Improve Your Business’ Outreach With Digital Marketing
Oct 02, 2017
10 min read
In the age of digital technology, the internet has become a significant part of everyone’s lives and it is impossible to imagine our lives without it. Nowadays, commerce and business verticals are increasingly heading towards digital marketing techniques and tools. These techniques and tools provide business owners the better opportunities for survival, competition and even business growth.
No matter whether you run a small or large business, digital marketing plays an essential role in enhancing your business’ popularity and outreach.
Most of the businesses are enjoying the merits of digital marketing, you can also improve your business’ outreach by using digital marketing strategies. If you are still not convinced to go digital, then, take a look at the following advantages of digital marketing:
A cost-effective business strategy
Any activity carried out on Social Media does not cost you any money. Digital marketing helps business owners not only in generating more favorable results and acquisition of new customers, but, also saves their money. It is a simple yet inexpensive process. Digital marketing can help you generate high revenue for your business at a low cost.
Builds trust consistently
By posting reliable and credible content and posts on your business’ website, your brand can get listed among your clients and customers. It helps in gaining the trust of your customers and builds a long-term relationship with the clients.
Provides a better communication
An effective online presence of your business can help you communicate well with your target audience. Therefore, it becomes convenient for you to promote the activities of your business among your target audience always.
Popularise your Business
People will follow your business websites when you start posting quality articles and content about your business’ services and products. Digital Marketing requires constant and ongoing efforts and commitment to popularise your business if you have started a new business.
Provides an immediate response
Digital Marketing allows you to reach your customers in a quicker way. When your followers see your content and articles on your business website, it can bring more effective response from your customers instantly.
Connects with mobile customers
Nowadays, smartphones have influenced the purchase behaviour of many customers. The value of mobile customers cannot be ignored in the present marketing scenario, so, digital marketing focuses more on gaining the attention of mobile phone users.
Provides better Online Exposure
When you are active on Social Media platforms, you will definitely have a better business outreach in the online market place. This will also keep you updated about the latest technologies and trends further provide your business a better online exposure.
Conclusion
With the help of effective digital marketing strategies, your business can be prepared for the challenges in the market and stay ahead in the online business world. Reap all the above mentioned benefits of Digital Marketing in the favor of your business. This will improve the growth of your business remarkably. Contact us to seek more information related to Digital Marketing!
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Tips for Brick-and-Mortar Retailers to Improve Revenue Amidst COVID-19
The arrival of COVID-19 has made all the predictions regarding 2020 go astray. All the businesses that were expecting growth and profit during 2020 have to come up with new survival strategies since COVID-19 has changed many things for most of the industries. You will be surprised to know that about 60% of the businesses from all over the world have been closed because of COVID-19 and this number is going to keep on increasing. Although each and every type of industry has been affected because of COVID-19, the one particular sector that has been affected the most because of the arrival of the virus is the retail sector or what people call as brick and mortar retailers. If you are running a similar kind of store and finding it difficult to keep your business alive then it's high time to come up with new strategies in order to improve revenues. The year 2020 might have turned out to be a big opportunity for online businesses but the same year has turned out to be a nightmare for brick and mortar retailers. But in order to make things easy for you, in this blog post, we will not only discuss possible solutions for retail stores to improve their revenue but also go through the current situations and look at the most common issues. The effects of COVID-19 on the retail sector When the dust will settle and COVID-19 will be gone completely, a new normal will arrive in the market and this new normal will include drastically changed human behavior and habits. One such change in human behavior and habit will be a shift from impulse buying to planned purchase. Window shopping will keep on decreasing and this will lead to reduced sales in retail shops. Another trend that you will see on the rise is crisis spending where customers will be restricted to purchase only essential products because of the economic slowdown. The crisis spending will continue to be a part of the consumer habit even after the end of the virus. Another change that we are currently encountering is focused on individualism. For example, you will see that there is a sudden decrease in the demand for group items since gathering is being completely avoided. Tips for improving revenue amidst COVID-19 Just because the current situation is tough and you will have to go through many changes, this doesn’t mean that you should also belong to the 60% of the business mentioned at the outset of the article. There are many retail shops out there that are still surviving and making improvements to their overall revenue. Source: Unsplash Here are some of the tips that you can use in order to improve revenue