A majority of entrepreneurs and leaders embrace the fact that innovation is the lifeline of a successful company, while doing so they have neglected the importance of marketing, especially digital marketing. Evidently, this often results in loss/waste of opportunities which unfortunately leads to failure of many businesses.
Marketing for a business, in its richest and greatest form, is much more important today than ever before. The current world is completely blanketed by new and constant innovative products, services, solutions, etc. All the new prospectives should be brought to the markets and commercialized well to generate revenue and profit. Without doubt, innovation cannot sustain a company alone – innovation and marketing make a better, long-lasting, and successful pair. In today’s fast-paced work environment, you should take your marketing steps smartly and digitally.
Marketing and digital marketing are fundamentally about making the connections between the right customers to the right product. Additionally, this helps building sales teams, helps employee think creatively and present customer-centric ways and do it differently from the firm’s competition. This helps continue through the obstacles that can only be addressed through deep customer knowledge.
Top 5 advantages of digital marketing:
- 1- Digital marketing provides infinite global accessibility.
- 2- It helps reach people exactly where they spend most of their money and time on.
- money and time on.
- 3- Digital marketing provides segmentation/personalization of customer preferences.
- 4- A well-planned and well-targeted digital marketing idea can reach customers at a much lower cost. An example of this is Mobile Monkey, which is a Facebook messenger chat box for business. When acquisition costs increased, they used their own chatbot to increase reach and reduce acquisition costs.
- 5- It aligns with how people shop/consumes their products and services these days.
Marketing is highly crucial especially in these tough times, it could save or sink your company entirely. Marketing has over the years lost its meaning to just acquisition and retention and these days it’s merely another word for advertising. But true marketing is so much more than that.
Currently, as innovation continues to be every business’s driving force, digital marketing especially has to be adopted, developed, and valued more than ever to keep businesses thriving. Finally, digital marketing should not serve as an emergency fill-in rather it should be planned strategically to provide longevity. Not forgetting to mention, a smart and strategic decision would help make companies resilient to deal with any future happenings.
To sum up, digital marketing as a subject or as a career line can be molded in your desired shape to give you the required direction to achieve measurable success for your business or brand. The importance of digital marketing is far more than just a realization. Today, people have adopted to digital means for almost everything. Now the decision is yours if you could bring the next digital revolution through your ideas.