Why is Digital Marketing Important for Business?

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Why Digital Marketing Important for Business

It’s 2024, and now your audience doesn’t seek hoardings or billboards hung in the market. Instead, they ask for your digital appearance. No matter what services they are seeking, be it delivery of their food items or getting the best fashion advice. Your digital presence adds relevance to your business and the quality you serve.

After the pandemic, it has been 4 years since digital marketing has been used at its full potential. It is now automatically expected from your brand to have digital availability either via social media platforms, digital ads, or your website.

Even recent stats have said that 73% of the audience willingly spends with brands that have a digital appearance.

Hence, there is no doubt why digital marketing is important and how it has expanded the horizons on both ends.

What is Digital Marketing?

Digital marketing, in simple words, is marketing that is done online. Basically, it focuses on building an audience through online platforms like e-mail, social media platforms (Instagram, Facebook, LinkedIn, Pinterest, etc.), digital ads, or websites.

Digital Marketing differs from traditional marketing completely, but eventually, the ultimate goal is the same i.e., to find the potential leads. While, traditionally, it was focused on newspapers, magazines, and billboards. However, digital marketing has brought a shift, and now, marketing through digital platforms is not a new topic.

Digital marketing

Source- MarketingProfs

Right from the ads you get, while scrolling Instagram or a blog to getting promotional e-mails, you are surrounded by it.

In a crux, digital marketing is a kind of marketing that pursues sales virtually on different platforms.                                                                                                        

Parts of Digital Marketing Services

With time, digital marketing has covered a lot of services. This not only increases the effectiveness but also targets the audience available on different platforms.

Let’s have a look at a few digital marketing services that are widely used by businesses :

  1. Content Marketing
    Content marketing focuses on marketing through content that covers all forms, be it audio, text, video, or images. Its main goal is to reflect brand value to the audience through entertaining, informative, or promotional content.
    You might have seen various brands uploading reels, carousels, or generic posts on their Instagram. They also opt for engagement through comments or polls so that the audience can feel connected with the value they provide. And they can also draw a strong impact on their target audience’s minds.
    For Example, Brand W3era’s Instagram
  2. Email Marketing
    Email marketing means marketing a product or service through emails. Every morning, when you unlock your phone, you might find promotional emails bombarding your notification area; this is called email marketing.However, one thing you might have noticed is that, how the first two lines are always catchy and worthy of all the attention, this explains the main goal of email marketing.Isn’t it amazing how these kinds of marketing are keeping you hooked?
  3. Social Media Marketing
    Surrounded by dynamic algorithms and ever-changing trends, social media marketing has been successful in navigating the audience towards the brand. Social media marketing, through its features, gives the platform to the brand to reflect its stories, values, vision, mission, and recent achievements.Social media is a platform that gives opportunities to perform content marketing. Nowadays, creators are also using storytelling as a trend, to connect with audiences of different interests. Many big brands have been following this marketing crazily, either by following the trend or collaborating with other brands. Recently, the statistics by Forbes Advisor have shown that 76% have purchased something they saw on social media.Sounds crazy?Yes, it is.

    Nike postNike’s unique approach to equality and brand promotion. Image Source – Keyhole.co

  4. Website Designing
    Imagine going to a shop that is not organized, that has employees who are not informative about the products, and no one handholds you with the next step. Unimaginable?Of course, who would go to that shop?The online showroom (website) for your business has products and services, customer navigation, testimonials, graphics, themed colors, and blogs to educate.This complete package is called the website. And it is one of the best ways to try your hands at digital marketing. The website design should aim to serve a great user experience so that the audience does not have to put in extra effort, that might lose interest in them. That is how the website can be described.
  5. Google Ads
    Google Ads is also a major asset to digital marketing. It is a marketing model that focuses on paid advertisements on various platforms like blogs, Facebook, Twitter, or Instagram.
    During the initial stage of digital marketing, Google Ads were called pay-per-click.But did you know why it was called ‘pay per click’? Well, whenever the visitor clicks on that ad, the publisher (on whose site the advertisement is published) used to get paid.This model is still relevant but is carried forward with the name of Google Ads.It should be ensured that whenever an advertisement needs to be published, it should be done after in-depth research of keywords. As it is obvious, no one would take the advertisement for women’s fashion seriously on a website dedicated to screws and bolts.

7 Reasons why Digital Marketing is Important for Business

Since the beginning, there has been no doubt about the impact digital marketing has drawn. Not to forget, it has transformed the industry and has given liberty to the business to expand the span and be available 24×7 in the digital space. This is done through various techniques like automation, hiring chatbots, testimonials, video-guide, blogs, etc.

Hence, through digital marketing, businesses get their potential fueled up, and customers got the convenience and quantity alternatives at their fingertips.

Below are the top 7 reasons to showcase the importance of digital marketing.