amidst COVID-19 Increase customer engagement via various mediums If you are running a retail store then you must be aware of the fact that only 20% of your customers produce 80% of your revenue. Since these customers will always remain important for the survival and growth of your business, it is crucial for you to pay special attention to these customers, especially during the current situation. The loyalty of these customers will keep your retail store alive during the pandemic and this is why you can’t ignore them. Whether it is emails, blogs, articles, or newsletters, you will have to use all the mediums possible in order to stay connected with these customers as they should be your main focus, especially when you are struggling to survive. If you succeed in illustrating that you are there for your loyal customers during a tough time, you will be able to nurture your loyal customers. Identify your loyal customers and start making changes to your current strategy. You can follow down on the path of focusing your investment towards marketing efforts and build a presence online. This will help your customers connect with you more easily and you will be able to boost engagement. It will also help you target new customers who are looking for viable options. Localizing your digital marketing strategies will enhance the chances of people finding you and it will eventually bring in business. Leveraging social media Social media engagement has increased multifold over this past year. If you own a brick and mortar retail business, it becomes essential for you to garner an audience for yourself. You can also leverage the platforms in educating the masses about latest trends that you follow or the sanitization process you use to keep you customers safe and whatnot. If you are having trouble bringing in business, do not get disheartened and work towards building a brand. You need to think long-term and set up a digital base for yourself. No matter how local your brand is, you would need to establish a presence digitally to survive what this pandemic has brought on you. Gift cards This might look like a marketing tip from the 90s but you should know that it works really well even during the current situation. Gift cards provide all the different types of retailers with an immediate injection of cash and in addition to this, it also improves repeat purchases among customers as well. You should know that gift cards are an amazing way to stay in front of the audience and it can also be helpful in acquiring new customers as well. Even during the current situation, you can easily send digital gift cards to all your customers and make them feel special. But your digital gift cards shouldn’t be limited to your customers only as you can use them even for your prospects. Enhance your digital presence by structuring your messages The importance of messaging has increased by many folds just because of the current situation. All the firms out there now need to be more sensitive when it comes down to customer’s needs and this can only be done when firms will start reworking their marketing and advertising strategies. If you were running a campaign that included the gathering of people, you will need to make some changes to those campaigns as you will need to show the reality of the current situation through your marketing campaigns. You can’t keep using the same marketing campaign if it doesn’t fit according to the current situation. But this doesn’t mean that you will have to completely change your core branding message as all that you will need to do is to make sure that your campaigns fit like a glove in the current situation. Instead of being opportunistic, you will have to stay authentic during these tough times. Common and regular mistakes in your marketing campaign will mean that customers are less likely to interact with your company. This would be the best time to invest in making your marketing efforts more aligned. You can even get your digital marketing outsourced to save up on the extra expenditure. Working on shipping cost If you are planning for any type of cost-cutting then you should consider your shipping department for such a purpose. If possible, you should start looking for fulfilling your orders manually and you should never forget including local shipping features. If the customers that you are serving are close to your firm then you can offer them a local delivery option in which the local rates will be applied to selected zones. You will have to align the shipping cost according to the current situation. The NEED to move online You should know that because of the shift in consumer behavior during the lockdown, most of the consumers have moved online to purchase goods. There are many countries out there that are still going in for a lockdown because of the second wave of the coronavirus and this will further fuel the growth of online usage. Even people who restricted digital platforms in the past are now moving to it because they have no other options. When the dust settles, people will get into the new normal, the usage of the online platform will keep on increasing. Because of this you will have to shift to the online platform and it doesn't mean complete closure of your brick and mortar shop, it just means having another platform for the consumers to buy your goods. You can simply start by choosing a website developing company and get your website built in a professional manner. There are maximum chances that the website developing company may provide SEO services through which you will be able to rank up in the search results and this will further boost your digital presence. Soon after the shift to the digital platform, you will witness a robust growth in your revenue. Get ready for the new normal because even after the end of the pandemic as consumer behavior and habit will continue to evolve. Now, if you are ready to step ahead and evolve with them, connect with Saffron Edge now! ...
