Marketing Factoids

  • Only 16 percent of consumers trust what they read on blogs source ›
  • 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 ›
  • more factoids ›
NOV 2008

Failure to Communicate

New York Times, November 5, 2008 — Traditionally, brands have spoken in a "monologue" form to consumers. Print ads. TV commercials. Billboards. They talk at, or to, consumers. They say, "Here I am. This is what I am/do." This began to evolve when brands started asking people what they thought of products. While consumers suddenly had a voice, they used it the only way they could--to deliver monologues right back at the brand. Now, those simple monologues are evolving into a genuine dialogue.

Categories: Innovation, Brand Strategy, Marketing Strategy, Customer Experience
Tags: Coca-Cola, Diet Coke, Procter & Gamble, Scion, YouTube, brand message, customer dialogue, Customer feedback, customer interaction, Customer Needs, user-generated content

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