Contents • Need and Scope of Digital Marketing • Benefits of Digital Marketing, • Digital Marketing Platforms and Strategies • Comparison of Marketing and Digital Marketing • Digital Marketing Trends
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Why Digital marketing?
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Recent Development in the Digital Era • Growth of Internet users • Broadband, 4G, FTH • Growth of Smart Phone Users • Google • Smart TV • Bluetooth • Penetration of Social Media • Increase in Digital Advertising Expenditures
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Households having internet
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What is Digital Marketing
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Module III Digital Marketing 7 What is Digital Marketing • Digital marketing is the practice of promoting products and services using digital distribution channels to reach consumers in a timely, relevant, personal and cost-effective manner. • These forms could be – website , blogs, social media , mobile , applications , search , banner ads etc. • Digital Marketing is the process of MARKETING of products and services by using internet and digital devices like computers, tablets, mobile phones etc. • Philip Kotler – a form of Direct marketing which links consumers with sellers electronically using interactive technologies like emails , websites , online forums and newsgroups , mobile communications etc.
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Digital Marketing • In simple terms, it’s a process to attract more traffic to your online properties and converting them into leads/sales. • Online properties - your website, Facebook page/profile, blog, Instagram profile, Twitter handle, LinkedIn profile/page, Quora profile etc. • Traffic - real people / visitors coming to your online properties. • Not all people, but targeted people specific to your industry, business nature & locations • Devices used - desktop, laptop, mobile, tablet with internet connection
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Module III Digital Marketing 10 Characteristics of digital marketing 1. Two way communication 2. Targeting of one – age, location, gender, income, interest, behavior using algorithm and technology. 3. Level playing field- small and medium business can leverage it. Does not have high entry barrier like traditional advertising. 4. Measurability – measurement of ROI. Clicked, saw the advertisement registered and how many bought. 5. Push and pull- search is pull medium while banner ads on website is push. 6. Can be used for strategic brand building activities and tactical sales oriented activities. 7. Real time- what is working & what is not working. 8. Understand consumer behavior in real time, including not just their usage statistics but also their demographics and interests. 9. Consumers look for information or reviews on search engine, social network, websites forums before they visit the store. Module III Digital Marketing 11 Why Digital Marketing? • Wide Reach • Less Time • Less Cost /Cost Effective • Better Mobility & Flexibility • Better Targeting • Better Tracking • Niche Marketing • Generates Potential Leads • Measurement and Tracking • Real Time Results • Interactivity • Fair Play/Equity Module III Digital Marketing 12 Benefits of Digital Marketing
• It will make it easier to create awareness and engagement both
before and after the sale. • You can convert new buyers into fans who buy more (and more often) • You’ll enjoy all the benefits of word-of-mouth and social sharing
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Scope/ Uses of Digital Marketing • Customer Acquisition – Google , Bing (paid advertising or search engine optimization. ) As it captures the intent of user and hence are pull medium. Higher click through and conversion rates. • Brand Building – Youtube, Instagram (1st step in brand building is creating awareness. ) As these sites have large number of user database. So a banner ad will reach wider audience. • Customer engagement – LinkedIn, facebook( social media is more suitable for building a community and nurturing a bond with members. Its not apt for sales or conversions. • Information Dissemination – Twitter ( suitable for disseminating information rapidly. They are more about whats happening? Good for trending and spreading word of mouth • Online reputation management (ORM) – Blogadda , Bloomberg ( listening and understanding consumer sentiments and proactively shaping the brand attitude. Digital PR • Digital Analytics – Google Analytics , webtrends . ( measurability is the strength of digital marketing, ROI improvement. Module III Digital Marketing 14 Module III Digital Marketing 15 Module III Digital Marketing 16 Origin of digital marketing • 1994 – first banner ad • Yahoo – 1996 • Google – 2000 • LinkedIn – 2002 • Facebook – 2004 • Twitter – 2006 • Social media – 2005 onwards • Smart phones in India • Penetration of internet • Low cost Data – 4G
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What to do first?
• Understand the business / products
• Understand the Target group (Audience demography, Location, Interest, Socio-Economic Status). • Study competitors • Take note
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What’s next?
• Understand POEM Framework
• Paid Media • Owned Media • Earned Media
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Paid Media • Includes sponsored advertisements in different channels of digital marketing such as search engines, websites, Facebook , linkedIn and Twitter. • Examples - • Online Ads (Google, Facebook, LinkedIn etc) • Media buying (Buy ad space in online websites) • Email Marketing • These are also called push or outbound marketing since these are forced to show to users.
