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AFFILIATE MARKETING

A Complete Guide to Digital Marketing for Modern Businesses

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Building a business has never been easy, but growing a modern brand without the aid of digital media is next to impossible. Digital marketing, an expansive field with many sub-disciplines, has quickly become necessary for organizations of any scale.

For growing businesses already limited on time, money, and other resources, digital marketing may seem like a luxury they can ill afford. However, in the current landscape, a basic digital strategy is something brands can’t afford to ignore.

The good news is that internet marketing offers many accessible, low-cost inroads to growing a business online.

What Is Digital Marketing?

Digital marketing is a field that employs various online media to expand a business’s reach to a broader audience. Combining the effectiveness of online communication with the global reach of modern web platforms gives businesses of all sizes bountiful opportunities to stand out and grow.

Digital marketing can help an organization achieve multiple goals, including attracting potential customers, selling products and services directly, and building authority as a trusted brand.

Advancements in the digital age have radically transformed how businesses operate and succeed. Tools like a company website, social media, and email are no longer elective strategies for already-established global companies. Instead, an active online presence is a fundamental building block of a thriving 21st-century business of any scale.

Building an Audience in The Online Era

Digital marketing offers multiple advantages and unique opportunities not available to businesses and marketers of the pre-internet era.

One of the most groundbreaking advancements is the low barrier to entry. Traditional marketing, such as print advertising, can be prohibitively expensive, require dedicated and experienced staff, and requires a publisher’s discretion.

While the expenses of building a global digital marketing strategy can scale up significantly for large businesses, starting with the basics is nearly free and available to anyone. Even a brand-new company with only one employee can create a website, email list, and social media profiles for little to no cost.

Digital marketing also distinguishes itself through the inherently global nature of the web. Under the right circumstances, even a small local business can attract the attention of a massive worldwide audience and drive explosive growth. In the past, this type of reach would have been possible only for the largest global organizations with staggering marketing budgets.

For organizations looking to improve their marketing over time, digital marketing also offers the gift of analytics. Numerous tools provide direct, actionable metrics on the performance of various marketing efforts and campaigns. Companies that are serious about growth can leverage this data to see what works, what doesn’t, and what to try next.

New Media, New Challenges

Marketing a business online also brings new challenges.

For instance, the web is an incredibly noisy place, and global reach also means global competition.

It houses innumerable organizations, brands, and individuals vying for the limited attention of the masses. Finding authority within a niche is entirely plausible but requires patience, continuous learning, and readiness to adapt repeatedly to changing conditions.

Advertising and marketing efforts in the past generally only had to catch the intrigue of potential customers. But for online content to reach a broad audience, marketers have a new stakeholder to impress: the almighty algorithm.

Before an article or social media post can gain significant reach, it must satisfy the discretion of the platforms and search engines that filter and distribute that information. Unfortunately, these platforms can be opaque and unpredictable in their expectations.

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Types of Digital Marketing

Given how young the field of digital marketing is, industry conditions are still rapidly evolving and taking shape. However, even in just the last 20 years or so, it has quickly matured into a diverse field containing many distinct disciplines and specialties.

Before building your business’ online media strategy, consider some of the core pillars of digital marketing today.

Content Marketing

A massive and diverse sub-field of marketing in its own right, content marketing focuses on positioning your company as an authoritative presence in its industry. The goal of content marketing is to publish high-quality content to inform and educate audiences about key topics in your industry. This content can take many forms, including:

  • Blog posts
  • News articles
  • Videos
  • Infographics
  • eBooks
  • Whitepapers

Producing valuable content that teaches people about relevant topics positions your company as knowledgeable and helpful.

Later, when those same consumers decide to buy products or services like the ones you sell, your brand will be one they already know and trust, opening the door to customer conversions.

Search Engine Optimization

Similarly to content marketing, search engine optimization (SEO) involves publishing content online to establish your brand’s relevance and authority within its space. With SEO, the primary goal is to draw traffic to your company’s web pages through search engine results pages, (or SERPs).

