Marketing Debate: Is Mass Marketing Dead?
Marketing Debate: Is Mass Marketing Dead?
Mass Marketing may be defined as a strategy in which organizations appeal to all the
market with one offer or one strategy, ignoring the market segments. It supports the
idea to send the message that will eventually reach a large number of people possible
through radio, television and newspapers. It is a belief, if you had a better mousetrap
and could gather up enough money to tell enough people, you can push your product
into the market and eventually will sell enough to build a good business.
In the past years, mass marketing was the only economical way to reach out to
consumers. But things have now changed.
Marketing has been changing rapidly. Now, primetime TV ads, radio broadcasting, full-
page ads are no longer enough. The marketing universe is transforming and reinventing
itself. There are thousand numbers of products, brands, mediums available and it
becomes difficult to market your product effectively through mass marketing.
Organizations need to develop a product around the needs of customers and adapt to
the form of inbound marketing. Today, the onus is on organizations to establish direct,
sincere, and localized dialogue with consumers. It’s all about the customer.
There are numerous factors which have changed the buying behavior of consumers
beyond recognition and have made mass marketing irrelevant for most business.
In today’s world, marketing is changing dramatically and it's re-inventing itself with all
the analytical tools, channels, algorithms etc. We are moving towards the world where
the customer is the king and the marketing is more customer oriented. Customers need
to feel important and need to send only those messages which are concerned with them
only. Thus there is a need for the firms to spend on analytical tools, understand
customer’s needs and work hard to improve the services. Therefore, firms need to
invest in a reliable analytical system, understand their client’s needs, provide the
promised products, experience and adopt personalization practices. In short, no, mass
marketing isn’t dead, but it’s no longer enough. It’s important to adopt to today’s realities
and to keep on evolving yourselves to change with the changing times.