How Shifting From Traditional to Digital Marketing Can Be Beneficial To Your Business
The difference between Traditional and B2B Digital Marketing:
Online advertising spending in the US is expected to grow an additional 23.3% to $39.5 billion this year – pushing it ahead of total spending on traditional marketing forms. What is the reason for this trend? And how does shifting to an online-focused marketing strategy benefit B2B companies?
Most Traditional Marketing strategies involve one of four categories: Print (e.g., Yellow Pages ads, Brochures), Broadcast (radio & news), Telephone, and Direct Mail.
Online Marketing strategies involve methods where products and services are marketed through digital networks, such as the internet or mobile phone networks. Types of online marketing include:
Search Engine Optimization (SEO)
Social Media Marketing
Key B2B Digital Marketing benefits:
Reduced Cost – Online marketing methods cost 62% less per lead than Traditional Marketing. The cost of an online marketing campaign is only a fraction compared to traditional methods such as Yellow Pages marketing and other channels.
Lead Generation –B2B companies can use B2B digital marketing for lead generation and conversion purposes. For example, using LinkedIn for inbound marketing can increase a firm’s B2B acquisition rate by 65%.
Measurability – B2B digital marketing is significantly more measurable in terms of ROI as campaigns can be instantly tracked. The relevant data can be compiled in real-time to determine its effectiveness. With traditional marketing, measuring the ROI can be difficult as there is no definitive way to determine a campaign’s true impact.
Infographic from seorchers.com
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About Andrea Patterson
Andrea is a dedicated and creative professional with experience in Marketing, Business Development and Event Management. She focuses on the areas of marketing strategy, communications, online marketing, and customer experience.