There are many fields of expertise within SEO, but generally, the goal is twofold. Optimized content should do two things:

  1. Help or entertain your prospective audience in some way
  2. Demonstrate to search engines that it is the best content to serve this purpose

When people search Google or Bing for terms related to your business, you want to be one of the first results they see. This authority attracts more eyes to your website and widens the funnel for potential future customers.

Social Media

Social media is one of the fastest-moving and most volatile fields of digital marketing. Having active accounts on platforms like Facebook, Instagram, Twitter, and TikTok, your brand can achieve several beneficial goals:

  • Reaching a wider audience and growing your customer base
  • Opening direct, two-way lines of communication with current and potential customers
  • Staying in the know on the latest news, developments, and conversations going on in your industry
  • Keeping your brand at the forefront of people’s minds for when they are ready to make a purchase
  • Having a public platform for PR and other forms of widespread outreach

Social media is a powerful tool, but it has its challenges. Standing out on social media can be difficult amid the noise.

It is also important to note that tides can turn quickly, and sometimes even a well-meaning or innocuous post can bring negative attention to your organization. Therefore, it is always advisable to be clear and intentional with a social media strategy.

Email

Insofar as there is an “older” component of an industry that didn’t exist 30 years ago, email marketing is probably it.

Since it may not be as cutting-edge as social media, email is an area of digital marketing strategy that many businesses neglect. However, this would be a mistake, as email remains one of the most powerful tools for growing an audience and building ongoing relationships with them.

Building an email list and staying in regular contact through newsletters and promotions has a high success rate. Effective email outreach can drive sales, improve customer relationships, and convert one-time customers into loyal fans and brand advocates.

Online Advertising

As one of the closest analogs to traditional marketing, online advertising has long been a mainstay of digital marketing.

One of the most popular forms of online advertising is pay-per-click, (or PPC) advertising. With PPC ads, your business works with publishers, including search engines, social media platforms, or third-party sites, to highlight promotional material for your brand.

Unlike traditional television or print ads, for which you would pay an upfront rate, businesses pay for PPC ads based on results. Instead of paying to display your ad somewhere, you only pay for each time a user clicks on one of your ads and follows through to one of your web pages or resources. Overall, PPC advertising can be much more cost-effective than traditional alternatives.

Affiliate Marketing

Affiliate marketing is a popular, relatively lightweight and low-cost way of proliferating your products and services. It enables your business to deputize online creators and influencers as ambassadors of your brand.

The way affiliate marketing works is relatively straightforward. Whether through an in-house program or third-party service, individuals and brands can apply to become affiliates of your products and services. Approved affiliates will then spread the word about your offerings to their audiences using special affiliate links. When someone buys from you using an affiliate link, the affiliate earns a small commission for the referral.

Affiliates are typically not employees of a business but rather independent contractors. Since affiliates generally only earn pay when they convert sales, even cash-strapped companies can build a low-cost affiliate marketing strategy rather than hiring an entire sales team. The commission-based pay incentivizes them to market your products as effectively as possible, reducing your upfront cost.

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How Different Industries Can Employ Digital Marketing

Digital marketing is a growing necessity for nearly every type of business, but that doesn’t mean it will work the same way for every brand.

For instance, restaurants and other food-focused businesses will likely want to invest heavily in visual-focused social media platforms that highlight their eye-opening and mouth-watering offerings. The same is true for travel and other luxury experiences.

Businesses that offer knowledge-based services, such as law offices and financial advisors, can use digital marketing to build authority and trust with their audiences. For example, blog posts and other informative content can share informative education while highlighting the value of services from an experienced professional.

Selling physical products can take a brand’s digital marketing strategy in many directions, but email, advertising, and social media often prove highly effective for driving product sales.

Every company’s digital marketing strategy will be unique. But as long as your organization is ready to test things out, see what works best, and adapt on the go, the potential is massive and continues to grow.

