We currently live in a society dominated by digital technology. If at one time printed materials, advertisements sent by mail, heard on the radio or seen on television were the foundations of the marketing industry, now the focus is online, due to the advantages that the Internet offers to companies.
Many of us remember that not so long ago physical stores were the only way to get in touch with brands, their employees being the main point of contact in communicating needs and obtaining product information. Moreover, we were limited to the environment in question to form our opinion about a business. With the emphasis on the digitization process, however, face-to-face interaction has been replaced by tools such as Social Media, newsletter, email, chatbot and applications, used to improve the customer experience in the online purchase process.
Thus, digital marketing exerts a considerable influence on interactions between people, purchases, habits and work. Even though traditional methods have not yet disappeared, as the number of online purchases increases considerably, it becomes increasingly evident that online marketing is the main option for every business, regardless of its size.
The digital revolution has changed the business environment forever, continuing to represent one of the foundations of the development of companies. This process will continue and even become more pronounced in the coming years, so an understanding of it is important. That’s why we’re going to present some ways digital marketing has changed the business environment below.
-
Immediate communication with consumers
With the help of social networks and messaging applications, a business can interact directly with customers in a short time and easily answer all their questions related to products or services. Moreover, interaction can be maintained even after hours through an automated chatbot, integrated into the website, Social Media or various applications.
This immediate communication is not restricted to a single person, as digital marketing tools allow interaction with multiple consumers. By simply posting on a social media channel, an update on the website or sending an email, each buyer can be informed about the company’s products, services, promotions or discounts.
Nowadays, consumers not only want to have instant communication, but consider this aspect a necessity, orienting their purchasing decisions according to it. For example, according to Microsoft, 90% of consumers consider the interaction with the company a decisive factor in the purchase decision, and according to Salesforce, 89% of them are willing to place a new order following a positive and useful interaction.
-
Remove audience boundaries and limits
Given that marketing is carried out online, it is accessible globally, without major investments. Thus, it gives small businesses and startups the opportunity to gain broad exposure in all corners of the world, while traditional marketing restricted them to certain demographics.
In this sense, we can say that online marketing has balanced the competitive environment. Obviously, companies with larger budgets will have an advantage in this area as well, but the possibility of organizations with small and medium budgets to get noticed and known increases considerably. Using Social Media, a small business has the chance to reach a large audience, as long as it constantly posts and builds relevant and current content. This environment, along with others such as the website, blog and online media, allow small companies to quickly develop their trust, thus being able to compete more easily with brands whose credibility is already substantiated.
-
Productive use of data
To sell a product or service in an effective way in an overcrowded competitive environment, companies need to understand the needs and desires of consumers. With the help of digitalization and online marketing, achieving this goal is significantly easier. Digital marketing tools allow an accurate measurement of the performance and results of the campaigns carried out, with indicators such as impressions, clicks, comments, conversions, retention and so on.
Real-time monitoring of marketing campaigns helps to build improved campaigns in the future, and information on online traffic helps to identify the channels for their implementation. In the end, the data supports determining a marketing budget, but also reducing redundant expenses.
Moreover, businesses can form a more detailed image of their customers and target audience, collecting information about their activity on social networks, website browsing preferences, order history and expressed interests. All this data can contribute to the personalization of products and services, to provide useful information and, implicitly, to meet the needs of consumers.
-
Humanizing the company and increasing personalization
Even though we can recognize the effectiveness of traditional marketing methods like flyers and posters, we have to admit that they weren’t very personal. However, the situation was similar when more and more brands entered the digital space, the overpopulation initially leading to a lack of personalization. To overcome this problem, companies use a number of digital tools to make customers feel valued and valued.
Thus, thanks to certain aspects of online marketing, consumers can now see the people behind the businesses. For example, through articles, images and testimonials present on a website, businesses can develop a closer relationship with their customers. Also, Social Media marketing is another way to humanize the brand. With the help of posts in this environment, a company can more closely describe its activity and respond directly to consumer questions.
Personalization thus becomes a powerful tool, and its benefits are confirmed by multiple studies and statistics. Thus, according to Adobe, 85% of users are more likely to buy a product if the messages about it are personalized and supported by a communication on social networks.
-
Maximizing transparency
Before the predominance of digital marketing and information from relatively unlimited online sources, data on companies’ products and services was limited. In the current context, however, before making the purchase decision, a consumer can consult, with just a few clicks, numerous reviews, blog articles and discussion forums. That is why organizations must maximize their transparency, otherwise the negative consequences can be devastating for their image.
Moreover, given that people have many options at their disposal, transparency is also fundamental for maintaining loyalty. A good example of this is food. A study conducted by Label Insight shows that only 12% of consumers trust the data on the packaging (looking for more information in external sources), although most of them believe that the brand has an obligation to provide this data.
The importance of maintaining transparency and open communication with customers is demonstrated by statistics. Thus, according to the aforementioned study, 94% of consumers choose to remain loyal to a brand that offers transparency, while 73% of them are willing to pay more for a service or product if this condition is met.
These are just some of the changes that digital marketing has instituted in the business world. Navigating the online environment is certainly a complex one, but by using a digital marketing agency, it can become not only much easier, but also more productive.