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Owned media • Company’s official website ,social media pages such Facebook page, original contents created by companies such as videos, images , posts etc. • Own website • Blog • FB Page/Profile • Linkedin Page/Profile • Apply organic or pull marketing techniques like Search Engine Optimization (SEO) - Ranking at top slots of search pages • Social Media Optimization (SMO) - Making FB page/profile, inviting friends, commenting, engaging. • Content Marketing (CM) - Posting high quality content on regular basis, e.g - menxp, scoophoop)
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Earned media • Is organic and unpaid. • It includes publicity that is generated through recommendations and word of mouth. • It also includes social media engagement such as likes, shares, comments, replies, retweets , favorites etc. • With regular posting of good quality engaging content and new innovation, you can get free word of mouth and online media coverage by other websites, bloggers etc
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The P-O-E-M Framework • There should be a balance between all media. Best practice is to allocate 50% on running paid advertisements. • The owned & earned media are organic and hence more credible and provide higher quality traffic. But they longer time to show results. • Paid media will increase your reach, impressions in short term but once you stop running ads you may not get repeated engagement. • Convergence of all the three medium
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POEM
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Differences between traditional marketing and Digital marketing
Traditional marketing Digital marketing
Type of marketing Structured and clear advertising Unstructured , status updates ,
campaigns advt campaigns , blogs , posts , comments , social media etc.
Direction of communication Unidirectional (one to many) Multidirectional (many to
Information spread by company many). Both company and (active) consumers only consumers talk and listen (both listen(passive) active). Consumers can also create content, like or post Scheduling Long term Short term Ad campaigns are planned both Ad campaigns are not planned in over and for a longer period of detail but reactions to comments time. and requests given Availability During working hours (9-6) 24X7 Constant readiness to respond to negative comments and consumer requests Language Formal, official Genuine, direct personal Module III Digital Marketing responses and short answers 25 Module III Digital Marketing 26 Module III Digital Marketing 27 Digital marketing strategy – the consumer decision journey • AIDA model • Awareness- consumer has heard brand name. goal is to create top of the mind recall. • Interest – creating highly creative campaigns that break clutter and stand out. Interesting posts highlighting the unique benefits of brand. Emotional messages. • Desire – through comparative analysis , economic value calculations , collecting feedback , reviews and rating • Action – ensure all hurdles are removed . smooth website and navigation. • Advocacy – sharing experience satisfaction or dissatisfaction after purchase. Become loyal and purchase repeatedly.
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Digital Marketing Trends • Creative marketing is the generation and execution of communicating unique messages in an inventive way. This allows a message to be remembered, leading to higher brand recognition and consequently, increased sales. • Digital customer relationship management is the use of Internet communications channels and technologies to enhance customer relationship management (CRM) and customer experience management (CEM ) initiatives. • Example of Axis Bank - The Digital Relationship Manager (DRM) is an integral member of the AXIS Remote Banking Team responsible for on-going management of client relationships and act as the clients single point of contact for the end to end client experience. • The Digital RM effectively uses technology comprising of Voice, Video and Email.
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Digital Marketing Trends • Customer experience (cx) strategy & technology is the sum total of customers' perceptions and feelings resulting from interactions with a brand's products and services. • The best approach for brands is to assess and optimize each customer touchpoint to maximize the likelihood of customer satisfaction. • A very simple end customer interaction like recharging a plan on a mobile app means that the customer is touching 4-5 backend systems, all of which have to perform seamlessly to ensure the best customer experience. • Customer journey management is the process of figuring out the best way to interact with customers at each stage of a customer's journey in order to continue moving them through the sales funnel. – Using behavioral data to identify “the current state” of individual customers: where they are in the sales journey and whether they are a risk for churn, and – Designing marketing materials or other types of actions tailored to these customers in order to encourage them to move to a desired state (e.g., complete the purchase or stay engaged with the company). Module III Digital Marketing 30 Digital Marketing Trends • Artificial intelligence - is a broad term that represents several technologies to help your business with both internal operations and customer-facing initiatives. • Examples of AI marketing solutions include chatbots, image recognition, personal assistants (such as Google Assistant, Amazon Alexa, Microsoft's Cortana and Apple's Siri), content recommendation engines and dynamic pricing on ecommerce sites. • Data analytics / Predictive analysis - encompasses a variety of statistical techniques from data mining, predictive modelling, and machine learning that analyze current and historical facts to make predictions about future or otherwise unknown events. • Wearables & audience tracking – watches, wristband • Mobile Search, voice search, local search • Social Media MarketingModule III Digital Marketing 31 Digital Marketing Trends • Programmatic marketing - The use of software to buy digital advertising. • Internet of Things - describes the network of physical objects, so known as, "things" — that are embedded with sensors, software, and other technologies that is used for the purpose of connecting and exchanging data with other devices and systems over the Internet. • Data driven marketing - use customer data to predict their needs, desires and future behaviors. Such insight helps develop personalized marketing strategies for the highest possible return on investment (ROI). • Omnichannel Marketing use of online & offline channel • Personalized Marketing
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Digital Marketing Trends • Lead magnet is a marketing term for a free item or service that is given away for the purpose of gathering contact details; for example, lead magnets can be trial subscriptions, samples, white papers, e-newsletters, and free consultations. • Marketers use lead magnets to create sales leads.
