Launching a new business can be challenging, and excellent advertising plays a crucial role in achieving success. Today, everyone talks about promoting your business online, but why is it so important? We’ve put together a concise explanation of why digital marketing is essential for startups, and what’s more, if you need help scaling your startup Atomic have a team of Digital Marketing specialists with vast experience in bringing startups to market across SEO, PPC, Web Design and Social, should you need assistance. Either way, let’s begin!
We Live in a Digital Culture
Statista.com reports that as of January of 2021, there were nearly five billion active internet users in the world. That comes to almost 60% of earth’s population.
Considering the above, it’s not surprising that just about everything happens online. Consumers typically research a product or service on the internet before making a purchase. Businesses have always tried to show up wherever their target audience is, and today, that means investing in digital marketing.
Costs Less Than Traditional Advertising
When you’re starting a business, you often have a tight budget. With digital marketing, that’s not much of an issue, as most online platforms allow you to test a campaign by investing very little. Then, you can see how effective the campaign is before you decide to pay more.
Internet-based marketing costs much less than radio, TV and most other traditional advertising. Despite the low price tag, you still have the opportunity to reach numerous potential clients simultaneously.
Boosts yOur Visibility
No matter how good your product or service is, you’ll only make sales if potential customers know you exist. Thus, you must find a way to make people notice your business.
Digital marketing provides vast advantages in leveraging visibility because of the sheer number of people who can see online publications. Through your website and social media presence, potential clients find out what your company stands for and become more willing to engage with you.
Helps You Understand Your Target Audience
Startups often find it challenging to know precisely what their customers want. Digital marketing technology allows you to track and interpret the behaviour of those who interact with your posts, advertisements and online store. By studying these metrics, you can hone your services or products to fit your customers’ needs.
Social media advertising campaigns allow you to select specific demographics for your target audience. For example, you can filter by age, location, gender, interests or income. By studying the outcome of each attempt, you can further narrow the segment of internet users you communicate with.
Surveys are another way to discover your audience’s preferences. You can use social media like Facebook or Instagram or send an email containing a link to a questionnaire. Use customer input from these sources to improve your products, services and future campaign targeting.
Builds Relationships with Potential Customers
When you post on a company blog or social media platform, be sure to read user comments and respond to them. In this way, you create a relationship with your audience. People who feel a connection to your brand are likely to stick around.
Drives Web Traffic
A website is one of the most basic forms of digital marketing and, ideally, should be in place before starting email or social media campaigns. That’s because you want to use your advertising to send people to your site. There, they’ll find details about the products or services you offer.
Entrepreneurs need website traffic to grow and develop their startups. Some business owners use search engine optimization (SEO) to increase their site’s credibility, visibility and authority and generate more visitors. If you’re interested in pursuing this possibility, you can find many online articles explaining the concepts you need to get started off on the right track.
Pay-per-click (PPC) advertising is another option for lead generation. You pay a third party site—often a search engine or social media application—to redirect an internet user to your platform. The amount you pay depends on the number of clicks your ad receives.
Leads to Increased Sales
Most businesses thrive on sales: the higher your revenue, the greater your profit. Digital marketing drives more prospective customers to your site, increasing the chances that they’ll make a purchase.
In a Nutshell
Digital marketing has become a crucial skill for every startup. Entrepreneurs face the challenge of making a name for themselves and competing against established market leaders. However, learning to promote your business online can level the playing field.
In short, internet-based marketing is essential for startups because it:
- Allows businesses to connect with a digital culture
- Costs less than traditional advertising
- Boosts visibility
- Provides insights about the target audience
- Builds relationships with potential customers
- Drives web traffic
- This leads to increased sales
It’s worth the time and effort to learn more about how digital marketing can work for your business. If you need support with any digital marketing remit be it Search Engine Optimisation and ranking on Google, Facebook Ads, Google Ads, Conversion Rate Optimisation, Social Media Marketing and so on, Atomic Digital Marketing offers a wide array of Digital Marketing Services to help your start-up thrive.
Get in touch today!