If you want to understand the importance of digital marketing in today’s day and age, then you need to know that there are various factors that influence it. We’re going to walk you through each. But first, let’s understand what the scope of digital marketing looks like.
In 2021, the growth of digital marketing was very drastic. It gave us some splendid numbers and it is projected to beat those numbers in 2022. This article will give you insights on the increasing importance of digital marketing in 2022.
The scope of digital marketing is very vast. As per digital marketing statistics, about 60% of the population of the world uses the internet. It rose by 20% in the past two years due to the pandemic with many businesses going online.
Hence, It is safe to say that it is the fastest-growing form of marketing owing to its high reach, visibility, and measurability of results. Very soon it is moving towards being the primary focus for all advertisers.
But how did the pandemic affect this industry and how did it emerge out stronger? Let’s find out.
Importance of Digital Marketing Pre and Post Covid-19
The Covid-19 pandemic has truly transformed how businesses carry out operations. With health and safety concerns many businesses opted to virtually market their brands and also take customer interactions online. Right from groceries and medicines to clothing, the world has taken to the internet.
Let’s talk a little about the pre-covid era. Small businesses in India account for about 95% of the country’s economy. Many of these small to mid-sized companies did not believe in their capabilities when it came to technology.
However, with the Covid-19 pandemic hitting the world, there came a need to adapt. Change is a constant need for effective evolution – there was a complete digital transformation in business overnight. According to a survey, 59% of these companies accelerated their digital marketing efforts and 66% of them completed digital marketing tasks that previously seemed to be a huge challenge.
They delivered more results as well and saved on various traditional marketing costs. Many say that the Covid-19 pandemic has really brought about permanent changes in operations and the workings of an organization. Cloud-based business activities are saving time and also witnessing bigger results.
So it is pretty evident that the pandemic didn’t stop this industry from growing and in fact, gave it a major boost. Read on to find out the importance of digital marketing for businesses and students which will compel you to upskill yourself in digital marketing.
Importance of Digital Marketing for Small and Large Businesses
Now that we have understood the scope of digital marketing in India, let us look into why it is important for small and large-sized businesses. The focus for small businesses is brand awareness and development.
Digital marketing efforts require barely any initial investment. This is great for small businesses. Most digital marketing tools offer basic features free of cost. It is up to the businesses to make the best use of them. Check out the types of digital marketing tools.
2. High Reach
With digital marketing, the reach is global. Hence, you can take orders for your product or service from all over the world and it need not be limited to one area. And when you go global, you can still niche your audience to selected individuals. Thus, it’s a win-win. The importance of digital marketing lies in the kind of reach it garners with the huge target audience.
3. Brand Awareness
If a customer has no awareness of your brand then he cannot make a conversion. To tackle this, brand visibility is extremely important. With pay-per-click and other kinds of paid promotions, you can really attract customers to your small business. We recommend this Facebook and Instagram Ads online course to understand some more.
4. Building a Customer Base
The challenge with small businesses is that one needs to build a customer base. This is based on building a rapport with a strong customer relationship. With CRM tools such as HubSpot and Oracle, you can manage this easily.
The challenges for big businesses are slightly different. They need to retain existing business and focus on brand reputation, client retention, and the growth of the business.
5. Brand Image
An established company’s image is everything. The right campaign strategies can make or break a company’s brand image. Through digital marketing, effective campaigns can be designed and the scope fixing any glitches immediately is there.
6. Measurable Results
With digital marketing, big companies can have real-time measurable results. With this, they can analyze the effectiveness of the campaign and accordingly formulate strategies. Today, the significance of analyzing data is very important to evaluate the effectiveness and success of your campaigns. The importance of digital marketing is majorly related to the fact that results and metrics are measurable.
7. Increase in ROI
Companies can increase their revenue with digital media by investing in ads and thus, increasing conversions. The investment in digital media is much lesser than in traditional media and the returns are also higher. Did you know? You can run ads on certain digital platforms for as low as 1$.
8. Retaining Loyal Customers
The main goal of digital marketing for big businesses apart from increasing their business is ensuring that their customer base is loyal and satisfied.
These are reasons enough to indicate that the importance of digital marketing for businesses is crucial and thus, you must consider adopting it for your business. A smart and solution-based option would be to go for digital marketing corporate training.
This training program is customized and provided as per your needs, goals, and requirements.
Importance of Digital Marketing for Students & Working Professionals
If you’re a student, you may have heard your peers or seniors talking about digital marketing, studying digital marketing courses, or considering a career in digital marketing. This industry has paved its way as a lucrative career opportunity for students and here are a few reasons why.
1. Job Safety
Digital marketers are in demand right now because companies are constantly on the lookout for skilled professionals to handle their expanded digital marketing efforts. Thus, this ensures job safety in such tough pandemic times as well.
2. Good Income
With high demand and a comparatively lesser supply of skilled individuals, the digital marketing job roles enjoy a good salary trend. And it’s not even compulsory for you to have a professional degree in it. In-depth knowledge clubbed with a few value-rich internships can get you started!
3. Helps you stay up-to-date
Students can keep up-to-date with various industry trends and today, that’s a necessity. If you’re not in line with the latest demands and trends of the industry, you make find it difficult to stay afloat. And currently, digital marketing is the trend in every industry. Thus, you must learn it.
Must Read: Latest Digital Marketing Trends of 2022
4. Preps You for the Future
The future looks completely digital a decade from now. So the importance of digital marketing is going to expand even more. And to face what’s in store for us, it is important to start preparing from today. The education system has also taken this into consideration and introduced courses like BBA in Digital Marketing for students to start learning this skill from the beginning of their careers.
5. Allows Entrepreneurial Roles
With the new dawn of Digital India, digital marketing is all set to take the forefront. For students who wish to take up entrepreneurship, the stage has been laid. Digital marketing has opened doors to various entrepreneurial opportunities. You can freelance as well. There are multiple benefits of a freelance digital job.
6. Skill Development
Versatility and multi-faceted is what employers are keen on. Thus, it is vital you keep updating yourself with various skills, digital marketing being one of the most important ones.
To get started in digital marketing, IIDE offers 3 significant course options. An Online Digital Marketing Course with guaranteed placements. Next is a professional option for all graduates. The 11-month MBA in Digital Marketing in India for an in-depth approach and managerial skills as well.
Lastly, for learners who want to learn individual digital marketing skills, we have curated short-term certificate courses in digital marketing which range from 2-3 hours to 20 hours.
FAQs – Frequently asked questions
Q. What is the importance of digital marketing in today’s scenario?
Digital marketing is extremely important in today’s day and age. It helps focus on targeted audiences with a global reach, unlike traditional marketing, bringing in high revenue with little investment. It is conversion-led and can easily be monitored. Damage control is also easy with digital marketing.
Q. What is the importance of digital marketing in the tourism industry?
Today’s digital marketing age plays a huge role in the tourism industry. It can help businesses understand consumer behaviour, make customer conversations easier and also enhance their offerings with the aim of maximum customer satisfaction. The marketing efforts can be more targeted with various digital ads and can help identify their customer base.
Q. What is the importance of digital marketing strategies?
Without a digital marketing strategy, you are hitting an arrow in the dark. Businesses today need a digital marketing strategy to guide them in a certain direction. The first step is to identify clear marketing goals. These include increased brand awareness, clicks to the website, and an overall increase in conversions paving the way to customer loyalty.
We recommend that you check out these digital marketing types and strategies for more.
We can safely say that in order to grow your business in today’s time it is absolutely important to make use of digital marketing to take your business on a growth trajectory.
For all business owners, here’s an interesting read on Digital Marketing Strategies, and for students eager to learn digital marketing, here are the potential salary prospects that you must check out.
We hope that you enjoyed reading this blog article. Please let us know in the comments below!