Digital marketing is really worth it.

Marketing, branding & digital solutions for small business. ted360


Digital marketing is a popular topic and that’s not likely to change as we enter the new year.

Still, there are some businesses that don’t think it’s worth the time and money, wrongly assuming that digital marketing is just a fad.

[source: AllBusiness] This contributes to the fact that 39 percent of American small businesses said they hadn’t executed any marketing initiatives for at least six months, according to a Capital One Spark Business survey.

Deciding whether or not digital marketing is worthwhile comes down to individual companies. However, the majority of small businesses that run the numbers and utilize successful methods discover that digital marketing is the key to greater customer retention and increased returns.

Pros and Cons of Digital Marketing for Small Businesses

If you want to determine if online marketing will benefit your company, you need to weigh both the pros and cons. Here are some of the advantages and disadvantages of digital marketing on a small scale:

Pros: Some of the most prominent advantages of digital marketing revolve around affordability and a quick return on investment. Not all aspects of digital marketing will be in a price range small businesses can afford, but social media marketing, blog content, in-house videos, and customer reviews are all highly affordable. More importantly, these are forms of digital marketing that small businesses can use with ease.

Digital marketing is also an effective way for consumers and businesses to learn more about each other. It’s a much closer connection than might occur with traditional marketing tactics because it allows the two parties to interact directly. According to research by myBuys, 72 percent of consumers connect with brands through an integrated marketing approach. It’s hard to make that many connections with just traditional marketing tactics.

Cons: Small companies often shy away from digital marketing because methods don’t always work. Digital marketing is highly subjective to customers and their habits, and businesses won’t always get strategies right the first time. Unfortunately, many firms choose to listen to stories of failure rather than stories of success.

In order to experience the full benefits of digital marketing, businesses of all sizes must go through a trial and error process in which they learn from their mistakes, change their tactics, and try again. Only then will marketing from a digital standpoint reveal its full benefits.

Start Digital Marketing Today

If you’re a small business owner who isn’t yet using digital marketing, now is the perfect time to start. There are many tactics that can make digital marketing a more prominent, useful part of your strategy. Here are a few ideas:

Form a team or hire a third party marketer. If you don’t have the manpower, the latter is a better option. Your team will need multiple strengths that vary in specialization, from advertising to social media. You’ll also need to assign a healthy budget and instruct your people to use it wisely–but avoid discouragement if they make mistakes at first.

Focus on social channels. This is by far the cheapest form of marketing, since you can join most social networks for free. It’s also the best place to directly engage your customers.

Be willing to constantly improve. As mentioned, much of digital marketing is trial and error. When you make a mistake, you must be ready to change your strategy accordingly. This kind of mindset will help you achieve impressive returns on investments and a successful marketing strategy in the future.

Don’t give up on digital marketing before you give it a valid try. It’s important for businesses of all sizes, and those that wish to stay competitive will make digital marketing more of a priority.

Small Business and the Web

2015 Digital Marketing Survey

How are small businesses adapting to the digital marketing realm?

[source: Clutch] An online presence is increasingly significant and small businesses can immensely benefit from a digital marketing strategy. Clutch conducted a survey to determine the digital marketing tendencies of small businesses, including digital marketing budget, Website creation and updates, mobile application creation, search engine optimization, online advertising, and social media. We then took the survey results to digital marketing experts for their insights.

Digital Marketing

We found that almost half of small businesses dedicate only 20 percent or less of their marketing budget to digital marketing. Small businesses have been slow to adopt digital marketing strategies, even though these strategies can be highly advantageous. Ted Risdall, chairman and CEO of Risdall Marketing Group, addresses small business’s lack of adaption to the Web and to digital marketing as a marketing tactic.

“For the biggest human communication revolution ever in mankind’s history, it’s still surprising to me the adoption rate to really get going on digital marketing. Seems to be 20-plus years now of having Websites out there on the planet that we continue to slowly embrace these different, new ways to do things.”
— Ted Risdall, Risdall Marketing Group

A digital marketing strategy can vary depending on the business. Some small businesses solely want a Website that customers can easily find to learn more about their services. Some businesses want to build a strong online following that can generate leads and conversions digitally. Others are fully committed to an online presence and rely on diverse digital strategies to completely run their business. There is an abundance of options for a business to develop a successful digital marketing strategy, starting with a Website.

Small Business Web Presence

A Website is the fundamental core of an online presence and digital marketing strategy. A Website introduces a business, providing an in-depth description of employees, services, and products. It offers informational substance that is searchable online and is ideally available from any device with an Internet connection. The availability of the Internet on mobile and portable electronic devices increases the need for Websites to be available on these devices. Thus, responsive Websites, mobile sites, and sometimes mobile apps are important for a business’s online presence on any device.

Ted Risdall clarifies the significant relationship between digital marketing and an ample Website.

“We’re seeing a lot more clients start with digital marketing as a foundation. A Website is absolutely a store front online where you have to have to be present, and that’s shifting towards being mobile friendly, too.”
— Ted Risdall, Risdall Marketing Group

We asked our survey participants if their business has a company Website.

  • A substantial 74 percent of respondents said that they have a company Website, however over a quarter of respondents reported that they do not have a Website.
  • Of the businesses that said they do not have a Website, 9 percent said that they have plans to build a Website in the future while 10 percent said that that they are unlikely to build a Website in the future.

ted360 Digital Solutions for Small Business

The high percentage of small businesses with a Website exemplifies the importance of having an online presence, a point that Andrew Ruditser, lead technology coordinator and co-founder of MAXBURST(link is external), emphasizes.

“I don’t know how anyone today can realistically be in business without having a proper online presence. It’s kind of as important as having a professional looking business card. In my opinion you cannot effectively compete or market yourself without a Website, you must have one.”
— Andrew Ruditser, MAXBURST

Even though the overwhelming majority of small businesses in our survey have a Website, 26 percent still do not have a Website and 10 percent claim that their company is unlikely to have one in the future. Joel Swanson, president of public relations at Risdall Marketing Group, attempts to depict who this 10 percent might consist of.

“Maybe some just have one gigantic customer, like the government is their only customer, something like that would make some sense to me. For the vast majority of companies or organizations in general, even if they’re not using a Website to generate leads, like a consumer product might do, Websites are still where people go to vet out a company or organization, find out more about the leaders, and what’s happening in their company, just to gauge whether they want to do business with them, whether it’s a company or organization that fits with who they’re looking to partner with.”
— Joel Swanson, Risdall Marketing Group

Furthermore, Garry Kanfer, Vice President of Big Drop Inc., offers insights on the type of small business that would not have a Website.

“The 10 percent that don’t have a Website, they’re probably old school companies, that don’t believe they need a Website. The only companies that we feel don’t have a Website are startups that are just opening their company. We hardly see any companies today that don’t have Websites.”
— Garry Kanfer, Big Drop Inc.

Overall, we found that those businesses without a Website probably do not rely on any online activity to educate their customers or to generate leads for new customers. These companies are most likely finding their success through traditional methods of marketing or client references and connections. On the other hand, we concluded that businesses that have a Website are finding ways to make their Website adaptable to different devices beyond the standard desktop computer.

Website Improvements and Mobile Presence

We further surveyed the respondents that said their business has a Website, and inquired on how they expect spending on their company Website to change from 2014 to 2015. This includes spending on Web design, Web development, and hosting. Of the small businesses with a Website, almost a quarter expect to increase spending on their Website in 2015.

ted360 Web Design for Small Business

Ted Risdall describes some of the common Website improvements that they have been addressing in the past year.

“One thing that we’re seeing a lot of is wrapping marketing automation efforts and lead tracking efforts into Website improvement efforts, so more on the back-end. We also see a lot of clients now moving towards more compelling types of content, such as video and infographics that take a little bit of resources to implement and create.”
— Ted Risdall, Risdall Marketing Group

Ken Braun, the founder and chief creative officer at Lounge Lizard, explains some of the Website improvement requests that Lounge Lizard have been getting recently.

“We have been getting a large amount of sales leads from companies that want to convert their old Website, which is just for desktop, and make it compatible to the tablet browsing platform as well as the mobile browsing platform.”
— Ken Braun, Lounge Lizard

Andrew Ruditser also clarifies some of the Website improvements that MAXBURST have been responding to, most notably making Websites responsive.

“Most business owners generally understand the importance of a mobile Website strategy. Websites must work across all different platforms and devices that are used in today’s market and they have to work seamlessly. We’re getting a lot of interest and work with companies contacting us and saying, ‘We have this outdated Website. We need a redesign. We need it to be mobile optimized, responsive.’ So that’s a big shift I’m seeing right now with business owners upgrading their online presence.”
— Andrew Ruditser, MAXBURST

For a Website to be user friendly on a mobile device, or on another handheld device, it must either have a separate mobile Website that is built specifically to work on a mobile device or it must have a responsive Web design. A Website with a responsive design is adaptable to the platform that it is prompted to appear on, it is able to change the size of elements on the Web page to fit to a specific screen size.

The respondents that said their business has a Website were also prompted on whether their Website has a responsive design.

  • Of the small businesses with a Website, 56 percent said that their Website has a responsive design.
  • However, 31 percent of respondents revealed that their Website is not responsive, and 10 percent claimed that they are unlikely to make their Website responsive in the future.
  • Moreover, 17 percent of respondents said they have plans to make their Website responsive in the future.

ted360 Wed Design for Small Business

For the small businesses that do not have a responsive Website, but plan to in the future, the time for an update is imminent. The immediacy of this update is of instantaneous importance alongside Google’s new algorithm update, set for April 21, which favors mobile optimized Websites. A Website that is not mobile friendly will suffer in mobile searches and interactions, and small businesses must be aware of how this can affect their mobile presence.

Garry Kanfer comments on the increase of Web traffic from mobile devices and on the need for businesses to have a responsive design Website.

“Everybody wants their site to be responsive due to the fact that, as of today, close to 35 percent to 40 percent of the visits come from mobile devices and tablets, which even a couple years ago was 20 percent. Since small businesses see an increase of visits from mobile and tablets, they understand that it’s mandatory for their site to be responsive. We didn’t take one job last year that wasn’t responsive. When we consult our clients, we explain to them what responsive is, and we explain to them that all of our sites and all of our jobs are responsive.”
— Garry Kanfer, Big Drop Inc.

Ted Risdall expounds reasons that a business might have for building a separate mobile site instead of making a current Website responsive.

“Sometimes it’s not just the site itself being responsive, it’s a whole separate mobile site. Some Websites are so complicated that just trying to make it responsive isn’t going to work. Some of the businesses that say their Website is not responsive might fit into the category, where they’re actually creating a mobile site instead.
— Ted Risdall, Risdall Marketing Group

Instead of updating a Website to be responsive, some businesses might have reason to build a separate mobile Website or a mobile application. A mobile app is a downloadable application that is easily accessible on different devices. Certain types of small businesses might have the need for a mobile presence in the form of a mobile app, either in addition to their Website or as their main presence.

We compared our survey results on whether a small business has a Website and/or a mobile app, and found that the results are heavily skewed towards having a Website. However, there are still some small businesses that find value in having a mobile app.

  • There is a noticeable difference between the two categories, 74 percent of respondents have a Website, while only 15 percent have a mobile app.
  • Of the businesses that said they do not have a mobile app, 18 percent said they have plans to build one in the future while 40 percent said they are unlikely to build one in the future.

ted360 Marketing Design for Small Business

Joel Swanson responds to the lack of small business owners that have a mobile app.

