It used to be so much simpler to market a company 25 years ago. That was before a computer programmer in Switzerland named Tim Berners-Lee introduced the World Wide Web in 1991. In the days before the Internet, search engines and smart phones, marketing consisted primarily of campaigns to targeted audiences using a controlled number of channels and a controlled message. Practically all marketing efforts were paid for and directed by the company. That’s not to say that getting the message across or selling a customer on a product or service was easier. It wasn’t. But for companies trying to communicate a message to a customer, the approach was simpler and more direct. There was less messaging ‘noise’ to distract and confuse audiences.
Today, we are overwhelmed by sales and marketing messages coming at us from every direction. To be heard, companies must use a variety of approaches and a multitude of channels. This includes Paid Media, Owned Media and Earned Media efforts. Today’s marketing efforts must converge these to create a mixed approach. Each is a different way for potential clients or customers to learn about a business’ message. Each functions differently. And each has its pros and cons. In order to reach a target audience, a company has to understand and determine the right mix of its owned, earned and paid media efforts. Let’s look at how they work. Continue reading