Module 5
Module 5
Digital marketing
Traditional marketing
Expensive
Time consuming
Customisation
Digital marketing
Product
- Whether physical product or service proposition.
- Whether the product can sell online.
- Channels available for product or service ,opportunities to make it flexible
to be more appropriate for the online or mobile audiences.
Price
• Concept of fast price comparison and the introduction of cash back and
voucher sites have changed customer behavior.
• Take advantage of affiliate marketing programs-company can promote
products through a third party website in exchange for paying a
commission or fee to the website when an action is taken.
Place –may not have a physical shop but online shop must be easy to
find while searching by prospective buyers.
Promotion – promotion can take place in various formats such as a TV
campaign, press advertising, display banners in traditional.
Challenges with digital marketing is that there is limited space or
time to communicate the product promotion.TV may have 30 seconds
while digital have 100 characters or less than one second.
Features of DM
Branding
Completeness
Functionality
Interactivity
Visual communication
Relevant advertising
Community connections
Virality
Measuring output
Need for DM
Interactive
Anytime, anywhere
Global reach
Reduced cost
Direct exposure
Measurability
Brand engagement
Demographic targeting
Real-time results
Meet competition
Long-term exposure
Product information
Catch attention
Disadvantages
Dependence of internet
Cluttering
High competition
Negative approach
Harm image
Suitable for specific categories of products
Not always targeted to prospective
Trends in DM
As digital trends evolve every year, marketers should always be aware of the
changes in order to easily adapt with emerging technologies and stay ahead
in the market. This will help them gain a competitive edge and become able
to develop new ways to grow their businesses.
Voice Search
Voice search is rising in popularity and 50% of all queries will be voice-
based. One type of voice search is implemented by smart speakers such
as Amazon’s Alexa, Apple Homepod, Google Home and Microsoft’s
Cortana which give searchers immediate voice answers to their questions.
Top brands are thinking how to deliver their promises using voice-enabled
devices because they are affordable and offer greater capabilities than
ever before while more visitors are using voice search to interact with
these brands.
Smarter Chat
Use of Chatbots have been rising in the few recent years for digital
marketing and many customers prefer to use Chatbots as a major
means of communication in customer service.
Chatbots play a critical role in improving the customer experience
and allow marketers to better engage with their audience - without
really doing much. They offer real-time assistance to the user,
dedicated support and a proactive interactions where they ask
questions to understand the real problem.
Micro-Moments
As more users are processing their online activities using their smartphones,
marketers continue to leverage micro-moments to attract their audience’s
attention and fulfill their instant decisions.
Whenever a customer searches for something, looks for a nearby store,
wants to finalize a task or makes a purchase, marketers can take advantage
of these types of micro-moments to create targeted content and advertising.
Micro-moments occur when people turn to a device like a smart phone to act
on a need to learn something, do something, discover something, watch
something or buy something. There are hundreds of moments every day-
checking the time, texting,chatting on social media.
Successful brands have a strategy for understanding and meeting
consumer’s needs in these micro-moments.
Augmented and Virtual Reality Marketing
Marketers need to know how virtual reality and augmented reality
can be used as part of their marketing strategies.
They offer significant opportunities for brand promotion and the sale
of products and services, but also to engage and retain customers.
VR Offer a digital experience ,provide a virtual ,computer-generated
environment.
Augmented Reality allows brand experiences with the convenience of
tapping into their mobile device.
Live Videos - More Stories
Live content is the fastest growing segment of internet video traffic
due to the remarkable waves in the recent years through facebook,
Instagram and Youtube. Live streaming content is effective because
it’s free, takes a short time to produce while it offers a real-time user
engagement.
Moreover, it has the ability to generate greater impressions than
posts published in the newsfeed, especially if users choose to post
them to their stories.
Live streaming content allows marketers to engage with their leads in
a quickest way possible, improve their relationship with followers,
reach a broader audience and boost their social channels traffic.
AI and Machine Learning
Global leaders like Amazon, Microsoft and Google extending their
resources in AI and machine learning.
AI allows marketers to anticipate future probable patterns of their
customers based on collected data.
With this data, marketers can then determine how to better engage with
their active buyers using different channels such as direct mail, sales
outreach, or digital advertising.
Several industries like food and beverage, ecommerce, life science and
healthcare have started using AI. For instance, many food retailers use
big data to determine the best delivery times of their products. This is
done by gathering data from different sources such as the weather, road
traffic and temperature...
Engagement-Based Email Marketing
Marketers have started to care more about sending emails to subscribers
who are active on their lists. For instance, if a contact highly engages with
your emails, he should be regularly nurtured with content and updates about
your company until he converts into a loyal customer. On the other hand, if a
subscriber hasn’t opened an email for a certain period of time, he will be
considered as a dormant contact and will no longer receive additional emails.
But to send the right email to the right segment, marketers need to identify
all their leads behaviors. If the platforms they are using have limitations to
classify their audience into different segments based on their behaviors, they
can integrate their tools with other applications that allow them to do that.
After all data is determined and different segments are created according to
defined criteria, marketers will be able to target their leads more effectively
with behavioral-based emails.
Rich Lead Profiling
Offered by companies that collect and manage complex data for
millions of leads and businesses, data enrichment has become more
and more important.
Marketers use data enrichment to reveal more details about their
leads and personalize their approach when attempting to contact
them. The great advantages of data enrichment is that it removes
any wrong or inaccurate information that companies might have
about a specific lead such as his email, phone number or street
address.
These retrieved data are then used to obtain other missing data. For
instance, if you have an email of a particular lead, the data
enrichment process will fill in his name, phone number, street
address, his job position and household situation.
Browser Push Notifications
Push notifications are moving into the realm of web browser
technology and are one of the most popular web development trends
for 2019.
Companies use browser push notifications to reach their leads more
effectively and communicate with their audience in a more powerful
way.
Another major role such notifications play is retaining customers and
improving conversion rates. Ecommerce companies for example, use
browser push to retarget their shoppers who abandoned their
shopping carts and tempt them to complete their purchases.
Content Personalization
The need for a personalized approach in marketing is becoming more
critical than ever. Although delivering the right content to the right
audience at the right time is difficult, it will add a big value to your
content marketing strategy because it plays a major role in boosting
your users engagement rates.
Personalizing or customizing content for audience relies on visitors
data in order to deliver relevant content. It consists of
showing dynamic pages based on specific criteria such as geographic,
demographic or behavioral attributes with highly targeted call to
actions for the purpose of converting them more effectively.
Types of digital marketing
Content marketing
Simply put, social media marketing refers to the process of using social media
platforms to attract traffic and attention.
This involves publishing content on social media profiles, listening to and engaging
followers ,analyzing results,and running social media advertisements.By using social
media, business can increase exposure and build meaningful relationships with
customers.
While everybody can benefit from SMM as a type of digital marketing, B2C and SaaS
companies tend to get the most out of it. Social media marketing is all about listening
to what your customers have to say, engaging in the conversation, and sharing
valuable content.
Together, content marketing, SEO, and social media marketing constitute what is
called “inbound marketing”. It is a marketing methodology that aims at attracting,
engaging, and delighting leads. Some goals of inbound marketing include attracting
users’ attention, driving relevant traffic to the website, and converting it into happy
customers.
Pay-Per-Click Advertising (PPC)
Instant messengers are the latest communication trend. There are 1.5
billion people globally using WhatsApp on a monthly basis, followed
by Facebook Messenger and WeChat. If you want to be where your
audience is, enter instant messaging marketing.
This type of digital marketing exploded over the last couple of years.
People are much more likely to trust the information sent via a
messenger (as if it comes from a good friend) than email or SMS that
are vulnerable to spam.
Digital marketing models:
Business-to-Business(B2B)
Business to business digital marketing is conducted between two separate
businesses.
A major type of digital marketing interaction, which refers to a company selling
or buying from other companies.
One company communicates with other companies through electronic media.
Many businesses have already been doing it since 1980 by means of electronic
data interchange.
Some of these transactions include sending and receiving orders, invoice and
shopping orders.
With the introduction of internet, all companies irrespective of their size of
business can communicate with each other electronically and cheaply
It is the sale and exchange of products and service between businesses
Benefits of B2B model
C2C digital marketing consists of individuals using the internet to sell products and
services directly to other individuals
An online auction is an example of C2C
eBay, craigslist.org and www.bazee.com common examples of online auction
Websites that provide a consumer to advertise and sell their products online to another
consumer. however, it is essential that both the seller and the buyer must register with
the auction site.
While the seller need to pay a fixed free to the online Auction House to sell their
products, the buyer can bid without paying any fee.
The site brings the buyer and seller together to conduct deals
eBay is one of the largest C2C E-Commerce sites today
Another popular form of C2C is peer to peer. p2p is an internet network that allows users
with the same network in software to connect to each other’s hard disks and exchange
files.
Business to Government B2G
B2e refers to the digital marketing which utilizes the intra business network that allows
the company to render services and also at times products to their own customers.
Companies use B2E processes to automate the employee related issues for the
corporate purposes.
Examples are the online insurance policy management, corporate dissemination,
online supply request, special offers for the employees and also the reporting for the
benefit of the employees.
It helps in in nurturing the relations between the employee and the organisation.
As a result strong bonding develops between the employee and the company.
If the company starts realising the problems of the employee and take care of all their
essential needs, it is very obvious that the receiver will also try to pay it back in the
same way to the company.
B2E is different from other type since it is not a revenue form of business.
Emerging business models
Professional services
Digital goods
Publishing
Catalogs
Online advertising
Global accessibility
Rich content
Affordability
Speed
Quick updating
Provides brand relevant information
Easy collection of data
Greater flexibility
Better customer relation
Facilitate purchase decisions
Weakness of online advertising