Top 10 Benefits of Online Marketing versus Traditional Types of Advertising

Top 10 Benefits of Online Marketing versus Traditional Types of Advertising

An old school marketing tenet says that you have to spend money to make money. Sure, when putting up a new business or expanding an established one, you have to spend on additional capital as well as advertising. But in the current state of economy, you have to think a lot before spending. So, when it comes to advertising in this technology- driven but sagging economy, it is best to put your bet on online marketing than traditional advertising types- and here are ten reasons why:

1. “Branding” is out, and measurable return of investment is in. Traditional marketing is great for building brand exposure, that is, if you have a large budget for marketing. But for the small- to mid-sized businesses, online marketing is the smart way to go. When you put an ad on TV, radio and newspaper, you have to wait for certain period of time before you can tell whether your product or service is doing well. With online marketing, you can have a daily reading of how much of the traffic you get is actually converting to sales or not. With that, you can make immediate business decisions for your company.

2. Information in a flash. One major benefit of online advertising over traditional advertising is that you don’t have to wait for months before you launch your product or service. In fact, you can publish any information and content immediately and not limited by neither geography nor time.

3. Quality exposure. When a person passes by a billboard or sees an ad on TV, you cannot tell whether he or she is interested in what you are selling at that time or whether they will be interested in the future or whether they even noticed the campaign. However, a person clicks on an ad in the web when he or she is interested. With online marketing, you actually get your target market.

4. Cost-effective exposure. How much does a TV spot cost these days? Running a small ad in a paper for a day can already cost you a couple hundreds dollars – more if the paper has a wider circulation. However, not all of those who read the papers even read your ad. Some people just click to some other channel on TV when the commercials come on. However, you still have to pay for their viewing your advertisement. Even with pay-per-click (PPC) and other forms of paid online marketing you only pay for the views of people who are interested in your service/products. SEO is even more cost-effective in the long run because it could give you quality exposure for a relatively small financial investment.

5. Prime position. With traditional advertising you pay more to have your ads displayed in a place where it can be seen by the most number of people (Prime time on TV, for example or a billboard on a busy highway, etc). With successful online marketing your position is always prime position. Good SEO will help you rise in the search engine results pages for relevant searches, making sure you’re right there when people want you.

6. Long-term exposure. You can only place a certain amount of advertisement on TV for a few weeks, on the papers, for a day – but with good SEO, you can maintain the same site for years. However, online marketing can complement traditional media by providing directories towards previously made advertisements or those of other brands.

7. Online marketing is best for brand engagement. Studies reveal that among customers, particularly non-techie female internet users with children under 16, the Internet has a greater effect on brand engagement than print media, TV and outdoor advertisement. Brand engagement is one of the factors that ensure brand loyalty among customers. And in this time of recession, it is important to maintain buyers.

8. Online marketing provides insight and other interactive mediums. Studies also show that the internet also has a crucial role in the propagation of indirect experiences of brands through customer reviews. Online video directories for brands are a good example of interactive advertising. Customers can also choose to visit the brand’s website, or interact with the advertiser through other channels such as email, chat or phone. Response to brand communication is instantaneous, and conversion to business is very high.

9. Website users buy more online than average newspaper users. In Germany, Internet users are enthusiastic online shoppers, as well. Before making a purchase, either online or in a store, many German consumers research the product on the Internet. By 2005, online buyers rose by 7%, taking the total number of online shoppers to 27.4 million.

10. Product information. Almost as important for consumers was the search for product information. Research online was particularly popular wherein it came to slow moving consumer goods such as cars, domestic appliances, consumer electronics, mobile phone contracts and furniture. During this time of recession, people think a lot before they spend their money. With free and rich information online, people don’t mind doing a little research and reading some reviews and recommendations before they go and buy certain products.

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Top 10 Reasons Why Online Marketing Is Better A Than Yellow Page Advertising

Top 10 Reasons Why Online Marketing Is Better A Than Yellow Page Advertising

Ever had the guts to win in this competitive world? Ever had the courage to compete with and possibly beat even the wisest and most strategic business people in the world?

Certainly, this world has grown fast and changes have been fast as well. From the traditional ways of doing things, people have become more advanced and when you want to keep up with the Jones’ you had better know what to do. Businesses that are slow get left behind. Businesses who are eager to reach the turret of success continue to search for higher degrees of learning so as not to lose in the game.

Who would not want to succeed in business anyway? Everybody wants to generate income; everybody wants to be known in his or her own field. But how is it possible to succeed, especially in the business world?

One Word – Strategy. That single word alone already means everything. It actually defines everything about success.

Today, people are hooked on the internet. Almost everybody knows how to “surf the web”. In fact, most businesses have already seen its potential that is why online marketing has also become a phenomenon.

You may be skeptical about this strategy because you still think that yellow page advertising is better but let us delve into the ten major reasons why online marketing is more effective than yellow page advertising.

