The document compares traditional and contemporary marketing approaches. Traditional marketing focuses on print, broadcast, direct mail, and telemarketing. It aims for sales and profits but is outdated. Contemporary marketing focuses on digital methods like websites, social media, content marketing and banner ads. It aims to engage people online to determine a strategy's effectiveness.
The contemporary approach is better suited for today's generation that is technology-focused and socially active. Digital marketing allows businesses to connect with customers and gain sales even during a pandemic as people spend more time online. Contemporary marketing has evolved to better engage audiences and provide opportunities for businesses.
The document compares traditional and contemporary marketing approaches. Traditional marketing focuses on print, broadcast, direct mail, and telemarketing. It aims for sales and profits but is outdated. Contemporary marketing focuses on digital methods like websites, social media, content marketing and banner ads. It aims to engage people online to determine a strategy's effectiveness.
The contemporary approach is better suited for today's generation that is technology-focused and socially active. Digital marketing allows businesses to connect with customers and gain sales even during a pandemic as people spend more time online. Contemporary marketing has evolved to better engage audiences and provide opportunities for businesses.
The document compares traditional and contemporary marketing approaches. Traditional marketing focuses on print, broadcast, direct mail, and telemarketing. It aims for sales and profits but is outdated. Contemporary marketing focuses on digital methods like websites, social media, content marketing and banner ads. It aims to engage people online to determine a strategy's effectiveness.
The contemporary approach is better suited for today's generation that is technology-focused and socially active. Digital marketing allows businesses to connect with customers and gain sales even during a pandemic as people spend more time online. Contemporary marketing has evolved to better engage audiences and provide opportunities for businesses.
1. Compare and contrast traditional approach and contemporary approach
There are two types of marketing approach: traditional and contemporary. These approaches pursue promotion and aim to attract and retain customers. Both marketing strategies introduce product/service to the target and potential customers. As though they are both related to marketing, they are majorly different on how it is acted upon. Traditional marketing is an “old” and “outdated” promoting approach but is still used up to this day. While contemporary is considered the “new” and “modernized” marketing strategy which is much more engaging to today’s customers. Generally, traditional approach mainly focuses on sales and profit alone. The examples of a traditional approach are print media (newspaper, magazine ads, newsletters, brochures, and other printed materials), broadcast media (such as TV and radio ads), direct mail (including fliers, postcards, and catalogs), and telemarketing. On the other hand, contemporary marketing focuses on engagements and opinions of the people online to define whether or not the strategy is good and beneficial. The examples of this are generally digitalized which includes websites, social networking sites, content marketing, and banner ads.
2. In your opinion, which marketing approach is better between traditional and
contemporary approach? In today’s generation wherein people are technologically interested and socially active, it is safe to say that the contemporary approach is much more adapted and accepted by society and is much more beneficial for businesses. It is undeniable that us being called the “modernized generation” could simply explain as to why the digitalized marketing approach is considered by all businesses today. As we are in the midst of a pandemic, all of us became more socially active online because that is the only way to connect with other people while staying at home. The contemporary approach definitely evolved as we improve and learn the techniques for better engagements online. Many businesses have boomed during this time as people are constantly on watch to the latest products and services, they can avail online making it for the businesses to gain sales and customers. I must say, good digital marketing today can lead to greater opportunities for tomorrow.
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