Digital marketing, in simple words, is the effort made by the business to reach its potential customers and clients via the internet in the form of online ads, emails, affiliate marketing, and Influencer marketing. More on this later down the article. In a more technical sense, digital marketing is the use of various types of digital resources by businesses in a way that they can become more efficient in reaching their customers and clients. These digital resources include the use of various databases, information technology, and the information threads associated with our online presence. A good example of this is Google Ads, which display the ads related to our search history.
During the time that our capabilities of digital data processing and data storage rose exponentially, we as a user base on the internet moved from the information era to the era where a customer became “prosumer” – evolved in producing and consuming the product at the same time.
Nowadays, the worth of relevant digital data is more than gold and oil combined. Most of the business decisions and strategies today are data-driven.
1. Reaches where your customers spend most of their time and money
As of the last decade, cheap internet services have been able to reach more and more people, and hence there has been an explosion of online users around the globe. With the growth rate of 1600% from the 2000s to now in 2020, a total of more than4 billion people spend an average of 5 hours a day on the internet in which teenagers spend almost 8 hours a day. Most of this time is spent on social media and online multimedia.
The one thing that hasremained unchanged even with the dawn of the internet age is the fact that the greater number of times the customer sees your product and your company’s presence, the more likely it is that the customer is willing to try and buy your services or products. But that is just one of the traditional mediums to fulfill this criterion.
Today, the only time that a person can see you and your product and services is when you reach them where they are, i.e., the internet.People use the internet in a very peculiar fashion, apart from using it as an information hub, people tend to follow the activity of various other individuals such as famous personalities, TV stars and other on platform-based individuals (Instagram models orYouTubers).
People following these YouTubers and Instagram pages gives rise to the opportunities such as social media marketing, where you expose your brand and products to customers through ads, viral email and social media marketing, in which you personalize your product to match the ongoing trends and expose the product on relevant online platforms, and Influencer marketing, which is getting a social media influencer to showcase and back your product.
For your business to be online is so necessary currentlybecause if the potential customers cannot find your presence at all or do find it but are not impressed, they might not be willing to invest in your product and services. And on the contrary, if you do have an impressive website and engaging ads, then they will indirectly linkthose to your brand and your business commitmentto deliver goods and services with ever-lasting trust andgreater customer satisfaction.
2. Levels the playing field
Starting a business or working for a small enterprise was difficult a few years back. Before the 2000s, the big enterprises invested so heavily on marketing that the smaller businesses and their products and services were overshadowed – not getting many views on the smaller advertisements led to fewer and fewer new businesses.
But with the internet, it has never been easier to reach and find your target audience and potential customers. This helps the small enterprises, as they can reach potential customers fast and more cheaply without being overshadowed. Even the big enterprisestarget their clients by building personalised apps while costing a mere fraction of the big poster cost.
3. Larger Reach
Digital marketing is a blessing that grants us the power to know our clients and their requirements better and enables us to reach much more specific clientele. Earlier, when digital marketing wasn’t unique or even talked about much,businesses had to half guess the client’s requirements and then had to adapt marketing strategy to fit the majority.
But today, with the help of digital marketing, we know who our customers are, what they are seeking, what kind of educational background they have, their past and current profession, their buying behavior, their preferences, and much more individualized information.
Using this data, your business can gain a much greater insight into the customers’ mindset, and with easy accessibility, you can reach more number of customers meeting your criterion on a global scale.
If you are doing digital marketing to reach larger audiences, you cannot ignore social media marketing. Facebook, Instagram, Twitter, Snapchat, LinkedIn, TikTok, YouTube and other social media platforms command viewership in the billions.
4. More Accessibility
Accessibility plays an important role in ensuring that your customers can find you anytime they want from the use of theirfaovourite devices like phones and laptops. If you are not accessible and or are less likely to be found in comparison to your competitors, then that customer is less likely to ever find that you exist.
Investing in a variety of digital marketing strategies, you can focus on your online accessibility through various platforms, e.g., mobile, tablets, PC in both Android and iOS.More accessibility also leads to more competition. Hence you must also know what your competitors are up to, which digital marketing strategies will help you with. However, you can always take the help of experts like Blurn digital marketing agents who know what’s going viral and how to stand uniquely in the crowd online to generate new business opportunities for your firm.
Generally, in this domain, the best strategy is also to invest adequate monetary funds in search engine optimization. This SEO works on keywords and matches the words searched by the people with the words on your website. The position of your website on the search results relies on relevance and your investment in SEO. This can be unfair but also helps customers to connect to businesses that are willing to go the extra mile.
5. Advanced Analytics
In the realm of digital marketing, data is a resource that can be dug and molded to make a construct that can enable you to see deep inside the realities of your product and services. Apart from making yourcompany more responsive to the customers for a variety of help on products and services, you can use the system generated user data to personalize, update, add and remove various functions in your product and services.
E.g., if you find that a certain set of functions are rarely used apart, you can update your software to combine the functions and only give the option to use these functions individually to advanced users. This enables more users to easily use your product and services and makes your product beginner-friendly. Other examples can be using data analytics to optimize your price for most profits, discovering a more accurate estimate of your sales, and much more.
Predictive analytics are used widely today for detailed market strategy, long term value prediction, understanding market acceptability of the product, possible market up scalability of the product, and more.
6. Power of autonomy, personalization, and scalability
The biggest advantage of a digital marketing strategy is its ability to be operational without maintenance. Working round the clock to reach and target consumers, while all the more personalized according to the customers, this has been nothing less than magical.
Digital marketing empowers the customers to find what they want from this vast pool of different products and services, and it has never been easier than now.The sense of scalability, digital marketing provides, has impressed many big businesses and small alike. If you want to showcase your product in your locality, it can be done, if you want to expose your brand nationally, it is possible, if you just want to target a local far from your headquarters, easy.
In essence, digital marketing uses classic strategies that are completely different than just posting ads online or in a newspaper. It can enable you to reach an enormous amount of people anywhere in the world. This type of marketing is more cost-effective and hasa high return on investment. With the ability to judge and target an easy-to-convertpopulation, digital marketing now needs advanced strategies like video content marketing, Technology Write For Us of landing pages, etc., combining the use of data analytics on the go.
Overall, businesses run on revenue and profits, and digital marketing has heaps of advantages to ensure just that. Digital marketing should be the next step for your business, in either case, you being a recognised brand, or even if you are just starting.