Marketing Factoids

  • Music sales in the United States will decline to $9.2 billion in 2013, from $10.1 billion this year. source ›
  • Acquiring a new customer costs about five to seven times as much as maintaining a profitable relationship with an existing customer source ›
  • Consumers ages 18 to 27 say they use the Internet nearly 13 hours a week, compared to viewing 10 hours of TV source ›
  • more factoids ›
JAN 17

The Case Against Marketing to ‘Influencers’

Forget social hubs and alpha influencers. To reach consumers, old-fashioned mass marketing might be the way to go.

Wall Street Journal, January 17, 2008 — That message, espoused by sociologist Duncan Watts, is making waves in marketing circles by refuting the notion that an elite group of taste makers spark consumer trends, reports Clive Thompson in the February issue of Fast Company (no online version available yet). The idea of the super-influencer, popularized in books like “The Tipping Point” and “The Influentials,” is compelling. But in Mr. Watts’s view, social networks are so complex that consumer trends are essentially random.

Add Your Comment

(required)
(required)



(to prevent comment spam)
 


Any HTML in your comment will be removed upon submission. All comments are moderated, and it may take up to 24 hours for your submission to be approved and published. The BackPocket editors reserve the right to edit or remove comments at any time and for any reason.