financetom
Business
financetom
/
Business
/
Key advantages of digital marketing for business growth
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Key advantages of digital marketing for business growth
Aug 9, 2021 5:28 AM

There are several advantages to employing both conventional and digital marketing. However, more businesses are migrating away from traditional marketing and toward digital marketing. Because more and more individuals are utilising the internet, businesses and marketers may simply interact with and reach their consumers.

Share Market Live

NSE

So, what exactly is Digital Marketing?

Digital marketing is the use of the internet to advertise items or services through a variety of online channels. One example is social media. Many businesses have begun to increase their investments in digital marketing and have seen positive results. If you're not sure what the advantages are, here are five to get you started.

1. Increased Audience Reach

Unlike conventional marketing, digital marketing allows you to reach a larger audience because the whole globe has access to the internet. This enables you to easily communicate with your worldwide target audience. Unlike traditional marketing, where you are simply able to target people in your immediate vicinity.

2. Measurable Results

We now live in the age of data and information. So with digital marketing, you can analyse results and data on the strategies you developed online. By analysing this data, you can better understand your customer’s preferences and affect their buying patterns based on your finding. On the other hand, traditional marketing does not allow this. It’s very hard to tell if the flyer you gave out left an impression on your customer or if they are just throwing it away. Or if you’re very expensive TV ad is being watched.

3. Strategies Have the Potential to Be Improved

Because digital marketing can provide data, it is simple to see how your target audience is reacting to your digital marketing initiatives. You can change the content of these reports based on your results. As a consequence, you are developing strategies and content depending on the preferences of your customers. Traditional marketing is tough to perform since it cannot be measured.

4. Customer Engagement

With so many new brands out there, it’s getting harder and harder to find loyal customers. Therefore, it is very important to know what your customers are saying about your brand. By listening to what your customers are saying about your brand through social media, you are then able to engage with them. This then allows you to solve any problem that may arise or to help build trust with your customers.

5. Monitor Your Competitors

The great thing about social media is that it doesn’t only allow you to monitor your customers, it also allows you to monitor your competitors. This allows you to monitor what your competitors are doing online. For example, you can check their marketing campaigns and see how they are engaging with their customers. By doing so, you can improve your current strategies accordingly and be ahead of the competition.

Conclusion

These are only a few of the advantages of digital marketing. Whether you are a small business or a large corporation, Digital Marketing can undoubtedly help your company develop.

The author, Prince Kumar, is co-founder Bizzcom solutions. The views expressed are personal

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Russia files claims with Germany on Nord Stream attack investigation, RIA reports
Russia files claims with Germany on Nord Stream attack investigation, RIA reports
Aug 18, 2024
Aug 19 (Reuters) - Russia has filed claims with Germany regarding the investigation into the 2022 explosions of the Nord Stream pipelines, RIA news agency reported on Monday, citing a Russian foreign ministry official. We have raised the issue of Germany and other affected countries fulfilling their obligations under the UN anti-terrorist conventions, RIA cited Oleg Tyapkin, the head of...
Aussie earnings season 'positive surprise' so far, but tide could turn, Macquarie says
Aussie earnings season 'positive surprise' so far, but tide could turn, Macquarie says
Aug 18, 2024
(Reuters) - Australian corporate earnings have been a positive surprise amid investor euphoria over estimate-beating margins, but historical trends suggest results could take a turn as the earnings season approaches its end, Macquarie analysts said. Companies have posted better-than-expected margins, often supported by lower tax and interest costs, with most of them outperforming market view so far this season than...
Union at BHP's Escondida copper mine in Chile signs new deal, ending risk of strike
Union at BHP's Escondida copper mine in Chile signs new deal, ending risk of strike
Aug 18, 2024
Santiago (Reuters) - The union at Chile's Escondida copper mine, the world's largest, signed a deal on Sunday with BHP, ending the risk of a further strike that could have threatened global supplies of the red metal. Earlier in the day the union had sent a memo to members warning it might call another strike if the company did not...
CN Rail issues lockout notice to union, Canada-wide freight rail stoppage looms
CN Rail issues lockout notice to union, Canada-wide freight rail stoppage looms
Aug 18, 2024
OTTAWA, Aug 18 (Reuters) - Canadian National Railway ( CNI ) , one of Canada's two main rail companies, formally notified the Teamsters union in Canada on Sunday that it would start locking out union workers early on Thursday. Unless there is an immediate and definite resolution to the labour conflict, CN will have no choice but to continue the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved