Digital marketing - we’ve all likely heard the term being bandied about in boardrooms and offices - but what is it really? Marketing is the process and art of identifying and satisfying customer needs through mass communication. Marketing has been aided by digital means since the 1960s, with mainframes crunching demographic numbers for advertising agencies. However digital marketing refers to marketing purely using media driven by digital means - the World Wide Web, hand-held computing, electronic billboards, and so on. Now that our culture is digital, our marketing is also digital. This gives marketing greater speed, accuracy, and channels to promote products and services than ever before.
Digital Marketing vs. Traditional Marketing
The biggest difference between “traditional” marketing and digital marketing is that digital marketing is often bi-directional - audiences can “talk back” to brands and companies. This can be a blessing and a curse for digital marketers, who can use the data to refine their product or service; but also means managing negative feedback and how that can effect community and sales. So what is digital marketing in 2022?
Digital Marketing Channels
Digital marketing companies will often tout they are “channel agnostic” or “omni-channel” - meaning they employ as many media (that is, carriers of messages) as possible. Digital marketing channels need not be discrete: they often overlap and complement one another. For example, let’s take a look at the web and Search Engine Optimisation first.
Search Engine Optimisation
If you are a business and have a website, the aim is to have it shown to as many people as possible to gain as much traffic and sales as possible. This is achieved by Search Engine Optimisation, as I’ve discussed in detail here. This means organising or curating your content to match what people are searching for on Search Engines so it ranks higher in relevance and above your competitors in search engine results. This organic, or non-paid traffic, means a higher return on investment over time than paying for leads or sales over and over again.
Pay Per Click Advertising
Pay Per Click (PPC) advertising has been around a long time (in computer terms) with the first ever PPC ad bought by a Silicon Valley law firm on the now defunct Global Network Navigator site as far back as September 1993.
As I wrote on my blog Crushtor.net,
“Advertising alongside search engine results pages (SERPs) became the standard in October of 2000, when Google launched its AdWords service. Companies and brands would pay for sponsored links that appear at the top of search results, bidding for the top spot using automated algorithms. When a browser clicked on the ad, the company paid for the privilege – what’s known as a “Pay Per Click” advertisement.”
By most accounts, a business can expect to earn $2 in revenue for each $1 they spend on PPC. This is further refined by using data to pinpoint where ad spend (i.e. higher quality keywords, remarketing, demographic shifts, etc.) should go to receive the maximum return on investment.
Social Media
Social media such as Twitter, Facebook, and Instagram are “no brainer” digital marketing platforms. Billions of people combined use social media every day, and deploying advertising and marketing through these channels is the reason why these channels exist in the first place. However, it also gives brands and companies opportunities to talk directly to consumers and hear their concerns - as well as the added challenge of responding to negative feedback. Social media marketing comprises Pay Per Click advertising, organic community management, and content strategy or curation.
Content Strategy
Content strategy, as I’ve outlined here, is a part of digital marketing in terms of reaching customers or audiences using text, video, moving images, audio, and other multimedia. The more strategic content a brand or company can leverage, the more it flows into SEO, social media, and other aspects of digital marketing.
Email Marketing (eDM)
Email marketing or electronic Direct Mail (eDM) is a powerful tool in a digital marketer’s arsenal, allowing marketing communications to be sent to willing customers (as almost all jurisdictions forbid unsolicited eDMs - aka spam.) These customers opt-in to mailing lists to recieve special offers, tips or tricks, or affiliate offers. Sort of like my fantastic eDM, which you should definitely sign up for!
Native Advertising
Native advertising is a story or piece that’s published to a blog or online news site that’s supposed to look like normal, unbranded content - but in fact is an advertisement for a product or service. This may be disclosed as “in partnership with” or “promotional consideration by.”
Videos and Podcasting
Producing video or podcast content is fast becoming a new avenue for digital marketing, as it too is a space where digital marketers can either buy up time in various (and hopefully popular) video/podcasts for impressions or launch a video or podcast series that directly markets to consumers on their own. This has some overlap with influencer marketing.
Affiliate or Influencer Marketing
One of the more recent developments in digital marketing is using affiliates or influencers - people with a substantial following on social media - to promote products or services. This could appear as native advertising - e.g. sending your new prototype watch to a watch review channel on YouTube (my favourites being The Urban Gentry and Just One More Watch) or paid advertising such as sponsored posts. Affiliates get a commission for each sale they make, usually through partner programs as run by Amazon.
Using Data Driven Marketing
One of the major differences between digital and traditional marketing is the data this type of marketing generates. Clicks, page views, bounce rates, interaction rates, demographic information - is all harvested through various applications such as Google Analytics, Google Search Consoles, or Customer Relationship Management software (CRM.) This helps marketers identify incoming search terms, what people are looking for and tailoring content to fit, and market to specific niche segments, e.g. 18-24 year old men who enjoy watching football and eating chocolate ice-cream (yes, it can get that granular!)
Does my business need Digital Marketing?
In short: yes. If you want to reach customers, create a community, and sell to a wider audience, your business absolutely must employ some measure of digital marketing. “Building it and the audience will come” is relying on hope and prayer to ensure business success. Holistic and sustained digital marketing campaigns help your business not only survive in the online marketplace, but thrive and grow into the long term.
Do you need help with your digital marketing and copywriting in Melbourne? Contact me today!