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â€˜Digital Indiaâ€™ is not just a dream anymore! It is very much a reality now. Be it corporate firms, media agencies, Government organizations, NGOs or small and medium businesses.
Search engine marketing ideally covers the complete paid form of advertising. You can perform a small exercise to figure out how SEM works on search engines and hence how it will work in the best interest for your online business.
Ex: Type whatever you want to search using any search engine (Google, Yahoo, etc..) and hit â€˜Searchâ€™. You may see something like this:
First and the last 3 or 4 results will have â€˜Adâ€™ written below them. This means, that these are highly SEM savvy. A marketer displays ads on search engines in order to:
â€¢ Increase visibility: As it sits on the top of the page, it is more likely to be visible and hence clicked.
â€¢ Increase clicks: High visibility means more clicks. People think that it is on the first page and on the top means it is reliable source (which could be the case), but they do not understand the â€˜Adâ€™ bit here.
â€¢ Scale up brand value: Surfers mainly rely on the first two pages of the search engine, the SEM controlled searches gain more clicks, thus increases credibility and brand recognition.
Marketers bid for certain high volume search terms and concepts related to the main search term, to get a very evident ad placement on the first page of the search engine results.
*SEM is a broader concept which is inclusive of SEO, CPC, display ads placement and so on. But in this blog it is mentioned as separate points, simply to bring out the depth of each concept well.
2. Display Ad Placement
This type of digital advertising is mainly seen on website. The ads displayed are mainly of 2 types:
â€¢ Retargeted ads: For example: if you saw a products on site A and then you closed that site and hopped onto site B and C. The products which you saw on site A earlier will flash on site B and/or C as well. Basically, site A is trying to sell the products you were interested in. This is called retargeting. A wants you to make a purchase and hence wherever you go on the web it will follow you.
â€¢ Informative ads: These ads are never seen by you earlier maybe. They are new to you and performing the basic function of ads â€“ you create product or brand awareness amongst the viewers.
The main contributors for display ad placement are:
â€¢ Impressions: It refers to the number of people who have viewed the ad at least once. So, if there are 5 ads on the webpage, the impressions calculated will be 5 every time one visits the page.
â€¢ eRPM: It signifies, effective revenue per thousand impressions. This term notifies the amount of money earned for every 1000 views this is the standardized method of calculating the monetization of the traffic coming to the website. The higher the eRPM the more money you make.
Cost per click or PPC (pay per click) means that when your display or search engine ads are clicked on, you will pay certain mutually agreed amount to the site per click. For instance, if you get 5 clicks on your ad and each click is worth Rs.5 then, you owe 5Ã—5= Rs.25 to the site. The other alternative to calculate CPC is cost per thousand (CPM), wherein impressions in 1000s are considered regardless of the viewer clicking on the ad or no. CPM is more or less similar to eRPM.
4. Digital PR
Digital or online public relations is no rocket science. What PR professionals do in traditional media â€“ newspaper, events, talk shows, digital PR experts the same online. There are many editions of e-magazines, e-newspapers, blogs, podcasts and so on. PR has proved to be a very powerful and effective tool offline and online it is all the more useful as it boosts your reach, shares and awareness to a wider audience. The main advantage of digital PR is that it is more measurable than traditional PR. You can make use of UTM links and SEO tools to gain insights. You can precisely pull out the exact data you want to understand. It also focuses on evaluating domain authority (DA) and organic opportunities.
5. Social Media Marketing
This term very well known to all of us. If simply put, social media marketing is one of the most vital part of digital marketing. It refers to the process of welcoming traffic or target audience via Facebook, Instagram, Twitter, LinkedIn, YouTube and so on. Social media marketing is highly preferred by the marketers today because of its popularity, high reach and greater visibility. This component is a must in your digital marketing plan. Social media content is highly driven by SEM and SEO.
6. Affiliate Marketing
It is a way to earn commission by promoting other peopleâ€™s or companyâ€™s products. Affiliate marketing is where you find a product you like, promote it to others and earn a piece of profit for each sale you make. It is a very preferred strategy today because of its effects and cost-effectivity.