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6 Steps To Succeed With Marketing Intelligence For Your Company
As a business owner or a company leader, you tend to spend a lot of hours dwelling on your company’s marketing tactics. You must have encountered terms like ‘Marketing intelligence’ and ‘Competitive marketing’. So, what is Marketing Intelligence, and what is Competitive Intelligence? Marketing Intelligence is the day-to-day information collected from a company’s market, this data or development metrics are then analyzed and put together to make crucial business decisions such as recognizing important market opportunities, and identifying market penetration strategies that enable the business to boost their revenue in the end. On the other hand, when we talk about competitive intelligence, we mean analyzing the data gathered by studying the company’s market competitors. How can someone map out their company’s process of competitive intelligence? Well, that question may have an elaborated answer. As we dug into several studies and saw various competitive intelligence reports, we found several parameters such as KPIs, goals, and resources, etc. We found out that different companies had a distinct process or a different mechanism behind building their competitive intelligence. The process of building Marketing intelligence emphasizes more on knowing what the rest of the market is doing. It allows you to know about the audiences you can target and tells you the current strategies of your market leaders. Nowadays parameters like CRMs, social media website analytics, audience segmentation tools, etc are helping businesses to grow at a greater pace than ever before. When we talk about investing in Marketing Intelligence, we talk about investing in enhancing your company’s marketing. If you are a business owner, marketer, or company leader, then you must go through these six steps to succeed with effective Marketing Intelligence for your company. 1. Identifying Your Competitors Benchmarking What is benchmarking? When you measure the quality of your product against the quality of those products that are produced by the current market leaders, it is called benchmarking. You need to set your standards and identify your competitors. Competitors can be both direct and indirect competitors. Identify Your Direct Competitors - Do Market Research - Analyze the market of your goods or services. See which companies are selling the same product as you. Which market competitors do you often see in the sales process? Watch out for their products and marketing strategies. Customer Feedback Is Vital - Once you build a decent customer base, make sure to take their feedback on your services and products. You can also ask them about the products they usually prefer to buy from a competitor. They may reveal some new competitors! Social Media Community Posts Or Forums - A recommendation from a friend or a family member influences our buying behavior. In today's digital world, customers take suggestions from social media websites and online forums like Reddit or Quora. You can dig into such posts because they’ll tell you more about your competitors. Identify Your Indirect Competitors Keyword Research - Perform a competitive SEO analysis to find out which brands or businesses are competing with your business in terms of content on Google. Every query on a search engine begins from a keyword. You have to be aware of the keywords that your indirect competitors are using. Analyze Google SERPs - Your indirect competitors might be choosing the same topics that might be valuable for your products or website too. Recognize those keywords that are closely related to your products and services. Analyze the SERPs to spot websites that have similar content or keywords, those websites are your indirect competitors. Paid Data - Go into Google AdWords to evaluate the keywords that are crucial for your brand. Is the competition high for those keywords? If yes, then spot the businesses that are buying ads on those keywords. These paid ads might be competing with your content. Paid data will let you know about the competitors that you weren’t aware of. 2. How To Select The Right Metrics to Measure? Choosing The Metrics to Measure Choosing the correct metrics to measure your brand and performance depends upon your business objectives and your digital marketing strategy. Your strategies must be a mix of both, brand-based marketing and performance-based marketing. But it is not possible to consider everything during the process of building marketing intelligence for your business due to limited resources, therefore, you can focus on the following metrics. Brand-Based Metrics - Demographics of your audience. The shifting behavior of your audience across the web. The intent of your audience and major trends in the category. Performance of your competitors and their tactics on social media platforms?. Performance-Based Metrics - Your competitors’ keyword rankings (non-branded). Your competitors’ website traffic and acquisition channels. Your competitors’ budget for digital advertising on all platforms. Your competitors’ strategies for email marketing, SEO, paid ads, display ads, CRO. Apart from these metrics, when it comes to building a robust digital marketing strategy, you must know the essential details about your competitors like - What is their spend on ads?, What amount of traffic are they driving to their website? What