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The 21st century marked the advent of the use of technology as never before. What used to be just a fantasy, was made true in this new era. Moving photos, news headlines fitting your palm, video calling, cloud friendships, one-click shopping – all seem like magic unfurling from a Harry Potter movie. But this is the truth of today. The world is moving at a fast pace – from physical to cloud connectivity. While a decade or two ago, we would exchange phone numbers and addresses to stay in touch with a friend; today we exchange social media handles.
The last two years with Coronavirus have transformed the world further. People have learned to survive using technology. Today, we are shopping online, studying online, working online, ordering groceries & food online, even partying online. The point is, most of the world today uses technology for every aspect of their lives. This has brought us to a place where marketing strategies have been reformed. Businesses are forced to look up the path towards the online world. However, does that mean that marketing through all forms of traditional media has been rendered redundant?
Digital Marketing | Traditional Marketing |
---|---|
Increased brand awareness | Longevity |
Increased inbound traffic | Easy to spot |
Cost-effective | Reaches local audiences more effectively |
Better conversion rates | Easy to use with DIY options |
Two-way communication | It is directly delivered to the audience |
Measurable | It is more effective for a mature audience |
Collect user data | Better brand recall |
Target audiences in a better way |
Digital Marketing | Traditional Marketing |
---|---|
Globalized competition | One way communication |
Security and privacy problems | More expensive |
Increased price competition | Static in nature |
Constantly changing environment leads to higher maintenance costs | Inability to collect user data |
Not measurable | |
Cannot target audiences to exact |
What do we understand by the term traditional media? Advertising done through media formats such as newspapers, magazines, billboards, television, and radio is most commonly referred to as traditional media. Some of the most commonly used tools in traditional media are sponsorship ads, banner ads, flyers, print ads, posters, billboards, business cards, broadcast, etc.
Meanwhile, Digital media is anything connected to the internet. Any form of marketing which is done through email, websites, telephone messages, etc is termed digital marketing. Some of the most commonly used tools in digital marketing include content marketing, PPC (Pay per Click) advertising, SEO (Search Engine Optimization), social media marketing, web design, email marketing, video marketing, etc.
For traditional marketing, there are four phases: Interest, Awareness, Desire, and Decision.
For digital marketing, the four phases are Planning, Conversation, Content, and Sequels.
Traditional media cannot narrow down the target audience to sub-categories, thus limiting its effectiveness. Nevertheless, with people over 60 years, traditional media marketing works the best. Even though Generation Z is more active on digital media and prefers digital media marketing over traditional marketing methods, the older generation has a more paying power parity. Thus, ignoring the elderly does not help your brand.
On the other hand, digital media is quite efficient when it comes to narrowing down the sub categories of the users and target audience. The companies can track every useful customer data and retarget them for sales by showing them useful informative ads, mails, and trust.
DIGITAL MARKETING
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