Making The Leap Into Digital Marketing

Digital marketing is a young and rapidly-evolving industry. In just over two decades, it has developed from an internet curiosity to an essential pillar of any successful business. Like accounting, legal support, and human resource management, it has become a core component that no growing organization can reasonably ignore.

As a large and diverse field, there are countless ways for a company to build its digital marketing strategy. While its many unique components can seem overwhelming to a small business with a limited budget, it doesn’t have to be. One of the best things about digital marketing is that you can start small with the most critical areas for your business and then build from there.

The web has democratized access to marketing efforts once reserved for only the most prominent global businesses, meaning there’s never been a better time to get started.

This article originally appeared on Wealth of Geeks.



Sam Stone

Sam is the founder of the personal finance and self-improvement blog Smarter and Harder. His mission is to start exciting new conversations that empower people to improve their work, lives, and money, and hopefully have a fantastic time doing it. In all things, he strives to lead with positivity, understanding, and more than a bit of enthusiasm.

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5 Pervasive Myths About Email Marketing That (If Believed) Could Derail Your Business

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5 Pervasive Myths About Email Marketing That (If Believed) Could Derail Your Business

Opinions expressed by Entrepreneur contributors are their own.

With new social platforms emerging every year, many entrepreneurs wonder if they should leave email behind and look ahead to new avenues. Did you know that email is still the second biggest marketing channel for startups, right behind social media? That’s right! It’s all thanks to its low cost and incredible return on investment (ROI). According to the study by Litmus, it remains one of the best ROIs out there; companies can expect to make a whopping $38 in return for every dollar they spend on email marketing.

As the CEO of Builderall, an all-in-one digital marketing platform that has supported over 2,000,000 small businesses, I often get asked if email marketing is still an effective strategy in this new phase of our digital age. Is it dead in 2024?

I’m here to debunk the biggest myths and set the record straight. Today, I’ll share my insider knowledge to help you see the light.

Defining email marketing

Before we debunk these myths, let’s make sure we’re all on the same page about what email marketing actually is. Many people have misconceptions about this form of digital marketing, which can turn them off — and that leads to missed opportunities.

Email marketing is a direct marketing strategy that sends promotional or informational messages to a targeted audience via email. It goes far beyond blasting promotions or cold outreach. Done right, it builds meaningful relationships between your brand and subscribers. It’s a way to keep them engaged, and ultimately, it’s another way to drive sales.

Some examples include

  • Newsletters
  • Promotional offers
  • Product updates
  • Even personalized content based on a subscriber’s interests.

Related: 8 Simple Email Marketing Tips to Improve Your Open and Click-Through Rates

Myth #1: Email marketing is dead

Let’s tackle the elephant in the room first. No — email is not dead! In fact, it’s far from it and still going strong.

According to data provided by Oberlo, 80% of businesses rely on email as their primary customer retention channel. That means they’re using email to keep their existing customers engaged and coming back for more.

But that’s not all. HubSpot found that 60% of consumers made a purchase thanks to a marketing email they received. That’s a huge testament to the power of email marketing in driving revenue for businesses.

Myth #2: People don’t read emails

I can’t tell you how often I hear this myth. Sure, our inboxes have gotten pretty crowded over the years, and many of us receive dozens or even hundreds of emails daily. It’s also true that a good chunk of those emails might get sent straight to the trash or spam folder.

However, according to HubSpot, 46% of smartphone users still prefer to hear from brands via email over other channels.

If you establish trust and send relevant content, subscribers will welcome your emails with open arms.

This stat also highlights the importance of putting care in your campaigns by using compelling subject lines and other email elements to stand out in a crowded inbox.

Myth #3: Younger audiences don’t use email

Gen Z and millennials are the next generation that will have some serious purchasing power. It’s only logical for businesses to look for new and innovative ways to approach them, as they’re often portrayed as being glued to their screens and obsessed with social media platforms.