“For a small business, they really need to have a really specific need or engagement type need to justify building a whole separate app. It’s just too big of a budget item otherwise.”
— Ted Risdall, Risdall Marketing Group

Andrey Gabisov, digital director of GLOBAL POINT NY, explains what small businesses would choose to build a mobile app.

“We don’t see our clients invest a lot in mobile apps. Small business, big business, they’re trying to avoid this right now. Except for small businesses that have the application as the cornerstone of their business model, but this is an outlier.”
— Andrey Gabisov, GLOBAL POINT NY

There is a high percentage of small businesses that is unlikely to have a mobile app in the future, an obvious obstacle is the high cost of developing a mobile app. Unless a small business has a distinct need for a mobile app, spending on this high budget item is not of immediate importance. A small business will probably benefit more from updating their Website to be mobile friendly than from building a separate mobile app.

Overall, a good portion of small businesses that have a Website are seeing the benefits of increasing spending and in updating their Websites so they can be available on different devices. It is important for a Website to be available on any device, especially when different digital marketing strategies lead customers back to a company Website.

Digital Marketing Strategies

There are several different digital marketing strategies that small businesses can use to increase Website traffic, to obtain leads and conversions, and to gain loyalty and trust from other businesses and customers. We asked survey participants if their company actively works on search engine optimization, online advertising, such as Google AdWords, and social media.

  • Comparing the three categories, social media has the highest usage, 53 percent of small businesses said that they have an active presence on social media.
  • A similar amount of small businesses said that they actively work on SEO (45 percent) while only 25 percent said that their company does online advertising.
  • Furthermore, 24 percent said that they are unlikely to work on social media in the future, 25 percent said that they are unlikely to work on SEO in the future, and 42 percent said that they are unlikely to work on online advertising in the future.

ted360 Web Design for Small Business

Although each category shows that almost a quarter or more of participants are unlikely to work on one or more of the strategies in the future, respondents are most resistant to online advertising.

“[Online advertising] kind of has a stigma where people feel like paid ads are less likely to be looked at. When done correctly it is extremely effective. It’s not a set it and forget it event. A really effective paid strategy involves proper tweaking to the ads message, budget and target landing page. Trends and other metrics change frequently so you must keep up to date with the campaign. When a PPC strategy is done correctly it can be highly effective.”
— Andrew Ruditser, MAXBURST

Online advertising, such as Google AdWords, allows companies to track analytics and results on a day-to-day basis. Companies are able to look at immediate results and change parameters if they are not acquiring their desired results. Conversely, SEO is a more long-term strategy to increase the organic search reach of a business Website. SEO is important for search results and for getting a business recognized for associated search keywords. By using online advertising alongside SEO tactics, small businesses can be more successful in their digital marketing strategy.

“Paid search advertising should be implemented at the start of an organic SEO campaign. Getting high-ranking organic search listings on the first page of Google takes time. Having paid search results during this ramp up period is more expensive, but at least there’s exposure. As the organic search listings start moving up the ranks, cut down a little on your pay per click. There is more value eventually, at the end of the day, on organic search listings. Potential customers are more likely to click on a natural search result vs. a paid one.”
— Ken Braun, Lounge Lizard

“SEO is a long-term strategy and is extremely important for every business to perform, but results do not happen overnight. If a company needs immediate results, then I typically do a combination of organic SEO and PPC. Paid Ad campaigns, like Google AdWords, provide the business owner with instant gratification. They put a suggested amount of money into the campaign for ads to begin to display to prospective customers. These ads will potentially draw prospective customers to your Website.”
— Andrew Ruditser, MAXBURST

Ted Risdall brings up a valid point, emphasizing that small businesses must have a sufficient Website to cater to the leads from digital marketing strategies like paid advertising and SEO.

“PPC ads are only as good as the Website page that you send them to, once they click through. If those smaller companies have a template Website or a weak system of landing pages to help convert those folks that go to the Website, they-re not going to see as strong of a return. It’s hard to make money on PPC if they don’t have a good place to send them.”
— Ted Risdall, Risdall Marketing Group

For more details on how small businesses are using SEO and PPC see our recent article on╩SEO and PPC in 2015.

