At its core, a digital marketing strategy is a plan that outlines how your business will achieve its marketing goals via online channels like search, social media, email and content marketing. It's about defining and executing a clear sequence of steps that will help your team stay on track, align with your sales team strategies and ultimately drive business growth. Those steps aimed ultimately at increasing your online presence, reach and interest in your product.
In the constantly evolving digital landscape, taking a strategic approach towards your digital marketing is crucial, but with so much jargon, deceptive tactics and impersonal channels, it can seem perplexing. This blog aims to simplify and explain what digital marketing strategies are, what they should include and the core principles that can guide SME’s like yours in implementing them.
Table of Content
How to Prepare a Successful Digital Marketing Strategy
An effective digital marketing strategy should include the following elements:
1. Clear Objectives: What are you aiming to achieve with your digital marketing efforts?
2. Target Audience: Who are you trying to reach and what platforms are they using?
3. Competition Analysis: What are your competitors doing and how can you do it better?
4. Tactics & Channels: Which digital marketing tools and platforms will you use?
5. Content Strategy: What type of content will you create to engage your audience?
6. KPI’s: How will you measure success and over what time frame?
The 8 key Digital Marketing Methods:
1. Search Engine Optimisation (SEO): This is a form of digital marketing that focuses on a website's presence in search engine results with the aim of increasing quantity and quality of traffic to your website. The more your material appears, the more likely people will navigate to your website.
2. Content Marketing: Refers to the creation and sharing of online materials like blogs, videos and social media posts. It doesn’t necessarily have to explicitly promote your brand but it is intended to stimulate interest in its products or services. This blog for example is stimulating an interest in digital marketing strategies with a view to outlining the benefits of using a digital marketing agency.
3. Pay-Per-Click (PPC): Is a model of internet marketing in which advertisers pay a fee each time one of their ads is clicked. Essentially it's a way of buying visits to your site by advertising your brand or product on someone else’s site particularly if they have high traffic already. If someone clicks your ad to visit you then you pay the host site for that click.
4. Business Branding: Creating a unique name, logo or symbol that identifies and differentiates your product from other products. An impactive brand gives you an edge in an increasingly competitive marketplace. Inclusivity and community does not mean “samey”.
5. Social Media Marketing: This is quite possibly the most used form of digital marketing, from individual people to large corporations, the use of social media platforms to promote a product or service is the foundation of modern day marketing. It involves creating and sharing content on social media networks to raise awareness of your brand and ultimately drive traffic to your site.
6. Conversion Rate Optimisation: Is the process of increasing the percentage of website visitors who complete a desired action on a web page, such as filling out a form, into paying customers.
7. Website Design: The planning, creating and modernising of websites. It also includes skills and considerations including information architecture, website structure, user interface, navigation ergonomics, website layout, colours scheming, font uniformity and imagery and icon design.
8. E-Marketing Analytics: Is the collection, measurement, analysis and reporting of all of the above methods of marketing with a view to guiding the allocation of resources and budget to the most likely to result in better Return of Investment. In other words where you get more bang for your buck.
Small and Medium Enterprises (SMEs) should have a digital marketing strategy for several key reasons:
1. Greater Visibility: As we are continually being told, customers are increasingly turning to the internet to find and research products or services. So naturally having a robust digital marketing strategy ensures that SMEs have a visible presence where their customers are looking.
2. Cost-Effective: Digital marketing is more cost-effective than traditional large audience marketing methods. It allows SMEs to reach a wider audience at a lower cost. A quick search online tells you that a 4 week local radio ad can cost between £4k & £10k!
3. Level Playing Field: Digital marketing provides SMEs with a platform to compete with larger, established businesses. They can stand out by focusing on a specific niche or providing superior customer services to a relevant targeted and receptive audience.
4. Targeted Marketing: Digital marketing allows SMEs to target specific demographics, locations and even behaviours. This type of market analysis and knowledge leads to higher conversion rates as businesses are marketing to those most likely to be interested in their product or service.
5. Improved Engagement: Through social media and other digital platforms, SMEs can directly engage with their customers to build relationships, receive feedback and improve customer satisfaction all in the goal of raising awareness of your brand.
6. Measurable Results: One of the greatest benefits of digital marketing is the ability to measure the success of a campaign. How do you really know how many people are listening to that local radio ad? Through analytics and key performance indicators (KPIs), SMEs can adjust their strategies based on what is working and what isn’t in real time, within a day if needs be.
In a nutshell, digital marketing and a proper strategy to implement it, is critical for the growth of SMEs. It offers a platform to understand the market, the competition and the customers. It allows you to tap into new markets, attract and engage interested customers and ultimately drive business growth.
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