5 Types of Digital Marketing

Published on: 04 March 2019 Last Updated on: 09 August 2019

Marketing is an ever-changing aspect of a business. In the past decade, we’ve seen how modern technology has completely revolutionized the way businesses promote and sell their products and services.

In fact, a 2013 study conducted by Adobe noted that 76 percent of people think that marketing has changed more in the past two years than it did the entire 50 years before. This is even more pronounced today as the Internet becomes more pervasive.

Indeed, the Internet is a game-changing technology with a tremendous impact on modern marketing. Alongside its ubiquity is the rise of online marketing, which many consider having replaced traditional marketing channels, such as TV, radio, and print ads. More and more businesses now adopt this form of marketing. Statista projected that global spending on digital marketing would reach 306 billion dollars in 2020 and account for the majority of marketing efforts.

But while digital marketing has enabled businesses to reach their target audience more readily, the rapidly changing technology and marketing trends have brought in some confusion, especially for businesses that are not well-versed with online marketing.

Today, there are numerous digital marketing trends available to marketers and brands. Each of these methods has its unique uses, as well as, pros and cons. For many businesses, deciding on which digital marketing strategy to take is not easy.

To help you choose the best direction, an expert from a digital marketing agency, Warroom Inc., explains to us the top five time-proven and tested digital marketing types.

Email Marketing:

Email marketing is a time-tested type of online marketing. This has been around far longer than other digital marketing techniques. While there have been many changes in the way this campaign is done, it remains very useful.

With this strategy, marketers have full control of the message. Email marketing is different from the regular emails you send to a boss or a friend. Marketers use available data regarding a user to come up with carefully crafted and targeted messages based on the recipient’s position in the sales funnel. These emails can range from informational email to product update email to welcome email and many other types.

Email marketing not only gets your message across. You can also gather relevant information about your target audience through emails. With this data, you can come up with a more calibrated and more successful marketing campaigns.

Content Marketing:

Content marketing is considered the foundation of all other types of digital marketing. With content marketing, you need to regularly produce relevant and interesting contents such as social media posts, videos, articles, blogs, and other creative. Quality content is crucial in bringing across your message and keeping your audience engaged.

Content marketing is a tricky endeavor. There are a lot of things to consider such as grammar and spelling, effective use of keywords, proper messaging, use of graphics, persuasiveness, etc. Keeping the content relevant, unique and fresh is also crucial in a successful content marketing campaign.

Social Media Marketing:

According to the 2018 Global Digital suite of reports from We Are Social and Hootsuite, there are 3 billion social media users worldwide. This makes social media a very effective platform for advertising and promoting your brand to consumers. Since users are hooked to social media sites such as Facebook, Instagram, and Twitter on a 24/7 basis, it makes it a perfect place to market and sell your products and services.

Aside from the millions of users connected to social networking sites, it is also a cost-effective digital marketing strategy, especially when you’re able to hit the right buttons. The proper use of social media marketing techniques can help ensure that you’re reaching the right audience and get them to use your brand.

Search Engine Optimization (SEO) Marketing:

SEO Marketing is an essential marketing tool that every business needs. The goal of this marketing campaign is to increase your website’s visibility by placing it on top of search engines, such as Google and Bing. For example, if a user is looking for a dog grooming kit, you want to place your brand on the first page of Google’s result. You need to know what customers are searching for (keyword research) and optimizing your website around those keywords (keyword optimization). This helps boost traffic to your site.

Link Building:

Among the earliest digital marketing trends, link building can help increase the number and quality of inbound links to your website. This can help improve page views and visits, and ultimately, website or webpage ranking. If you want your product to be easily searchable in search engines, then you need to implement link building strategies.

These are just five of the many types of digital marketing out there. Each of these techniques has its own uses that can help you promote and advertise your business.

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Essentials For Digital Marketing