Social media is the most widely used digital marketing strategy in our survey, with over half of small businesses saying they have an active presence. However, a quarter reported that they are unlikely to use social media in the future. Garry Kanfer explains the importance of having both a Website and a social media presence.

“I feel that in today’s industry, 25 percent of businesses that are unlikely to use social media is a very big number. When consumers look at your business, most of the consumers want to see who you are. So, in order for them to see who you are and what you’re about, your Website is good, but they also want to look through your social media pages, and they want to look through review pages. Social media pages explain who you are, help you connect with consumers, and help you to gain repeat business.”
— Garry Kanfer, Big Drop Inc.

Social media can be a source for general information and news about a company, a way for a business to interact with its customers, as well as a way to improve organic search results. Small businesses can greatly benefit from social media, allowing them to reach potential clients that they might not have been able to interact with otherwise. Social media and a company Website can be mutually beneficial to each other, as social profiles link to a company Website and a company Website offers customer interactions and news with links to their social profiles.

SEO, online advertising and social media are digital marketing strategies that help Website recognition and traffic. Small businesses have been lagging in their adoption of different digital marketing strategies. Even though 74 percent of respondents have a company Website, overall, small businesses are not utilizing different digital strategies to help grow their online authority. Ultimately, SEO, paid advertising and social media can uniquely benefit a small business’s digital marketing strategy.

“When you start to talk about digital marketing campaigns, they’re often a lot less expensive than other types of campaigns. So the costs in general are going to be a lot lower to do paid search, or content marketing, or other digital campaigns. I think that it actually lowers the entry point for a lot of small businesses that want to get into it in the first place and want to start doing something meaningful. That first something meaningful is having that store front online and being there when people are searching for the kinds of things you do.╙
— Ted Risdall, Risdall Marketing Group

Conclusion

Digital marketing success depends on a business’s goals and on the strategies they use to meet those goals. An ample digital marketing budget is essential, if a business is not allocating enough of their total marketing budget to digital marketing then it is very hard to use certain strategies effectively.

The strategies we included in our survey ideally overlap and complement each other. A Website is crucial to an online presence, and it must be updated to remain user-friendly alongside new technology. SEO, online advertising, and social media are all strategies that point back to a company Website.

Our survey only included some of the main strategies for digital marketing, there are other strategies that we did not address, and there will continually be new strategies that develop. As many of the experts we spoke with pointed out, small businesses can greatly benefit from many of these strategies, yet there is still a delay in adopting them. An online presence is crucial for a small business, as the Web continues to accelerate its influence, online accessibility continues to enable more customer interaction.

Survey Respondents

Clutch collected this survey data from 354 small business owners or managers distributed across the US. The largest respondent group is made up of companies with less than 10 employees and less than $1 million in revenue. The majority of companies surveyed predict relatively flat revenue growth in 2015.

ted360 Web Design for Small Business

 

Digital Marketing

Web design for achieving better results.

Time to Grow Up

Twenty years after the first banner ads popped up online, digital marketing is still in its infancy, according to a recent study from A.T. Kearney and the University of California Berkeley Haas School of Business.

[source: A.T. Kearney] Digital media spending will reach $234 billion in 2015, and within two years, it is projected to eat up half of overall marketing budgets. At the same time, the number of ad blockers globally grew by 69 percent last year, suggesting that more consumers are rejecting digital messages. The loss of advertising revenue as a result of ad blocking is estimated to be $22 billion, or about 10 percent of spending. If this trend continues, which is likely given Apple’s recent incorporation of ad-blocking technology in mobile devices, the loss could reach $75 billion in three years. In addition, waste from ad fraud caused by bot networks amounts to $45 billion.

Six moves can help companies reach best in class for digital marketing:

Move from singular to social. Social media is too often used in a traditional way. Out of the top 50 global brands, 19 still show consumers a filtered selection of the posts on their Facebook wall, according to our study. While that is an improvement from 44 brands two years ago, a massive opportunity still exists to harness the full potential of social networks to engage hyper-connected consumers.