Reason #1: You Save More Money

The life of any business is money. Without this, it will not run. That is why savvy businessmen are very skeptical when it comes to their expenses.

With yellow page advertising, you pay a huge amount. In fact, for every inch of space in the yellow pages, there is a corresponding price. Imagine how much it would cost you if you had a full page ad? In New York, Manhattan, each inch of space costs ,500 while a whole page ad costs ,000!

With online marketing, you just have to pay for your monthly website, your website design and marketing, which could be less than 0/month to keep your business’ online advertising up and going.

Reason #2: You Have More Space For Content

Space does count when it comes to advertising. If you want your customers to know more about your business, limited space won’t work. In online marketing, you have all the space you need to advertise and promote what you have. In yellow page advertising, you only have a very limited amount of space to work with.

Reason #3: More People Hear About You

Have you ever noticed that when you are surfing the internet, you always come across a lot of things and then you suddenly became interested in them? That’s what online marketing can do for your business. If you know how to optimize your site, then more people will know about you. Can you do this with yellow page advertising?

Reason #4: Online Marketing Is Measurable

Why is this important? With tracking, you always know what are the most commonly keywords used by your visitors and can you monitor everything. When you develop a list of your best keywords, you can generate more traffic to your site and you’ll definitely gain more buyers.

With your yellow page advertising, you’ll have no ideal what prompted a prospect to take action.

Reason #5: You Can Use Videos With Online Marketing

Advertising on television is very expensive right? With online marketing, you get to promote your products or services at a very affordable price and even show your business’ benefits and features through online video. This is more visible and reliable than yellow page advertising which is plain words and photos, right?

Reason #6: You Establish A Relationship With Your Customers

How can you establish a relationship through a yellow page advertisement? With online marketing, you have the chance to develop relationships by sending email tips or online newsletters to visitors who keep coming back to your site. You can also get better business ideas by allowing them to leave comments.

Reason #7: You Can Easily Build Trust And Credibility With Your Visitors

When using online marketing, you have the chance to express your desire to help your customers and not just benefit from them. When you are able to build rapport with them by simply giving them simple ideas for free, you will quickly earn their trust.

Reason #8: You Are The Only Choice

With yellow page advertising, there are a lot of advertisements under each category. If you are the reader and you have 500 choices to choose from, would you still continue? Instead, you’ll probably just hop on your internet and type the keyword of what you want and you’ll have it! That’s online marketing! If you know how to do it right, you will be the only choice of your buyers.

Reason #9: You Can Promote Your Business All Over The World

Can yellow page advertising reach the whole world? Certainly not. With online marketing, the World Wide Web will do the work for you. Your products and services will be known throughout the nations with just a click.

Reason #10: Online Marketing Is Eco-Friendly

Imagine how many trees are being cut down just to come up with yellow pages? Imagine how much waste is thrown out when people dump their yellow pages? With online marketing, you are at peace with the nature. You gain without hurting the ecosystem.

Amazing isn’t it? These ten are just some of the million reasons why you should choose online marketing over the yellow pages. You save money, you save effort, you save the environment, but more importantly you gain more wealth!

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The Top 10 Reasons Why Online Marketing Dominates Traditional Advertising

The Top 10 Reasons Why Online Marketing Dominates Traditional Advertising

Online marketing has become the most successful method of advertising for any kind of business on the planet during the last decade. It is lightning fast and can promote your business to thousands of potential customers daily. As marketing is a primary factor for a long and successful business, the internet facilitates this process in a way that will ensure the maximum exposure to what you are offering.

Traditional marketing is becoming more expensive and slower to produce results. It also requires much more time and effort. It often has to be done by many employees and is restricted by many barriers and regulations which make it hard to get the most beneficial results. Then along comes the internet as it makes the entire globe seem like a short alley rather than a large city where you can reach customers overseas in a matter of seconds. Online marketing is superior to traditional ways of marketing in almost every aspect, and here we list the top 10 reasons online marketing dominates traditional advertising.

1. SPEED

Email marketing campaigns are fast, targeted, cost-effective, highly efficient method of marketing your business. They reach a lot of customers in the shortest time. Traditional mail marketing can take months and a lot of money and effort to generate results.

2. GEOGRAPHICAL RESTRICTIONS

The whole globe can be your customer base when you are marketing your business online, as the internet reaches almost every house on the planet. On the other hand, you are often restricted to local customers from a smaller geographical area when you market offline.

3. MARKETING EFFECTS

Online marketing is based on pull marketing effects, which means that online customers come across your website when they are looking for similar products of yours. While offline marketing is based on push marketing effects, which means you have to introduce your business to every single customer that come into your location.

4. SALES PROCESS

When your business is marketing online, you can make a sale in a matter of seconds; where the customer chooses what product or services they wise to buy, they move to the check out page, pays for the product or services on a secure page, and then receives their purchase. Offline advertising is very different as the selling process is very complex and requires a lot of effort and persuasion and sometimes can’t be completed after all.

