Wednesday, 1 October 2014

Digital Marketing Strategy


With the development of internet, digital marketing becomes more and more popular. It is embodied through electronic devices such as tablets, laptops, smartphones, game consoles and personal PCs.  The channels used to transmit messages are: websites, emails, applications, videos, blogs, search engines and social networks. Digital marketing strategies are very similar to general marketing strategies (the combination of all marketing goals into one master plan usually to promote a service or product). The only difference between the two is the way the message is delivered to the consumer.

Digital marketing became increasingly important with the development of the worldwide web. It started in the late 90s and became even more sophisticated in 2010, and since then has become a powerful marketing tool. First there were only banners and ads that could be read or viewed, but there was no interaction, so they could not be shared on the web. After the birth of Google and the development of its search engine, marketers started using it as another promotional tool. Later on, “cookies” were developed and that allowed marketers the ability to analyze users’ browsing habits. In 2004, sites such as Facebook and LinkedIn were created, allowing users to interact and share all kinds of information. Advertising and marketing became even more important as a result.

There are a few important aspects and advantages of digital marketing strategies:

-          Reduces cost of advertisement. Even small businesses can afford to use digital marketing and it is much cheaper than when posting advertisements in traditional media such as The Yellow Pages, radio or TV.

-          Simple to measure. With the help of programs such as Google analytics, it is possible now to measure traffic on websites. It is possible to see how many people open and read emails and converting from them.

-          Brand development. Well maintained sites will add a lot to a firm’s brand development. Additionally, it shares information with consumers about new products, promotions and sales.

-          Instant. With the help of the internet, it is possible to spread flyers and prospects instantly.

-          Engagement. The interactive nature of the internet allows consumers to not only receive information, but they can answer back, post their opinions or discuss products with each other.

 

Unfortunately, there are a few disadvantages that make digital marketing less desirable compare to more conventional methods:

-          Slow internet connections due to heavy traffic to a website can cause slower downloading speeds.

-          It is impossible to test merchandise, and waiting on a delivery is a downside to some consumers.

-          On line payment is not hundred percent trusted yet; some consumers are hesitant to give their credit card information electronically.

 

In spite of these disadvantages, with the increasingly complex development of the web and the development of more sophisticated security features, the popularity of digital marketing will rise even more. In the future, it is very possible that majority of retailers will exclusively deal with online purchases. Every year, fewer and fewer people watch TV and read newspapers. Consumers are spending more and more time online, therefore retailers will easily find their major target market there. For modern organizations, it is essential to develop their skills in digital marketing strategies, imply them and start building their relationships with their users virtually.

            Digital marketing strategy builds on and adapts the principles of traditional marketing, using the opportunities and challenges offered by the digital medium. A digital marketing strategy should be constantly iterating and evolving. Since the Internet allows for near-instantaneous feedback and data gathering, digital marketers should constantly be optimising and improving their online marketing efforts (EMarketing, Stokes22-23).

 

Work cited:

Stokes, Rob. EMarketing: The Essential Guide to Marketing in a Digital World. 5th ed. Cape Town: Quirk EMarketing, 2013. 22, 23. Print.

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