type of content do they post and what is the retention rate? etc. 3. Gather Audience And Intelligence Data Of Your Competitors Intelligence gathering is a prime segment of effective marketing intelligence. Every business or brand collects Marketing Intelligence data in its way. Even local businesses keep an eye on ads that are displayed in the newspaper, on the other hand, large companies create their pool of data by buying data through various platforms. Almost every business in the world focuses on internal data provided by platforms like Facebook Audience Insights, Social Media Analytics, Google Analytics, Excel. It is very important to recognize your competitors’ online presence. This step is a time-consuming step of the research phase. Apart from internal data, try exploring their content that is publicly available such as product pages, websites, project teams, social media content, announcements, etc. You can evaluate this data to gather helpful insights. 4. Design A Competitive Analysis When we talk about evaluating the gathered intelligence data, we talk about breaking down the statistics or information to pull out crucial trends and important details. Once you have these chunks segregated into several other segments, it becomes easier for the whole organization to understand and interpret them. The information can be easily passed on to the whole organization. Design a competitive analysis for your business, it can be done in several ways. You can perform a benchmark analysis wherein you can gather all the information about your competitors and make a separate profile for each of them. Making such profiles are very beneficial because it allows you to see all the details of all the competitors in a single document. You can also perform ‘real-time’ analysis and track their actions. One of the most effective ways to keep track of your competitors’ actions is to set up instant alerts on their product changes, new customer feedback, etc. This will allow you to provide a day-to-day analysis to your team. 5. Communicate The Marketing Insights Throughout The Company Well, it’ll be a waste of time and effort if the gathered marketing intelligence data is not being utilized to enhance your marketing strategies. Therefore, it is necessary to pass on this vital information through some sort of platform to the whole organization. You can use dashboards provided by platforms like Google Data Studio and Tableau. The only issue with such dashboards is that they need to be updated constantly. Automatic dashboards can be costly and challenging for your team because they require integrations and APIs. A large number of companies share their marketing intel through email, some still rely on meetings, others use an internal team chat through communication tools like Slack or Campfire to deliver instant messages or updates to the team. You can also use tools provided by companies like intranet or wiki to deliver alerts to your team and store all the profiles of your competitors. Another way to deliver important updates about your competitors to your team is by choosing the old traditional method of providing slide presentations to them. Slides are simple, shareable, approachable, and can be easily accessed. You can mention your key points to your team and explain to them your objectives in a short time. 6. Convert Data Into Action And Action Into Results What is the ultimate aim of marketing intelligence? Better marketing performance and results, right? Whether you want an increase in sales, more brand visibility, a larger customer base, etc, there can be several different business goals. The most important thing is to link your marketing intelligence with your marketing strategies. Well, we still don’t have those software or tools that can magically build a link between your marketing intelligence and your marketing strategies. We can’t automate them. But there’s one thing that we all can do, it is the process of backing our strategies with our data. The sphere of marketing has evolved significantly. We can now rely on data-driven strategies. Most of the data that was collected in the past 10 years has largely affected the present state of our marketing environment. So whenever you are evaluating or developing marketing strategies, make sure that you come across both, internal as well as external data. So once you have identified your competitors, collected the data, analyzed it, and passed on the information to your organization, you need to convert your data into actions. For instance, the data gathered can be used to tweak your content marketing strategies, social media strategies, A/B tests or it can be used to develop new marketing plans. The data gathered about your competitors’ products or the pricing can be used by your product team or sales team in their sales processes respectively. The process of building marketing intelligence for your company is a very crucial step. As we have discussed earlier, marketing Intelligence is the day-to-day information collected from a company’s market.The data or metrics gathered can be very beneficial for a company. It can help a business like yours in making better business decisions. It can help your team in identifying important market opportunities and can help you to figure out market penetration strategies that can boost your company’s annual revenue. Make sure to follow these six steps to succeed with marketing intelligence in 2021. ...
