Not on our word alone, though! Statistics and trends in the industry demonstrate that digital marketing is effective for businesses of all sizes. To increase your brand’s visibility, reach, and conversion rates in 2017, digital marketing is an absolute necessity. Before proceeding, The Difference between Digital and Analog at the difference.wiki.
· One Trend in the 21st Century Consumer Market Is the Increased Use of Digital Media
When doing their homework and ultimately making a purchase, today’s consumers increasingly choose digital options. In terms of consumer research, search engines like Google continue to dominate. Consumers use search engines to learn more about a company or product, whether they are just starting out on their trip or are ready to make a purchase.
Companies need their products to come up in customers’ online searches so they may interact with them and hopefully sway their purchasing decisions.
Consumers today use a variety of resources to help them make educated purchasing decisions, and search is only one of them.
According to Blue Nile Research, 79% and 82% of shoppers conduct research online before purchasing by consulting various sources like search engines, manufacturer websites, and other shoppers’ reviews. In the range of 14%-25% of consumers said they look to social media, mobile devices, and blogs to learn about new services, goods, and manufacturers.
Together, these strategies for promoting your business online will get the word out to people who are actively looking for what you offer.
You might be missing out on a chance to connect with these consumers if you choose not to implement these digital marketing methods.
Digital marketing strategies will become increasingly vital as a growing number of shoppers include their mobile devices into the decision-making process.
The goal of marketing should be to provide content to the consumer at the precise moment of need, such as when they are browsing for a nearby Italian restaurant on the bus or looking into replacing their broken vacuum cleaner. If you want to reach customers who are actively looking for items or services like yours, internet marketing is a great option.
· You Won’t Break the Bank with Digital Marketing Techniques
Massive businesses with big marketing expenditures nevertheless need to watch every cent they spend. One of the best things about digital marketing is that it may use cheap but highly efficient strategies. Email, social media, and SEO-driven content marketing allow businesses to reach customers at a fraction of the expense of traditional marketing channels like print ads, radio commercials, and television commercials.
As an added bonus, many times the return on investment (ROI) for digital marketing methods is larger than the initial cost to the business owner. In fact, content marketing can save businesses up to three times as much money as more conventional approaches.
Marketers who regularly post helpful blog articles are 13 times more likely to get a return on their efforts. Digital marketing in general, and content marketing in particular, may be done on a budget and with great success. In general, using digital marketing strategies can improve ROI.
Business owners and marketers may get the most out of their advertising dollars by putting their money into low-cost strategies that yield a strong return on investment. Using more cost-effective digital marketing strategies for some campaigns can help business owners save money for others, which can then be put toward more costly methods of promotion.
Last but not least, these low-cost yet highly efficient digital marketing tactics allow companies to maximize the return on investment associated with their advertising dollars.
· Digital Marketing Are Simple To Track and Analyze
This is why it is so important for the modern marketer to have access to analytics that measure the performance of their campaigns. By doing so, companies can assess the efficacy of their various advertising strategies. Having this data at hand allows businesses to not only gauge ROI more precisely, but also spot weak spots and seek to address them in future efforts. This is because digital marketing removes all of the guesswork from gauging the performance of a marketing campaign.
Marketers and business owners can benefit greatly from digital marketing because of the abundance of actionable campaign data at their disposal. Business owners and marketers may easily test out alternative ad material with the help of digital marketing analytics tools and software.
Digital marketing analytics tools let you monitor how your campaigns are functioning in real-time, so you can make adjustments to your campaigns on the fly, whereas traditional marketing methods need you to wait until the campaign has run its course before evaluating its success or failure.
To sum up, businesses can make better use of their advertising budgets when they can manage and monitor the results of their digital marketing campaigns. Having access to analytics in real time allows you to make adjustments to your campaigns in real time, preventing you from wasting money on inefficient strategies. In addition, by evaluating these data on a regular basis, you may try to maximize your marketing budget by giving more resources to the strategies that produce the best results.
