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Monday, August 28, 2023

7 Effective Digital Marketing Strategies for New Businesses

A computer surrounded by digital marketing symbols.
Digital marketers see marketing strategy as a long-term business approach aimed to achieve a specific goal or set of goals. These strategic goals are many and varied but in digital marketing the goals are mainly aimed at increasing brand awareness, driving sales, or engaging a particular target audience. They involve detailed plans outlining how you intend to reach your goals, which channels you will use, and how you will measure your success. Digital marketing strategies usually cover a wide range of techniques that include Email marketing, PPC ads, affiliate marketing, content marketing, search engine optimization (SEO) and social media and influencer marketing. However, the best and most effective strategies depend on your business goals, target audience, budget, and the industry of your business.


 
In today’s business world, digital marketing strategy is a must particularly if your business is new and you want it to survive the fierce competition online. Out there on the internet, it is about the most cost-effective way to reach a large audience, engage them, and convert them into customers. Understanding your audience and their needs is really the key to a successful digital marketing strategy. That entails providing real value for them not by merely pushing products/services to them. Doing so not only helps to improve customer satisfaction but also fosters customer loyalty and drives long-term business success.
 
Following are some 7 tested and tried digital marketing strategies that can greatly benefit your new business:

1. Content Marketing: Content marketing is readily the most popular marketing strategy among digital marketers. It simply involves creating and sharing valuable content to attract, engage, and convert your audience. Your content can only successfully do that if it is of high quality, informative, impactful and even entertaining.
 
2. Social Media Marketing: These days, social media is where most people are at 24/7. It has become one huge market out there where millions of people can be reached with marketing messages. This is more so on the very popular social media platforms like Facebook, Twitter (or X as is presently known), LinkedIn, Instagram, Pinterest and the likes. These social media platforms offer a great way to reach your audience, engage them, and promote your products/services to hundreds of millions of people.
 
3. Email Marketing: Email marketing may be “old school” but it remains a very effective marketing strategy. It is cheap to use, convenient and cost-effective as well. Email marketing allows you to directly communicate with your audience. With email marketing, you can easily send in a matter of seconds, marketing messages to hundreds of thousands of your subscribers by just pressing a computer button. Through email, you can easily provide your subscribers with valuable content and promotional messages of your products/services.


 
4. Influencer Marketing: Influencer marketing leverages heavily on the huge popularity of social media. Most influencers are high profile social media personalities. Influencer marketing involves collaborating with influencers in your niche/industry to reach their very large followers to promote your products/services. Some influencers can directly endorse your products/services and even recommend them to their large followers.

5. Search Engine Optimization, SEO.  SEO is a digital marketing technique that helps to make your content visible to search engines. With the tactical use/insertion of carefully selected keywords on your content, search engines can rank the content high in their SERPs. That translates to good organic traffic to your website. If well utilized, SEO can help your website to rank higher in search results. This helps to drive good organic traffic to your site.
 
6. Affiliate Marketing: Affiliate marketing is a marketing strategy that involves partnering with affiliates to promote your products/services in exchange for a commission on each sale generated. Affiliates are independent business persons who decide to help product merchants promote their products/services in exchange for commissions on each sale they help generate. They do this by promoting unique affiliate links/codes on their content for easy attribution and payment of commissions on the sales generated through the links/codes.

7. PPC Advertising: PPC ads are very effective ads because they are laser-targeted. These ads allow you to reach a larger audience and drive traffic directly to your site. These ads are best run on paid ads platforms like Google AdWords or Facebook Ads. You only get to pay for each click when delivered to your website. PPC ads may cost good money but they are very effective ads and therefore highly suitable for new businesses.

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