Technology Makes us a Marketing Tool, Demographic and Target
1. Technology Makes us a
Marketing Tool,
Demographic and
Target
By: Zhuo Yuan Li
2. Technology and Marketting
Over the past decades, new areas of marketting
Advent of the internet
Proliferation of the personal computer
More electronic devices connecting to the web
More people are on the internet
Advanced technologies allow more to be done
Data tracking and analysis
Prediction technology (Hatmaker, 2012)
3. Internet revolutionized human interactions
People could browse through huge numbers of websites in
a short period of time
Search engines such as google
Social networks such as MySpace and Facebook allow
easy and quick communication
Companies realized the importance of online marketing
Standard practice for a company to have a website for
online customers, which was almost unheard of 20 years
ago
Internet advertising is now everywhere
Some companies deal exclusively online
Amazon, Ebay
4. Online advertising
Cheaper than traditional advertising (TV, radio)
Wider coverage than tradition forms of ads
Especially on social networks such as facebook
Not limited to a certain geographical location
Can be to a targeted audience
Specific websites catering to specific people
Easier to do and manage the results
Easier to track clicks and pageviews
Faster and more informative than offline ads
Send you to company’s product page immediately
(Scifo, 2010)
5. We as a Marketing Tool
Humans are social creatures
Highly influenced by the actions of others
Especially friends and family
Word of mouth marketing (Raghuvanshi, 2010)
On the internet, word of mouth travels very fast
Companies use peer influence to expand consumer ranges
Lists of popular items on shopping sites (Moon, 2011)
As more people buy a product, more are inclined to buy it
6. Online customer reviews
By posting customer reviews, businesses attach a more
familiar atmosphere to a product as it has been used in real
life (Raghuvanshi, 2010)
“Liking”
Popularized by social networks such as facebook
The more likes something has, the more people are
inclined to try it (Raghuvanshi, 2010)
Many products sold online now has a facebook extension
for the like button
Music on youtube is a great example of peer influence
Justin Bieber’s Baby
Gangnam Style
7. A Target on our Backs
Consumers are a backbone of business
Money flow from buying products
Understanding consumers is vital to success
Businesses predict consumer behavior to make profit
Different people have different views
Websites cater to a specific group (Raghuvanshi, 2010)
8. Businesses gather information about us in more ways
than ever
Websites record our actions and log them
Our search histories reveal our preferences
Companies working together to create a centralized
database for easy tracking
By analyzing customers’ shopping patterns, companies can
predict what they want to buy more of, or a new product
Cookies and spyware in our computers violate our privacy
and feed information back to companies (Hatmaker, 2012)
9. Demographics
People who repeatedly frequent a website
Websites are catered towards specific groups to increase
cost/efficiency in sales (scifo, 2010)
People with similar tastes are grouped
Targetted by online advertising, which fills websites with
ads on every page in order to generate revenue
Continuously surrounded by products they usually prefer,
to cater to consumers’ buying impulse (Raghuvanshi,
2010)
10. Guided by an invisible hand
Customer preferences determine search results
Shopping sites have items that a consumer is more likely to
click on
Based on previous searches, clicks and purchases (Moon,
2011)
New and “hot” products are displayed on the front page
People are influenced by what others have bought
Never know if the business is manipulating these lists to its own
profit, or simply using them to gauge consumer response
(Moon, 2011)
11. Strategies
Cameras are used in stores to analyze customer
movements throughout the store
Used to optimize product placements
Customers see the most popular product at the very first
sight (Hatmaker, 2012)
The need for technology
People always want the latest in technology
Period between switching to newer version of electronic
device is decreasing every year (Hart, 2012)
Home delivery for convenience
people are more inclined to shop online and continue the
cycle
12. Conclusion
Technology does indeed make us a marketing tool, a
demographic and a target
Not necessarily a bad thing
As long as we make informed decisions
Internet provides a wide variety of choices for us as
customers
Viewing prices between different stores is much easier
We have been subject to these since capitalism and
consumerism began
Businesses have been using consumers for profit long before
the 21st century
Technology simply provides a façade of convenience
13. References
Hart, Richard. (2012). Technology Consumption, innovation to
continue in 2012. Retrieved from
http://abclocal.go.com/kgo/story?section=news/drive_to_discover&
id=8487231
Hatmaker, Taylor. (2012). 5 Ways “Big Data” Is Changing The
World. Retrieved from http://www.entrepreneur.com/article/224582
Moon, Mariella. (2011). The Future of Shopping: How technology
will change the way you buy. Retrieved from
http://www.tecca.com/columns/future-of-shopping/
Raghuvanshi, Raka. (2010). The Importance of Consumer
Behavior. Retrieved from
http://www.businessihub.com/importance-of-consumer-behavior/
Scifo, George. (2010). 10 Advantages of Online Advertising.
Retrieved from http://www.georgescifo.com/2010/05/10-
advantages-of-online-advertising/