The Truth About Digital Marketing
While each option has its place and benefits, it’s wise to look at your unique business and see what makes the most sense for you. This post will take a look at what digital marketing is, how to know if it’s right for your business, and what you can do to make the most of your investment.
‘Digital marketing’ is an umbrella term for numerous tactics used to reach your audience online or in some electronic form. Basically, it refers to any marketing efforts on the web and electronic devices that promote your business in some way.
Digital marketing tactics and examples include:
- Retarget marketing
- Content Marketing
- Blog posts
- Online brochures, newsletters, lookbooks
- Social media channels
- Pay-Per-Click Ads
- Google Ads
- Facebook boosted posts
- Instagram sponsored posts
- Twitter promoted tweets
- LinkedIn sponsored messages
- Email Marketing
- Email newsletters
- Social media scheduling
- Blog subscriptions
- Follow-ups to site visitors who shared their contact info
What is the difference between digital and inbound marketing?
‘Wait, isn’t that the same as inbound marketing?’ Look at you with all the smart questions! Digital marketing refers to the number of tactics you can utilize online to attract customers, but it is not compelled to focus solely on two-way communication like inbound.
While they may use some of the same tactics, inbound differs from digital in that inbound is a marketing method that focuses solely on pulling an audience in by providing helpful info (think ebooks, infographics, etc.). Outbound is a push method where marketing messages are put in front of the audience whether they ask for it or not (web banner ads, direct mail, etc.). Digital marketing incorporates both push and pull methods into a strategy.
Digital marketing can be an amazing tool to help businesses reach their audience. However, it’s important to be mindful of how digital marketing plans are presented to you and think logically about what’s right for your business.
Beware of oversold data.
A note of caution: Beware of the companies that are not actually in the business of digital marketing and are just selling plans on the side as an additional service. Oftentimes, these tend to oversell data and numbers that actually hold little weight and can be useless to your business.
For example, if a company comes to you with a retargeting ad campaign plan that shows you can get as many as 100,000 impressions – number of times content is displayed, regardless of whether or not it was clicked – in one month, and convert on average 10% of those, that all sounds great! But if your site gets less than 2,000 visitors a month, this data can be extremely misleading. Oftentimes, unless you have 100,000+ monthly visitors to your website, data of this nature does not apply to you and your business.
Additionally, information on this scale relates best when applied to e-commerce sites that actually sell something. Sites like this are able to ‘convert’ potential customers into paying customers by getting them back on their site to complete a purchase. So how do you increase site traffic, and what if your site does not sell anything?
How to increase traffic to your website.
So, you don’t have 100,000+ visitors to your website and you’re not sure where to go next? We get that. A good place to start is to focus on increasing your site’s traffic organically, in addition to digital marketing, so that both can work more effectively while also setting you up for long-term, sustainable growth.
- Build site traffic organically
- Pay to get people to your site
- Paid Social Posts
- Google Ads (formerly AdWords)
Set your own definition of ‘conversions’.
Conversion rates determine the value of your digital ad, and ‘conversion’ can mean different things for different businesses. Perhaps the nature of your business requires someone from your company to speak with potential customers in order to get their business. In this case, your definition of a conversion could be when someone completes a contact form on your website.
Some types of conversions:
- Complete purchase
- Fill out contact form
- Inquire for ebook or other content
- Sign up for blog
- Complete questionnaire or quiz
At Stray Media Group, we primarily work with small- to medium-sized businesses in the country, mostly situated in the Midwest region. We understand the challenges you may be facing in the daunting world of digital marketing and finding the solutions that fit your business best. If you’d like to learn more about how we can build a digital marketing strategy that fits your needs and budget, feel free to give us a call.