The world has changed dramatically and with it the way we do marketing.
While traditional marketing still plays a role, digital marketing has become a necessity. Even in the business-to-business (B2B) world, digital marketing is an essential part of your success.
Many people think that traditional marketing tactics are all they need. That simply isn’t true anymore. Almost everyone has access to the internet and is constantly connected; they even expect the companies they use to be online as well.
Digital marketing is one of the most cost-effective ways for companies of any size to expand their reach, find new customers, and diversify their revenue streams.
Potential customers expect you to have an online presence and digital marketing is no longer optional for small businesses or large corporations.
Benefits of Traditional Marketing
Traditional marketing is most effective when your goal is to reach an audience in a specific location with a targeted message. For example, if you’re opening a new retail location in your town, you can use direct mail and billboards to advertise the opening to local residents who are likely to shop there.
Other types of traditional marketing, like radio and television ads, are expensive and hard to track but can also be useful in certain situations. These types of advertisements can be seen or heard by millions of people at the same time.
Traditional marketing allows you to personalize your message and reach out to customers in a more tangible way. There’s something about holding an advertisement in your hands that can’t be replicated by your computer or phone screen. Connecting with potential customers by sending them coupons, incentives, or other advertisements can help you stand out from the crowd of emails, texts, and social media posts they’re bombarded with every day.
Additionally, it builds brand recognition and loyalty. People still love carrying around their local coffee shop’s loyalty card or getting coupons in the mail from their favorite clothing store. When it comes to building brand recognition and loyalty, traditional marketing is king — especially when combined with digital marketing tactics like email newsletters or social media advertising campaigns.
Finally, it’s trusted. In a world full of fake news and online scams, people still trust traditional advertising more than digital ads.
Benefits of Digital Marketing
Digital marketing is appealing because it offers a range of affordable options for targeting specific audiences at different times. You can use pay-per-click advertising on Google or Facebook to reach people who are searching for specific products or services in your area or around the world. You can also take advantage of remarketing tools that display ads specifically to people who have already visited your website or purchased products from your business.
Digital marketing extends beyond internet marketing to include channels that do not require the use of the internet. It includes mobile phones (both SMS and MMS), social media marketing, display advertising, search engine marketing, and any other form of digital media.
The reason why digital marketing matters is that everyone is online. As a result, there are a large number of customers who are online who you can potentially reach out to. However, most companies don’t effectively utilize their digital platforms to get in touch with customers. Instead, they use social media as a megaphone to scream out about how great their company and products are rather than actually helping people solve problems.
Which One Is Better?
The lines are blurring between traditional marketing and digital marketing. The reason for this is that digital media is growing faster than any other form of media, and with it, marketers have a variety of options from which to choose.
This doesn’t mean that you should abandon your traditional marketing strategies, though. Instead, you should look at both types of marketing as complementary to each other.