What Is Digital Marketing?

PSLMARKETING Digital Marketing, Search Engine Optimization, Social Media Leave a Comment

Marketing is defined as a marketing approach that primarily relies on the internet to connect with the target audience through various digital media channels and platforms.

In this article, we will look at the concept of digital marketing, the key digital marketing channels, the best practices to ensure you succeed in your digital marketing efforts, and how digital marketing can benefit your brand. We’ll also look at some evergreen digital marketing success stories to inspire you. Let’s begin!

Table of Contents

  • What Is Digital Marketing?
  • Types of Digital Marketing Channels
  • 5 Best Practices for Digital Marketing in 2021
  • 3 Benefits of Digital Marketing for Businesses
  • Top 4 Evergreen Digital Marketing Success Stories

What Is Digital Marketing?

Digital marketing is an umbrella phrase that refers to the use of digital channels such as content marketing, SEO, email marketing, social media marketing, and mobile marketing to develop sophisticated strategies for reaching out to and connecting with prospects and customers.

The average user consumes material through a variety of traditional media outlets, including television, computer, tablet, smartphone, and radio. This frequent exposure to a variety of media formats has resulted in information overload, complicated the buyer’s trip even further. Digital marketing has enabled firms to remain relevant by increasing their visibility across several channels and touchpoints.

Apart from traditional marketing channels such as television, newspapers, and billboards, marketers leverage various digital platforms to lead prospects through the purchase journey and stay connected with existing consumers.

Types of Digital Marketing Channels

Before we delve into other aspects of digital marketing, let’s quickly review the top eleven types of digital marketing channels:

  1. Website

The website is often the home to your digital marketing efforts. Brands and organizations use websites to host content while using other mediums to distribute it. Most of your digital marketing activities will link back to your website, where an action is expected to occur, and the conversions are tracked. For example, the download of a file, booking of a product or a service, and so on.

  1. Content Marketing

Content creation is the spine of your entire digital marketing strategy. Whether you’ve got a documented content marketing strategy or not, you’re creating content to inform, entertain, inspire, or persuade your buyers through other channels. Some of the most shared content formats include text (blog posts), videos, images, infographics, podcasts, slide decks, and ebooks.

  1. Search Engine Optimization (SEO)

SEO acts as a jetpack for your content marketing efforts. SEO consists of on-page and off-page activities to boost your website’s visibility in search engine result pages (SERPs) for your preferred keywords. Earlier, SEO was primarily text-based, but in recent years voice search has gained prominence as well, which is why your SEO activities need to have a conversational approach.

  1. Digital Advertising

Digital advertising is an umbrella term for various online advertising strategies. The typical pricing/bidding strategies for digital advertising are cost-per-click (CPC) and cost-per-mille (CPM), i.e., per thousand impressions. Standard digital advertising formats are search engine marketing (SEM), display advertising, native advertising, social media advertising, and programmatic advertising.

  1. Email Marketing

Email marketing is the process of maintaining a database of cold and warm contacts and sending them email alerts about your brand, products, and services. It is an effective channel to communicate with your audience on an ongoing basis. Email marketing helps build your subscriber base, onboard new customers, retain existing ones, promote discounts and offers, and distribute content.

  1. Social Media Marketing

Social media marketing ensures you are present on the platforms your users are spending the most time on. These include Facebook, Twitter, LinkedIn, Snapchat, and Instagram, where you can distribute content through organic and paid channels. Social media has also played a vital role in propagating video marketing and the ephemeral content wave. It enables two-way communication, and your fans and followers can interact with you on your content through likes, comments, direct messages, or by posting on your official pages.

  1. Affiliate Marketing

The concept of affiliate marketing is similar to commission-based sales. Organizations provide custom links to their affiliates. Affiliates earn a specific cut/commission every time someone buys through their custom link. Influence marketing could be considered a modern and evolved spin-off of affiliate marketing.

  1. Mobile Marketing

The number of smartphone users across the world is expected to grow to 3.5 billion in 2020. To bank on this opportunity, brands connect with their users on their smartphones through mobile apps, emails, mobile-friendly websites, and social media. By clicking with users on the go, brands have optimized their marketing strategies and sent timely messages.

  1. Online PR

Online Public Relations is a type of earned media. This is when a member of the press (journalist or online publication) mentions your brand through their stories, interviews, and so on. Product reviews by customers and bloggers, and Influencers mentioning your brand or products, whether paid or organic, also contribute to your online PR.

  1. Conversational AI

The rise of technologies such as artificial intelligence (AI) and machine learning (ML) have paved the way for more evolved marketing strategies such as conversational AI. As the adoption of voice search, chatbots, and digital assistants becomes prevalent, conversational AI becomes vital to digital marketing.

