In 2021-22 alone, the Indian government recognised over 14,000 new start-ups with 555 districts having at least one new start-up in 2021 (Source)
For any product or service business these are crucial departments for its survival in the market:
#1 Product Manufacturing / Service Delivarables - Takes care of product or service part
#2 Marketing - Takes care of branding, website, social media, reputation and most important paid advertizing
#3 Sales - Takes care of product or service presentations, following up with prospects, closing the sales & transactions part.
Now let's discuss Marketing:
Marketing is nothing but an effort to bring attention and consideration to a business offerings.
There are 2 main types and several ways to do the Marketing:
> Traditional Marketing (aslo called Offline Marketing)
> Digital Marketing (also called Online Marketing)
TRADITIONAL Marketing
#1 Offline Media Buying
>> Banner & Hoardings
>> Radio Advertisements
>> TV Advertisements
>> Paper Advertisements
#2 Offline Collaborations/Sponsorships
#3 Cold Calls
#4 Door To Door Marketing
#5 SMS Blast
DIGITAL Marketing
Marketing efforts using internet and electronic devices to bring awareness & consideration to your product or service offerings
Digital Marketing can be broken down into 2 categories and their different ways as follows:
i) Organic
ii) Paid (Inorganic)
i) Organic:
A strategy that generates attention & consideration to your business over time rather than using paid methods.
This includes
#1 Search Engine Optimization:
Optimizing your website to be at the top of the search results to ensure that your company's exposure in search engines
#2 Social Media Optimization: Creating and optimizing your social media presence on all major Social Media Platforms where your target market is present to make them aware about your business & services and to drive them to your website to convert them into a lead
#3 Content Marketing: Adding value to your target market with helpful information & resources on all available social media platforms & your website to increase keep your brand on top of your target market's mind to consider you before anybody else.
#4 Online Reputation Management: Review management, Public relations, and customer service tactics
ii) Paid (also called Inorganic):
A paid strategy where you purchase advertising that allows you to specifically target audiences or keywords, instead of waiting for them to find you organically
This includes
#1 Search Engine Marketing (also called PPC - Pay Per Click):
Search engine marketing (SEM) is the practice of marketing a business using paid advertisements that appear on search engine results pages:
> Google Search Ad
> Bing Search Ad
#2 Social Media Marketing:
Social media marketing (SMM) is a form of internet marketing that uses social media apps as a marketing tool:
> Facebook & Instagram Ads
> LinkedIn Ads
> Twitter Ads
#3 Online Media Buying:
A process of purchasing ad space and time on digital platforms, such as Websites, Apps, YouTube, OTT Platforms, etc. like:
> Google Display Ads
> Taboola Ads
> MX Advantage, ZEE5 & Disney+ Hotstar
#4 Email Marketing:
The use of email within your marketing efforts to promote a business’s products and services
> Email Campaigns
> Bulk Emailing
#5 WhatsApp Marketing:
The use of WhatsApp within your marketing efforts to promote a business’s products and services
> WhatsApp API
> WhatsApp Bulk Messaging
#6 Influencer Marketing:
Influencer marketing involves a brand collaborating with an online influencer to bring attention & consideration to its products or services
#7 Remarketing or Retargeting:
Remarketing, also known as retargeting, is a very common and popular form of digital marketing in which we serve ads to users who have visited our website, or a specific web page, and who have or have not taken a specific action. It’s an effective way to target people who have already shown some interest in your business or brand.
Tracking can be done through:
> Facebook Pixel Tracking
> Google Tag Manager
Retargetting can be done throgh:
> Facebook Custom Audience Ads
> Google Display Ads
There is a lot more to learn about Digital Marketing as it is ever evolving industry.
I hope this blog gave you a broad perspective about Digital Marketing.
Please comment below if you want to add some more information to this blog or ask if you have any questions : )
© Shubham Bhalekar