10 Marketing Concepts I Learned from Asian Marketing Congress
Sunday, July 27, 2014
The Asian Marketing Congress has ended but the beautiful and awesome
ideas I got are like a downpour of rain – refreshing!
1. Monotasking
Multitasking is dead. In the
coming years, companies will be demanding quality of work and this gives life
to monotasking. Monotasking allows individuals to be focused and more effective
in finishing one task at a time. I can’t wait for this to be a commonplace.
2. Party-cipation
All events should be like this. I wanted to see this becoming a common
fixture in learning events. Yeah, I want delegates PARTY-cipation
3.
FOMO
(Fear of Missing Out)
This will continue to be a common behavioral response of the Millenials
and marketing professionals will continue to take advantage of this knowledge
by creating messages aim at stirring FOMO in all of us.
4.
Sympathetic
Pricing
As brands strive deeper human connection, sympathetic pricing will be one
of the strategies or tactics to show and develop this humane connection. I love
this because brands now will be able to transcend themselves other than being
perceived as greedy and profit driven entities.
5.
Fast
Retailing
Fast Retailing a strategy used by Zara and Uniqlo (to mention a few) will
become intense in the coming years. The upside being new fashion trends
becoming accessible to the public at an affordable cost. I see this being an
exciting joy ride for the retailing industry.
6. VolunTourism
This will be a big trend on the coming years to come in the tourism
industry. As we become involved in our environment, tourists will be compelled
to add value in places they visit. This trend will make sustainability possible
in this area of our life.
Deteching is the new detox. As technology overruns our life and we become
dependent of it. A lot of people will embrace Deteching as an escape or respite
for this overwhelming technology. A lot of brands will use Deteching as a
marketing campaign to connect with their consumers. I already saw a campaign
that used this strategy as of this writing and a lot more to follow along this
line.
8 8. Little
Emperor
The Little Emperor syndrome brought upon China’s one child policy is a
marketing and sociological challenge that will have an impact in years to come
as this Little Emperors grow and their affluence increased.
A marketer can take advantage of this in selling high-ticket products and
experience.
9. Brand
Virgins
Brand
Virgins is a segment marketers need to capture. They are new to the brand and
will need better attention and care so that they can slowly but surely be
intimately connected to the brand.
As more and more brands
appreciate creating stories to connect to their target market, status stories
will be more prevalent in the way they communicate to their market. This is
because of the rise of the numbers of the affluent and the need to fulfill the
aspirations of those dreaming to become part of the affluent group.
There you are the top 10 concepts
I learned and loved in the recent Asian Marketing Congress.
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