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NEW MEDIA
New Media Marketing is a relatively new concept utilized by businesses in developing an online
community (see Social Networking Page), which allows
satisfied customers to congregate and extol the virtues of a particular brand. In most cases, the online community
includes mechanisms such as blogs, podcasts, message boards,
and product reviews, all of which contribute to a transparent forum to post praises, criticisms, questions, and
suggestions.
One of the primary arguments to promote New Media Marketing is the premise that traditional advertising is losing
its influence on consumers. This is backed by statistical evidence demonstrating a growing trend of consumers
making purchasing decisions off Internet research and referrals. These advocates strongly adhere to the notion that
consumers are more inclined to believe feedback from like-minded peers than corporate marketing verbiage dispersed
through traditional television, radio, direct mail, or newspaper advertising.
Although businesses would be exposing certain weaknesses to the marketplace by allowing individuals, or even
competitors, to post critical comments, responding with an honest and transparent answer designed around solving
the issue at hand may mitigate potential risks.
New Media Marketing is most effectively marketed by Internet-driven technology such as blogs, RSS, Web video productions, podcasts
and technologies still in the development stages.
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