Almost Timely News: ??? Marketing's Extinction Level Event (2024-12-22)
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What's On My Mind: Marketing's Extinction Level Event
This week, as we start to wind down the year fully, let's talk about a meta-trend that's been in progress for the last couple of years and is going to accelerate in the year ahead. I wrote about this early this month but want to really expand on it as its own thing, a content crash of sorts.
Part 1: A World of Infinite Content On Demand
Marketing as we know it is going extinct.
Yeah, that's a bold statement, but the reality is that generative AI has only begun to impact marketing, and we're doing really dumb stuff with it, compared to what we can do, and what we'll be able to do.
Imagine the world two years from now; it's the holiday season of 2026. Close your eyes, or slap on your augmented reality glasses, or whatever.
It's your family's holiday dinner. As everyone sits down to eat, you open your phone, tap on the music app of your choice, and a chatbot starts talking.
In less than 60 seconds, holiday background music starts. It's nothing terribly distracting or compelling, and it's pleasant to listen to. There's something about chestnuts and snowflakes and family, and it's all good. You enjoy your meal.
Meanwhile, the music provider of choice has filled the hour with generated music that's curated to your tastes, to the kind of music you enjoy, from chord progressions to tempo to lyrics. It's custom-built for you. Conveniently, it's also royalty-free for the music provider, so they don't need to pay any royalties. There's an occasional, tasteful ad read out by an inoffensive voice for some local car dealership, but otherwise, it's very much like a Hallmark movie.
After dinner, you sit down in front of the TV. Some folks fall asleep immediately, having eaten too much or enjoyed too much wine. For the rest of you, you turn on the TV and a chatbot pops up.
In a few minutes, you start watching the movie. It's sappy, it's hilarious, occasionally gory, and exactly what you asked for. The evening ends and everyone heads to bed.
Now, to some people, this might be a dystopian nightmare. To others, it might be heaven on earth. But regardless of extremes, a future in which consumers - you and me - can have exactly the content we want, when we want it, is very, very near.
We're already there with music. Tools like Suno let you generate reasonably okay music today. It's not great. It's not going to win a Grammy. Sometimes it does things hilariously wrong, but for the most part, it does a decent job with the tasks you give it - and your content is ready in seconds.
For fun, I used Google's Gemini to turn a landing page of our website into a Gregorian chant. And then Suno made the Gregorian chant audio. Is it amazing? Yeah, it's different, that's for sure. But it was content on demand. I didn't have to wait more than a couple of minutes for it to be ready.
We're well past there with text. Today's AI models are capable of cranking out entire books in minutes. While many people use them at small scale, like writing an email or a blog post, today's language models can generate entire working pieces of software and very, very long form content.
Last night, I was talking to a friend who's just getting her video editing business off the ground. She said, "Oh, I don't have a master service agreement or a scope or work template or this or that thing." I sat down with Google's Gemini and with some careful prompting, I built her a 29 page starter pack of all the templates and forms she'd need, encouraging her to get human lawyer review once she has some revenue to pay for it. We are well past content on demand on the text side.
On the marketing side of things, folks will just go to a tool like Google Gemini's Deep Research, plug in a prompt like "My company is about to start the search for a new CRM vendor. I've been put in charge of doing research into CRM vendors. Here are the requirements I was given. It has to be cheap: less than $200 per month in TOTAL for 5 users. It must be flexible, having marketing automation and CRM features. It must be extensible, with tons of integrations and its own API. It must be secure. It must be fast and lightweight. It must be easily administered. The company is okay with self hosting if it's easy and a low lift. I need a list of vendors that meet these requirements and detailed explanations." and the AI tool will spit out a comprehensive report and conclusion in less than 3 minutes based on a couple hundred different websites.
This is what a world of infinite content on demand looks like. Any content you want, machines will generate it for you when you want it, exactly how you want it, in the format you specify.
What's notably absent from these scenarios? Us. Marketers, I mean. Other than a few ad spots here and there, there's no opportunity for us to be participants in any of these AI-mediated interactions.
Marketing has been cut out of the picture in a world where generative AI can make you anything you want.
Part 2: The Marketers' AI Folly
Meanwhile... what are we doing? What marketers are doing is the worst possible thing: more of what already doesn't work well.
In study after study and survey after survey, what's the #1 use case for generative AI in marketing?
Yup. Making more marketing content. And not just any marketing content, but the corporate dreck we've been serving up for decades. More blog posts. More whitepapers. More emails. More of everything that, if we're honest, we would never consume if it weren't part of our jobs.
When Google's NotebookLM came out, what did marketers get really excited about? The audio overviews feature. Why? It made good quality, low effort audio summaries of content, which some folks began to use as podcasts.
Why? It's basic human nature combined with toxic corporate cultures that constantly shout at us to do more with less, to cut corners, to ship faster regardless of quality. You can have an instant podcast that doesn't sound like garbage with no effort? Great!
The same tools that give consumers the ability to generate infinite content on demand are in the hands of marketers doing exactly that - creating infinite content on demand. And as with any market, when supply vastly exceeds demand, the "price" of the supply drops like a rock.
What's the "price"?
Attention.
