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In spite of the exponential growth of internet marketing, some companies continue to be leary of this innovation and would rather keep with the same proven marketing techniques that have worked for them in the past. But traditonal advertising strategies combine well with internet marketing, the uniques benefits of which greatly enhance opportunities for effective ad campaigns. Here are a few of them:
The web is exactly what it says it is – world wide. This means that you are not restricted to a brick and mortar business but have a 24/7 online shop which caters not only to your local clients but to customers from all over the world. Since millions of people use the internet every day to search for products or services the opportunities for expanding your customer base are unlimited.
It is a great advantage for small businesses to use online marketing in contrast with other types of advertising. It is cost effective when you compare it with traditional advertising techniques that employ such things as a sales staff, t.v or radio advertisements or printed page. Placing product and service information on a website is convenient for your customers and saves you time and money. Another advantage of internet marketing is the ability to see which advertisements are working the best so in the end you will come out ahead despite the initial investment.
In contrast to advertisements in newspapers, for instance, internet marketing puts you in touch with your target audience even better. Potential buyers can locate your website by looking for a given goods or service which you provide. In addition, you can situate your ads on websites that cater to a niche audience that fits your customer profile. With email marketing to advertise new merchandise or services, by purchasing email addresses of prospective buyers or doing follow up to those who visit your site, you can target large numbers of individuals simultaneously, in every corner of the globe.
Last, but certainly not least, is the fact that the success of internet marketing campaigns are easily measurable. It is almost impossible to determine how many customers respond to advertisements placed in newspapers or screened on the television. However, by using web analytic software, internet advertisers can establish not only the number of people who see their adverts, the number of repeat visitors and how many visits their website receives as a result of the click through rate (CTR) from any specific advertisement, but also the amount spent by individual customers and, if required, the demographic profile of the customers. As a result, advertisers can evaluate the effectiveness of the different marketing strategies they are using and modify them accordingly.
To sum up, participating in internet marketing can allow you to expand your business across the globe with few limitations and minimal costs. There is also the advantage of continuously being able to see how effective your efforts are.