Pay for what you get. Know what you get out of your digital efforts and how that compares to your competition. Then pay only for the impact. In other words, move from pay-for-action to pay-for-result, similar to trends in fields such as law firms and consulting.

Organize your house. Although digital moves fast, marketing is on a “fast trigger”—it should be integrated not only with overall brand objectives, but also with sales, aftersales, customer care, and loyalty strategies as consumer interactions across the entire journey become more digital. In most cases, digital marketing is either fast or integrated because of functional silos and a lack of overarching strategies. Having clear accountability, decision-making rights with budget ownerships, and shared objectives across functions can help overcome this.

Move from centers of excellence to widespread expertise. More than half of companies plan to hire digital experts from technology start-ups in the next 12 months, according to our study. However, while this burst of new talent and specialized experts may be necessary in the short term, the long-term goal should be to embed digital expertise in brand owners. Digital is not a competence, just like TV isn’t one. Rip off the short-term Band-Aid as soon as possible.

Experiment but with discipline. As Twitter and Facebook lose their novelty to newer platforms, continuous and rapid—but structured—experimentation is essential. Don’t give digital a free pass anymore. Establish clear expectations about what to experiment with, pinpoint the right investment, and establish success metrics within a “fail fast, learn fast” culture.

Exploit digital’s true advantage. Understanding each consumer’s unique habits is something marketers only dreamed of five years ago. Now, we can turn a consumer’s digital footprint into personalized and engaging interactions. What is lost in depth of message should be replaced with personalization to achieve the holy grail of marketing: one-on-one dialogue between the brand and the buyer-consumer.
 

Marketing for a Digital World

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The way people spend their leisure time is changing, and successful marketers change their marketing plans to shift with consumers.

According to an article by Mya Frazier for Forbes, Lexus chief marketing officer Dave Nordstrom said that 50 percent of the brand’s marketing budget goes to digital and emerging technologies.

[source: Chron Small Business] Luckily for small business, Internet marketing doesn’t have to be expensive. You may not have the budget to reach people through television advertising, but just about anyone can vie for attention within the online sphere.

Step 1
Ask your existing customer base to take a survey about their social networking habits, in exchange for a product discount. As with any other marketing initiative, you need to understand who your market is and what they’re looking for before you attempt to connect and offer information.

Step 2
Connect with customers on Facebook by designing a company page. You should also have a personal profile on the popular social networking site. Let loyal customers know your page exists by handing out fliers with purchases, or including an announcement in your e-newsletter. For people active online, Facebook is generally like home base. Once you’ve connected with people, you can assess their interests and understand where else they spend time while online.

Step 3
Assess your Web traffic in detail. Sure, you may have a company Website, but you can’t know if it’s doing its job without an analytics application. Pay-for solutions are available, but Google Analytics lets you get started free of charge. Look at what search terms are bringing people to your site. If they’re not relevant to your business, it could be time for a search engine optimization overhaul. If people are bailing from your homepage, you might need to do a usability evaluation of your Website.

Step 4
Get on online indexes, such as Yellowbook and Superpages. Basic listings are free, and getting a presence on these sites increases the number of hits for your business when potential customers run Google searches.

Step 5
Advertise with a group discount site, such as Groupon. Run a deal with one of these sites and your business will practically promote itself. Group discount sites offer price cuts on company products and services, only accessible if enough people join in to “unlock” the deal. Interested consumers pass the link along to their friends, exposing more people to your company. In return for a one-time discount, you gain a network of new customers.

Step 6
Start blogging. Establish yourself as a thought leader in your line of business by reaching out to other bloggers in your industry. Comment on their posts and leave your blog’s URL behind, so they can return the favor. Link your blog to your company’s Facebook page, so customers active online also have the option of following you.

