The Millionaire Mindset

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New Marketing Reality 4

New Marketing Reality 4


Traditional Advertising and Marketing No Longer Work


The reality of our marketplace is that what might have worked in the past


is no longer effective. Costs are rising and results are constantly going down.


The result is a shrinking profitability and return on investment for anyone using


traditional methods for reaching their market.


Traditional advertising costs have risen at staggering rates, yet what used to bring


in 200 or 300 customers to a retail establishment would be lucky to pull in 10


today. Yellow Page advertising has doubled in price in the past decade, yet with all


the clutter and plethora of options, the results continue to decline. Still, so many


industries continue to advertise there unabated.


The same is true for direct mail advertising. What used to produce a 3%-5%


response rate would be lucky to pull in .05% today. That fact surely isn’t reflected


in how much it costs to produce and distribute that same mail piece. Still,


marketers continue to shovel paper marketing pieces to the marketplace, many


times without even thinking.

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