By Akilesh Manchikanti | 2nd October, 2020 | 7 min Read
What is the first thing that comes to your mind when you hear the word adidas,nike or amazon? Did you ever think how these brands have become so famous and the reason for their success? Continue reading this article to get the answers for your questions.
Marketing is the act of connecting with customers with a bid to convince them towards buying a product or subscribing to a service. Marketing occurs at any time when a person or organization strives to exchange something of value with another person or organization. It consists of activities designed to generate and facilitate exchanges to satisfy human or organizational needs or wants.
Marketing can be defined as:
The 4P’s often referred to as marketing mix are the 4 pillars that define the marketing strategy of any organization or a firm. The 4p’s are Product, Price,Place and Promotion,
A Marketer designs the 4P’s for his/her product carefully and according to the needs and interests of his/her customers.
Marketing is working on the mind of another person so that he behaves (willingly) the way you want him to and feels satisfied in doing so. All of us practice marketing in our daily lives by interacting with other people.
Traditional marketing is the type of marketing that is not online. Traditional marketing involves marketing channels such as,
Here is one of the best examples of traditional marketing where CEAT Tyres are promoting their brand through electronic billboards.
Traditional marketing is not only the oldest form of marketing but also the most trusted and well researched form of marketing. Everybody encounters traditional marketing in their daily life such as getting a brochure or advertisements along with your daily newspaper.
Digital Marketing on the other hand includes all marketing channels and methods you can use to promote products or services on the internet and also on electronic devices such as TV’s, mobile phones etc.
Digital Marketing suits any kind of business whether it is small or big. Today most of the customers are looking for products and services online(e-shopping).
According to google, Search Engines drive 93% of traffic to the website. As people hang out online and stay updated with news and information through blogs and e-advertisements, companies have started using digital marketing techniques to grab their attention.
As for February of 2020, Statista reports a 13% increase in digital marketing budget compared to August 2019 (11.8%) in their study.
Internet and Digital Marketing have become important factors in campaigns, which attract and retain online buyers.
The importance and benefits of digital marketing are becoming more and more prevalent everyday. Even small companies with limited budgets are able to reach their target customers with digital marketing.
According to Forbes, 82% of consumers conduct research online and TechCrunch reports that 79% of people shop online.
The important benefits of digital marketing are:
Look at the above graph. A small business can reach 1000 people by spending $2.50 using social media whereas to reach the same 1000 people using direct mails the company needs to spend $57.
Digital marketing eliminates this uncertainty. There are many tools that provide many useful and important metrics like
For example let's say you want to release a series of articles about your new product on social media. By using social media analytics you can see which posts are getting more audience and how people are interacting with your posts. These insights can be used to design future campaigns and produce success.
Let us see how companies like Amazon and KFC ruled the market by using various digital marketing strategies.
Moto: Most of the digital marketing campaigns go unnoticed when it comes to e-commerce.
Action point: When do people crave for new products? When they see them in their daily life either through peers or a window display. Amazon has found out a way to catch their customers interests by giving them the shortest path for product purchase.Amazon has identified channels where their customers are spending most of the time online - Their main objective is “ how can they make their journey simpler?”
Amazon’s marketing strategy on instagram: Amazon’s creative use of instagram stories allows them to promote interviews of popular artists, authors,singers and influencers, with the option to swipe up to purchase their music, books or other items on their website.
Amazon's marketing strategy on Twitter: Amazon mainy uses twitter for humorously engaging with their customers.
Amazon just seems to love Twitter. Aside from the company’s main account, the e-commerce platform has literally dozens of official accounts for different purposes (e.g. @AmazonHelp for support questions, @AmazonNews for company updates, etc.), for different products and services like Amazon Pay or Amazon Echo, as well as for different geographical markets.
By using various social media platforms and different digital marketing strategies, Amazon is able to deliver its services flawlessly and increase the customer engagement with its brand.
Moto: Social media is the best platform when it comes to promoting your brand and engaging the audience.
Action point: The objective of the entire social media campaign that revolved around apps like the Radio KFC RJ Hunt, Design your own bucket campaign, Currycature and Wow Menu option, is to target young audiences who are their target groups and also to develop brand engagement with them. Ultimately the objective was to increase the sales of KFC products in India.
For an example: Design Your Own Bucket was a campaign where the participants had to come up with creative and colorful KFC buckets. It received 5500 entries.
This campaign gave KFC India a chance to connect with the audience and gave them an exciting opportunity to design their own bucket.
Blink created “ Design your Bucket app”. People had a lot of tools at their disposal where they could build the bucket from scratch and upload an image.
At the end of the contest, the winners were given exciting offers and KFC vouchers.
As a result of this campaign KFC was featured amongst the top 5 socially devoted brands by Social Baker. The sales increased drastically and the visibility of their facebook page soared.
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