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Technology Makes us a
        Marketing Tool,
      Demographic and
            Target
By: Zhuo Yuan Li
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)
 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
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)
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
 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
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)
 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)
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)
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)
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
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
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/

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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/