Detailing the Growth and Success of Digital Marketing
As shown in the 2008 Australian Digital Marketing Trends Survey facilitated by Next Digital, Australia’s largest full service digital marketing company, digital media is considered a significant opportunity instead of a threat for marketing strategists. More than 200 senior marketers from a wide range of industries, the majority of them from Government or Government agency environments with 100-499 employees, responded to the survey since it was published online in May 2008. Based on that survey, it is foreseen that the number of organizations spending between 25 to 50 percent of their marketing funds on digital promotion will increase by more than 40 percent in the next five years.
Digital marketing is the method of promoting products and services by means of digital distribution channels in a timely, relevant, personal, and cost-effective manner. While the internet is included in the scope of digital marketing, there are also other means like mobile phones, SMS/MMS, display/banner ads, and digital outdoor. Digital marketing covers most, if not all, traditional marketing areas like direct marketing, although executed in a more digital fashion like e-mail. Digital marketing makes a difference because of various reasons:
· Low Starting Point – You don’t have to put in an extensive budget for the initial promotion. There is a good relationship between spend and return, which is possible even without production costs involved. In order to better follow your budget, you can choose the option wherein you only pay when there are results.
· Pay-for-Performance Pricing – You only pay when a user takes on a desired action. This makes it easier for you to figure out what consumer actions you want to prioritize in terms of budget.
· Produces Relevant User Data – Marketing is about interaction between you and the consumer. Your strategy would prove to be more effective if you will be able to keep track of the most relevant consumer data including and not limited to their opinions, views, and feedback.
· Easy and Flexible Channel Use – You are not just limited to the internet. You can also advertise via mobile phones and other digital devices. You also get to coordinate and combine various channels.
· Keeps You Ahead in Competition – Many digital marketing techniques are relatively new and your competitors are possibly oblivious to them, giving you a head start in the marketing race.
Because of the fact that digital marketing makes numerous different channels available to you, there are many tactics that are low-cost, reliable, and uncomplicated:
· Electronic Direct Mail – A straightforward and cheap method of promoting, it becomes more effective if you include the click-to-call and click-to-register functionality. To save time, you don’t need to e-mail to a long list of potentials. You can handpick users who are most likely to be converted into customers. When you resort to the direct e-mail campaign, it would be advisable to design a user-friendly and attractive layout.
· Restructure your search keywords – Less common words are cheaper. Just make sure that there’s a healthy ratio of SEM and SEO; and that the search terms you bought are not already available to you.
· Drive-to-Sales Promotion – E-mail is not the only way to spread drive-to-sales offers. Digital coupons and such could also be sent via mobile phones.
· Take Advantage of Video Distribution Sites – YouTube, Google Video, and Yahoo Video are among the top video distribution sites and millions of people visit these sites everyday so posting videos there would be good exposure at minimum cost.
· Internet Microstars – The number of influential and well-known bloggers is steadily increasing. Establishing a good relationship with them will contribute greatly to the promotion of your products and services.
· Affiliate Marketing – Ask another advertiser to promote your company on their website and pay them an agreed amount per lead.
· Cooperate with Brand-relevant Partners – Combining your resources for promotion activities will provide you a more sizeable budget and most likely more potential customers.
· The Rage of Widgets – Designing a good widget would not require much time and effort. At the same time, it would add strength to the connection between you and the consumer. While the rest of your competitors just use attractive banners to steal attention, you could use a widget that would encourage the consumer to view it regularly for its various functions related to your brand.
· Promote in social networking sites – Many companies advertise their products and services on the more well-known social networking sites like Multiply, Facebook, etc. Many music artists also create accounts in MySpace to update their fans about their latest activities and share their sample music.
After familiarizing yourself with the various methods of digital marketing, it is time to take the next step and that is to ensure the effectiveness of your methods:
· Assess your website – It is important for your site to rate high on usability. Others might consider this a simple and negligible step but it’s actually crucial.
· Optimize media content – The media content must be the most suitable and intense reflection of your brand.
· Pre-test your website according to your target users’ preferences – Now that you have the generated relevant consumer data, you can utilize it by determining their usage patterns to make your website more effective.
· Size up your competition – In order to remain ahead, you must know the tactics of your rivals and beat them at their own game when the opportunity presents itself.
The times have changed. One must keep up with the ever-changing trends of information production, distribution, and consumption. While many traditional marketing methods still qualify in effectiveness, it would be a grave mistake to discount digital marketing. Choosing digital marketing does not mean you have to completely set aside the most effective traditional marketing methods. It is possible to combine both if your budget, schedule, and resources cooperate with you. The point is never to cease finding new and better ways to reach your customers.
Somni Creative, Inc., rich media marketing professionals from Los Angeles, California, specialize in providing digital marketing services. Call us at (310) 6973199 or visit www.somnicreative.com.
References:
Marketing Mag - New Survey Confirms the Importance of Digital to Marketers
Digital in a Downturn: Smart Strategies for Tough Times
Top 10 Video Distribution Sites for Producers
Online Marketing Blog - Should Marketers Shift Offline Budgets to Digital Marketing?
Online Marketing Blog - Direct Marketing vs. Social Media Marketing