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DIGITAL MARKETING AND ITS IMPACTS ON SMALL BUSINESSES

Apr 17, 2024 | EDIIFY Blogs

digital marketing and its impact on small businesses

Introduction of Digital Marketing

What is digital Marketing

Digital marketing refers to the use of digital channels, platforms, and technologies to promote products, services, or brands to reach and engage with potential customers. It encompasses a wide range of online marketing tactics and strategies aimed at reaching target audiences through various digital mediums such as websites, search engines, social media, email, mobile apps, and more.

 

Some common components of digital marketing include

                    

Digital marketing - SEO

 Search Engine Optimization (SEO): Optimizing website content to improve visibility and ranking of the website  on search engine in order to attract the organic(unpaid) traffic.

 

 

 Search Engine Marketing (SEM): Paid advertising on search engines like Google, where advertisers bid on keyword where advertisers bid on keywords to have their ads displayed prominently in search results.Digital Marketing - SEM

  Social Media Marketing (SMM) : Using social media platform such as Facebook, twitter, Linked in order to connect with target  audiences, build brand awareness

  Analytics and Data-driven Marketing: Using data analysis tools and techniques to measure the performance of marketing campaigns, track  user behavior and optimize marketing strategies for better results.

types of advertising strategies

 

How Digital Marketing Impacts Small Businesses

Brand Recognition

All businesses want their brand to be known by as many people as possible; however, for small and developing businesses brand recognition is especially important. Having an online presence is a vastly effective way for businesses to connect with prospective customers and increase awareness.

Boosting Rate of Investment (ROI)

Digital marketing has over 4x higher ROI than other marketing formats. Therefore, even if your small business is running low on your budget, investing in online marketing has demonstrated greater profit than traditional methods.

Higher Conversion Ratings

Conversion ratings for businesses are the generated revenue based on a business’s marketing tactics.

 

 TODAY’S PRESENT WORLD

Overall, digital marketing has a transformative impact on small businesses, empowering them to reach their target audience more effectively, compete in the marketplace, and achieve sustainable growth in today’s digital age. Digital marketing has a profound impact on small businesses, offering numerous advantages and opportunities for growth.