· Using Digital Marketing, Your Company May Give Customers a More Personal and Engaging Interaction with Their Brand
Businesses can offer a more customized experience for their customers by using digital marketing channels, such as interactive video commercials and specialized product suggestions. Watching videos online has rapidly become commonplace for many people. Indeed, Cisco forecasts that by 2019, video will account for 85% of all U.S. internet traffic and 80% of global internet traffic. This is a fantastic chance for brands to interact with their demographic. Using web video, businesses can reach out to consumers wherever they may be and inform, entertain, and engage their ideal customers.
Product suggestions are the most effective method of personalisation for increasing the likelihood of a consumer buying again, as well as for upselling and cross-selling existing customers. 56% of customers say they are more inclined to make a purchase from a brand that offers them a unique shopping experience.
Utilizing the plethora of user data available through digital marketing, businesses may tailor their suggestions in response to individual customers’ preferences and habits. The present clientele can be reached via email and social media marketing, and suggestions can be tailored to their interests and previous purchases.
In addition, digital marketing lets you reconnect with site visitors who have abandoned their shopping carts without completing their purchases. Increase your sales with social media retargeting by showing them what they abandoned or reminding them why they love your company. Customers who haven’t completed a transaction can be enticed to do so in the future through the re-serving of tailored ad material.
· You May Participate In the Dialogue Surrounding Your Organization by Using Digital Marketing Methods
Using social media to promote your business is a well-liked strategy in the digital marketing world. Social media has established itself as a permanent part of our culture over the past few years, and it’s no longer restricted to the young. Approximately two-thirds (68%) of all Americans and 79% of all internet users in the United States have Facebook profiles, according to studies. According to these numbers, firms who want to engage their demographic and spark a discussion on social media have a golden chance at their fingertips.
In addition to being regular users, customers are also regularly swayed by the content they see on social media platforms.
Over ninety-three percent of consumers say social media has an impact on their purchasing decisions, says Ironpaper. This demonstrates the influence that social media can have on people’s decisions to make a purchase. Consumers’ involvement with a product or service before to purchase can have a significant impact on their final decision, whether they are reading reviews on Facebook or consulting with friends and family for recommendations.
Employing social media marketing helps companies take part in online discussions pertaining to their products or services. Brands can strengthen relationships with existing consumers and generate new leads through constant involvement and the sharing of relevant information. Brands may enhance their customer service procedures, which in turn improves their overall online reputation, by responding to queries and complaints raised by consumers on social media.
· Digital Marketing Allows For Instantaneous Reactions to Emerging Trends
By utilizing digital marketing strategies, businesses can instantly react to consumer demand. In this way, your company can capitalize on customers’ reactions to timely matters, popular trends, and cutting-edge technological innovations.
Staying ahead of the competition is easier than ever with the help of digital marketing, whether your brand is reaching out to customers through cutting-edge technologies, participating in online discussions about trending topics, or utilizing the most popular platforms to deliver targeted advertising content. By capitalizing on the latest trends, companies may boost their online profile and gain access to a wider audience.
Sharing informative and engaging material on trending topics in your sector via digital marketing channels like social media and blogs is one good example. There will always be shifting tastes in your industry, no matter what it is that your company sells. By joining the conversation or distributing customized information that addresses the current issues of your target consumers, you may react to these trends in real time using digital marketing. Forge deeper connections with consumers and cement your company’s position as a market innovator using this strategy.
Digital marketing’s real-time nature lets you adapt rapidly to shifting consumer preferences. Traditional marketing materials take time to create and disseminate, while digital marketing strategies bear fruit more swiftly. If you have an urgent message to get out to your consumers and leads, you may use SMS marketing to get the word out to them instantly, or you can work to generate and publish blog or social media material within the hour.
· You May Expand Your Company’s Sphere Of Influence Greatly
It’s true that tried-and-true advertising methods can successfully reach your desired demographic. Advertisements on the radio and television, for instance, can be highly effective when directed on a specific geographic region. Advertisements in newspapers and magazines also reach a highly targeted audience because of their widespread distribution.
If you want to expand your reach beyond these specific demographics or reach new demographics anywhere in the country or the world, digital marketing is the way to go.
People in the United States are online right now looking for answers to their most pressing concerns, and many of them are researching products and services online. Instead than focusing on a small geographical area or a specific publication’s readership, why not try to reach out to people all across the country? You may utilize the internet and other digital marketing techniques to reach a far wider audience if your business offers a product or service that could benefit them.
