Digital Marketing:
The new age technology revolves around the concept of Internet Metropolis. It is based on a digital errand that has been targeted towards marketing strategies based on the use of modern assets. The term “digital” somewhat refers to the amenities in cyber space, more so, it is vitally the conventional approach towards “interactive marketing sessions” using digital means. In fact, more appropriately, it is a modified approach, which initiates the transformation of probable leads into potential customers.
Digital Marketing in itself is a pretty vast and diversified concept. It has an immense potential of positively affecting the rates of sales and lead generation. Owing to various strategies in the sector of digital marketing,
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Well, to answer that question one would have to refer to the exponential use of Internet based services at the given point of time. With an increase in the use of advanced gadgets like cellphones, laptops, desktops and palm-tops as well, the people are somewhere linked to Internet always on the go. Digital Marketing is thus the gateway to the vast network of the World Wide Web, whereby the people will be able to meet ends with customer demands and customer needs.
Inclusive of this Digital Marketing in itself has a lot of advantages and an exemplified pattern of proven results whereby it has seemingly grown popular over the course of time. While conventional methods of marketing prevail, digital marketing is a fast paced mechanism to interact with the leads and transform them into potential audience/customers. Some of the basic reasons as to why one should render digital marketing services can be devised as
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Digital marketing levels the online playing field: Digital Marketing provides for an effective strategy towards enhancing targeted audience ratio for both large-scale businesses and businesses on an incipient level. It provides for an even start whereby using enhanced strategies and personal merit the companies are able to transcend the competition levels in the present market.
2. Digital Marketing is cost effective than traditional marketing: Over the years, yet another major positive has been the fact that digital marketing has been a more cost effective method than the traditional counterparts have. It is a fast paced and economically more viable method than traditional marketing strategies like implication of advertising channels comprising of Yellow Pages, Television, Radio, Newspaper articles and Magazine marketing as well.
3. Digital Marketing delivers conversion: Using personalized strategically enhanced methods of digital marketing, a larger portion of the Internet traffic can be easily addressed. Using various strategies like SEO, SMM or branding, the companies are easily able to amplify their conversion rates. As digital marketing is a fast-paced method, results are evident and therefore a greater portion of the incoming traffic is converted into leads; later into potential
Multichannel system is when companies use one or more than one marketing channels to interact, promote and sale their products to consumers (p.192). It is an effective way because it can reach a wide range of variety consumers. For example, Dicks sporting uses an omnichannel sale approach. Omnichannel marketing, uses multiple channels to “work seamlessly together and match each target customer’s preferred ways of doing business, delivering the right product information and customer service regardless of whether customers are online, in the store, or on the phone” (p.193). Dick’s sporting offers the same experience, whether one buys online, in store or on the phone.
In her essay “Marketing to the Millennials” Suzy Menkes addresses the topic of how old markets should begin marketing their product to millennials. She believes the way to do this is by marketing onto social media and grab their attention through technology. In Suzy’s article she states “Finding a way to reach a generation that is eager to be entertained and informed, yet resistant to the familiar, in-your-face 20th century approach, is the focus of every smart luxury and fashion brand. ”(Page 497)
In her article “Marketing to the Millennials,” Suzan Menkes addresses the subject of marketing to the newer generations, particularly to the millennials. Menkes asserts that by providing new modern ways of marketing to the incoming consumers, a bridge will be created into their wired world, effectively reeling in the new generations. She evaluates that in order to reach every company's goal they must first take a step towards the technological and mobile world. Such a project would involve not only updating the company's websites but as well creating social media network advertisement. While it may be true that recent years have seen an increase in technological uses by the millennials, Menkes assertion that it is the smart minds in the corporate
Also the global aspect that social media offers will replace the conventional way products are advertised. Social media is a great source for companies to use to get a large amount of advertisement to the public in the shortest amount of time. Most organizations have invested in social media departments to stay current on this growing technology. They have also decreased funds to other departments like print and television because of the cost of marketing. The ability for the public to share content instantly to others is the future of marketing.
Digital marketing isn’t simple as many people think. There are numerous cases of these strategies failing for some service providers. Studies reveal that digital strategies fail for some people because they do it for themselves or hiring a young and inexperienced computer marketing Companies. Experienced agencies have experience handling numerous tasks. Additionally, they have hired experienced technicians.
