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Insights and Actionable Steps for Growing a Revenue-Centric Business in a Radically Evolving World (Whitepaper)

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6 6 In the late 1800s and early 1900s, sales prac ces were characterized by wildly exaggerated claims. The name of the game was convincing buyers they would get much more than they actually would from their purchase. Consumer protec on laws didn't exist, and the power was squarely with the seller, not the consumer. It was the age of caveat emptor, buyer beware. By the 1970s and into the 1990s, sales approaches evolved. The power of brands began to emerge. Trust and consistency ma ered. As consumer protec on laws were strengthened, consumer loyalty had direct effects on business growth. Trusted brands grew and thrived. In the 2000s, technology exponen ally increased consumer buying power and influence with online reviews, price comparison tools, and easy access to extensive product informa on. As informa on became much more easily a ainable, sellers, too, became empowered to help consumers make be er- informed decisions. The Evolution of Sales and Marketing 0 10 20 30 40 50 60 70 1800 1810 1820 1830 1840 1850 1860 1870 1880 1890 1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 1995 2000 2010 The Evolution of Sales & Marketing Sales and Marketing Practices Corrupt Sales Practices Sales Evolution Building trust with customers Search engine enabled targeted messages Inbound Marketing Emerged Digital Marketing, AI, ML Emerged Growth Scale When technology is king, consumers are empowered, and so are sellers. Unlike any medium in history—and when done right—digital marke ng, powered by con nuously emerging technology, can benefit both buyer and seller with customized messages that drive business growth. What Can the Evolution of Sales and Marketing Teach Us?

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