popboxes, zaggboxes, boxees, iPhones, iPods, iPads… Who’s walking uphill both ways now?
I implore you to take a deep breath, close your eyes, take a step outside yourself and your marketing day-to-day, and think about this in a holistic manner. Because the information age is exploding with marketing channels and devices, each with its own features, uses, adoption demographics and shelf lives, one must consider all of this as a whole, rather than each channel and device separately – at least to understand the big picture.
We, as consumers, have been testing the technological grounds to find ways to stay entertained, informed, and connected throughout our day, in real time, when we want it, where we want it. As marketers, our target markets are still at the core. Just because social media marketing is all the rage right now, doesn’t mean you should blindly move your entire marketing budget there. In the same respect, creating an iPhone app just because everyone else is doing it doesn’t always translate into revenue. One thing that has stayed the same whether you’re a traditional marketer, a new media marketer, or something in-between is that you need to identify your target markets and determine how and where they ingest information, then determine your goals (traffic, brand awareness, double your revenue, etc), and then devise strategies for marketing and advertising in those channels.
Maybe your target market hasn’t fully adopted mobile yet – they don’t generally have smart phones, iPads, digital book readers, etc. Do this research before you spend all the time and money on a mobile app.
Maybe your goal is to increase brand advocacy among your targets so they are more of a fan of your brand than your competitor’s. Make sure your efforts are geared toward exactly that.
“Ready, Aim, Fire” vs “Fire…What Happened?” Simple isn’t it?
New technologies allow us to microtarget consumers, at local and personal levels, whenever they access information, wherever they are, which makes interactive marketing all the more relevant and useful for the consumer, and hopefully more targeted and profitable for you.
Define your target market. Define your goals. THEN define channels. Don’t forget to breathe, and everything will be ok.
Marketing and Advertising Management Platforms Aren’t Keeping Up
If you want to make some money, create a flexible, personalizable, multi-channel marketing platform that can keep up with the marketing industry. Better yet, plug that platform into cross-functional business platforms within an organization like Sales or Customer Service CRM platforms, and ad sales management platforms.
At the highest level (stepping back outside of our day-to-day), all of these business units work separately but as a whole, with the ultimate goal of making money for the company. Platform as a Service (PaaS) allows you to choose and connect your own platforms for managing whatever parts of the business you need to, and usually without having to hire someone to build and connect it all for you. For example, if my business needs software for managing sales, financials, and the company website, I can literally grab the apps I need and put all of those pieces together to form my cross-functional management platform.
Managing all of our complex marketing channels through one software (or even several pieces of software than can connect together) still has a lot of growing to do though – especially if we want to do listening, targeting, monitoring and even vendor management all in one place. Most marketing software focuses on traffic, conversions and/or ROI from traditional channels, with some Search, Mobile, and Social capabilities if you’re lucky. Free-standing Search, Mobile and Social software is usually much more robust since the primary business goals for those software creators has been much more targeted to one channel than the full-solution providers. Add on the different devices where we want to track impressions, adoption, clickthroughs, engagement, traffic, conversions, ROI… and.. well we’re still getting there.
Unfortunately as of yet, marketing analytics platforms, listening platforms, and PaaS solutions aren’t keeping up fast enough to allow advertisers to fully manage true multi-channel marketing, as fast as multi-channel marketing is evolving.
Forrester’s 2008 Enterprise Marketing Platform paper on this subject states “Eighty-three percent of marketers, a significant majority, tell us that they need a comprehensive marketing suite to improve their effectiveness.”
It suggests that today’s 6 core enterprise marketing platforms still do not support complete marketing information and efforts.
Forrester: Six Applications Dominate Today’s Enterprise Marketing Platform

Figure 4: Forrester: Six Applications Dominate Today’s Enterprise Marketing Platform
With better tools to do the job, the future of interactive and comprehensive multi-channel marketing would surely become a more streamlined and uncomplicated process. And as we’ll see in the third and final post of this mini series on the Future of Marketing, this explosion is just the beginning. Soon everything will be computerized, potentially even our brains. Imagine the splinterization of channels, devices and management platforms that will need to keep up with that…