Furthermore, there are now more ways than ever to specifically target your audience using digital marketing. In conventional advertising, you might buy ad space in a magazine whose readers are likely to be interested in your product or service.
This is a fantastic strategy for raising awareness and establishing credibility in your intended audience. There is, however, a significant possibility that not all of your target demographic’s consumers will be exposed to this publication. Here’s where the role of digital marketing comes in.
You can get your message out to more people in your target market when you use digital marketing. You can contact consumers who may have missed your initial ad or who require additional engagement before making a purchase with targeted blog material, applicable social media channels, and search engine marketing.
· Brand-Customer Ties Can Be Strengthened With the Help of Digital Marketing
Improved client relationships are another another benefit of digital marketing that has made it indispensable for most contemporary firms.
In contrast to the one-way communication typical of traditional marketing, digital marketing facilitates two-way contact in real time between the business and the customer. Because of this, businesses are better able to quickly respond to their customers’ inquiries and concerns, thereby strengthening their connections with their target demographic through meaningful interaction.
Using social media to strengthen connections with clients is a wonderful move. The advent of social media sites like Facebook and Twitter has made it easier than ever for businesses to connect with their target audiences and genuinely engage them in conversation.
Many customers today prefer to reach out to companies via social media when they have queries or concerns. Companies can swiftly address these queries and issues thanks to the real-time nature of social media. By facilitating more effective communication with customers, social media can boost satisfaction levels and, in turn, increase sales and word-of-mouth advertising.
By fostering more two-way communication between brands and consumers, digital marketing strategies like social media can help strengthen existing customer relationships and develop new ones. Companies can learn more about the wants and needs of customers and prospects by encouraging interaction on the brand’s website, blog, and social media profiles. If companies take the time to learn about the problems their customers face, they may provide more effective solutions. Relationships with customers are strengthened, and total sales are boosted as a result.
· Traditional Print Advertising Complements Digital Marketing Strategies Well
Many businesses wrongly believe that they must permanently abandon traditional advertising methods if they begin utilizing digital channels. However, combining the two can give you “the best of both worlds” in terms of drawing in and keeping clients’ attention. The key to having success with an integrated marketing strategy is to take use of the benefits of each individual marketing strategy.
To increase the impact of their advertising campaigns, many popular firms of today combine tried-and-true methods like print ads with cutting-edge strategies like social media. Broad-reaching and effective, traditional marketing channels like print and broadcast media are proven to increase brand awareness and customer recall.
While several forms of digital marketing, such as social networking, blogging, and search engine optimization, can help you reach your audience with more relevant and useful information, the opposite is also true. Furthermore, certain sectors of the population respond differently to various marketing strategies. Although each method stands on its own, combining them can yield a comprehensive marketing plan that leaves no stone unturned.
· Your Rivals Are Already Engaging In It
It is crucial to be on par with the competition in your field if you want to maintain your position as a serious player. And it’s likely that many of them are already employing digital marketing methods to attract potential customers, keep existing ones interested, and sway purchase decisions.
Content Marketing Institute reports that 88% of B2B marketers and 76% of B2C marketers are utilizing content marketing methods like blogging to connect with their audiences. Consumers have grown to anticipate this level of digital involvement from the brands they buy from because the vast majority of brands now reach and engage consumers through digital marketing.
Modern organizations are employing paid digital marketing methods to reach their ideal clients online in addition to generating organic or unpaid traffic.
Sixty-six percent of B2B marketers surveyed said they employed SEM, making it the most popular paid marketing strategy for B2B companies. Sixty-four percent of business-to-consumer marketers agree that SEM is the most productive paid-advertising strategy. Paid channels, such as search and social media ads, are clearly as crucial to a brand’s digital marketing strategy as those targeted at generating organic traffic.
Companies are investing more and more resources into digital marketing in order to reach their target demographic. E-2016 Marketer’s estimates project that digital advertising spending would rise to $23 billion by 2020, up from $11 billion in 2016.
Online advertising has proven to be a long-term trend. There’s a significant possibility your business will be left in the dust if you don’t make an effort to incorporate digital marketing strategies into your entire marketing strategy.