If you’re starting your own business in digital marketing; congratulations! Digital marketing is in and has a lot of potential in the job market. It is very lucrative for young entrepreneurs who are changing the way the world looks are business. There is a vast number of digital marketing jobs and career opportunities in the future. Having been born into an era of technology, Generation Z has a natural affinity toward technology and computers. It doesn’t hurt to be equipped with the knowledge and even though you may have talent, it is important to enhance it with learned skills. Now, apart from talent what do you need to have a successful digital marketing business? Read on to know more. Know your target audience: For any marketing strategy, it is very important to know who you’re targeting. You have to segregate consumers according to their economic status, age, sex, and location. A local company targeting another city won’t get much business so it’s of no use. Besides the digital market is not exactly cheap so you have to narrow down your options to the demographics that will get you the most business. Teenagers won’t buy diapers, and a strategy that is targeting this age group will fail. If you are a digital marketing firm or a single entrepreneur, ensure that you thoroughly study the market as well as the client product and service. You need to have thorough knowledge to be able to empathize with consumers Decide location: After setting the demographics, analyze the locations where the advertisements may be relevant. Some products can be shipped across cities. In such cases, you can target any location that has not been targeted by your competitors yet. Unless you’ve got great content and a great marketing team, play safe with the location. A lot of investment goes into digital marketing and unless you’ve got money to burn don’t experiment recklessly. If your client ships the product across cities, you may still have to decide a relevant area to start targeting. An untapped market is always the best choice and you can market aggressively if you have the budget. Decide content for marketing: The consumer is king! For a digital marketer, content is king. With the right content and action words, you can sell any deal. Now, how do you decide what kind of content to add? It depends on the demographics. You will market brands, products, and services differently. Each of these has different methods of campaigning and so is the content. Brand marketing is different because here you’re establishing trust. You’ll target the audience with content that tells them why they should choose you. Products and services will have descriptive campaigns where you explain why the audience should spend their money on you. You can pitch the brand to a bigger audience whereas products and services will have a limited relevant audience only. Allocate budget: The next most important thing is budgeting. Now that you’ve decided upon the content and the demographics, you now need to identify the resources that will go into marketing. Do you have enough to do everything that you’ve planned? Allocate budget to each campaign according to their utility. Each campaign needs to be developed according to the content and budget available. Bear Newman from bearfoxmarketing.com says that spending more time and money on marketing will make a business more successful. Take cognizance of the platforms you’re advertising on. Platforms like Google and Facebook cost more than organic SEO practices. Which niche of digital marketing are you an expert at? Only stick to that and optimize marketing. Do competitor analysis: A very important component of digital marketing is competitor analysis. Unless you know what your competitors are up to you will not be able to build a good strategy. A good digital marketing strategy is one where you outsmart your competitors or target an area where you don’t have much competition. Analyzing the strategies that your competitors make use of is a brilliant idea. Fortunately, this is easy now because everything is visible online and you have tools that can measure competitor growth. Doing this is very important even if you are not running active campaigns to keep abreast of the trends in the industry. Analyze how they place their content and the catchy slogans they use. Remember you can learn a lot from others’ experiences too. This will give you an idea of what works and what doesn’t in the world of digital marketing. As interesting as digital marketing is, the gruel is just as much. If you want to be good at what you do, choose your information sources carefully and go through case studies for the best results. Read Also: Should You Hire A Digital Marketing Agency? Why Every Business Needs Digital Marketing Four Things Marketing And Public Relations Firms Want To Tell You

How ToEmpower Your Small Business through Digital Marketing?

Ten years ago, if any small business wanted to promote itself, chances are that there were not many credible platforms around. Credible in terms of affordability and ensuring definite ROIs. For small businesses with low budgets, competing with big brands and Above The Line (ATL) advertising, was simply not possible. However, in the past few years, the surge of the digital revolution meant that small businesses could make their presence felt in this world. As digital becomes a part of human existence, digital marketing has emerged as a reasonable, definite and direct marketing tool to help small brands. From a brand website to Social Media Marketing, small brands have embraced the digital revolution wholeheartedly. This has helped them- Drive traffic to their website Make more sales conversions Increase their revenues Build an online community Reach out to newer consumers In this article, we look at the top 3 digital marketing strategies that are being used by small brands to help them grow their businesses. 1. Brand Website: Let us start with the foundation of digital marketing. A brand website is like an online address for your brand. In many ways, it is similar to the physical store that the brand may or may not have. By being on Google search, every brand improves its chances of being discovered. This helps more and more people know about the brand. By climbing the search pages, small brands vie for more clicks and revenues. This also opens up different avenues of growing businesses. Like an e-commerce store, Google AdSense revenues, collaborations, and other sources. A brand website is a first and foremost thing that a small brand should invest in. It does not require huge investments or technical know-how. By outlining your major products and services, small brands can attract a huge consumer base. 2. Social Media Marketing: When social media burst onto the scene, no one had expected it to have such a great impact on human civilization. As human beings spend more time on social media than on any other life activity (apart from work or sleep), small brands have flocked to the medium aggressively. The most attractive proposition that drives social media is good content. In addition, the medium is free, unless you want to promote yourself in a paid fashion. By maintaining social media presence, brands have been able to reach out to newer audiences and build engagements and communities. From Facebook to Instagram, from Snapchat to Pinterest, small brands are competing aggressively with big brands. When it comes to social media, great content and strategy take priority over outright infusion of money. You can learn more here about ways of using digital marketing for social effectively. 3. Google My Business (GMB): Like social media, Google My Business has helped small brands integrate their online-offline presence. In other words, GMB helps local businesses find audiences by linking them to local populations and geographical locations. For example, if anyone Google’s ‘Cake Shop’, Google located the person’s GPS and shows him the nearest cake shops in the area. If a small cake shop maintains its GMB page and is active on it, GMB will show that establishment right at the top. This is one of the best digital platforms for small brands to maintain their online presence. Not only is GMB free, but it is also very credible and effective. All small brands need to do is maintain a thriving GMB profile. Conclusion Gone are those days when hoarding, billboards and TV primetime were the only ways of reaching audiences. The digital transformation has made digital marketing a potent force for small brands to excel. By maintaining an online presence, small brands can transform their businesses completely. Read Also: What Is The Future Of Digital Marketing In Regards To Shaping Up Small And Large Businesses? 5 Types Of Digital Marketing Exploring The Different Types Of Digital Marketing Strategies