Step 7
Choose other media channels selectively. After you’ve established an online presence, you can track where your customers are engaged to select your next steps strategically. Keeping a few well-managed points of online contact is better than having many subpar channels that you forget to track or update. If customers are blogging about Twitter posts, you might want to consider starting your own account. If they post links to YouTube on Facebook, maybe a promotional video should be your company’s next step.

The Benefits of Digital Marketing for Small Business

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We wouldn’t be writing this article if a majority of small businesses were effectively utilizing digital marketing. Unfortunately, they aren’t.

Studies show that 37% of small businesses aren’t using any type of digital marketing and 54% of all small business owners haven’t set up a single social media account. Yet, there’s a 100% chance that every small business could benefit immensely from developing a digital marketing plan.

[source: Simon Tech Way] If your small business isn’t involved in digital marketing, then you may want to seriously reconsider your marketing strategy. In 2013, Internet ad revenues surpassed that of broadcast television for the first time in history, soaring to $42.8 billion. That’s not to say traditional advertising isn’t effective. However, the Internet has changed consumer behavior as the search for products and services now typically begins online. In fact, 80% of consumers use the Internet to make their search for products and services more convenient. With a majority of consumers connected to the Web, implementing a digital marketing strategy is a must. Contrary to what some small business owners think, digital marketing is not as complicated as it may appear and the effort is well worth it. Studies have proven that employing a digital strategy can increase marketing ROI by up to 300%. Still not sold on digital marketing? Maybe reading about the top benefits of digital marketing will have you convinced.

DIGITAL MARKETING CONNECTS YOU TO YOUR CUSTOMERS

As we previously mentioned, consumers are no longer pulling out their Yellow Pages books to search for businesses. The search now begins online and creating a Website allows you to be seen by the customers that matter most to you. Of course, creating a Website isn’t enough to bring in business. You’ll also have to perform some SEO work to rank your Website higher in Google search results. If you’re looking to understand more about SEO, we’ve created an in depth beginner’s guide to SEO. Pay-per-click is also incredibly beneficial. By implementing pay-per-click advertising into your digital strategy, you can ensure that your Website is the first site your customers see in relevant search results across Bing and Google. To learn more about pay-per-click advertising, you can read our beginner’s guide to PPC as well. Digital marketing will not only put you in front of your customers, it will also help you interact with them. By utilizing Yelp, Facebook, and Twitter, you allow customers to give you feedback on your business. They’ll send you messages and reviews about the things they believe you’re doing well and the areas where they think your business could use some improvement. Social channels allow you to respond to customers’ questions, comments, and reviews with more speed and frequency than ever before.

DIGITAL MARKETING GENERATES HIGHER REVENUES

Marketing touchpoints are any methods or modes of contact between a company and the consumer. Before making a purchase, consumers normally evaluate at least 6 different touchpoints. Those touchpoints include discovery platforms (Pinterest, Wanelo, Houzz, etc.,) blogs, email, direct mail, social networks, social media platforms, consumer reviews (Yelp, Foursquare, Google Business Reviews,) and Google searches. Studies show that if consumers receive 6 different touch points from your brand, then they are likely to spend 4 times as much as any other type of customer. That’s good news for small businesses and yet another reason why your small business should be implementing a digital marketing strategy. By marketing across several digital channels, small businesses are able to effectively promote their messages with more frequency to a wider audience.

DIGITAL MARKETING PRODUCES HIGHER CONVERSION RATES

Digital Marketing allows for more precisely targeted advertising. Facebook users input a whole slew of different information (relationship status, age, job title, education level, interests, hobbies, etc.) that marketers can use to their advantage. Even outside of social media, cookies are used to track the browser history of Web surfers so that they can be fed advertisements based on the Websites they visit. More targeted advertising results in more leads and an increased conversion rate. A small business utilizing a digital strategy could see conversion rates increase as much as 24%.