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Channels of Digital Marketing
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Email marketing • Email plays an important role in digital marketing because it helps move customers from one stage of the buyer journey to the next in a way that yields high return on investment. • Because email is both cost effective and time effective, not to mention one of the first channels that most customers turn to, this channel often yields the best results. • The key to success in email marketing is employing the right type of email at the right time. • There are a host of email service providers to choose from. • Depending on your needs you can choose a free supplier or a pricier one with lots of features. • Free providers include Gmail and Outlook, which have both personal and business services.
• Promotional emails present the leads and customers on your
email list with an offer. • The offers could be promotional content, offer like a whitepaper or webinar , a brand announcement, product release, event announcements, or trial offers. • Promotional emails are the most common marketing emails. • Promotional emails provide value and help up the sales. • They’re great for lead generation, retention, loyalty, engagement, nurturing, sales, and upsells.
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Relational emails • Relational emails deliver value to the customers by providing free content and information such as:- • subscriber welcomes, newsletters, blog articles, webinar guides, surveys, social updates, contest announcements, and more. • Relational emails may not sell a product or brand directly, but they build relationships with the customer by adding value upfront. • For example, when the email subscriber receives a piece of high- quality content in an email newsletter, he or she is interacting with the brand in a deeper, more meaningful way.
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Transactional emails • Transactional emails are sent in response to an action that a customer has taken with the brand. • They include messages such as :- • order confirmations, receipts • coupon codes, shipping notifications, account creation • and product return confirmations, support tickets, password reminders, and unsubscribe confirmations. • These emails reengage customers who have engaged with your business in some way and give the customer an idea of the voice behind your brand. • They offer a customer service experience, tell customers about the brand, generate leads, increase customer retention and loyalty, engage customers, and even help with sales. Module III Digital Marketing 39 Sending Broadcast and Triggered Emails • Email best practices say that it shouldn’t just send every email to every subscriber on the list. • Time management best practices say that one can’t spend every day manually sending emails to customers. • For these reasons, the emails should be divided into two types: a. broadcast b. triggered
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a. Broadcast emails • Broadcast emails are emails that is manually send to entire list at a given time. • They aren’t responses to customer actions; you send them at a specific time and for a specific purpose. • Broadcast emails should be used for only three purposes: • Newsletters: You should send your regular daily, weekly, or monthly email newsletter to your entire list as promised when your subscribers subscribed. • Promotions: Not all promotions should be broadcasted to your entire audience. Only major promotions that you feel deliver value to your entire customer base should be sent to everyone. • Segmentation: Send a broadcast email to your entire list to determine the specific interests of certain customers and then segment your email lists.
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b. Triggered emails • Most of the emails that you send should be triggered emails, which are fully automated. • After you get the content honed and ready, you can let your email service provider do the work for you. • Triggered emails automatically go out after customers take a specific action. • In this day of detailed digital automation, you can probably get data to trigger an email every time your customer logs on to a computer or pours a cup of coffee. • But that would just annoy your customers. • Specific actions that trigger an automated email for each customer action might include New subscriber welcome email, offer email, Registration confirmations • Purchase receipts, Segmented promotion, • Referral requests after customers leave a review
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How to promote your website 1. SEO- is the set of methodologies used to make websites both accessible to search engines and appealing to readers.
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How to promote your website 2. Backlinks – which drive traffic from another site to your own – are extremely important promotional tools. Credible backlinks signal to search engines that your content is trustworthy and relevant. 3. Influencers are connectors; they are people who have established reputations as knowledgeable experts, trendsetters and entertaining personalities. They have large audiences of social followers who enjoy the influencer’s content and actively participate in online conversations. • Influencers can help you to spread brand awareness to people who may not be exposed to your digital marketing messages in other channels. Plus, getting to know your brand through a trusted third party can accelerate movement through your sales funnel. • Brands partner with influencers to appeal to new audience segments and extend the reach of their messages. Module III Digital Marketing 44 How to promote your website 4. Email- Any email that comes from your brand’s domain name should include a link back to your website. That way, any reader who is interested in learning more about your offerings can easily get to your site without any extra steps. 5. Quality content - Content provides site visitors with immediate value in the form of new knowledge and insights. • For many visitors, the sole reason to view your site is great content with an appealing user interface (UI). • If you want people to stay on your site long enough to absorb your messages, you need highly engaging content.
Digital Marketing For Beginners: The Complete Step-By-Step Guide To Mastering Online Marketing, Creating A Scalable Online Strategy, Finding Your Customers, and Becoming Profitable