“Adverfanning”, a new marketing challenge.

Advertising has a new coat, “adverfanning” as in advertising to attract “fans” for your social site, who are then the target of directed or “Permission Marketing“, a term coined by Seth Godin over a decade ago.

Adverfanning has been growing exponentially with the growth of social media, it is the foundation of the business model, but the cost/impact has been increasing as click through rates decrease. According to a report by analytics firm Webtrends, it now costs $1.07/fan, as reported in this WSJ article, which is getting close to TV cost/impact in some time slots.

The business of advertising has not changed, but the tools have. The old ones, TV, radio and magazines have fragmented enormously with choice, and new ones have emerged from the social media, but the objectives are unchanged.

Gain attention

Generate engagement

Motivate trial

Build repeat sales

Encourage brand evangelism.

 

About strategyaudit

StrategyAudit is a boutique strategy and marketing consultancy concentrating on the challenges of the medium sized manufacturing businesses that make up the backbone of our economy. The particular focus is on their strategic and marketing development. as well as the business and operational efficiency improvements necessary for day to day commercial survival. We not only give advice, we go down "into the weeds" to ensure and enable implementation.
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