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Choosing the Right SEO Partner: A Guide to Selecting the Best NJ SEO Company
In SEO Horizon, choosing the right SEO agency is essential to drive more traffic to your website, improve your search ranking, and boost sales. On the other hand, if you choose the wrong agency, your website's ranking may suffer. For any business, having a solid online presence is important to success. However, since many companies aim for the top spot in search results, it can take time to outsmart the competition. To establish an online presence, businesses must invest in effective online marketing, usually managed by an SEO company that can deliver results. Choosing the right SEO partner, especially in a location like New Jersey, can be challenging. In this blog, we'll guide you on avoiding common SEO mistakes and offer key considerations when selecting an SEO agency. Understanding Your SEO Needs Assessing Your Business Goals and Objectives Before searching for an SEO company, clearly defining your business goals and objectives is imperative. Are you looking to increase organic traffic, improve rankings, SEO Help DTC Brands, Website’s Domain Authority or boost conversions, SEO Audits? Understanding your specific objectives will help you communicate effectively with potential SEO partners. Identifying Specific SEO Requirements for the New Jersey Market Recognizing the nuances of the New Jersey market is essential. Local SEO strategies can play a significant role, so check if the SEO company has experience optimizing for the New Jersey audience. Budget Considerations for SEO Services Establishing a realistic budget for your SEO efforts is crucial. While going for the cheapest option is tempting, it is essential to recognize that quality SEO services require a significant investment. Avoid companies offering unrealistically low prices, as they may need more expertise and resources to deliver effective results. Evaluate your budget constraints and find a balance between affordability and the level of service you require. Benefits of Choosing the Right Partner To achieve online success and top ranking on Search Engine, it is crucial to choose the right SEO Partner: Improved Website Ranking: A good SEO company can make your website appear higher on Google, bringing in more visitors. More Brand Exposure: The right SEO company helps more people discover your brand, getting it in front of potential customers. Quality Traffic: It is not just about more visitors, but the right kind of visitors who will likely become customers. Easy Measurement: A reliable SEO company gives you regular reports and stats so you can see exactly how well your website is doing. Core Factors in Selecting an SEO Company in New Jersey Transparency and Communication Effective communication is the fundamental pillar of a successful SEO partnership. Find a company that demonstrates transparency in its operations, willingly discloses its methodologies, and consistently offers updates on the advancements of your SEO campaign. A transparent approach fosters trust and informs you about the implemented strategies well. Customized SEO Strategies A successful SEO strategy must be carefully tailored to align with your business's unique objectives, industry characteristics, and target audience's preferences and SEO pricing guide. A reputable SEO company will thoroughly analyze your business and competitors before planning a customized strategy that aligns with your unique requirements. Technical Proficiency and Innovation SEO is a dynamic field that requires knowledge of the latest SEO trends and technological advancements. Assess the technical proficiency of the SEO company, including their understanding of search engine algorithms, on-page and off-page optimization techniques, and mobile responsiveness. A forward-thinking company that embraces innovation is more likely to adapt to industry changes and deliver sustainable results. Take a Look at the SEO Agency's Work (Portfolio) Start by checking out the SEO agency's website and see if it's easy for search engines to find. Keyword brainstorming is crucial for SEO success. Conducting a session can help identify relevant keywords to optimize your content. Ensure search engines easily find your content by choosing effective keywords.. Also, see how other businesses they've worked with are doing on Google. Look at their website, too. Choose an Ethical Company Prioritize understanding the fundamentals of search engine optimization (SEO) before researching an SEO company. Distinguish between legitimate and questionable SEO tactics by gaining insights into the SEO process, its real nature, and the expected outcomes. Ensure the selected SEO company complies with the guidelines established by search engines such as Google and Bing. Avoid agencies following unethical