Retailing and marketing channel management: A key marketing mix element

Question: Which marketing mix element deals specifically with retailing and marketing channel management? Correct Answer: Place Which marketing mix element deals specifically with retailing and marketing channel management? Actually, marketers don’t promote; they demonstrate the worth they offer to the customers. The term marketing mix is a foundation model for businesses, historically centered around promotion, place, price, and product. The marketing mix helps you to know the marketing elements for prosperous positioning your store offer. Besides, price is involved in the capture of value in the marketing exchange. The right arrangement of marketing mix by marketing managers plays a vital role in the success of a firm. There are many companies that consider marketing mix as a set of strategies and actions in order to promote their goods and services. Which Marketing Mix Element Deals Specifically With Retailing And Marketing Channel Management? The answer to the question “which marketing mix element deals specifically with retailing and marketing channel management?” is place. This marketing mix is concerned with the channel that is used to deliver goods and services to the customers. Keep in mind; marketing mix is a combination of 4Ps i.e., Place, Promotion, Product, and Price. Each of these factors has different objectives and significance. You can also consider marketing mix as the set of marketing tools that a company utilizes to pursue its marketing goals. You need to understand that place is a vital factor because signifies where marketing takes place and which path customer uses to deliver goods and services to them. Four Elements Of Marketing Mix That You Should Know As already discussed above, the 4Ps of the marketing mix are the key elements that include in the advertisement of a product or service. Product, Place, Price, and Promotion are restrained by internal and external factors in the overall business environment, and they interact with one another. A lot of hard work requires in finding out what customer actually wishes and recognizing where they do their shopping. One of the best places to start is the marketing mix when you are thinking through your plans for a service or a product. Now, let’s discuss the top four elements of the marketing mix that you should know in 2021. 1. Promotion Promotion includes promotional strategy, public relations, and advertising. The objective of promoting a product is to talk to customers and know what they actually need. At the same time, they should pay a certain amount for it. On the other hand, you must know how do your competitors promote their products and what are strategies they implement to target the audience. There is always the best time to promote your goods and services and this is a vital element for a successful business. 2. Place Every marketing firm makes a decision for the place where they will sell their product and deliver the same to the market. Actually, the place is important because this is where buyers look for your product or service. Marketing of goods can be done anywhere: online and offline. In many situations, placement may refer to the act of including goods on web pages, films, television shows, etc. Therefore, this is the reason why the place is important in the marketing mix. This is the element that deals specifically with retailing and marketing channel management. 3. Price Price is the cost consumers pay for goods. Marketers must link the price of the goods in real and must also include supply costs. They may also raise the cost to make the product look more luxurious. Keep in mind, a small gain or decrease in price can affect your market share to a great extent. However, you can offer some seasonal discounts to your customers and increase your conversions. 4. Product Product refers to goods and services that a firm offers to customers. As a part of the marketing industry, you need to understand the lifecycle of a product and must include a strategy that takes your business to the next level of success. At the same time, make sure that you offer genuine products to your customers so that you can increase the loyalty of your customers as well as conversions. The type of product determines where should the owner promote his products and how he can target his customers to buy the same. The Final Thoughts A place is an answer to your question “Which marketing mix element deals specifically with retailing and marketing channel management?” The above-described information highlights the reason for this and if you have any queries, mention them below in the comment section. Read Also: How to Get More Traffic to Your Amazon Listings Is Clothing/Shoe/Accessory Stores A Good Career Path [2021 Updated] Five Ways to Help Your Trade Show Booth Stand Out From the Crowd