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Why You Should Market Your Business Online in 2023

The internet has transformed the way we live, work, and communicate with others. With 5 billion internet users worldwide, which accounts for 63 percent of the global population, the growth of digital connectivity continues to rise at an impressive rate. In the last 12 months alone, internet users have increased by almost 200 million.

People are now more attached to their devices and living in an online world than ever before. From building relationships to getting a divorce, from buying products to paying bills, from traveling to booking tickets, from working to learning new skills - everything can be done at the touch of a button.

Technology has made our lives more convenient than ever before. In this digital age, digital marketing has become a crucial tool for businesses to thrive in the competitive marketplace.

As a brand with a smaller budget, digital marketing is the best way to reach a wider audience and increase your brand's visibility. It can provide your business with better opportunities to increase sales and generate more profit.

  • Building brand awareness has always been a critical priority for businesses, as it can help to establish trust, increase loyalty, and drive sales. With the proliferation of digital devices, internet usage has increased significantly, making it easier for businesses to reach a more extensive audience rapidly. According to Statista, the number of internet users worldwide is expected to grow to 7.9 billion by 2025, up from 4.66 billion in 2020. Online marketing offers several channels to promote your brand, including social media platforms, search engines, and email marketing. With the right strategy, your advertisements or messages can reach billions of users worldwide within a short period. For example, social media platforms such as Facebook, Instagram, and Twitter have over 4.4 billion active users globally, with Facebook being the most popular social media platform, reaching over 2.9 billion active users per month. Moreover, the use of search engines like Google, Yahoo, and Bing has become more common, as people turn to the internet for information, entertainment, and work. According to Internet Live Stats, Google processes over 3.5 billion searches per day, with over 93% of all online experiences beginning with a search engine. Therefore, consistently using online platforms and search engines has proven to be an effective way of rapidly increasing brand awareness. By leveraging the power of online marketing, businesses can achieve brand recognition and reach a wider audience at a lower cost than traditional marketing methods.

  • Cost is a critical factor in any business decision, and marketing is no exception. Traditional marketing tactics such as TV ads, radio channels, billboards, and direct mail are expensive and may not provide the same return on investment (ROI) as digital marketing. Furthermore, they have a limited reach and may not be as targeted as online marketing. On the other hand, digital marketing is more cost-effective and offers a better ROI, especially for small businesses. Paid platforms such as Facebook Ads, Google Ads, and Instagram Ads allow businesses to reach a targeted audience with minimum effort and costs. According to a report by WordStream, the average cost per click (CPC) for Facebook Ads is $1.72, while the cost per thousand impressions (CPM) is $7.19. Compared to traditional marketing methods, digital marketing costs are significantly lower, making it an attractive option for businesses with limited budgets. In addition, online marketing allows businesses to track their campaigns' performance and adjust their strategies based on real-time data, further enhancing their cost-effectiveness.

  • Connecting with customers and building long-lasting relationships is critical to any business's success. Digital marketing provides businesses with various tools and strategies to engage with customers and build trust, leading to increased loyalty and sales. According to a report by Hootsuite, there are over 4.6 billion active social media users globally, with an average of 2 hours and 25 minutes spent on social media daily. Social media platforms such as Facebook, Twitter, and LinkedIn offer businesses the opportunity to connect with their target audience, build relationships, and promote their brand. By creating engaging content and responding to customer queries and feedback promptly, businesses can establish themselves as trustworthy and reliable sources of information.

If your brand is not visible online, you are more likely to lose your target customers to your competitors. As a result, any digital marketer can reach millions of customers by investing a small budget and mastering some basic digital marketing skills.

Inbound marketing involves creating valuable content that attracts customers to your website or social media pages. This type of marketing is focused on providing customers with valuable information and building trust and loyalty.

Outbound marketing, on the other hand, is more traditional and involves reaching out to potential customers through advertising, direct mail, and telemarketing. While outbound marketing can still be effective, inbound marketing has become more popular in recent years due to its ability to provide long-term benefits and build brand loyalty.

One of the most important aspects of digital marketing is search engine optimization (SEO). SEO is the process of optimizing your website and content to rank higher on search engines like Google.

The higher your website ranks, the more likely it is that potential customers will find you when searching for relevant keywords.

SEO involves a wide range of activities, including keyword research, on-page optimization, link building, and content creation. By optimizing your website and content for search engines, you can increase your visibility and attract more organic traffic to your website.

Another critical aspect of digital marketing is social media marketing. Social media platforms, such as Facebook, Twitter, Instagram, and LinkedIn, provide businesses with an excellent opportunity to engage with their target audience and build brand awareness.

Social media marketing involves creating engaging content, running paid ads, and interacting with customers through comments and direct messages.

By building a strong social media presence, businesses can reach a wider audience and create a loyal fan base.

Email marketing is another effective, but often neglected, digital marketing strategy that businesses can use to promote their products and services.

Email marketing involves sending promotional emails to a list of subscribers who have opted in to receive communications from your brand.

The goal of email marketing is to build relationships with customers and encourage them to make a purchase. By creating compelling email content and segmenting your list based on customer behavior and preferences, you can improve the effectiveness of your email marketing campaigns.

Businesses can also leverage mobile marketing, content marketing, video marketing, and influencer marketing to reach their target audience. The key to successful digital marketing is to develop a comprehensive strategy that takes into account your business goals, target audience, and available resources.

By investing in digital marketing and mastering the essential skills, businesses can achieve long-term success and thrive in the new economy. If you are thinking about fast-tracking your digital marketing success yourself, consider taking one of our digital marketing courses in Singapore that provides hands-on practice opportunities and overseas learning experiences!

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