What sets the difference between
traditional marketing and digital marketing?
Know your Turf Well!
Planning
to start a business? And willing to sell your ideas through the right channels
to get an expected ROI, then marketing is the word that you are looking for. It
is the ultimate way through which you will be able cover major audiences
catering to different demographics at the shortest time interval.
The
debate is endless regarding what actually makes your product or your idea
worthy enough to be accepted by the client whether it is traditional marketing
or digital marketing.
To
get into the crux of marketing one needs to understand the subtle nuances of
digital marketing as well as traditional marketing.
Traditional
Marketing involves marketing your product to a wide range of audience through
offline mode of promotions like
§ Broadcast ( T.V, Radio)
§ Print (Newspaper,
Magazines)
§ Direct mail (Catologues,
postcards)
§ Outdoor ( Billboards,
Fillers)
§ Telephony( SMS, Telephony)
DigitalMarketing is a contemporary form of marketing where your audiences will be well
targeted as per their age group and preferences through different modes of
channels like
§ Content Marketing
§ Social Media Marketing
§ Search Engine Optimization
§ Email Marketing
§ Google Analytics
§ Affiliate Marketing
Running
a successful business venture is not only about having a great idea or a well
designed product , your enterprise will prosper only when you have sufficient
means through which you can easily reach your clients and pursue them to accept
your ideas.
In
today’s market condition majority of the brands will prefer Digital Marketing
as it has an edge over traditional marketing due its vast reach, ability to
grasp the pulse of the audience, timely updates and the sheer feasibility in
regulating the mediums. On the other hand traditional form of marketing has not
yet lost its charm. There are still a major chunk of people those who are not
well equipped with the internet, social media and several other platforms. For
those traditional marketing is an ideal space to acquaint themselves with new
companies and their ideas.
As
a marketer you need to clearly understand what type of target audience you are
catering to, what is their age, preferences, medium choices to gain news and
then use that information to appropriately choose your mode of marketing.
What’s so traditional about Marketing
?
Traditional
Marketing is a conventional form of marketing where the medium aims to
reach semi targeted audiences via
offline mode of communication. It is not only one of the oldest but also the most used and reckoned mode of communication.
One can easily say that traditional mode of marketing pursues and helps in
gaining attention of each and every individual from every walks of life and
caters to a wide demographic, for example a billboard containing a huge hoarding
of a brand is situated in between of two railway platforms.
As
a result majority chunk of common man will gain instant awareness about the
brand. Within days the reach of the brand can be surpassing even millions.
Traditional
Marketing may have evolved over the last few decades but its basic structure
still remains the same. Let us look at few key points of traditional Marketing
1. Major Target Audience: The grasp of traditional
marketing is quite broad and touches upon each and every person.
2. Popular Medium is required: To disseminate any
information you will require a influencer with social appeal to market your
product. For example a celebrity endorsing a product gains a major ROI as
compared to a simple announcement of a product.
3. High Cost: Sometimes a high budget
of print or T.V advertisements will discourage small businessmen to invest
money.
4. Lacks in Evaluation Tools: One will find it really
difficult to gauge the returns over his traditional marketing campaign due to
lack of campaign management.
Why Digital Marketing is
the new cool?
If the decade of 2010 was modern then 2020 onwards its going
to turn ultramodern through vast expanse of digital marketing. The world is
ruled by the internet and it expects different tools of advertisement and
marketing are too driven by internet, thus Digital Marketing shall thrive in
the near future. Some of its tools like Google Adwords, Google Analytics and
many other gives an edge over marketing by
Advantages
1) Interactive Medium: Digital Marketing opens
gates for two way communication where the client can add his suggestion as well
express his feeling about the product in the comment section.
2) Easily Updated: Information about the
product can easily be updated and the client need not wait for a whole day to
know details about the product.
3) Relatively low Cost: Traditional Marketing are
quite costly and less ROI, while a monthly investments on a digital platforms
will help you to save worth a fortune.
4) Ample Customize Options: Digital Marketing
platforms grants freedom to you to customize options to better serve your
clients.
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