Basic Concepts of Online Marketing
Written by ABC AUDIO on September 24, 2022
The widespread adoption of the Internet for business and personal use has resulted in many new channels for advertising and marketing engagement, including those mentioned above. There are also many benefits and challenges attached to online marketing, which uses digital media primarily to attract, engage, and convert virtual visitors into customers.
A key benefit of using online channels to market your business or product is the ability to measure the impact of any given channel, as well as how visitors gained through different channels interact with your website or landing page experience. From visitors converting to paying customers, further analysis can be carried out to determine which channels are most effective in acquiring valuable customers.
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Online marketing is the practice of utilizing web-based channels to spread messages about a company’s brand, product or service to its potential customers. Methods and techniques used for online marketing include email, social media, display advertising, search engine optimization, and more. The goal of marketing is to reach potential customers through the channels in which they spend time reading, searching, shopping, or socializing online.
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Before online marketing channels emerged, the cost of marketing a product or service was often expensive, and traditionally difficult to measure. Think of a national television advertising campaign, which is measured through consumer focus groups to determine the level of brand awareness. These methods are also not suitable for controlled experiments.
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Today, anyone with an online business (as well as most offline businesses) can participate in online marketing by creating websites and creating customer acquisition campaigns for little to no cost. These marketing products and services also have the ability to experiment with optimizations to improve the efficiency and ROI of their campaigns
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