4 Business Benefits to Upping Your Digital Marketing Game
With the growing use of mobile phones, laptops and desktop computers, people are consuming more and more digital content on a daily basis. Companies must quickly adapt to the shifts in the digital landscape as digital tactics slowly take over traditional marketing channels.
What is Digital Marketing?
Digital marketing has become so much more than just a buzz word. It’s a form of communication, a marketing principle and a cornerstone of many businesses. Most people define digital marketing as the marketing tactics that connect a company to its audiences via online tactics.
While that definition isn’t necessarily incorrect, it’s not a full picture of its capabilities either. It’s a combination of theology and actionable strategies that combine to give your company a face and name in your community.
Four Digital Marketing Benefits
Digital marketing provides you the opportunity to communicate with your consumers where they are and in a way that is cost-effective. These four benefits explain why the use of digital marketing is not only a great investment decision, but also an effective channel to help you grow your business.
Digital marketing is a more cost-effective channel than traditional marketing. Gartner’s Digital Marketing Spend Report found that up to 40 percent of respondents reported considerable savings by using digital marketing methods of promotion for their products or services.
Generate Better Revenue
Effective digital marketing techniques generate higher conversion rates that deliver higher revenues. A study by IPSOS Hong Kong found that companies using digital marketing strategies had 2.8 times better revenue growth expectancy than those who do not.
Build Brand Reputation
The power of digital marketing lies in attracting targeted audiences. Through general and specific content promoting your brand, industry news, product(s) or services, you can effectively create your own a brand personality. Delivering on your promises will help you develop a great relationship with your audience and help them transition into customers that will engage with you.
Cater to the Mobile Consumer
With the rapid proliferation of small internet devices, such smartphones and tablets, mobile has become a large source of information for many customers. Because they are increasingly turning to mobile, digital marketing efforts optimized for the mobile user is vital.