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Digital Marketing 1
Digital Marketing 1
The 90s
Archie, the first search engine, debuted in the early 1990s, heralding the birth of
search. SEO, or Search Engine Optimization, quickly followed.
The first clickable web-ad banners were introduced in 1994. The first identifiable
social media site was launched in 1997, with 3.5 million users. In the 1990s, a slew
of websites still in use was found, including Google and Yahoo's web search, both
of which debuted in 1998.
A massive economic bubble grew in the new millennium. However, the bubble's
peak and burst between 2000 and 2002 harmed many businesses. Many new sites
were launched in the 2000s as the economy recovered from the boom, including
the beginnings of LinkedIn in 2002, Myspace and WordPress in 2003, and
Facebook in 2004. In the early 2000s, mobile text messaging marketing became
increasingly popular.
The latter half of the decade saw increased marketing and sales, with Amazon's e-
commerce sales surpassing $10 billion. Over the next few years, mobile app
culture expanded with the introduction of Whatsapp, Instagram, and Snapchat to
the digital world.
The Present
Today, 65% of an individual's digital media time is spent on a mobile device. The
digital advertising industry is now valued at around $200 billion, with Google Ad
Words accounting for 96% of the company's revenue. With an estimated 3.1 billion
online users, social networking has led the digital marketing revolution. The rise of
bloggers and Instagram has resulted in a $1 billion industry for influencers, which
are anticipated to grow. Digital marketing is expected to grow in the coming years,
with many new developments and changes in this exciting industry.
In this marketing technique, traditional modes of In this, digital channels are used as the mode
conversion are used. of marketing.
The nature of this marketing technique is
The nature of this marketing technique is static.
dynamic.
The conversion rate is less. The conversion rate is high.
Engagement is higher than in the traditional
Engagement is less or low.
model.
ROI is less. ROI is high.
It is more expensive than digital marketing. It is less expensive.
Tracking is not possible. The tracking is possible and done easily.
Have local reach. Have global reach.
Results are delayed. Results are instant.
Communication is only a one-way process. Communication is a two-way process.
2. Consideration
a. Brands focus on promotion during the consideration stage of the
journey.
b. This is where customers begin to look for alternatives to past
purchases.
c. During this phase, your business strives to convince potential buyers
to include you on the list of available options.
3. Purchase
a. This stage prompts visitors to take a particular action. Using a
dedicated call to action (CTA), we encourage customers to make a
purchase, subscribe to a mailing list, or sign up for services.
b. You should use this phase to sell our product as the best fit to solve a
visitor’s problem.
c. Once potential customers are satisfied with researching and
comparing their options, they will eventually decide.
4. Retention
The customer uses the product, sometimes seeking guidance from provider
or a user community, and perhaps being contacted by the provider to
encourage brand loyalty.
5. Advocacy
The customer spreads the word about the product.
Paid Media
The first part of the POEM framework—paid media. It is the most common type of
marketing channel. Any avenue or space that requires payment falls under this
category. Most advertisements are also part of paid media, including sponsorships
and publications.
In the context of digital marketing, paid media offers a variety of channels that you
can use to expand your reach. Paid media is one of the quickest and most efficient
ways to connect with your target audience. By promoting your products or
services on paid media channels, such as Google Ads and Facebook Ads—you can
grow your audience and build a sizable customer base.
o Search ads
o Shopping ads
o Display ads
o Retargeting
o Paid influencers
Owned Media
Owned media is the second part of the POEM framework, and it is about
everything under the ownership of your company, organisation, or brand. When it
comes to owned media, you can use your assets and possessions for marketing
purposes. You control your digital marketing channels, allowing you to promote
your business online in any way you see fit.
Owned media consists of various assets under your ownership, such as your
website, blog, print ads, and other promotional materials. You can use these assets
to promote your products or services.
o Websites
o Content
o Blog posts
Versatility and longevity are additional benefits of owned media. You have total
control over the way you handle your marketing assets. It allows you to maximise
the effectiveness of your owned media marketing strategies as long as needed.
Earned Media
Earned media is the latest term in the POEM framework. It refers to the exposure
and recognition your business is receiving due to organic publicity and awareness.
With earned media, you can interact, connect, and communicate with your
audience through third-party channels, such as social media, public relations (PR),
and referrals.
You should know that most marketers classify earned media as inbound
marketing. It is a process of gaining leads by distributing valuable content and
securing conversions. Know that earned media is highly effective for digital
marketing—as long as you continue to deliver quality and relevant content and
engage with your target audience. Any hindrance to your marketing efforts may
prevent your earned media from making substantial progress.
