What is Multi-Touch Attribution? Multi-touch attribution is a measuring technique used in marketing to determine the value each touchpoint has in driving conversions in the consumer journey.
Digital marketing has revamped the business world, opening doors to reach and engage with the target audience, making businesses even more crucial to develop and implement digital marketing strategy.
Is your business following the best digital marketing practices?
If not, it’s time to create one and develop digital marketing strategies. Let’s take a more detailed look at the reasons why your business needs to have a robust strategy.
1. Direction Guidance
Have you not planned strategic goal for your business yet?
If you do not yet have a strategy or plan that you can refer to, it will be hard to know what results to expect and how much you have to contribute. A written plan allows you to evaluate the resources that you need to reach the goals and also supports as a backbone whether you are achieving those goals.
2. Better Understanding of Online Audience
Are you taking enough time to understand your online audiences?
If you have researched, proper plan and strategy is very crucial to understand your online marketplace, consumers’ behaviour, marketing communications used and so on. Online marketplace methodology, search gap analysis can be used to find out the level of customer demand, how many people are interested in your product or services, and the sources or things that attracted them to your site.
3. Online Results Interpretation and Implementation
Today it’s a tough job for any businesses to acquire and retain customers, that’s why digital marketing is crucial to most modern businesses. A good strategy will benchmark your activity and enables you to clearly set the goals that helps you to measure what’s working and what’s not and make necessary adjustments.
4. Written Documents are Better Executed
Are you working without a strategy?
If you are, it’s quite obvious that you are facing difficulties in proper functioning and execution of business activities. It will be hard to forecast what tasks to be performed in the meantime, what budget your digital programme needs to achieve certain goals. But if you have a well-written plan in hand, it will surely be easier to accomplish tasks as intended.
5. Avoid Duplication of Effort and Resources
It is well known fact that a written plan eliminates duplication as it includes all the information that is required to implement any tasks. In a company where many people are involved in performing similar online marketing tasks, proper strategy and plan should be made to avoid duplication of effort and resources.
6. Updating with Current Trends
Today is the world of ‘Digital Marketing’ and it doesn’t take long for marketing strategy to become outdated. Therefore, it is important to be alert and embrace the change. Or else, your business will phase out instantly.
Digital Marketing is such platform where you can obtain information from every nooks and corners. This helps you to prepare for the changes to come in 2018 and further.
7. ROI Focused
Are you happy with the digital marketing tools and strategies you used in 2017?
Did they help you in brand recognition and increase online leads?
If you have answered no to both these questions, then you better change the strategy you used last year and shape it accordingly. A strategy will help you to build testing in your programme, hence ensuring continuous improvement and development.
Digital marketing strategy is a must for every business today. You can begin writing strategy with just one or two pages describing your goals, tactics, and KPIs as a starter, and you can always modify it later as per your requirements.
Still confused about how to create a digital marketing strategy that ACTUALLY WORKS?
Feel free to contact us for more information.