Election 2008 & The Economy Part 2
Now that the election is over, what really awaits us as we step into this next age? What does this election mean specifically for internet marketing? We’ve discussed Barack Obama’s position on Next-Generation Broadband, which would be possible after the television networks begin broadcasting only in digital as of February 17, 2009. Now that the election is over, we can connect what we know about going digital with Obama’s position on bringing broadband to every community in the country.
Already, AT&T offers AT&T Wi-Fi which grants internet access to their customers at hotspots such as coffee shops, libraries and restaurants. The same service is available to cell phone users, which means that anyone who subscribes to AT&T mobile services with internet or any of their home or business internet solutions can now access the internet from any of these Wi-Fi hotspots for free.
Once television networks go digital in about three months and change, the broadcast spectrum will open up, allowing the internet to take over some of that space. However, there was potential danger for the internet because the broadcasting spectrum is only so large; many industries want to claim space within that spectrum.
With Obama’s Next-Gen Broadband policy, the internet will be given enough space to reach every community; your internet marketing campaigns will reach anyone in any part of the country. This is big news, both on the small and large scale (individual businesses and the economy, respectively). Visibility on the internet will as important, if not more so, than was visibility on television throughout the latter half of the twentieth century.
Now, in the twenty-first century, it’s time to move beyond what television can do for your company. Television advertisement is becoming more and more expensive, and less effective. If you talk with anyone of the Baby Boomer generation, or are a member of that generation yourself, it won’t be difficult to recall the jingles sung for specific products (an example that lasts even through today is the “Snap, Crackle, Pop! Rice Krispies!”). However, today, television advertisement is usually skipped over by DVR and TiVO devices.
Most business owners have already asked themselves, “Why am I paying so much for such meager results?” and moved onto internet marketing as the main channel for their company’s advertising. We’ve discussed in the past how internet marketing not only costs less and produces stronger results, but allows for business owners and marketers to view real-time reports to improve internet marketing ad campaigns thus increasing success.
Once broadband internet reaches more communities, approaching and perhaps reaching the ideal of every community, internet marketing will become even more widely used. Since it costs less and results in more prospects (and thus more customers), widespread use of the internet as a marketing channel over television, radio and print will help to boost R.O.I. (return on investment), and thus boost our economy.
Whenever something as integral as the internet experiences an evolutionary jump, it sets off a chain reaction that filters through every industry it touches, and internet marketing can boost businesses in any industry. For example, in the travel industry, use of the internet to book flights and hotel reservations forever changed the way the travel industry operates. The insurance agency is currently in the midst of becoming more reliant on the internet. You can browse homes, inside and out, over the internet; you can even pick out your next hairstyle on pages that allow you to put an image of your own face into hairstyles of various colors so that you can see just how a particular look will complement your facial features.
We’re headed for a great many changes, and the catalyst for many of those changes is the evolution of the internet. We live in an exciting age where things happen quickly enough that we can see these changes through and benefit from all of the work put in on the front side.
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