These stereotypes lead many people to assume Gen Z and millennials are too obsessed with TikTok and Instagram for old-school strategies like email. Let me prove them wrong again. According to the Attest U.S. Consumer Trend Report, 53% of Gen-Z enjoy weekly emails from their favorite brands. For millennials, it’s 66%.

Of course, you’ll want to cater your approach to each audience (throw in some slang or a meme here and there,) but don’t count email out. These generation segments still use and prefer it.

Myth #4: Email has low open rates

The next myth I wanted to touch on is more tangible. Some say email performs poorly compared to social media platforms like Facebook or Instagram. For that, we’ll have to look at the open rate.

Open rate is an essential key performance indicator (KPI) in digital marketing because it tells you how many people are actually opening and reading your emails. MailChimp benchmarks tell us the average email open rate across all industries is 34.23%. While that might not sound amazing, it’s definitely not bad either.

With optimization, that number can grow much higher and bring benefits. As reported earlier, that’s why so many businesses still rely on email as their primary customer retention channel.

Related: This One Thing Is the Secret to Higher Email Open Rates

Myth #5: Email marketing equals spam

Finally, allow me to go full circle and return to the definition of email marketing. Too many people confuse general email marketing with a somewhat shady practice: cold outreach.

Cold emails are unsolicited messages sent to people who have not expressed interest in your brand or products. You essentially buy or scrape a list of email addresses (unbeknownst to the recipients) and blast bulk emails, hoping to catch a few leads. They’re often used for prospecting and can come across as intrusive if not done right. That’s because nobody gave you permission to contact them.

On the other hand, email marketing is about building relationships with people who have already shown interest in what you offer. They might have signed up for your newsletter through a lead magnet or opted in to receive your updates. That’s a big difference!

It is this latter form of communication that 81% of businesses use email as their primary customer acquisition channel. It drives results without spam tactics.

Final thoughts

While many entrepreneurs may feel attracted to the latest shiny object or technology, these myths cause many entrepreneurs to overlook email in 2024.

When executed correctly, email marketing remains an indispensable growth lever for startups and established businesses alike. Now that you know the truth, utilize email marketing to boost conversions and retention. With a strategic approach, you may see even higher open rates and ROI than the studies show.

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Save up to 90 Percent on Flights with This $80 Lifetime Deal

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Save up to 90 Percent on Flights with This $80 Lifetime Deal

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

TL;DR: Be smart with how you approach business travel. You can save up to 90 percent on domestic and international flights with this lifetime subscription to Matt’s Flights Premium Plan, which is only $79.97 (reg. $1,800).

Professionals and companies spend more than $700 billion on business travel every year, according to Statista. It’s safe to say that there are a lot of lost dollars in there. If you’re one of the smarter entrepreneurs and business leaders out there who knows the difference between a well-priced flight and an overpriced one affecting your business — this limited-time deal is worth checking out.

With this deal on a lifetime subscription to Matt’s Flights Premium Plan, which is only $79.97 (reg. $1,800), you can save big on flights to and from the airport of your choice. This intuitive and helpful flight deal alert service features exclusive rates for domestic and international fares.

Included in this lifetime subscription, you will get updates and alerts on mistake fares, well-priced tickets, and deals to and from airports and cities of your choosing. Users can also learn about great travel deals with one-on-one travel planning from Matt himself. Talk about personalized service!

Matt’s Flights offers premium members as many as five times more deals than other members. When you buy it here, you can redeem a unique code on the platform, sign up for the Premium Plan, and start getting great deals sent to your inbox in no time.

If you’re curious about how this service has benefitted other travelers, consider some of the rave reviews it has received over the years from trusted publications like the New York Times and Thrillist.

Take advantage of this limited-time opportunity to get a lifetime subscription to Matt’s Flights Premium Plan for only $79.97 (reg. $1,800).

StackSocial prices subject to change.

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Stop Overwhelming Your Online Customers With Information Overload. Hook Them In With This Approach Instead.