7. Content Marketing
It is one tool which can help you achieve these objectives. It is not only a cost effective strategy but also a very important arm of digital marketing. If you observe, you absorb it everywhere â€“ social media, advertisements, announcements, emails, blogs, search engines and so on. It is an art of story telling. Digital is not only limited to just blogs and Youtube, it is expanding into OTT (over the top content). OTT includes distribution of diverse content via audio, video and other media by using multiple-system operators (MSO) with internet connection. For example: you can view Hotstar shows on TV, laptops/desktops and even mobile phones. OTT enables wide distribution of content and hence its consumption.
8. Influencer Marketing
Today as the world is becoming a lot more social, marketers want to reach out to their audiences in the best possible channel, time and place. A recent report points out to a phenomena that over 1,800 million people are actively using social media at present. Marketers want to target these people, millennials mostly, who are their consumers by utilizing influencer marketing. Marketers usually tie-up with social media influencers for a particular project or time span (depending on the prominence of the connectivity and impression amongst their followers) to promote their brand and products.
9. Viral Marketing
Be it videos, stories or images everything funny, effective and realistic is viral. It is mainly structured and planned for social media. Are you aware of one day when your Facebook newsfeed doesnâ€™t have a meme or gifs without any likes or comments? It is very effective on social media channels.
10. Referral Marketing
The name says it all. It refers to reference! Your customer will refer your business to 10 others and those 10 will refer to other 20 people. This effect of reference also at power with word of mouth will take place only if you provide quality service and product to your customers.
Customer relationship management is an important element not only in digital marketing strategy alone but otherwise as well. This is recuperating with your customers in condition of crisis or disaster. For example you sold a product to one of your customer and it didnâ€™t come across as the one your customer wanted or it turned out to be defective. Then CRM comes into the picture. You may either give an upgraded product for lesser price or introduce cash backs and so on. Maintaining a healthy relationship with your customer is very important to sustain and scale your business up.
12. Mobile Marketing
It includes in app advertising and promoting your products and services. You can also make use of digital mobile games to promote. Mobile has become a very crucial part of our lives. Be it rich or poor, rural or urban, making use of feasible data packs for entertainment and information is a supernova. Marketers today are exploring all means to reach their customers via the small screen which can easily slip into ones pocket. Mobile is empowerment and confidence to achieve whatever one wants instantly.
Organic Digital Marketing Strategy
Search engine optimization is a part of SEM but the only difference is â€“ SEO is organic. Search engines have always been a major platform to drive bulk traffic to websites. With change in Google algorithms, you need to be extra careful while optimizing your website. Implementing right SEO techniques is the best way to create a Google friendly website. It helps you to maintain SERP (search engine results page) ranking.
Awesome Content + Targeted Outreach + Value Add Preposition = Links
2. Social Media Marketing
Yes, it is mentioned as an arm of paid digital marketing strategy as well. Social media marketing may not necessarily be 100% paid or organic. A combination of both is healthy for the business as paid one will target deeper and more and the organic one will increase credibility.
3. Content Marketing
Similarly, for content marketing, you donâ€™t have to pay yourself for drafting blogs or putting up timely social media content. As discussed above, it is a very vital component in any form of marketing. People see your content be it in the form of text, pictures or videos, and this content helps them to dive deeper into the decisions making process.
4. Viral Marketing
Not all forms of viral marketing is paid or boosted. Agencies thrive harder to get their videos and other content infectiously circulating on the social media. In this quest they end up paying heavily to the agencies or the social media channel directly. A classic example of organic viral marketing is ALS ice bucket challenge. The crux of the content was so crisp that no money was required to be pumped in. Infact, the noble cause got charity in millions.
5. Referral Marketing
If you have a business you can be the spokesperson and communicate your business to your close circle of friends and family, talk about your products and even give testers. All this for free. The word of mouth effect starts rolling from you and ends up reaching to a millions. All this free. The bottom line remains the same in both paid and unpaid form of referral marketing â€“ the product or service needs to be exceptionally true and useful.