practices, known as "Black Hat SEO," as they may lead to short-term visitor boosts but risk permanent site bans. Verify whether the SEO agency handles all aspects internally or seeks external assistance from other countries. No Guarantees of Results Avoid companies claiming to "guarantee" specific Google rankings or visitor numbers, as Google doesn't accept payment for priority submissions or higher rankings. A trustworthy agency should adhere to search engine guidelines to ensure high-quality work and proper implementation of the SEO process and, a guide for technical SEO Given that Google frequently updates its search algorithm, choose an agency that stays informed about these changes. Check SEO Company Reviews Examine customer evaluations and testimonials for the SEO company under consideration. Seek additional reviews online, apart from those on the agency's website. If there are numerous complaints, it could signal issues with the company. Evaluate a company's online culture and work ethics by reviewing its portfolio, social media pages, and other information. Detailed Reporting Ask about their reporting practices before you sign any collaboration with the company. Using tools like Google Analytics is good, but they must analyze the site's performance and explain it to you. Make sure you get more than just a report, you need insights to help your business grow. Comparing Price and Service Packages SEO agency pricing can vary significantly, so it is crucial to understand different pricing structures and what services are included. This information equips you to make a well-informed decision when evaluating other choices. 1. Monthly Retainer: This popular structure involves a fixed monthly fee for specified services and tasks. Monthly retainers offer consistent engagement with experienced SEO teams, making them suitable for achieving substantial SEO goals. Small and medium-sized businesses typically budget between $700 and $2500 for SEO services. A higher budget may yield faster results, making monthly retainers ideal for those with competitive SEO targets and financial flexibility. 2. Project-Based Pricing: This model involves a singular, complete one-time fee for an entire project, contingent upon its scope, timelines, and specified goals. Project-based pricing, averaging between $10,000 and $49,999, according to Clutch.co, caters to businesses expressing interest in SEO without an immediate commitment to long-term engagement. It allows organizations to test the waters before committing to extended collaboration, with common inaugural projects encompassing SEO audits. 3. Hourly Consulting Rate: Certain SEO agencies and individual consultants adopt an hourly billing approach, with rates typically ranging from $50 to $150. Suited for enterprises seeking specific guidance on isolated SEO matters, hourly consulting offers flexibility without a fixed, ongoing commitment. This model facilitates targeted solutions to singular SEO needs, maintaining a professional and adaptable approach. Why Setting Up Your Budget is Important? Decide how much money you can spend on SEO services, which helps narrow your options. Remember that SEO might take time to show results, but its impact lasts. It is important to note that higher costs do not always mean better outcomes. Instead, evaluate options by focusing on the agency's track record and expertise. While agencies might provide a vague answer, asking agencies for a rough idea of when you might see results based on your budget is advisable. Be flexible with your budget so it can grow as your business does. If you are on a tight budget, consider starting small with a consultant or specific SEO projects as needed. This way, you can adapt to your financial situation while getting the SEO help you need. Wrapping Up Choosing the right SEO Partner in New Jersey requires careful consideration. You must understand your business goals and research thoroughly to select the best firm. You should also consider important factors such as transparency, customized strategies, technical proficiency, and client-agency relationships. Remember that SEO requires continuous efforts that require ongoing collaboration. Choosing an SEO company that provides a constructive working relationship is crucial. Your customers use Google to search for everything, so having an experienced SEO firm by your side is essential to help you stand out in a saturated market. Saffron Edge is an NJ SEO Company that can assist you in achieving this goal seamlessly and efficiently. With a track record of client satisfaction, comprehensive services, and a commitment to ethical practices, Saffron Edge is a perfect choice for businesses seeking to improve their online search engine visibility. Contact us today to learn more about our services and offerings! ...
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