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Module 5: New Trends in
Marketing
M.C. Rashid Khan
Trends in Marketing Personalization Influencer Marketing Content Marketing Sustainability and Social Responsibility Experiential Marketing Voice Search Optimization Augmented Reality (AR) Marketing Data-Driven Marketing Social Commerce Artificial Intelligence (AI) in Marketing Personalization What it is: Tailoring marketing efforts to individual consumer preferences and behaviors, often using data analytics and AI. Example: Netflix’s recommendation engine suggests shows and movies based on individual viewing habits. Similarly, Amazon recommends products based on past purchases and browsing history. Influencer Marketing
What it is: Partnering with social media influencers to
promote products or services to their followers. Example: Fashion brands like Fashion Nova collaborate with Instagram influencers to showcase their clothing, leveraging the influencer’s following to reach targeted audiences. Content Marketing What it is: Creating and distributing valuable, relevant content to attract and engage a target audience. Example: HubSpot, a leader in inbound marketing, offers free educational content like blogs, eBooks, and webinars to help businesses with their marketing strategies, positioning themselves as industry experts. Sustainability and Social Responsibility What it is: Companies aligning their marketing with environmental sustainability and social responsibility to appeal to conscious consumers. Example: Patagonia’s marketing emphasizes its commitment to environmental causes, such as using recycled materials and supporting environmental activism, which resonates with eco-conscious customers. Experiential Marketing What it is: Creating memorable, immersive experiences that allow consumers to interact with a brand. Example: Coca-Cola’s “Share a Coke” campaign personalized bottles with individual names, creating a personal connection and encouraging social sharing. Voice Search Optimization What it is: Adapting marketing strategies to accommodate the rise of voice-activated search tools like Alexa, Siri, and Google Assistant. Example: Domino’s Pizza allows customers to order through voice assistants, making it easier and more convenient for customers to place orders hands-free. Augmented Reality (AR) Marketing What it is: Using AR technology to create interactive experiences that allow consumers to visualize products in real-life settings. Example: IKEA’s AR app lets customers see how furniture would look in their homes before making a purchase, enhancing the shopping experience. Data-Driven Marketing What it is: Leveraging data analytics to make more informed marketing decisions, targeting the right audience with the right message at the right time. Example: Google Ads uses user data to deliver highly targeted ads based on search behavior, demographics, and location. Social Commerce What it is: Selling products directly through social media platforms, making the shopping experience more seamless. Example: Instagram’s shopping feature allows users to browse and purchase products directly within the app, combining social engagement with e-commerce. Artificial Intelligence (AI) in Marketing What it is: Utilizing AI to automate and optimize marketing processes, such as customer segmentation, predictive analytics, and chatbots. Example: Sephora uses AI-powered chatbots to provide personalized beauty advice and product recommendations to online shoppers. Viral Marketing An online advertising approach which functions somewhat like online equivalent of word-of-mouth. Quickly spreading information related to companies product to the masses. Example: Hotmail, twelve million people signed in a short period Taj Mahal’s seven wonder of world campaign If you send this message to ten persons you will be blessed by God Neuro Marketing It is a new field of marketing research that studies consumers' sensorimotor, cognitive, and affective response to marketing stimuli. Functional magnetic resonance imaging (fMRI) to measure changes in activity in parts of the brain, Electroencephalography (EEG) and Steady state topography (SST) to measure activity in specific regional spectra of the brain response, and/or sensors to measure changes in one's physiological state, also known as biometrics, including (heart rate and respiratory rate, galvanic skin response) to learn why consumers make the decisions they do, and which brain areas are responsible. Example: Eye tracking, facial coding, voice analysis Social Media Marketing Social Media Marketing is a marketing technique to improve traffic, brand awareness and selling using social network sites Why people will come to your page: Educate Entertain Convince Inspire