The Death of "Total Market"
As I recover from the shock of last nights election results, I sit here thinking about what this means for our country and the global community.
In every election cycle roughly half of the country feels a sense of loss and maybe even anger, but I have never sensed so much fear as I do now.
That fear stems for the fact that there has never been a candidate that inspires as much division as Donald Trump. My hope is that a lot of what drove that division was simply a reality TV style shock marketing strategy and that a different Trump, a more measured Trump, runs our country for the next four years. His acceptance speech was a good first step, at least in my view.
The division runs deep and wide across gender, age, income, education and ethnicity with this last factor cutting the clearest divide. White voters favored trump, while non-white voters overwhelmingly favored Clinton, see data below from CNN’s exit polls.
Having the responsibility of running an independent media company focused on the global millennial multicultural consumer, I didn’t sleep very well. We create content for and reach hundreds of millions of people globally, tens of millions in the US, and if we polled them I’m pretty confident Hillary would win easily. So what does this mean?
The Death of "Total Market"
For one thing, in my eyes, this confirms what I had already suspected: the death of the Total Market approach that many in marketing have been practicing. How are we as a content organization expected to create content that appeals to a total market that is as divided as this? How is a marketer expected to craft a brand message that appeals to all?
For some global warming is a hoax, gender-equality is BS, and a multi-cultural society living together peacefully is anathema, for others it is everyday reality.
More than ever, we need to recognize that there are very diverse consumer segments in our country, and that there is no one-size-fits-all approach to truly connecting and engaging with the so-called “Total Market.”
No matter how you cast your vote, or whether your candidate won or not, the message last night was clear. There is no one single market, no one “total market”. Language-preferences may shift and acculturation progress, but the distinctions between market segments, and what is important to those markets, are as great as ever.
As a content creator, marketer and leader, it is now more important than ever to talk to every segment, in a way that is personal and resonates with them and their own realities.
Freelance Multicultural Award-Winning Creative Director-Sr. Copywriter-Hispanic Advertising Consultant-Industry Juror
8 年Con este nuevo presidente, las diferencias entre los mercados hispano y GM serán aun más grandes y más claras.
General Creative Director Emozion sinfonía creativa (+29K )
8 年Interesting
Total market has always been a perplexing and confusing label. In marketing I believe the hope was it at least got non-white groups into the discussion and not forgotten. That, of course, is not enough. To be done well, each group must be recognized based on its unique, cultural distinctions for any marketer to hope to build a connection or relationship. Our future president does not seem to care that many people who make up the fabric of America feel not only invisible but more likely terrified. He has to take a stance that counter balances the fear he himself has enabled to move toward a much more inclusive dialogue or we should banish the total market label as it will be a complete misnomer even more than it may have been to date.
CEO @ Alpha ? AI & Data Governance ? Board Director & Investor
8 年Well done, Rafael - This only confirms the value of important companies like Batanga Media in speaking to the millennial multicultural community - thanks for sharing!
?????????? ?????????????? ?????????????? ?????????? @ ???????????? ?? ???? ????? ?????????? ???? ???????????????????? ?????????? ?????? ???????????????????? ?????? ?????????????? ?? Marketing ? Tech ? Strategy ? Media
8 年Total market, like any one-size-fits-all approach is guaranteed to fail from a Marketing and communication perspective, results like the elections prove it. Great Post.