Marketing
strategies are important for every business to promote their products/services.
The two most common choices are traditional and digital marketing. Large
companies can spend tons of money on marketing. But this is not possible for
every company. While larger companies have a high budget for advertising both
traditionally and digitally, smaller companies have a limited budget. Hence,
they should make the right marketing decision.
What is Traditional Marketing?
It is a conventional marketing strategy that includes several offline advertising methods to reach customers. It is the oldest type of marketing and it still holds up with time, but may not be as effective as it was before. Everyone comes across various traditional marketing forms like newspaper ads, billboards, etc.
Advantages:
Familiar among everyone
Easily attracts local customers
Promotional materials can be kept until recycling
High proven success rate
Disadvantages:
No customer interaction
Takes a toll on the budget
Low response rate
Takes a long time to update
What is Digital Marketing?
It
refers to the marketing strategy which has been undergoing constant development
since the introduction of the internet. It is the most popular marketing
strategy and is adopted by every company nowadays.
Advantages:
High customer interaction
Measurable effectiveness of the campaign
Cheaper than traditional marketing
Easily updated
Disadvantages:
More time-consuming
Gets easily ignored
May be annoying and irritating to some people
Are temporary and easy to miss
Customer Engagement:
Traditionally,
a newspaper ad or billboard is released in the hope of people seeing it. You
may never know their reaction or interact with them. While in the digital era,
you can view the response to your Instagram post or YouTube ad and can interact
with the people through the comment sections directly.
Measuring Return on Investments:
While
distributing flyers, brochures, or any kind of print materials, you can’t be
absolutely sure how many customers have seen it. But, digital marketing tools
like Google Analytics helps you in viewing the results of your marketing
campaign in real-time.
What to choose?
It
is solely based on your requirements. If you want to get some local customers,
you can use traditional marketing strategies using local TV and flyers. If you
want to improve your existing customer base, or if you want to attract the
millennials, digital is the way to go. For a start-up trying to get some
customers, digital marketing is ideal due to the limited budget.
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