1. Global Reach

Getting global reach is one of the most important reasons to understand why digital marketing is important for business. Today it doesn’t matter how much quality your products possess or how creative your ideas are until and unless you are not getting the desired reach. 

Digital marketing unlocks its potential and gives you the stage to enjoy global reach.

For this, digital marketing has limitless resources like social media platforms, SEO (search engine optimization), performance analysis tools, etc.

Today, even small-scale businesses have earned their recognition at a celebrating level due to digital marketing.

2. Cost-Effectiveness

Did you know?
If you want to print your advertisement in a national magazine it can cost you around $500,000. Whereas, if you go for Google Ads, it can cost you around $100-$10,000.

Digital marketing has converted the baggage of hefty costs into an opportunity for the business to enjoy cost-effectiveness. It ignores the big capital expenses and lets your deal get done in less.

Today, over 6 billion people are actively using social media. And one sure thing is that investing in social media or other digital advertisements would be more profitable. This is because nowadays people scroll through phones for everything, be it news, food recipes, or the controversies hanging around. This has extinct the need for newspapers and magazines at a major level.

In a nutshell, opting for digital marketing will bring you better profits at lower costs.

3. Measurable Results

Digital marketing not only gives you a chance to target but also makes sure that you can measure your results and find loopholes. You can easily track the results right from conversion rates, SEO ranks, Social media engagement, user watch time, and return on investment (ROI).

Here is a list of tools that can help you to measure your digital performance:

For better performance, it is very important to have an eye on the traffic metrics by opting for SEO reporting tools.

Due to this feature of digital marketing, the possibility of blunders or repetitive mistakes ends, and businesses can get improved results every time they perform campaigns.

4. Targeted Marketing

One of the most amazing benefits served by digital marketing is that it allows you to advertise to your target section only. But, it’s not a cakewalk and sometimes actually hard to get the desired results. Hence, building an effective strategy to get a window seat in your marketing journey is important.

Here is a tiny guide, to get you an idea of how to build a strategy for targeted marketing:

Step 1: Identify your customer market.

Step 2: Search for the perfect marketplace where your potential customers are active.

For eg: If you have a B2B agency, then your target marketplace can be LinkedIn.

Step 3: Evaluate what kind of marketing can help you there.

For eg: Webinars, Google Ads, promotional posts, etc.

Step 4: Flaunt your client testimonials.

Step 5: Measure performance on a weekly and monthly basis.

That’s how you will be able to enjoy the benefits of targeted marketing.

Targeted marketing is an important feature that lets you enjoy digital marketing more thoroughly. But one of the concerns that arise for it is that it uses the personal data of the audience. Due to this, it keeps hanging in the debate.

5. Improved Engagement 

Better audience engagement is one of the top wishes of every business enthusiast, and digital marketing undoubtedly has caught the right nerve.

Around 76% of marketers have enjoyed better traffic and engagement after implementing digital marketing for more than 5 months with consistent efforts. Digital marketing is no less than a race where slow and steady always wins the game. 

Many businesses faced no improvement in their engagement due to a lack of consistency and expected instant results from it. However, various businesses have been able to t

Many big brands like Nike, Adidas, and Airbnb have taken the support of social media platforms to get emotionally connected and engaged with their audience.

6. Enhanced Brand Awareness and Credibility

It is rightly said that “it is easy to get results, but harder to keep them.”

When digital marketing efforts are rightly implemented, you can feel people getting familiar with your brand. This is called brand awareness.

A great example of the same is people using the word ‘Xerox’ whenever they go for ‘photocopy’. This is how brand awareness works; people get familiar with your brand and its services/products. 

Credibility comes when the quality is served. Hence it is important to focus on the quality of both; the products/ services you are providing as well as the advertisements you are publishing. 

To celebrate brand awareness and credibility, you must ensure:

  • Quality content
  • Consistent efforts
  • Consciously-designed strategies

Once you complete this checklist, you will be zero steps away from gaining your audience’s trust and confidence.

7. Business Reputation

Corporate or business reputation is the perspective your customers and other important entities have for you. It is an important asset for the business.

Digital marketing also brings reputation to our business. It not only creates market value but also gives you a competitive advantage. Through a well-designed online presence, a business can easily achieve it.

All we have to do is to bring quality content, relevant strategies, and consistency to the correct platform. Soon, the results will be visible.

Placing client reviews and testimonials on the relevant digital platforms can add a cherry to your cake.

Conclusion 

Digital marketing has become an essential tool in today’s business world. Without it, a business can not gain global recognition. 

Moreover, through various services of digital marketing like email marketing, social media marketing, website design, etc., the reach of the business gets expanded. And that lets your business savor the advantage of targeted marketing and enjoy the benefits. This showcases the importance of digital marketing.

In short, if digital marketing is applied effectively, it will take no time to transform your business into a well-known brand.

And we are here to help you with your requirements. W3era is a leading digital marketing agency that can expand your business to new heights and help you shine bright in the market.