It is not necessary that you give cash backs and reduced rates products to your customers to maintain relationships, a kind gesture of acknowledgement in your business â€“ on your social media page or website is very receptive and appreciated by your customer. The recognition is of relevance than the money spent.
Steps for Planning Digital Marketing Strategy
1. Goal Identification
Identify what is your aim for developing a digital marketing plan? Ask yourself why are you creating it? For whom is it? What will it give your business in return? Also, know what your customers are looking for? Answering these questions will make your marketing strategy all the more stronger and relevant. Once you know what you actually want to achieve on the digital platform, measuring your success against the final report will become easy.
With a strong digital marketing plan comes a lot of research. Knowing your target audience (TA) is extremely important, as you will be strategizing, creating and promoting it according to the TA you choose. However, your research shouldnâ€™t be limited, it should include:
â€¢ Target Audience: Depending on the categorization mentioned below you can zero down what and who are you looking out for and how do you want to target them best.
â€¢ Online Market: Which sites are your audience viewing? For how long? What kind of digital content is your competitor marketing to draw users? What are people consuming online? What are they sharing? What is trending online? Where do the gaps exist?
â€¢ Keyword Search: SEO is one of the most vital part of online digital marketing. Which is the most used keyword in the market? Out that list, which keywords will work best for your business for maximum search engine optimization?
3. Unleashing Creativity
Now is the time to sit down with your team and pitch some great digital marketing ideas creative enough to grab eyeballs and attention of your TA. Here campaigns are created keeping:
â€¢ Campaign theme (central idea): What do you want to convey in the campaign? How you want your target audience to react and behave after viewing your campaign?
â€¢ Tagline: This will explain what your campaign is about in as short as a line. Eg: Coca Cola â€“ Open Happiness.
â€¢ Campaign Duration: Here, you need to decide the duration for your campaign. How long you want your target audiences to see it? How much time is adequate to run the campaign for its success.
â€¢ Creatives: A picture is worth a 1000 words! Your creatives are the face of your campaign. They canâ€™t be weak. Creative/ image is what your audience will see first and then decide whether or not to move ahead or dig deeper in the campaign. Hereâ€™s what you need to answer for yourself: How will the creatives be created and what will be the best font, color, texture, copy of the creatives?What will be visually appealing your audience? How your creatives will compel them to click on your campaign and take action? How will your entire feel and look of the campaign make them stay on your page or be glued to your campaign for longer?
â€¢ Duration: Every campaign has a duration attached to it. Typically, your digital marketing campaign can run for 3 months, 6 months, a year or for as long a particular occasion is. Then whether to extend or cut short the actual duration solely depends on your analytics numbers and the campaign effectivity. Example, you can plan summer campaigns, Diwali campaigns or even an Independence day campaign. Here, you need to make sure that the visibility and awareness of the campaign is created and started way in advance. If you are aiming for a summer campaign, there is no point in making your campaign live in Diwali or Christmas. You need to planned and prepared with your campaign well in advance, so that when itâ€™s time, its just the matter of executing your campaign and not creating it from scratch.
â€¢ Digital Channel Mixing: Once you are clear about what and how, itâ€™s time to know where?! Digital marketing is a very vast field with multiple over lapping options. You need to choose whether you want to make use of only paid or only organic digital media? Google search ads or webpage banner ads? You want to use simply content marketing or team it up with referral and influencer marketing as well? You need to choose the best permutation and combination for your campaign.
Social Media or SMS? Mobile or online marketing? Where do you want to distribute your digital marketing content and strategy to reach your correct audience is of utmost importance. Once you have decided the channels you want to make use of, distributing is as easy as 1-2-3! Because on digital marketing buying your preferred media space takes less time than buying an traditional media spaces â€“ newspapers, magazines, TV, etc.
You need to know which type of campaign strategy or creatives worked best. Where is the improvisation needed? How can you draw more audience to your campaign? How your result numbers increase? Also, check whether you have achieved your goals? Did your message reach the audience the way you intended it to? And so on. Analyzing your digital marketing strategies and its effects on the market should be your routine.