Every business minds are working to get maximum benefits from their customers. Therefore customer care is crucial elements of business success. Every interaction with the customers are having opportunities to buildup and strong the customers relations. In the competitive market organizations are heavily working to improve their reputation and increase the likelihood of further sales. Making the maximum benefits marketing and advertising are the strategies applying in the organizations.
The organizational marketing designs are different. Some of the organizations apply traditional marketing tactics through newspapers, billboard, poster, TV, Ratio, Fax, direct mailing, face to face meeting, exhibitions and product sample etc. Some others are doing in modern ways through digital marketing like online marketing and social media marketing. This digital marketing has an ability to interactively communicate with customers through electronic channels, such as the Web, email, smart devices such as phones and tablets, and mobile applications. Nowadays people are very much busy at internet online. It became a part of basic need in their life. The internet online platforms involve not only young generation but also old aged people. Because of this huge audience at online all the day, many organizational marketing and advertising are focused in online marketing media advertising.
In this article, my topic is the “adequate investment in online marketing and in social media advertising is the best ways to attract a larger audience”. There may be many articles and proofs that backing for this say. To find the findings that similar to this topic I explored and searched internet and got an article topic on 12 reasons why digital marketing can help you grow your business, written by an expert
(Gregorio, n.d.), in his company website. His article he
described 12 reasons of online marketing boost the business. He included some
information, tables and charts from a report on Key findings
from U.S. digital marketing spending Survey, 2013 by Gartner, U.S. leading
research and advisory company, established in 1979. Gartner's U.S. Digital
Marketing Spending report is based on a survey of 253 marketers from U.S.-based
companies. Respondents were from six industries, financial services and
insurance, high-tech, manufacturing, media, retail, and healthcare.
Analyse Data in Relation to the Topic
These 12 reasons will show the is not only investment wise decision but also an effective marketing channel that can help to grow the business.
1. Digital marketing levels the online playing field: Digital Marketing actually levels the playing field, providing small and medium enterprises the chance to compete against the big boys and attract their share of targeted traffic. Without a call center, small businesses can engage effectively with multiple customers, even to customers from any parts of the world even if they don’t have physical stores or branches in these locations.
2. Digital marketing is more cost-effective than traditional marketing: Digital Marketing provides a better and much more cost-effective marketing channel that delivers results. Gartner’s highlighted that up to 40% of respondents claimed getting considerable savings by using digital marketing methods of promotion for their products and services. According to the Gartner survey, 28% of business owners surveyed will shift marketing budget allocations from traditional media channels and invest them into digital online marketing tools and techniques. As shown in the chart below that confirms how digital marketers get better Cost-Per-Lead (CPL) compared to other marketing channels.
3. Digital marketing delivers conversion: Businesses marketing products and services online measure success by the percentage rate of incoming traffic gets converted into leads, subscribers or sales, depending on the intended purposes of the website. Without conversion, all your traffic would mean nothing and all your marketing efforts will simply go to waste. That is why business owners are streamlining their digital marketing campaigns towards , making it a top priority above everything else.
There are several tools and techniques that you can use for your digital marketing campaign such as Search Engine Optimization, social media marketing and email marketing. As seen from the chart below these three that generate quick and effective communication and interaction with targeted audiences will deliver better than average results in terms of higher conversion rates.
4. Digital marketing helps generate better revenues: Higher conversion rates generated by effective digital marketing techniques will deliver loads of profitable benefits for you and your business in terms of better and higher revenues.
5. Digital marketing facilitates interaction with targeted audiences: One of the reasons why digital marketing is taking over traditional marketing channels is the ability of Internet marketing tools to interact with targeted audiences in real time.
6. Digital marketing caters to the mobile consumer: Undoubtedly, mobile internet will be the next wave of information dissemination and communication channel, brought about by the rapid proliferation of smartphones, tablets and other internet-enabled devices. These mobile devices have become a central part of American life that in the United States always have their devices within reaching distance.
7. Digital marketing builds brand reputation: The power of digital marketing lies in its ability for attracting targeted traffic. These types of audiences for your content are most likely already ready to know more about your brand, products or services and may be interested enough to purchase what you have to offer.
8. Digital marketing provides better ROI for your marketing investments: With better revenues and better branding, Digital Marketing can provide a better Return of Investments (ROI) than traditional media and marketing channels.
9. Digital marketing earns people’s trust: Digital Marketing rides on the current online trend that focus more on social media signals resulting from direct and more personalized interaction between a brand or business and their targeted audiences. Customers would trust information about a particular brand, product or service if the data comes from people they know.
10. Digital marketing entices people to take favorable action: While social signals and testimonials help earn trust from targeted audiences, Digital Marketing makes use of effective strategies that will entice people to take a favorable action your brand or business intends them to take. or sales is still initiated and under full control by the website visitor.
11. Digital marketing makes you ready for the internet of things: The “Internet of Things” is a global ecosystem of interconnected devices – tablets, smartphones, gadgets, appliances and more – that can interact with each other through the Internet.
12. Digital marketing ensures business survival online: Digital Marketing helps you make use of proven strategies and techniques that attract not necessarily more traffic but that delivers results. Targeting the right kind of people that delivers the right kind of results is what Digital Marketing is all about ensuring survival for your business.
These 12 online marketing and social marketing benefits prove that attracting larger audience to the adequate investments are the best ways. The online marketing and social media advertising are much easier and cost-effective. Digital audience is the largest audience that presence anytime everywhere in the world. Through digital channels the larger audience of customers are bring closer and bridging the gaps between customer and company. The online marketing and social media advertising are also opened for two-way communications. For the reasons I also agreed that the adequate investment in online marketing and social media advertising are the best ways to attract a larger audience.
Gregorio, J. (n.d.). Digital Marketing Philippines. Retrieved September 25, 2019, from Digital Marketing Philippines Web site: https://digitalmarketingphilippines.com/12-reasons-why-digital-marketing-can-help-you-grow-your-business/