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5 Digital Marketing Strategies to Push Your Company Forward in 2022
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Digital marketing is quickly becoming the most popular way to advertise businesses, leaving traditional marketing media behind. It is cost-effective and opens up avenues to market products and services to consumers that print media and radio commercials cannot compete with.
If you are going to push your company forward in 2022 and beyond, you need to take digital marketing seriously and use strategies that can help you increase your customer base and consumer spending. Here are five commonly used digital marketing techniques that have helped many businesses push up their profits.
Mine Your Data
You may not realize it, but you are sitting on a goldmine of information that can help you to increase sales and push up your profits. The first-party data that your business generates include customer feedback and CRM data, completed customer surveys, and data from on-site purchases.
The best thing about this data is that it is yours, you own it. Once you begin to tap into its power you will wonder what took you so long to start using it. With this information, you can create a profile of your ideal customer and use demographic data to see who uses your business the most and how they are spending their money.
There is software that can help you sift through the reams of ones and zeros, and learning more about digital marketing tools would give you the knowledge you need to maximize the impact of the data. You can use your existing customer data to both target them more effectively and to find new customers.
Personalize Your Marketing
By taking advantage of all the consumer data you have you can give your customers a more personalized shopping experience. The data can also allow you to use tried and tested marketing methods like special offers and coupons that are directed at specific customers.
You can increase your yield from your existing base to push up your profits and invest them in marketing drives that attract new consumers. This can be as simple as a personalized marketing email to changing the way each individual user experiences your website with custom images, banner ads, and product displays tailored to their tastes and preferences.
Smart shopping sites are already automating marketing to specific consumer actions. If a customer leaves the site with products in their cart, they will receive a notification that prompts them to complete the sale or save the shopping list for later.
Add AI to Your Marketing Arsenal
Artificial Intelligence is being used across a wide variety of industries to find new efficiencies and even to develop new products. No matter how big or small a business is, there are AI tools and software that can help them to analyze vast amounts of data quickly and draw reliable conclusions.
You can gain insights from machine learning that humans cannot spot, and it can even help predict consumer behavior. This level of information can inform your advertising both on and off-site and help you to identify niches in consumer demand that you can fill.
The difference AI can make should not be underestimated, and marketing tools and strategies that utilize it will be far more common in the near future.
Make Security Part of Your Marketing
Consumers know that a lot of their data is out there and that when they create an account on an eCommerce website, they are handing over important and sensitive information. Protecting their data can be a marketing opportunity, giving them reassurance that their data is secure and kept private.
This often encourages people to shop with you over other sites and also encourages them to share more information. The more data you have the more effective your digital marketing will be. By making customer privacy and data security an element of your strategy you can increase consumer confidence and create a richer database of consumer information simultaneously.
To harvest even more precious data, consider using discounts and offers as incentives for customers to complete surveys, product or service reviews, or fill in a questionnaire.
Harness the Power of Social Media
No matter how big your business is, you need to be using social media to market your products and services. Local companies thrive when they harness the power of apps like Facebook, Instagram, and Twitter. The geolocation data that these apps use lets you pinpoint customers in your area, often when they are searching for businesses like yours.
Even if you supply nationwide without an outlet or main street store, the data and search history that these apps have on their users lets them match your business to consumers. This level of targeted marketing can drive big boosts in sales very quickly and having active accounts on the apps gives you a new way to engage with your customers.
Just one of these strategies is not enough, it will take all five to push your business forward and beat your competitors in 2022 and beyond.
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Gain the knowledge and develop the expertise to become an expert in Digital Transformation. Our frameworks are based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. Click here for full details.
Digital Transformation is being embraced by organizations of all sizes across most industries. In the Digital Age today, technology creates new opportunities and fundamentally transforms businesses in all aspects—operations, business models, strategies. It not only enables the business, but also drives its growth and can be a source of Competitive Advantage.
For many industries, COVID-19 has accelerated the timeline for Digital Transformation Programs by multiple years. Digital Transformation has become a necessity. Now, to survive in the Low Touch Economy—characterized by social distancing and a minimization of in-person activities—organizations must go digital. This includes offering digital solutions for both employees (e.g. Remote Work, Virtual Teams, Enterprise Cloud, etc.) and customers (e.g. E-commerce, Social Media, Mobile Apps, etc.).
Learn about our Digital Transformation Best Practice Frameworks here.
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About Shane Avron
Shane Avron is a freelance writer, specializing in business, general management, enterprise software, and digital technologies. In addition to Flevy, Shane's articles have appeared in Huffington Post, Forbes Magazine, among other business journals.Top 10 Recommended Documents on Social Media Strategy
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