  1. Web Analytics

Web analytics is the practice of collecting, measuring, analyzing, and reporting data. This is commonly tracked through Google Analytics, but websites could also build their analytical tools. The data collected could be quantitative or qualitative. Web analytics helps marketers understand the sources of traffic, what’s working and what’s not, the return on investments (ROI), and how they can enhance their digital marketing efforts.

5 Best Practices for Digital Marketing in 2021

Here are five best practices to help you win at digital marketing in 2021:

  1. Go Omnichannel

Successful organizations have adopted the omnichannel marketing approach to guide their prospects through the funnel. Omnichannel marketing is an evolved form of multichannel marketing that helps you provide a holistic shopping experience to your buyers. It’s about delivering the right message at the right time on the right marketing channel.

Being omnichannel means delivering a consistent experience throughout the buyer’s journey. This means your strategy should revolve around the customer rather than specific channels. To build an omnichannel strategy, create a consistent brand voice across different channels. A cohesive omnichannel marketing strategy should consider all digital marketing channels and map their utility at each stage of the buyer’s journey and work on the messaging accordingly.

Example: Starbucks is known for leveraging digital media to improve customer experience (CX). In this particular instance, the Starbucks app lets users find stores, order through the app, pay using the phone, track Stars, and Rewards. Users also get reward points for ordering through the phone, and with their collaboration with Spotify, users can also identify the songs playing in their stores.

Starbucks’ Omnichannel Marketing Experience Through Its App

  1. Leverage AI in Digital Marketing

AI and ML have enabled marketers to reach out to their target audience with precision like never before. Using AI and ML-powered applications, you can connect with your buyers in the following ways:

  • Conversational AI: Conversational AI such as digital assistants and chatbots have become ubiquitous to communicate with prospects and customers. They can deliver content, gather customer requirements, provide customer support, help customers buy an item or make a reservation, and keep them updated on their orders.
  • For example, the Wall Street Journal has created a Facebook Messenger chatbot to deliver content right into subscribers’ inboxes.

The Wall Street Journal Uses Messenger Chatbot to Deliver News

  • Personalization: The success of omnichannel marketing depends on how well you personalize CX, and AI can help you do that. AI-based tools are capable of understanding and predicting user behavior. This can further assist you in delivering a personalized experience by creating segments of users with similar characteristics.
  1. Don’t Ignore Email

Email marketing is still a potent digital marketing channel. If you have a sizable subscriber base, you can communicate a message to your subscribers without spending a penny! You can use email marketing to send drip campaigns, onboard new users/customers/subscribers, promote new content, offer exclusive discounts and offers, ask for feedback through surveys, and so on.

For successful email marketing initiatives in 2020, use user-generated and interactive content to generate engagement, keep your emails mobile-friendly, and build an exclusive email community that can act as your tribe.

  1. Emphasize on Video Marketing

According to the State of Video Marketing 2020 survey by Wyzowl, 85% of businesses use video as a marketing tool. People prefer videos as they make it easy to comprehend information, and they’re an effective medium to tell stories.

Use videos in your content marketing initiatives to boost engagement and widen your reach. A great way to achieve that is to create videos in diverse formats. For instance, most social media platforms allow you to put ephemeral/short-lived video content. So, while you’re creating standard video content, experiment with short, vertical, and live videos to see what generates engagement and double-down on that.

Example: Moz has a weekly instructional video series called Whiteboard Friday that delves into SEO’s various aspects.

Moz’s Whiteboard Friday Video Series Covers Different SEO Topics

  1. Create a Cohesive Content Experience

Apart from running ongoing digital ad campaigns and other activities, creating cohesive content experiences can help you get your brand’s eyes. Creating cohesive content experiences means diversifying your content marketing efforts. Create content in as many formats as you can. Dabble into text, podcasts, infographics, videos, gated content, and so on. Each content piece you create should support each other, and that’s where content repurposing comes into the picture.

You can turbocharge the content strategy by supporting it with a smart distribution strategy. If you’ve written a 2000-word blog post, convert it into an infographic, create a podcast episode, and record a whiteboard video. When you do this, you diversify your presence across different platforms and create content according to the user’s convenience.

Example: Leadpages has created a cohesive content experience strategy that covers various content formats.

Leadpages’ Diversified Content Experience Strategy

3 Benefits of Digital Marketing for Businesses

Digital marketing combines the best of inbound and outbound marketing, i.e., push and pull strategies. Here are three key benefits of using digital marketing for business growth:

  1. Measurability

When you launch a marketing campaign via traditional means, it’s impossible to gauge its impact unless you’re providing some coupon code, which will be reflected in the sales figures. On the other hand, pick any digital marketing avenue, and you’ll get a sophisticated analytics capability.