TCii (2011) describes the importance of digital marketing that as the world is moving from analogue towards digital, people are consuming more and more digital content on a daily basis just as increased usage of mobiles, computers at works laptops and other gadgets-the companies who have yet not recognized this in their marketing strategies need to adopt it fast. The pace at which world is focusing on digital marketing it is possible that soon it will eliminate the traditional forms of
However, choosing the appropriate technology is essential to the success of the advertising industry because different markets prefer different ways of conveying information. The use of applications in phones or e-commerce to order goods and services all over the world may be appropriate to a certain market, but media may be appropriate to an illiterate market (Porter, 1998). The development of smart phones is also an added advantage to the development of marketing activities in the advertising industries. For instance, in Singapore China the Taxi industry uses the application in the smart phones to access the consumers. Although the media are one of the appropriate medium to convey the adverts to the consumers,
Data is the key element upon which successful marketing action (research, marketing automation, targeting…) are built. Data grant us the opportunity to plan ahead future behavior of the market which is crucial to create strong customer lifetime value models as well as achieve marketing effectiveness. In addition, Digital Marketing provides valuable sources of data and customer insights that can be used in real time.
Causes According to Amin & Noor (2013), the E-consumers generally refer to the purchaser of goods and services over electronic systems such as Internet and other computer networks. This new group of consumers is increasing in number over the years as on-line shopping become a trend and manifestation of modern life style. Based from the Paynter & Lim (2001), E-commerce would provide consumers with benefits such as interactive communications, fast delivery, and more customization that would only be available for consumers through online shopping. Product information in the Internet is more compact and it ranges from various sites.
Literature Review on “Digital marketing strategy use to influence children” Abstract: This literature review focus on digital marketing, advertising to children and use of digital device. While many new marketing technique are being developed using the internet and digital devices as communication tools, little literature will consider the implications for children in-depth. Partly because the field of digital marketing is growing so rapidly, and partly because children use of the internet is increasing so fast and at the young age, much of the academic literature struggle to keep up with new trend what literature does exist trends to be highly critical, but is not necessarily based on sound search that looks at the real world of children’s
Most people today, own one at least one technological device which could be one of the access platforms that form online channels the company may apply for their digital marketing to achieve profitability and retention of customers. Chaffey and Ellis-Chadwick (2012) state that a digital marketing strategy is constantly needed to provide a sense of direction for an organization’s online marketing activities so that they integrate with its other marketing activities and support its overall business goals. According to Parise et al.
Digital marketing is the marketing of products or services using digital technologies, mainly on the Internet, but also including mobile phones, display advertising, and any other digital medium. Digital marketing 's development since the 1990s and 2000s has changed the way brands and businesses use technology for marketing. As digital platforms are increasingly incorporated into marketing plans and everyday life, and as people use digital devices instead of visiting physical shops, digital marketing campaigns are becoming more prevalent and efficient.
Online Marketing Internet and powerful mobile technologies have rapidly increased company efforts to market their products and services and build customer relationships via websites, social media, e-commerce, mobile apps, online promotions etc. These are very powerful tools, especially to reach the younger generations of tech savvy
In the dynamic nature of the business environment, some firms in some circumstances may be able to achieve sustained competitive advantage, while some firms in some industries achieving only temporary competitive advantage.(Miyamoto 2014). Investments in information technology can allow a business to lock in customers, suppliers and lock out competitors by building valuable new relationships with them. In key activities, the threat is on the digital marketing strategy. The globalisation is creating new market opportunities, which in turn is creating a need for new and innovative marketing strategies to be able to stay competitive.
People can reach nowadays more information about the products and services that they are intending to buy. Consumers can either search for marketer-generated information or the information generated by other consumers. In addition, both consumers and marketers can post visual instruments via the Internet, such as images and videos. On the one hand, this is a great opportunity for marketers to release their products and services in a cost-effective way; and, on the other hand, this gives consumers an opportunity to get visually-supported information which will, in turn, help them to make better decisions. Furthermore, the Internet provides a convenient way for marketers and consumers to communicate with one another.