One of the most critical aspects of running a business is
marketing. It encompasses every customer related task from creating awareness
to customer satisfaction and retention. One may go as far as to say that a
business cannot survive or even start up without it. In the current scenario,
marketing has become a complex and sophisticated function, especially now that
an increasing number of businesses choose to start up online. Now, along with
the traditional offline marketing tools, there are a number of web marketing
tools and methods available. These web marketing methods must be mastered for
any level of success in online business.
The differences that separate web marketing from offline
marketing are as below:
- Snail
mail vs. email – Email marketing is low cost, efficient, instant and
effective means of generating customers. Snail mail is slow, generally
more expensive and is losing some of its efficacy with the influx of TV
and Internet.
- Limited
radius of impact vs. unlimited – The target audience is global in the case
of web marketing with the Internet shrinking the world. The radius of
offline marketing is limited by physical, political and time barriers.
- Web
customers are looking for a product or service similar to yours – The
beauty of being an online business is that people log on to look for a
service or product that you can offer. Whereas, offline businesses have to
rely more on push marketing than the pull effect.
- Long,
complex process of making a sale vs. instant conversion – A few clicks of
a mouse and the product is sold, in the case of web marketing. Offline
marketing process is time an
d manpower heavy, from generating leads to
making a sale. - Fixed
office hours vs. 24 hour store – An online business can sell its products
24 hours a day while an offline business will open and shut at particular
hours.
- Advertising
in print, TV and radio is expensive – While you can easily offer content,
audio and video clips on the Internet for a very low cost.
- Pay
for time spots vs. unlimited time and space – Ads in offline marketing mediums
are for a limited time only and you pay for time slots and space. In an
online marketing scenario, you would keep your ads up for a longer time
and pay much less.
- Cost
per incremental customer – This cost is very low for web marketing based
concerns, whereas this cost is appreciable in case of offline marketing
efforts.
- Targeted
approach vs. blanket approach – The above reason leads offline marketing
businesses to target and select carefully, eliminating a lot of potential
customers, who may buy in the future if not the present. However, low
incremental costs result in online businesses covering a broad spectrum of
the market.
- Segmentation
– Preferences are much easier to track for an online business and this
means that segmentation is simpler. The web marketing effort has the
information it needs to customize its pitch at once.
- Customer
contact – Access to customer information is automatic in the case of
online businesses and the web marketing process is simplified and made
efficient. Databases and mailing lists are created in an instant. On the
contrary, offline marketing efforts for the same require time, employees
and money.
There are many benefits to both web marketing and offline
marketing, and it is best to use a judicious mix of the two.