Whether you’re starting up a new business or you already own one, you need to prioritize digital marketing.Our world is becoming increasingly governed by internet-based technologies and platforms. If you leave your advertising strategies behind, you might miss out on the benefits of the fourth industrial revolution.
The best way to market your business effectively in the digital age is to create a comprehensive digital marketing strategy. This strategy must include captivating, well-designed visual media. Some businesses are reluctant to spend too much money on this, as they consider it risky to invest in digital marketing. However, modern research and new statistics say otherwise.
According to Screwpile Communications, 78% of salespeople using social media perform better than their peers do. ISITWP says that 72% of online marketers surveyed describe content creation as their most effective SEO tactic. Hubspot has found that companies that blog get 55% more web traffic, and that inbound marketing tactics cost businesses 62% less per lead than traditional outbound marketing methods.
The numbers don’t lie.
Clearly, there’s something to be said for properly implemented digital marketing campaigns.
7 Key Reasons to Invest in Your Digital Marketing Strategy
The Internet and Digital Marketing are Growing Rapidly
Statistics show that the average internet user spends in excess of 6 hours a day on the web, and this is expected to increase year by year. Today, the internet outstrips any other media we have available in both popularity and usage statistics. And it’s set to grow exponentially in the future.
Traditional marketing aims to generate visibility and reach. But these factors are compounded with digital marketing. Online marketing channels can reach far broader audiences that may not have been available to marketers and their clients under any other circumstances.
Furthermore, digital methods are more persuasive, more effective, and more cost-effective to deploy. They give businesses full control over how their products and brands are marketed. Plus, they make it easier to gain customer feedback and improve their strategies using real-time data.
Digital Marketing’s Reach is Nearly Unlimited
Geographic locations used to be a major barrier for traditional marketers. It was challenging to access audiences that weren’t based in the same local area as the business being marketed.
The game has changed now.
The internet is available in virtually every corner of the globe, making digital marketing’s reach exponentially wider.
One of the most effective ways to get your brand noticed online is to create marketing media with the potential to go viral.
Skilled digital marketing media professionals can create relevant, targeted, and visually appealing media. This will engage your ideal target audience and foster interest in your brand. Using social media platforms to share this content will also broaden your reach through likes, shares, and comments. As well as through recommendations from followers and industry influencers.
It’s Easier to Target Precise Target Audiences
Traditional marketing methods simply cannot segment audiences to the same degree as digital marketing strategies. There are countless affordable and even free digital tools you can use to your advantage. You can identify your ideal target audience, the websites they frequent, and their demographics and locations. Plus, you can track their likes and dislikes, and other key statistics about them, too.
This enables you to hone in on the people that are most likely to invest in your products and services. From here, you can tailor your marketing efforts specifically for them.
Digital Media Will Enhance Your Brand Identity
One of the biggest advantages of investing in digital marketing is its ability to create a unique and memorable brand identity. This identity will improve your brand recognition among an audience of thousands, or even millions.
The wide variety of digital media available for marketing purposes gives you the freedom to develop innovative new ideas and concepts. All without the constraints of standard marketing methods. Many marketing channels, like Facebook and Instagram, even have built-in tools that enable marketers and businesses to create customized content that will truly resonate with their audiences.
Measuring Impacts is Simpler
Artificial intelligence and big data have made it easier than ever to track the efficacy and impacts of your digital marketing campaigns. You can use tools like Adext AI and Kissmetrics to monitor your campaigns and engagement rates in real time.
They use specialized metrics to judge how effectively your campaigns are engaging your target customers, how often your leads are being converted in your sales, and how far you are to achieving your goal ROI.
Customer Engagement Becomes a Breeze
Learning more about your customers and leads is easy thanks to digital marketing.
The interactive nature of the web has given businesses the chance to obtain a wide range of insights into their target markets and how they interact with their brands. This information helps you to offer customers products, services, and media that they truly want. This will improve engagement and retention rates and sales figures.
Social media platforms provide great, cost effective opportunities for building strong connections with customers and followers. As your followers interact with your brand and express their opinions, likes, dislikes, and concerns, you can use this information to tailor your strategies accordingly.
Setting up a way to interact with customers online, like platforms, forums, online groups or instant messaging services, will enable you to resolve issues and answer their questions in record time. Remember to engage authentically with your customers to ensure that your brand seems human, empathetic, and accessible.
Marketing and Sales Processes Become Faster
Everything that happens on digital platforms happens significantly faster than it does in the real world. Digital marketing’s coverage is instant and free of barriers. This means that negotiations and sales happen significantly quicker in general. Everything from ordering to issuing invoices and confirming sales takes place in a few clicks.
Implementing the right digital marketing strategies for your business will produce results within weeks or even days in most cases. The direct communication with your target audience and partners allows for this.
According to Hubspot, 89% of marketers are actively maintaining or increasing their inbound marketing budgets. It isn’t hard to see why. Businesses that offer engaging digital marketing media and a uniquely designed, user-friendly website are significantly more likely to win new customers online. Especially when compared to those who still use outdated marketing methods.
Drive traffic to your website, nurture leads, and improve your customer engagement, retention and satisfaction rates. Give your business the advantage and develop a voice online that people want to listen to.