Online marketing from Yoma.co.uk is an inexpensive marketing platform where small and medium sized companies can compete with much larger competitors, ones with deeper pockets, better financing and larger marketing departments. Simply put, online marketing is a tool that reduces a company’s costs of finding sales prospects and converting those prospects into long-term customers. While traditional marketing approaches are based on advertising strategies of print, radio and TV, online marketing is based on reaching a global audience by improving the company’s website and growing its online audience.
The Influence of Online Advertising and Marketing
When thinking of online marketing think of pay-per-click (PPC) advertising campaigns. Think of banner advertising on company websites, forums and social media platforms. Think of text link advertisements, ones where individuals are able to read content and see advertisements at the same time. Think of the power of social media and how today’s companies are able to leverage their popularity by building large followers on social networks. Think of how inexpensive building that audience is through social media, one where friends and family members reference favourite products and services. Finally, think of the power and low cost of video advertising and how a single viral video can catch an individual’s imagination. Each of these aforementioned strategies are examples where online marketing reaches a global audience at a fraction of the costs of outbound strategies.
The Low Cost of Online Marketing
Ultimately, low costs translate into a better bottom line. Companies that adopt online marketing strategies are ones that are able to measure the performance of their campaigns at a microscopic level. This ability to measure success or failure is essential to lowering costs and identifying stronger marketing strategies. It is a benefit that other strategies simply cannot match. In order to define the costs and effectiveness of other marketing strategies, a company must have a marketing department that is able to track where leads come from and how successful individual print, radio and TV advertisements are. Tracking the success or failure of these strategies is problematic, costly and rarely, if ever, accurate.
Bottom line, online marketing works because it allows smaller companies appear larger than they are. It gives them the ability to reach a much larger audience than if they relied solely on standard marketing approaches. Most importantly, online marketing is an inexpensive marketing platform that reduces costs and improves profit.