DIGITAL MARKETING GIVES YOU BETTER RESULTS ON A SMALLER BUDGET

Small businesses are reaping the benefits of digital marketing with improved conversion rates and more leads. What’s even better is that these benefits don’t come coupled with larger advertising costs. In fact, 40% of small businesses are reporting considerable savings after switching more of their marketing efforts to the digital world. For this reason, digital marketing holds incredible value for small business owners as they’re able to stretch their marketing dollars to get better results with a significantly smaller budget.

DIGITAL MARKETING LEVELS THE PLAYING FIELD

In the time before the Internet, small retailers would struggle to compete with the buying power of larger chains. Small businesses didn’t have the money to match the fancy brick and mortar stores or the big budget commercials of larger corporations. The digital world has changed the game. Now the key to success entails creating a crisp, well designed Website with a smooth customer journey. It doesn’t take a huge budget to craft a killer Website. It also doesn’t cost much to create or promote a successful Facebook Ad. You can achieve decent social media results by allotting an hour a day to conduct social listening and create posts. You can also effectively promote your posts by spending just $10 a week on social media advertising. That’s correct, 5 hours and $10 a week can garner results for your business. That’s not a large commitment at all and if done properly, you can craft a digital brand image that compares, or exceeds that of your larger competitors.

DIGITAL MARKETING LETS YOU MONITOR YOUR COMPETITORS

Are you familiar with social listening? Social listening is the art of keeping up with your competitors via watching their social channels. Social listening will allow you to see what people are saying about your competitors, as well as what your competitors are posting and what kind of social media success they’re seeing. You can conduct social listening using tools like Google Alerts or Social Mention. We cover social listening with more depth in our post on maintaining a positive online brand image.

DIGITAL MARKETING IS SIMPLE TO MEASURE

It can be difficult to track ROI with a traditional advertising campaign. How many customer’s did your new television, print, or radio commercial bring in? Unless the ad contained an exclusive discount, it’s hard to estimate. On the flip side, there are all kinds of tools marketers can use to measure their digital return on investment. If you’re running an email campaign, you can assess your success using several key metrics from your email service provider. You can track your click-through rate, bounce rate, and conversion rate in order to calculate your revenue per email sent. If you’re running social media ads, you can view the post interactions as well as the click-throughs to any Website links that you’re posting. The ultimate goal is to drive traffic from your social accounts to your Website. Once you’ve analyzed how many users are clicking your post to your Website, you can then track their movement through your Website with the user flowchart tool in Google Analytics. With Google Analytics, you can measure your conversion rate based on the number of new visitors that reach your desired conversion goal, whatever that may be. We’ll cover the basics of Google Analytics in the weeks to come.

DIGITAL MARKETING ALLOWS YOU TO REFINE YOUR STRATEGY IN REAL TIME

If you wanted to modify a television or radio campaign, it would take days or weeks to do so. With digital marketing, you have the ability to track your results in real time. If you find that a campaign is under or over performing, you can adjust accordingly by modifying the budget or the ads. Any changes that you feel need to be made to your campaign can all be performed within the time frame of a day.

DIGITAL ADVERTISEMENTS ARE NOT INTRUSIVE

People generally don’t like receiving sales mail shots or phone calls at inconvenient times of the day regarding things they have little to no interest in. Online, people have the choice to opt in or out of communications and they’re often very relevant because the user was either directly targeted or was the one searching for the brand in the first place. Data collected by the Pew Research Center found that 81% of online users don’t mind online advertisements at all. If you want to convert potential customers, it would certainly be beneficial to avoid annoying them.

DIGITAL MARKETING HELPS PREPARE YOUR BUSINESS FOR THE INTERNET OF THINGS

The Internet of things is the proposed development of the Internet in which every normal everyday object with an on and off switch would be transformed to have Internet connectivity. Things could include washing machines, coffee makers, watches, lamps, and more. All of these items could be modified so that they are able to send and receive data. The analyst firm, Gartner, predicts that by 2020 there will be over 26 billion devices connected to the Internet. The real world is becoming increasingly attached to the digital world and it’s important that every business adapt by developing a digital presence.