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    Is marketing going through its biggest shift? | Sonic Automotive Houston Keynote in 5

    enMarch 27, 2023

    Podcast Summary

    • Embrace modern marketing methods for business growthDon't miss the business super conference to learn and connect in the innovative marketing space. Marketing's purpose is to sell, adapt, and thrive in the digital world.

      The marketing landscape is undergoing a significant shift, with the internet reaching maturity and offering remarkable opportunities that many continue to underestimate. Gary Vaynerchuk emphasizes the importance of embracing modern marketing methods, as marketing is an engine for business growth. The upcoming business super conference, featuring speakers like Busta Rhymes, Deepak Chopra, and Steve Bartlett, is an excellent opportunity for individuals to learn and connect in this innovative space. Don't miss out – get your ticket through the link in the bio or by clicking here. Remember, marketing's only purpose is to sell, and it's essential to adapt and thrive in the ever-evolving digital world.

    • Maximizing Marketing Opportunities on Underrated PlatformsInstead of chasing trends, focus on present opportunities like Facebook Reels for profitable marketing. Traditional advertising methods are losing effectiveness as audiences shift to streaming services.

      Our society's attention is rapidly shifting to new platforms, and the marketing opportunities on these platforms, such as Facebook Reels, are vast but underutilized. While everyone is focusing on the latest trend, like TikTok, there are still vast audiences on older platforms, like Facebook, consuming content. The speaker emphasizes that instead of chasing the latest trend, it's essential to be obsessed with the present and take advantage of the current opportunities. For instance, creating videos and pictures for Facebook Reels can be a profitable marketing strategy due to the imbalance between supply and demand for attention on the platform. The speaker also highlights the significant amount of money being wasted on traditional advertising methods, such as Super Bowl commercials, as audiences are increasingly turning to streaming services like Netflix and Hulu. In conclusion, it's crucial to adapt to the changing consumer behavior and focus on the present opportunities to maximize marketing efforts.

    • Understanding Marketing ReturnsSuccessful marketing isn't based on opinions, but data. Social media can be effective, but requires effort and understanding. Embrace data-driven insights for informed decisions and effective campaigns.

      Marketing strategies, such as overspending on programmatic banner ads and influencer marketing, can yield vastly different returns. While some investments may bring in substantial revenue, others may result in negative returns. It's essential to understand that the success of a marketing campaign is not solely based on subjective opinions but rather on data and insights. Social media, despite common beliefs, can be an effective marketing tool, but it requires effort and understanding. Marketers should be open to new methods and data-driven insights, rather than relying on their ego and past practices. The lack of humility and confusion about modern marketing methods can hinder growth and success. Instead, embracing the quant and qual data provided by social media platforms can lead to more informed decisions and effective marketing campaigns.

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