11/30/13

eMarketing Assessment Matrix

 Assess your Internet Marketing Portfolio

I worked as a planning associate with a media planning and advertising company, Adjetter Media Network Pvt Ltd. I gained a good amount of experience in devising digital marketing plan and proposal for various brands. I understood the various aspects of internet marketing and what plays a crucial role in making your brand successful on online platform.

Based on the insights from my experience and understanding of internet marketing, I developed following qualitative matrix. It has internet marketing aspects as rows and factors which are critical for success across these aspects as columns. A brand can access its internet marketing portfolio through this simple qualitative matrix. And, it can find out the gaps and opportunities to improve internet marketing strategy.  Various factors emphasize on the synergy generated through the consistent approach across the row categories.

The idea behind this matrix is to understand the synergy among different aspects of internet marketing like social media, website, ads etc. Therefore the marketing effort is consistent and combined rather than individual and separate. Focus on synergy will decrease effort and maximize gains.

Assess your eMarketing portfolio

Rows: These are the various aspects of internet marketing.

Columns: These are some important factors which I found critical for a successful internet marketing strategy based on my understanding of this area.

Cells: It describes how a particular aspect is related to the factors appearing in column and what is expected considering these factors as parameters.

Integration tries to address how well connected the overall marketing approach is? Is there sufficient interlinking and references among the separate channels and if yes how frequently, the brand utilizes them?

Relevance brings out the “Customer Focus” into the marketing strategy across various channels.

Brand Focus is something important to address. Every aspect of internet marketing should justify their content on how it is connected with the brand persona and fulfilling its mission.

Analytics tries to emphasize that a brand needs to leverage data to understand insights and therefore further improving their strategy.

Communication emphasizes the clarity and effectiveness of communication style. How well it is being adopted and appreciated by the target audience. Understanding and measuring the satisfaction level will give us insights on where to improve?

11/25/13

Inbound marketing: Why it is so relevant for internet marketers?

The approach evolved from the idea of shifting from less aggressive selling to increased focus on generating user’s interest in the product or the company. Putting in simple words – Make your business easily accessible to the prospects, catch their attention and convert them into customers.

Instead of selling or promoting your products to the consumers directly, you are creating content which is relevant and useful to them. The idea behind inbound marketing is to have continuous interaction with the prospects/consumers and at the end they will reward you with buying your product or promoting your business.

Source: http://www.hubspot.com/inbound-marketing

So, why inbound marketing is more relevant in today’s context?

The platform and accessibility:  Web 2.0 has changed the way marketers promoted their products and run the campaigns. Gone are the days when commercials are the only source to persuade consumers to make a purchase. Now the internet provides real time two way communication platform. It’s a platform where the brand as well as consumers can share their opinions. It has provided the accessibility to both the sides. Again, with the evolution of social media, consumers have a strong platform to raise their voice and share their experience with others. Looking at the cost side, this platform is far less expensive than the outbound marketing tools available for brands.

Changed consumer behavior: Now the consumers are well informed about the products or the category. Their accessibility to information has increased tremendously. Keeping the context in mind, it has become increasingly difficult to catch their attention through traditional outbound marketing approach. They have also become more expressive and willing to provide their opinion through social media. They like to share their views and experience about various products and services.

With the support of above arguments, it is easily understandable that inbound marketing methods are more effective and efficient in the digital era.