Wholesell Changes
One look at the marketing methods in play when this magazine started and you'll wonder how anything ever got sold. One look at the future and you might see products selling themselves.
To borrow from a popular ad campaign circa 1977: You've come
a long way, baby. Like Alice gazing through the looking glass,
it's a mind-bender to look at the world of marketing in 1977,
when coupons, contests and sidewalk sales dominated small-business
promotions. Back then, the typical campaign went something like
this: You ran an ad or coupon in the newspaper and, if you were
lucky, an AM radio station in your area sent a DJ for a live
broadcast during your promotion. AM radio? Yes, you read that correctly. FM radio was
fairly new in 1977, and there were only three national TV networks.
Today's media glut didn't exist, and big-time promotional
marketing was the exclusive turf of conglomerates. Your options
were limited, not to mention prohibitively expensive. "You had
to compete on a huge scale for mind share," says Rob Osler,
director of brand strategy at Leonhardt:Fitch, a branding and
design firm in Seattle. "It created significant barriers to
entry for new players." Many of the marketing tools we take for granted today were
either new or nonexistent in 1977. Auto-makers were testing a new
idea called the rebate. Marketers were figuring out how to target
direct mail. Computers took up entire rooms, and scanning equipment
was a novelty. Data mining was futuristic, and promotions were
tailored to the masses. The arrival of desktop computers in the
1980s gave entrepreneurs added marketing sophistication and cost
control, while corporations began cluing into the power of
sponsorships, branding, tie-ins and loyalty programs, as well as
the connections between all of them. The Super Bowl was becoming a
marketing event, and AT&T's "Opportunity Calling"
campaign, which let consumers collect points on long distance calls
to buy merchandise, signaled something new and exciting.  |
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·Technology: First it leveled the
playing field. Where's it headed now? ·Money: Capital was scarce 25 years ago.
Here's its state today. ·Management: Trends are multiplying
fast. What will stand the test of time? ·Marketing:Technology and
personalization will rule this arena. ·Franchising: Get ready . . . the golden
age of franchising is upon us.
| | 25 Years of
Entrepreneur: A timeline of the forces that
have shaped entrepreneurship through the years |
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Page 1 | 2 | 3
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Brewing Big (With a Micro Soul)After 18 years of growth and with annual revenue about to break $100 million, Kim Jordan still maintains New Belgium's freewheeling spirit.
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