You can measure the impact through impressions, clicks, traffic, and sales. Depending on the attribution model you’ve implemented, you can also understand how each touchpoint has contributed to the sales. This measurability allows marketers to understand what’s working and fix what’s not working.

  1. Sophisticated Targeting

Traditional media follows the carpet-bombing approach, in which everyone gets the same message. Modern marketing avenues allow you to tweak the message depending on the audience persona. Digital marketing channels allow you to target your ideal buyers precisely. Digital marketing also allows your ideal buyers to find you. A prospect will enter a query in a search engine to see you through content marketing and SEO efforts.

With digital advertising, you can target users based on their gender, age group, interests, education, location, psychographics, etc. You can zero in as much as you want, or you can keep it diverse and target a more extensive group depending on your goals.

  1. Refine on the Go

There’s no space for course correction when it comes to traditional marketing. Once your ad is printed in the newspaper, it is out. With digital marketing, you can tweak things on the fly.

If you don’t see a particular ad copy not bringing the results, you can tweak it, or you can re-allocate the budget according to what’s happening at that moment. This flexibility ensures that your digital marketing efforts are always managed efficiently.

Top 4 Evergreen Digital Marketing Success Stories

Some individuals and organizations have built their clout using various digital marketing avenues. Let’s look at the four evergreen digital marketing success stories.

  1. Gary Vaynerchuk – Video Marketing

Gary Vaynerchuk is a polarizing personality. His fans admire him for someone who wears his heart on his sleeve persona, while others find him loud and obnoxious to the point where Seth Godin, the marketing guru, almost walked out from his show. Regardless, Gary Vaynerchuk has managed to crack the video code by working for more than a decade.

Besides being an investor in Silicon Valley startups such as Facebook, Twitter, and Snapchat, Vaynerchuk found success through his first YouTube channel called WineLibraryTV. Vaynerchuk founded VaynerMedia, a digital agency, and launched his YouTube channel called GaryVee. His video channel became popular due to his talk show #AskGaryVee and other theme-based video content. Vaynerchuk’s success also stems from his ability to experiment. Being an early adopter, he has always got the first mover’s advantage on YouTube, Snapchat, and other platforms.

Gary Vaynerchuk’s Fierce Video Content Creation Strategy

  1. Domino’s – Creative Digital Marketing Campaigns

Domino’s has always been an early adopter of new trends in the digital marketing space. With its focus on delivering awe-inducing digital experiences, let’s look at a few examples of how Domino’s has leveraged digital marketing through the years.

In the 2000s, Domino’s had become notorious for its lousy pizzas. Domino’s came up with the idea that involved renovating their pizza recipes, getting them reviewed by a focus group and experts to solve this problem. They documented this process and released a video under the Oh Yes We Did campaign.

The Video Talks About the Process of How Domino’s Renovated Its Pizza Recipes

A more recent example is DOM The Pizza Bot, a chatbot that lets users order pizza through Facebook Messenger. Today, Domino’s allows users to place pizza orders through Google Home, Alexa, Slack, Messenger, Text, Twitter, and other IoT (Internet of Things) devices.

DOM The Pizza Bot to Let Users Order Pizza Through Facebook Messenger

  1. Grammarly – Email Marketing

The adage “Build and they’ll come” is certainly not true in this age. One of the biggest challenges for any marketing company is to ensure that the product is sticky enough for the user to keep coming back to it. For this, marketers use push notifications, email newsletters, and other outreach techniques to remind users to use the product.

Grammarly, a writing tool, encourages users to use the device through email marketing by sending updates on their product usage. Grammarly uses subject lines such as Last week was your best vocabulary week yet, You’re a writing machine, You’ve been prolifically productive, etc. to entice users to open the mail. Each Email consists of the user’s writing streak, productivity, accuracy, vocabulary, etc. along with the top mistakes and three articles to improve their skills.

Grammarly Sends Weekly Update to Help Users Understand Their Progress

Closing Thoughts

Digital marketing is a vast discipline. You need to integrate digital marketing into your strategy piece by piece. If you’re short on ad budgets, you can start with organic content, SEO, and social media.

Or if you’re looking for quick results and are willing to spend a large sum of money, digital advertising is your go-to channel. If you’ve already implemented digital marketing, find how you can improve your current strategy. It all depends on your requirements, your resource pool, and budget.

What Is Digital Marketing? via @scayvergraphix

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