Internet technology has been a godsend for most businesses because it has brought the market closer to them and made it easier and more affordable to acquire customers. It’s however noteworthy that not all businesses see the value of internet marketing because they simply don’t know how it works, and also don’t fully understand the value proposition.
We therefore intend to create a lot more clarity on the value of internet marketing by looking at the 3 main reasons why you should consider internet marketing.
More and more people are getting online
Statistics indicate that more than half of the world’s population has access to the internet. With this in mind, it’s a no brainer that your business needs to be on the internet because if you want to reach your customers, you need to go where they are. It’s therefore a good idea for you to start seriously considering having an internet marketing strategy so that you don’t miss out on new customers.
It lowers customer acquisition costs
One of the challenges when it comes to marketing business offline is being able to target a specific audience segment. In most cases businesses will spend too much targeting the entire market with the hope that their ideal customer will also be reached. This is expensive and thanks to internet marketing, businesses can now target very specific audience segments thus lowering customer acquisition costs.
It allows for interactivity
One significant challenge that offline marketing experienced was the lack of immediate feedback. It was near impossible for businesses to get timely feedback from their customers and equally give timely responses. With internet marketing however, these platforms allow for interactivity between businesses and their customers and this has greatly enhanced feedback sharing thus improving relationships.
With this in mind, you realize that internet marketing is currently one of your best bets when it comes to growing your business and is therefore something you need to seriously consider for your business.