5. HOURS OF OPERATION

Your website is self-managed and requires you only to make few changes, and after that it can operate non-stop and can be selling products or services while you are sleeping. Offline stores are restricted to the human active times, this means you open in the morning and close in the evening and you can’t make a sale while you are closed. In other words, the offline selling process has a shorter sales life than the online one.

6. COST OF MEDIA

If you want to make a commercial on TV or radio or a newspaper, you will pay a fortune. While online marketing allows you to make a short video or audio commercial and submit it thousands of media communities and it will cost you next to nothing.

7. LIMITED ADVERTISING LIFE SPAN

When you post an ad online about your business or website, with an article for example, it can be online forever and the place where the ad occupies will be untouched for a long time. On the other hand, offline ads can be only active for an agreed-upon period of time and then it will be replaced.

8. COST PER CUSTOMER

These costs are reasonably low with online marketing but relatively high with offline forms of advertising. They are simply the costs incurred to generate potential customers for the business.

9. CUSTOMER SUPPORT

With one email you can solve all your customer problems and concerns. This process is much more time consuming and require more effort offline.

10. ONGOING MARKETING INFORMATION

It is very easy and only takes a few seconds to collect all the information and data about every aspect of your business when you market online. Offline information and data are stored within piles of documents, where it requires a squad of employees to collect the required information.

As you can clearly see, online marketing is far superior to traditional forms of marketing. Online marketing is all about saving you money, time, and effort; yet brings you the required results you seek and most of the time exceeds your expectations.

Why is Online Advertising Necessary for Offline Businesses

Why is Online Advertising Necessary for Offline Businesses

Business world and the digital age:

We are living in a world which is increasingly becoming digitalized day by day. With the arrival of internet much of the information now is present in the forms of bits and bytes. Internet acts as a data stream which receives and delivers information at a high speed in a more efficient manner. This revolution of technology has more or less turned our world into a ‘web world’.

In this era of cyberspace many people prefer buying online because online transactions are easier and fast, so the companies and the brands also have to change their ways to win this business race in intense competitive environment. These companies and brands have to reach out to the consumers too in a manner which is both reliable and effective to serve the customer’s needs. This two way flow of business information gave rise to online business, which is also called ‘e-business’.

“E-business involves the use of electronic platforms, such as intranets, extranets, and the internet to conduct a company’s business”. (Philip Kotler and Gary Armstrong 2003, p.74)

Online advertising:

E-business gave rise to a marketing phenomenon ‘online advertising’. Online advertising refers to promotion of a product on the internet using various internet features. Kotler and Armstrong (2003,p.89) defines online advertising as the advertising which is visible to the consumer while they are browsing the web and this type of advertising mainly includes banner and ticker ads, interstitials, sky scrapers and other forms.

Need for online advertising:

When the brands and the companies went online, they felt a need for advertising their products in the wired world. This gave rise to online advertising or e-advertising. The basic motive behind online advertising of any company is to become global and attract more business. Advertising online offers a new dimension and a unique charm to the product which is an additive advantage.

How it works for offline businesses:

A question might arise in one’s mind that how and why a car company located in Japan would like to reach to a person in a Middle Eastern country? Well, the answer is quite simple, for why we could say ‘more business’ and for how the answer is ‘online advertising. Online advertising offers many benefits to the offline businesses, such as

Monetary advantage:

Online advertising provides monetary gains to a business which it can’t gain locally. These financial benefits would ultimately lead to a more progressive business which is the dream of every single dweller of the corporate sector. Online advertising might just provide the chance to a local offline business to claim its share in the global market.

Wider recognition:

Online advertising provides an offline business a wide spectrum of recognition. If, an advertisement is posted on the billboard the amount of people noticing it would be way less than the people noticing an advertisement pasted on the internet that is because of more usage rate and also because no time limitations. By advertising online a local business company might just be a global brand one day.

More reach:

Online advertising produces a chance of world wide reach to a company. For an offline business it could offer it international outreach and diverse consumers. Philip R.Cateora and John L.Graham (2003, p.245) says “Internet cuts transaction costs and reduce economies of scale from vertical integration; it reduces the economically optimal size for firms. Lower transaction costs make it easier for companies to develop a global reach”.

High profitability and Security:

Online advertising provides a business with high profitability and makes it secure in competition of international marketing. A secure business is more beneficial and reliable and offers the owner much more satisfaction then an insecure one.

Conclusion:

The art of advertising is necessary for the survival of every business but if you want to succeed you would have to go a step ahead and that is ‘online advertising’. For an offline business it is necessary to make sure that they do not lag behind in this intense race so therefore they to make sure of their grounds in this competitive atmosphere, to fight they would need to advertise and to conquer they would need to advertise online.

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