Marketing has changed more in the last decade than it did in the previous hundred years. Once upon a time, the traditional 4Ps — Product, Price, Place, and Promotion — were the pillars of every marketing plan. But in today’s digital-first world, customers hold the power. They don’t just buy products; they buy experiences, emotions, and trust.
This shift has given rise to a modern version of the 4Ps — often called the New 4Ps of Marketing, or the 4Es: Experience, Exchange, Everyplace, and Evangelism.
Let’s decode each of these and see how brands today are bringing them to life.
1. Product → Experience
In the traditional sense, marketing began with the product — its features, design, and performance. But now, the question isn’t “What are we selling?” but rather “What experience are we offering?”
Consumers no longer connect with a product on a functional level alone. They connect emotionally, through stories, aesthetics, and convenience.
Take Apple, for instance. The company doesn’t just sell phones or laptops — it sells a seamless, premium experience. From the packaging to the interface to the store environment, every touchpoint feels deliberate and special.
Closer to home, Nykaa has turned online beauty shopping into an experience. It offers personalized recommendations, influencer-driven content, virtual try-ons, and honest reviews — making beauty discovery enjoyable and empowering.
The lesson: Don’t sell a product. Craft an experience that your customers want to return to.
2. Price → Exchange
Price used to be about cost — what customers pay to own something. But in the modern marketing world, it’s about value exchange. Consumers now weigh what they give — time, attention, data, loyalty — against what they receive in return.
Spotify is a great example. Its free plan doesn’t charge money, but it earns through ads — you pay with your attention and listening time. The premium plan, on the other hand, allows users to buy peace and uninterrupted listening — a different kind of value.
Similarly, Amazon Prime isn’t just about free delivery. It’s an exchange of loyalty for an ecosystem — fast shipping, movies, music, exclusive deals — all bundled under one price.
The lesson: The modern customer doesn’t ask, “Is it cheap?” They ask, “Is it worth my time, attention, and trust?”
3. Place → Everyplace
The idea of “place” once meant where a product was sold — a store, a counter, or a marketplace. But now, “place” has evolved into everyplace — being wherever the customer is.
Brands today must meet their audience across digital, physical, and hybrid channels.
Think about Domino’s. You can order pizza through its app, website, WhatsApp, Swiggy, or even Alexa. The experience is consistent, fast, and personalized — no matter where you interact.
Or look at H&M, which seamlessly connects its physical stores with its online presence. You can browse looks on Instagram, click “Shop Now,” and pick up your order in-store.
The lesson: Your brand’s presence should travel with your consumer. Don’t make them come to you — go where they are.
4. Promotion → Evangelism
Traditional promotion meant pushing your message out — ads, posters, jingles. Today, it’s about evangelism — inspiring customers to become your storytellers.
The most powerful marketing today is not what brands say about themselves but what customers say about them.
Zomato is a master of this. Its witty push notifications and humorous tweets are shared across social media — people literally do the marketing for them.
Dove took it even further with its Real Beauty campaign, which sparked global conversations about confidence and authenticity. Consumers didn’t just buy Dove soap — they believed in its message and shared it proudly.
The lesson: Advertising tells. Evangelism inspires. Let your customers carry your story forward.
The world of marketing has shifted from being brand-centric to being human-centric. Experience replaces product, exchange replaces price, everyplace replaces place, and evangelism replaces promotion.
Today’s marketers aren’t just sellers — they’re storytellers, experience designers, and community builders.
So, as you craft your next marketing strategy, ask yourself:
“Am I selling a product, or am I creating an experience people will talk about?”
That’s the difference between marketing that sells for a moment and marketing that stays for a lifetime.
