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Benefits of social media marketing | Cortexom Innovations

Digital marketing refers to marketing through an electronic device or
the internet. It’s another word for internet marketing.

Digital marketing is the component of marketing that utilizes the internet and online-based digital technologies such as desktop computers, mobile phones, and other digital media and platforms to promote products and services. Its development during the 1990s and
The 2000s changed the way brands and businesses use technology for marketing.

As digital platforms became increasingly incorporated into marketing plans and everyday life, and as people increasingly use digital devices instead of visiting physical shops, digital marketing campaigns have become prevalent, employing combinations of search engine
optimization (SEO), search engine marketing (SEM), content marketing, influencer marketing, content automation, campaign marketing, data-driven marketing, e-commerce marketing, social media marketing, social media optimization, e-mail direct marketing, display advertising, e-books, and optical disks and games have become commonplace.

Digital marketing extends to non-Internet channels that provide digital media, such as television, mobile phones (SMS and MMS), callback, and on-hold mobile ring tones. The extension to Non-Internet channels differentiates digital marketing from online marketing.

7 Benefits of social media marketing

1.Increase Customer Loyalty with Frequent
Communications

A website allows you to find new markets and trade globally for only a small investment. Allows companies to promote themselves to large, diverse audiences that could not be reached through traditional marketing such as phone and email-based advertising.

As you know, it cost more to attract and convert new customers than it does to retain existing customers. Customer loyalty can be difficult to establish, but it’s well worth your efforts.

It’s great to finalize a sale with your customers, but it’s even better to
retain those customers after the sale. A customer retained can make another purchase or recommend your brand to others, which helps increase sales. To retain customers, you need to keep in contact with them and digital marketing makes that easier than ever.

As you learn about your customers, you can send them personalized offers like seasonal discount codes for related products or exclusive access to new product releases. This not only makes the customer feel valued, but it’ll also, drive repeat sales. Encourage customers to follow you on social media channels.

When they do, you’ll have daily access to them as they scroll through their social media feeds. Keep them engaged with helpful, relevant content or with content that inspires and delights them. Whenever they need your service or product again, they’ll be more apt to buy from your business.

2. Engage the Customer at Every Buying  Stage 

Before digital marketing became popular, not many people were talking about the customer journey, mainly because it was difficult to understand and analyze. More often than not, a customer would go to a  physical store after seeing an ad on TV or in the newspaper, make a  decision, and pay for the product or service inside the store.

However,  in digital marketing, we can track every step that a customer makes,  often from the moment when they are triggered to find a solution or product. These days, it’s common for a consumer to see an ad online, search and compare prices on different websites, then go to a store to try the product or shop on an online store.

Mobile apps provide shoppers with special offers and coupons, customer support, and comparison tools, which enhance our understanding of the buying process. With digital marketing, a marketer can follow the entire buying journey of the customer.

No matter which channels the consumer discovers your business: Google search, Facebook Ads, display advertisements,  Instagram, etc., you can engage with them more easily now. This enables you to help the customer resolve all their questions and objections and influence their purchase decision.

3. Target the Right Audience 

It’s now easier than ever to segment audiences since many digital marketing platforms allow you to target a specific audience. We have access to online tools that keep track of an individual’s online activities and demographic information. Digital marketers can use this data to offer users specific products or services that they may be interested in.  

For instance, once a visitor clicks on a brand’s display ad, whether on social media or through a search engine, the brand can target that visitor with subsequent and related ads. If the content a visitor receives is based on their interests and online behaviors, it creates positive reinforcement and makes shopping easier and more satisfying. You can also target your audience with content and offers based on what stage they’re at within the buying journey.

For example, email marketing  can be used to nurture a lead until they’re ready to make a purchase.  Perhaps they subscribed to your blog and consistently open your blog update emails. After several months, they visit your about me and service  web pages. At this point, you know to send them a targeted email with  an exclusive offer.  

Sophisticated digital marketing tools make this possible. Let me tell you  how it works: when a user fills out a form online, he or she provides  personal information. Most web pages have cookies that track the user’s  behavior on the page. It’s this data that companies or digital marketers  analyze and devise the right strategies for different types of audiences. 

4. Optimize and Obtain Better Conversion Rates 

Unlike traditional marketing, which includes expensive TV, radio, or print ads, online advertising platforms are much more affordable. You can also improve your ad conversion rate more conveniently than you can with traditional advertising. With print advertisements, it’s often difficult to track conversion rates as everything is happening offline.  Digital advertising makes it easy since every interaction is tracked. You instantly know how many people are viewing your ad and what actions they take. Most online advertising platforms include some level of reporting, which you can use to refine your ad targeting, copy, and design. 

5. Accurately Measure All Results 

With offline marketing, it’s difficult to measure the results of your marketing campaigns. For example, if you place an ad in a newspaper and on a billboard simultaneously, you can’t know exactly how many people viewed the newspaper ad or how many viewed the billboard ad.  What can be more frustrating is knowing which ad is more effective and which ad to invest in. However, digital marketing doesn’t have such issues.

In fact, with digital marketing, you can measure everything worth measuring. From when the ad is clicked to when the visitor leaves the page. Everything! You are able to determine how many people saw your ad, how many sales resulted from the ad, and ultimately, your return on investment (ROI).  

Data analytics software (such as Google Analytics) and social networks or ad platforms (such as Facebook Ads and Google Ads) metrics make this monitoring or measurement possible. However, it is important that you prioritize the most important data because there are many trackable metrics. This important data is called key performance indicators (KPIs).

KPIs are those metrics that are related to the objectives and goals outlined in strategy planning and represent an effective business outcome. Some examples of KPIs are:

➢ Cost-per-click (CPC) ➢ Return on investment (ROI)  

➢ Customer acquisition cost (CAC)  ➢ Customer lifetime value (CLTV)

6. Gain Brand Credibility 

If any brand is to gain credibility quickly and sustainably, it would be via the internet. Content marketing studies show that digitally active brands usually end up having the most credibility. Through its content,  a company can address customers’ doubts, clarify important concepts,  and show that it understands what drives its market. 

Useful and interesting content helps a company to gain the trust of its customers, as well as that of industry experts. It can be effective to the extent that competitors start to cite it also in their content. Well, one thing to look for is its rank in the organic search engine results pages  (SERPs). You’re a reference to the market if you rank at the top of Google,  for example.

This attracts more stakeholders to your business and builds confidence in what you produce. Blogging is one way that you can establish your expertise. Consumers seek out high-quality content that addresses their challenges and questions. Your company’s subject matter experts have insights that are highly sought after and should be shared with your target market.

7.Levels the Playing Field 

Of course, large companies have big marketing budgets, but digital marketing provides a level playing field for everyone to operate, be it a  large or small business. Content marketing and SEO require investments, but you don’t have to break the bank. If you can create high-quality content that answers people’s questions, you can rank for long-tail keywords. It may take time, but it is possible.

It is true that big companies can throw serious money behind their digital advertising campaigns. However, money isn’t the only factor that matters when determining an ad’s rank on the SERP. Both Google Ads and Bing Ads evaluate an ads’ relevancy and quality before determining its rank. If you have a highly relevant ad that answers searchers’  questions, you can achieve the top spot on the SERP. 

Start Reaping the Benefits of Digital  Marketing 

You can see that digital marketing has so many benefits, and I just mentioned a few mentioned in this article. In my opinion, the top benefit is its cost-effectiveness. With a modest investment, you really can reach an incredible number of people through digital channels. No matter what size your business is, you can benefit from investing in digital marketing. 

 

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