The marketing world is full of “social media experts” running around proclaiming the end of marketing as we know it. Many of these experts have a technical background rather than a marketing one. People are creating Fan pages on Facebook and marketers are tweeting left right and centre, writing keyword dense articles for SEO and blogging like mad. But has our world really changed?
Although there is a strong correlation between some companies’ growth in share prices (notably Nike and Starbucks) and the number of followers and fans of their social media, this is probably more attributable to the fact that they are growing their brand awareness and engagement. But there is more to marketing than promotion. These companies are getting the rest of their marketing mix right too.
We were all taught about the famous four P’s – Price, Product, Place and Promotion.
The term “marketing mix” became popularised after Neil H. Borden published his 1964 article, The Concept of the Marketing Mix. Borden began using the term in his teaching in the late 1940’s after James Culliton had described the marketing manager as a “mixer of ingredients”. The ingredients in Borden’s marketing mix included product planning, pricing, branding, distribution channels, personal selling, advertising, promotions, packaging, display, servicing, physical handling, and fact finding and analysis. E. Jerome McCarthy later grouped these ingredients into the four categories that today are known as the 4 P’s
Recently the four P’s have fallen a little out of favour but they are still relevant. Some academics have also included a fifth P – People – the value your people bring to your business by providing service to your customers and this is critical to the social media mix as your employees network and engage with your audience.
As marketers, social media is changing our advertising, branding, promotion, fact finding and analysis, but we still need to get the other ingredients right in order to be successful. When we incorporate social media into our marketing mix, we need to make sure that the novelty and technologies don’t overshadow the strategy and we need to focus on the rest of the mix too..
About Digital Bridges
Digital Bridges creates high performance organisations by unlocking the business value of the web. We create business cases, digital strategies, user requirement and functional specifications for Intranets, websites and web applications. We also develop and implement social media strategies and create powerful digital brands using eMarketing and Communication and manage brand conversations with consumers.
Digital Bridges approaches the web from a management consulting position and relies heavily on rigorous academic thinking as well as business experience. It is headed up by Kate Elphick who has a Law degree and an MBA from GIBS. Kate has spent the last fifteen years of her career on the business side of the IT industry with companies such as Datatec, Didata, Business ConneXion and Primedia.
Digital Bridges has a broad range of experience working with significant, successful clients in the Financial, Gaming, Tourism, Pharmaceutical, ICT, Legal, Airline, Professional Services, Media and Public Sectors.
To find out more about Digital Bridges, please visit www.digitalbridges.co.za or contact Kate Elphick on firstname.lastname@example.org