Managing your earned media is vital for establishing credibility and authority. If
done right, you can analyse the impact of your marketing on your brand. It will
help you think and plan better strategies to attract more traffic, gain leads and drive
sales.
o Word-of-mouth marketing
o Viral marketing
o Press releases
o Publicity
o Brand awareness
Good thing you can promote your business through earned media channels in
many ways. One excellent example is search engine optimisation (SEO). With
SEO, you can improve your website’s online presence on organic search results.
To do so, you have to optimise your website for SEO by getting quality backlinks
and creating relevant content.
Similar to owned media, you can gain publicity without having to pay for ad space.
Your earned media marketing efforts should extend your online reach. Once you
have established your credibility, you can reach more people and build trust—that
allows you to gain more exposure and recognition.
Segmenting Messages
Once you have segmented your audience, each segment or group can now be
targeted differently depending on what they need from your brand. For instance,
you are running a digital campaign for a bank. Banks serve a wide range of
customers. However, it does offer different services that may resonate well with
different segments so segment the audience between young high-income earners,
retirees, business owners and etc.
The digital world now offers an abundance of user information. It also offers the
ability to target users based on their information, of course, the availability of
technology for creating and managing large databases.
Through segmenting your audience in digital marketing, you can reach a wide
range of communication channels depending on your customer’s preferences and
needs. Again, you should not focus on separate channels, but you should pay
attention to how digital channels can enable and work with the strengths of what
may be considered as ‘traditional’ marketing media. Traditional includes TV or
billboards.
In today’s world, the digital part often plays the role of a bridge for customers
between different marketing media. This allows the customers to respond to a
broadcast message on TV by bringing it up through a social media property. By
doing this, the customers can obtain a deeper, richer and more interactive brand
experience.
Customising Messages
After segmenting your audience, the message you want to send or relay to them
can also be customized. With today’s technology, it is now easy to create
customized templates for your audience segments. The necessary information
and a wide range of digital tools are now available for easier customization.
Providing customized messages can help make your audience feel like they are
an important part of the brand and a huge part of the community. In return, it
helps create brand loyalty and long-term relationships with your customers.
Digital Landscape
The digital landscape is the total collection of hardware, software, and content that
interact with digital advertising.
This includes email services, websites, computers, smartphones, videos, blog posts,
and so on.
Things that exist on the internet but are fundamentally irrelevant, such as hobbyist
websites that focus on unrelated areas and host no ads, are not part of the digital
landscape.
In many respects, services like Facebook and Google are fundamental aspects of
the digital landscape.
Google has an outsized role for one company thanks to its near-total dominance of
digital advertising, but small services using new technologies can also offer value
to businesses.
The digital landscape is constantly evolving based on the collective actions of all
potential customers.
If some advertisements don’t work, companies create new ways of showing ads. If
content doesn’t reach people, companies make different types of content.
In the broad sense, the digital landscape is a wide-ranging application of iterative
marketing.
Companies tend to do more of what works while occasionally trying new things, so
the marketing we have now is considerably more valuable and effective than past
strategies.
Innovations are helpful when you can create them, but for most companies, it’s
fine to just understand the best practice for a particular scenario and follow that.
The digital landscape is what works, so you don’t need to reinvent social media or
digital marketing from the ground up to get good results.
The Indian digital marketing market reached a value of nearly USD 4.5 billion in
2022. The market is further expected to grow at a CAGR of 32.1% between 2023
and 2028 to reach a value of around USD 24.1 billion by 2028. The market’s
primary driver is the growing global population’s increasing affinity towards the
digital channels of media.
Most of the business units are getting their business from social
media platforms like Facebook and Instagram.
Data Analytics
Google AdWords and PPC is required to get instant traffic and leads
to your website through paid advertising.
The core of digital marketing is content. It’s not just about writing
content, making landing pages but it’s about writing quality content
which is relevant and useful for the user.
A digital marketing plan is one in which you strategically map out your digital
marketing objectives, as well the actions you’ll take to achieve those objectives.
e. When you understand what matters most to the audience, you can
make a digital marketing plan that speaks to their deep desires and
big challenges.
b. The data from your SWOT analysis will help you develop your
digital marketing plan.
a. The budget will define how much you have available to spend on
digital marketing activities.
b. The amount you budget for digital marketing will vary based on a
number of factors, including:
i. Revenue
ii. Position within the industry
iv. Goals
v. Location
b. Focus on how you can deliver value to your audience within the
channels they favor most.
c. A calendar also helps ensure that you are consistently reaching each
of your various audience segments throughout the year.