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Posted 13 May 2009 |
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When it comes to apportioning large budgets to Online Marketing, it
tends to only be done by larger businesses. In contrast, most SMEs
stick to the conventional advertising routes, such as leaflets, Yellow
Pages adverts and magazine advertising. This is despite the fact
Online Marketing is very cost effective when compared to offline
alternatives.
Cost isn't the only advantage of Online Marketing though, its also
far easier to measure results, with far greater detail too. The
process of advertising online is also considerably quicker to
implement. In many cases then, for the majority of SMEs, it would be
wiser to allocate their marketing budget mainly to Online Marketing,
not offline.
Taking a look at Webtacular's own Online Marketing services, we
have separated out the advantages of these three advertising
mediums:
Search Engine Optimisation
Since the advent of broadband internet connections, the use of the
web for research and shopping has been explosive in growth. Studies
show that in the region of 85% of consumers have bought products
online. Research from Nielson showed that figure had increased by 40%
in just 2 years!
The key for any website is to rank highly in search engines, as
this ensures maximum exposure when people type in keyword phrases. It's
especially important for websites to rank well in Google who dominate
the search engine market, being the most visited website in the UK.
By ranking highly, websites can receive thousands of visitors a
day. Exposure is far higher than other well used marketing streams,
such as newspapers or magazines. Rankings are normally established far
longer than an offline advertisement too.
One of the biggest benefits brought by Search Engine Optimisation is that ranking well in search
engines allows organisations to market themselves well outside of
their typical geographical areas. By utilising e-commerce technology
to sell online, businesses can effectively make money whilst they
sleep.
Pay Per Click Advertising
Utilising a Pay Per Click service such as Google AdWords is a great
way of promoting your website quickly. In fact, it can take as little
as half an hour to get advertising on most Pay Per Click systems.
You can target people according to exactly what they are typing
into search engines, making any clicks you receive highly targeted.
What if you want to change your marketing tact? You can change your
ads at any stage depending on what ads are most successful.
Unlike offline advertising where you may have to pay for a period
of time regardless of results, with Pay Per Click advertising you can
pause and restart ads at any time. You can even choose the most effective
time of day to run them!
E-Mail Marketing
E-Mail Marketing is an alternative to postal marketing without the
environmental impact. All the benefits remain too, where you can
choose certain target audiences to receive your email. The success of
an email campaign can be improved by using an 'opt in' service. This
is where people have to specifically opt to receive emails, so there
is greater chance your email will be read.
Email Marketing is also far cheaper when you want to be more
targeted, perhaps aiming an email at hundreds opposed to thousands of
people.. Its also great for research purposes, as consumers can give
you valuable feedback easily.
What advantages does Online Marketing have over Offline Marketing?
The facts show that people have made the transition to the web
already. The reason why companies invest more in Online Marketing is
more and more individuals use the internet for finding news, financial
information and business services. For example, research from
Bazaarvoice showed that almost
half (49%) of shoppers in the UK intended to do their holiday shopping
online versus in-store for the year 2008. Another 67% of consumers
in the UK researched products online before buying them in-store.
The internet is great for consumers because they have the ability
to research products and services in-depth. They can gather far more
information over a printed brochure, so why would they waste time
reading one?
Price is a determining factor for many businesses. However, many
are prepared to pay £5,000 for a regional newspaper advert when any of
the above Online Marketing techniques can be far less! They're also
much more targeted, so will be far more likely to give a return.
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