While marketing content scales to infinity, attention for marketing content gets more and more fragmented. You're already experiencing this. You're trying to juggle which of the dozen social networks you should be posting content to. Does this belong on Threads, Bluesky, or the network formerly known as Twitter? Should we put it on LinkedIn? What about Tiktok? Snapchat still exists, what about there?
You know the feeling. We all do. We're all trying to figure out how to capture and hold onto ever-faster decaying attention - and the generative tools that will empower consumers to create custom content on demand will further erode our ability to reach them, because they will have less time for us.
That's logical, isn't it? If you have a machine that spits out content that makes you deliriously happy because you're getting exactly what you want, why would you even bother with content that you didn't have tailor-made for you?
So we're really running into infinite supply and DECLINING demand. That's not going to go well for us.
Part 3: What The Heck Do We Marketers Do?
So far, this is a fairly bleak picture for marketing - hence why I started out saying that marketing as we know it is headed for extinction.
What are we supposed to do as consumers (B2B and B2C, because even in B2B, the decision makers are still human for now) use AI to tune us out even more?
Here's the fundamental question to ask, one that I batted around with Katie this week on our podcast: where aren't marketers?
What aren't marketers doing that our audiences might want?
Here's a few thought starters for you.
What's clear is this: marketing will not thrive in an environment where consumers have infinite options for excluding marketing content. We often say as part of our marketing strategy that we need to market where the audience is, and for the most part, marketing is failing miserably at that. Not because we're not marketing in the physical or logical places where audiences are, but because the content we're providing isn't where their minds and hearts are.
It's like showing up at a Red Sox game wearing Yankees gear. You're technically in the right place, but you have exactly none of what the audience wants and they resent you for it.
I frequently say that AI is an amplifier. To paraphrase from the Captain America movie, it makes the good into better and makes the bad into worse. AI will amplify what's already there, so if you're not serving your audience well now, AI will cause you to serve your audience even worse, at a faster pace, and at much greater scale. Instead of a dozen blog posts no one reads, AI will help you make a thousand blog posts no one reads.
Here's the good news. Figuring out what your audience wants is as simple as asking them. Talking to them. Listening to them. Watching what they do, where they spend their time, what interests them as whole individuals, not just walking wallets you can pick. And if you execute on a strategy of using all the tools and talent at your disposal - including AI - you'll serve them better, make them happier, increase their satisfaction and loyalty, and probably do more business with them than ever before.
Part 4: Immediate Next Steps
As we get ready to flip the calendars to 2025, here's a recipe for you to follow, should you want to pursue the avenue of serving customers with what they want.
First, strongly consider a focus group of your best customers to ask them questions like where else they spend their time, what their needs and pain points are both at work and outside of work.
Once you have that basic qualitative information, run a survey to quantify that information with the rest of your customer base, to learn what their priorities are and what they really want.
Based on those answers, build an AI-enabled Ideal Customer Profile that you can use with the generative AI tool of your choice to have always-on access to your customers' mindset. Incorporate all the qualitative and quantitative data you gathered in the first two steps.
Next, sit down with your team and decide, based on what you've heard from real customers, what things you can realistically tackle. Armed with your AI-enabled ICP, sit down with your team to brainstorm and prioritize potential initiatives. Focus on experiences that blend the digital and physical realms, foster genuine human connection, and address the challenges and opportunities of the 'infinite content' world.
Consider the growing desire for 'retro' experiences, limited physical goods, and opportunities to disconnect. Use your AI-enabled ICP as a sounding board, asking it questions like, 'Which of these initiatives would resonate most with my ideal customer?' or 'What are the potential pitfalls of this idea, from the perspective of my ideal customer?' Select three ideas to pilot, prioritizing those that can deliver measurable results quickly and aiming to have something live by the end of the first quarter of 2025.
Example Pilot Projects:
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Then rinse and repeat. Treat this as an ongoing process. Continuously gather feedback, refine your understanding of your customers, and iterate on your initiatives.
The key thing to remember is that generative AI tools give you far greater capabilities than you've ever had before. Generative AI tools will permit customers to create infinite content on demand, but that will still, at least in the near term, require effort on behalf of the customers.
And people often prefer that you do it for them versus doing it themselves, if given a choice with comparable costs. That's your window of opportunity, to seize the reins of AI tools to be the provider of what your customers want so they don't have to - and in return, keeping their attention and loyalty.
And of course, in that spirit, if that's something you want help with, Trust Insights is happy to help you with it.
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See you next week,
Christopher S. Penn
Insights-Driven Integrated Marketing Communications Professional | Specializing in Strategy, Project Management, Digital Marketing, and Content Creation | Actively Seeking New Opportunities
2 个月I've been thinking about AI-generated content on demand ever since you mentioned it in an earlier video. I think this will change the way that we consume content some of the time. That said, I don't think that it will completely replace the traditional ways we consume content. As you know, we don't just watch movies or listen to music because we need something to do. Shared experiences are still important. They help us connect to others and build communities. I think there will always be a need for Star Wars, Star Trek, Taylor Swift, and Celine Dion. You mention this in the newsletter when talking about what marketers can do. Again, I'm mentioning it because I've been thinking about it. Thank you again for all the information you provide each week!
Artificial Intelligence | Communication Measurement & Evaluation | Thought Leadership | Strategic Communication | Public Relations
2 个月Always fascinating to hear your analysis, Chris. Happy holidays! ????