The digital revolution has not only changed the way we communicate, it has also changed the way that we engage with the world, purchase goods and services, and get information. The implications that this has for businesses and brands is immense.
There was a time when a person could only make a purchase by physically going into a store. Now, consumers can go online to buy goods and products from online stores. Not only can they make purchases, they also have access to comparative prices, digital catalogues with product comparisons, and online reviews that allow them to get real time feedback from others who have used those products or services.
Even the way we consume arts and music has changed. There are now TV shows that allow for user interaction. On shows like Big Brother, audience participation influences the outcomes of the programming.
A lot of people now watch the latest Nollywood flicks on YouTube channels, and some of the most popular comedians with massive followings, are online. Many musicians now release their albums online long before they are released in the stores. Even politics and governance is not left out. Many politicians and political parties now launch their campaigns via digital platforms like YouTube and social media platforms; and governments are increasingly going online to increase awareness of their initiatives.
These are immense changes, with immense implications for businesses and brands. If they fail to adapt to the technological changes that are sweeping through, they will find themselves becoming obsolete and losing ground to sometimes smaller, but nimbler competitors, who are more open to embracing the changes that are occurring.
The required changes that established businesses and brands must make to thrive in this new age are simple. Businesses create products and services and make information about the value that they can offer available to their customers through marketing efforts.
Traditional marketing assumed that a consumer would either be sitting in front of a TV screen, reading papers and magazines, listening to the radio, or glancing at a billboard as they drive along in a car. As a result, the tools of traditional marketing, were mostly limited to advertisements on TV, radio, Newspapers, magazines and roadside billboards. They offered no opportunity for feedback from the client, and reviews were often limited to mouth to mouth feedback from friends and family.
The new digital age has upended that paradigm. Now, the potential customer can search online for the product they are interested in. They can get reviews about the quality of service that can be expected from businesses that they are considering engaging with. They can check out pricing and compare them across various retailers. They can go to the social media pages of influencers and get their views on various products and services.
The age of the silent consumer is dead. Now, consumers are speaking, digitally, to millions of people around the world, and those conversations are shaping what they buy, when they buy it and who they buy it from. Far from being a lamentable fate, however, this new phase of marketing in the digital age offers exciting, profitable opportunities for businesses that are ready to adapt to meet the needs of their customers. The static and silent consumer is a dying breed. The long-held notion that brands can control the customer’s perception of a product or service is finally giving way to marketing in the digital age: user-generated content and social advertising. Static marketing is declining as peer reviews and consumer feedback have now taken centre stage.
This is hardly surprising as a substantive amount of the world’s population now holds a powerful decision-making tool in the palm of their hands. By 2020, there will be five billion internet users worldwide and 10 billion on mobile phones. In Africa, it is expected that we will have 650 million internet users and 500 million of these will be on mobile phones. From this small handheld device, potential customers can make product comparisons, search reviews, and have questions answered by fellow consumers before making a purchase; particularly in the moment of need.
The advent of social media means users are a lot more empowered and engaged, able to give direct feedback and have their voices heard. More than ever before, they are able to establish preferences and register protests. The average consumer’s attention span is now limited in order to cope with the overload of information. Responsive brands stay ahead of the curve by seeing this change as positive and utilising various consumer apps to shift from one-way broadcasting to dialogue.