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Stop Overwhelming Your Online Customers With Information Overload. Hook Them In With This Approach Instead.

Opinions expressed by Entrepreneur contributors are their own.

Users spend an average of 5.59 seconds looking at a website’s written content. I don’t know about you, but it seems like there is hardly enough time to gain users’ interest, let alone relay the information you want to share — and the information they want to find.

However, following best practices, there is no reason to bombard users with an avalanche of information when they land on your homepage. While there may be a lot of great information about your business, putting it in their faces when they arrive can have the inverse effect, making users feel overwhelmed and pushing them to leave the site.

So, what is the alternative? Thoughtfully crafted messages and content aligned with the customer journey and revealed through a slow, strategic drip known as progressive disclosure.

Related: Your Online Customer Experience Is More Than a Buzzword — It’s the Backbone of Your Business. Here’s How to Optimize It.

But what is progressive disclosure?

Progressive disclosure is about strategically revealing the information a user wants or needs at the precise moment the customer wants or needs it (rather than throwing it at them upfront). This is essentially a strategic approach to planning and releasing content throughout the customer journey to maximize engagement and move a customer through the conversion funnel.

Here’s an example: If you have a product-heavy website, the navigation should direct the user through a seamless navigation. If the navigation is designed strategically to align with the customer journey, then each click is a point on the path of progressive disclosure. As users move around the site, they will slowly but surely learn more about the products and services and find the information they need. This is precisely why websites use a thoughtful navigation system based on logic and integrated into the information architecture that outlines the content and where it should be placed within the site.

Why is progressive disclosure powerful?

The simple answer is that this process is customer-centric. It focuses on what customers want to accomplish rather than what you, the business owner, want to share.

In addition, progressive disclosure accomplishes the following:

  • Reduces friction: Information overload leads to confusion and decision paralysis. By presenting information relevant to the user’s immediate needs, you remove unnecessary hurdles and guide them seamlessly toward their goals.
  • Boosts engagement: Curiosity thrives when there is something more to discover. As users uncover new features and functionalities, their interest remains piqued, encouraging further exploration and deeper product engagement.
  • Builds trust: When users feel they’re being led, not overwhelmed, trust flourishes. Progressive disclosure shows respect for their time and attention, fostering a positive relationship between them and your product.

Related: 7 Ecommerce Customer Experience Strategies for Effective Branding in 2024

Want to rework your website so it’s aligned with your customers?

If you want to rework your website or consider how your content is aligned with your customers, here are a few considerations that will help ensure you are applying progressive disclosure principles:

  • Map the customer journey. Understand the different stages users go through, from awareness to consideration, purchase and beyond. Identify their needs and pain points at each stage.
  • Prioritize information. Categorize features and information based on their importance and relevance to each stage of the journey. Highlight core functionalities initially and unveil advanced features later.
  • Use microlearning. Chunk information into digestible pieces, delivered through tutorials, tooltips, and interactive prompts. This makes learning effortless and avoids cognitive overload.
  • Leverage visual cues. Employ clear design elements like hierarchy, icons, and animation to guide users’ attention and highlight key information.
  • Gather feedback. Continuously analyze user behaviors on your site and collect feedback to understand what resonates. Use this data to identify areas for improvement and implement valuable changes.
  • Use multiple touchpoints to communicate. While this strategy can be applied to a website, it applies to all digital communication channels. Most who visit your website either have a specific reason or are fact-finding. So consider using other digital channels, such as SMS and digital cards, to communicate more important (or urgent) messages in real-time.

Applying progressive disclosure isn’t just about withholding information; it’s about crafting a captivating narrative that unfolds as the user interacts with your brand. Applying this approach can foster trust, increase engagement, and ultimately create satisfied customers.

Remember, we’re not just selling products or services; we’re guiding users on a journey, and every step along the way matters. By unveiling the right information at the right time, we transform their experience from overwhelming to empowering, paving the way for sustainable success.

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