Categories: Articles

The Era Of Exponential Marketing

Most everything we look at in the marketing realm is linear.

We’ll look at things like mobile adoption and it’s always with a linear perspective. It wasn’t too long ago that several brain trusts were telling me that smartphone adoption was at 28% one year and expected to grow to around 32% the following year. Sigh. Linear growth. We’re quickly entering the world of exponential growth and it’s something that few of us are prepared for. One of the clearest explanations of exponential versus linear growth came to me courtesy of a presentation that I saw from Ray Kurzweil (futurist and author of books like The Age of Intelligent Machines and The Singularity Is Near, to name a few). He was talking about the intersection of biology and technology and how once we discovered how to map only one percent of the human genome that we were, basically, at close to one hundred percent. That first one perfect is always the hardest part, but then exponential growth starts kicking in (for myriad of reasons) and stuff starts to boogie.

Most everything we look at in the marketing realm will need to be exponential.

MediaPost had a news item yesterday titled, iPad Sales Are Driving Massive Tablet Growth. From the article: "According to IDC‘s Quarterly Media Tablet Tracker, 25 million units shipped in Q2 – a 33.6% increase from the previous quarter’s 18.7 million and 66.2% over the same period in 2011." Those are exponential numbers, people. Let’s not forget that Apple began taking pre-orders for the iPad in March 2010 (that wasn’t all that long ago). It’s not just tablets, either. Look closely at the rate of adoption for things like smartphones and e-readers and you start seeing this type of exponential behavior everywhere.

Marketing needs to become an exponential business.

Shifting back to tablet talk, this is just the beginning. Google is getting aggressive with their Android-based tablets. As is Microsoft, Amazon and a bunch of other hardware manufacturers (Acer, Samsung, etc…). The rumor mills are spinning with word that Apple is going to launch a 7-inch version of the iPad shortly as well (to compete with the others in terms of form factor and price). On top of that, there is a very healthy app ecosystem at play here that is only beginning to unlock the power of everything you can do with touch on a larger screen that couldn’t be done on a PC or a smartphone. Exponential growth. Exponential opportunity. Exponential new ways to think about marketing.

It’s exciting, isn’t it?

It probably is exciting for you and me. But, let’s face it: most brands are woefully unprepared. They’re thinking that the market is still too small, not significant or worth the cost of jumping in with both feet. This is classic. They’re thinking about ways to make their websites and mobile sites tabloid-friendly. In that, they are completely missing the mark. This is exponential growth and it’s happening right under our noses. Being prepared isn’t going to be about a two-year outlook (don’t believe me? Please go back to the top of this blog post and re-read those iPad stats courtesy of MediaPost). Instead of waiting for things to happen, the biggest opportunity facing marketers today is shifting from a linear analytics mindset into an exponential one. Yes, it’s an overwhelming and daunting challenge, but let me ask you this:

What choice do we have?

Mitch Joel

Mitch Joel lives at the intersection of technology, business transformation and consumer culture. He is the Executive Director of Next Era Institute, a strategic intelligence platform helping leaders understand the forces reshaping business, technology, culture and society. The Institute identifies which shifts matter, explores their wider significance and translates them into strategic direction and momentum. Mitch is also a globally recognized keynote speaker. He has delivered thousands of presentations across both B2B and B2C industries to organizations including Google, Walmart, LEGO, Shopify, Microsoft, Procter & Gamble and Unilever. Strategy Magazine has called him “one of North America’s leading visionaries.” Mitch built his career by working directly inside the waves of change that reshaped modern business. He founded and built a digital marketing agency that worked with some of the world’s largest brands and was later acquired by WPP, where he served as President of a firm operating in 25 countries with almost 3,000 employees. Mitch is the bestselling author of Six Pixels of Separation and CTRL ALT Delete, and the host of Thinking With Mitch Joel, one of the longest-running business podcasts in the world. His writing and commentary appear in outlets including Harvard Business Review, Fast Company and Inc. Magazine. He is a member of Dr. Marshall Goldsmith’s 100 Coaches and was named to the Thinkers50 Radar. Mitch also hosts Groove – The No Treble Podcast, documenting the oral history of electric bass players. Mitch is also Co-Founder of ThinkersOne, a platform that enables companies to bring personalized thought leadership from world-class experts into meetings, events and off-sites in focused 15-minute bursts.