With the second quarter nearly over, it must be time to start to make predictions for 2017. Why?
Because everyone is still “uncertain” about 2016 and “bullish” about 2017 in the “run up to 2020”.
Rather than debate the oil price, regional turmoil and subsequent market fluctuations, one thing is for sure — 2016 isn’t as buoyant a market as many had hoped.
And budgets are being cut. Sure, it’s not 2008 all over again. But let me repeat budgets are being cut. And when that happens every dollar spent needs to be scrutinised even more than before.
Which is why by the end of 2016, there will be no more mass marketing.
Wooing niche audiences is everything. Do you remember Chris Anderson’s 2006 book, The Long Tail. In this oft-quoted tome, he spoke of Amazon’s ability to sell obscure books to obscure people while the high-street retailers only have space to sell the mainstream units. And this is now being adopted across all industries.
I was at the Step Conference in Dubai the other day. Startups and venture capitalists, mainly. And when you look at all the startups, each one of them solves a very singular problem for a niche audience.
A niche audience that will be big soon. Or so their business plan will assure you.
There’s no other reason to set up a business. It has to solve a problem. We set up Blue Logic to help businesses harness their data and add content that collects eyeballs. Monitor what the audience is doing and give them more of what they want. And monetise. Simple, right?
I met at the Step conference a startup called My-Sign.com, a new Continue reading “The era of mass marketing is now truly over”