The impact of powerful new digital technologies on marketing has hastened the transition from mass marketing to micro marketing. These new digital media enjoy with several advantages:
. They provide companies more finely-tuned market segmentation -- the ability to reach smaller,
more focused slices of a targeted market.
· They enable marketers to provide information more finely tuned
to the specific market segment and specific customer needs.
· They allow the marketers to analyze and track a program’s impact, return and cost.
· Finally,
new on-line approaches can be implemented, evaluated and changed very quickly. “Vanishing Mass Market", BusinessWeek, July 12, 2004
Because these new micro
marketing tools are still in their infancy, I plan to discuss how they can be
used, how they are different from what we have done before and what can be
learned in the process.
Micro Marketing: Targeted
On-line Ads
I recently had the occasion
to talk with Alka Joshi about work her firm , Alka Joshi Marketing, www.alkajoshimarketing.com/portfolio.htmdid for Openwave’s Developer
Network, and think it a fine example of the power of applying
new micro marketing techniques to on-line ads.