With the increasing number of mobile and PC users who are constantly online, you can say without a shadow of a doubt that digital marketing is the future of advertising and marketing. Gone are the days when the scope of ad campaigns was limited to television, radio and newspapers. Even if these mediums still provide a scope for your marketing plans, they are facing a steady decline while digital marketing continues to push forward at an incredible rate.
As technology evolves at a fast pace, small and medium-sized business are trying with all of their might to survive in today’s online market space. Brick-and-mortar businesses are either changing their business model to make themselves compatible with the online marketplace or they are putting tremendous efforts to integrate digital marketing strategies into their existing ones, all in an effort to get a slice of the ever growing and profitable online market.
Here are some good reasons why investing in digital marketing is an effective marketing channel required for the growth of a business:
Equal opportunity for everyone
Digital marketing provides both small and medium businesses equal opportunity to compete and capture their share of a targeted audience. It has provided small businesses the resources to execute sales and marketing processes that were previously not available to them.
More affordable than traditional marketing
Digital marketing provides a more affordable marketing channel compared to traditional marketing, enabling them save on expenses. As a result, many businesses are working on reallocating their marketing fund with more emphasis toward digital marketing tools and techniques.
Tools like Google Analytics provide you relevant data, enabling you to evaluate the performance of your marketing efforts. By doing so, you will be able to improve your efforts continually to get that needed edge over your competitors. More so, with the help of digital marketing tools and techniques such as search engine optimization (SEO), social media marketing (SMM) and e-mail marketing, you can interact with your target audience in a quick and effective manner, thereby resulting to higher conversions.
Generates Better Revenue
With the use of effective digital marketing techniques, you can increase the revenue growth expectancy of your business by generating higher conversion rates and delivering profitable benefits. The use of digital marketing techniques and tools also enhances the chances of expanding the workforce of a small business.
Facilitates interaction with targeted audience
By targeting specific groups of audiences, you can increase the effectiveness of your business. Interacting with your customers through proper engagement points can give you an insight of what your targeted audiences want. Not only will this help achieve increased customer satisfaction and experience but it will also help you retain your customers.
In terms of aesthetic appeal and functionality, digital content is far superior over its traditional counterparts. You have numerous additional features to enhance user experience exponentially, providing an endless number of possibilities for marketing campaigns and increasing your brand’s global presence.
Covers mobile consumers as well
Mobile devices that used to be nothing more than a mere alternative for laptops and computers now play a huge role in influencing the purchasing decision. People always have their mobile devices within reach. An effective marketing campaign targetting mobile consumers will help your business grow more quickly.
Earn credibility through social media channels
Digital marketing leverages social media signals such as experiences shared by consumers who have used a particular product or service. Studies shows that majority of the people would trust information about a particular brand or a product if it comes from people they know.
Tempt people to take favorable actions
Digital marketers can make use of appealing and creative means to entice conversion using call-to-action, a feature that specifies what a Web visitor should do next. Digital marketing offers a number of great techniques to generate favorable action.
Prepares you for the ‘Internet of Things’
Internet of Things (IOT) is the inter-networking of all physical devices like phones, tablets, PCs and appliances that can interact with each other through the Internet. For your business to survive in the era of IoT, you have to introduce your business to this interconnected grid. Hence, it will allow you to reach out to specific target audiences belonging to that online grid.
Ensure survival of your business online
The survival of your business is not determined by the number of visitors, but by the number of conversions from those visitors. Digital marketing allows you to use proven strategies and techniques to attract highly targeted traffic that delivers results.
Digital marketing is all about targeting the right kind of people in order to achieve the right kind of result, ensuring survival of a business.
by Sid Garg