Tuesday, December 9, 2008

Advantages of Internet Marketing

By Justin Harrison

Despite the rapid expansion of internet marketing there are still many businesses who are wary of this new concept and prefer to stay with tried and tested marketing strategies. However traditional advertising techniques marry well with internet marketing while the unique advantages of the latter more than enhance the possibilities of a successful advertising campaign. Let's look at some of them:

The World Wide Web is precisely that: worldwide. Thus, your business doesn't face the restrictions of a brick and mortar shop. You can serve customers from Boston to Bangalore and you can do it every day of the week, 24 hours a day. Many millions of people search for products and services on the web every day, so you have practically unlimited potential for growing your customer base.

In today's competitive marketplace, online marketing can be one of the biggest advantages for a small business. Online marketing replaces traditional advertising mediums including TV, radio and print for a fraction of the cost. Customers will be able to view product and service information on a website. This will allow business owners to have more free time to concentrate their efforts on growing their companies. Another benefit is the ability to track the effectiveness of individual advertisements. Knowing which advertising campaigns work the best will maximize the return on your investment.

Unlike newspaper advertisements, for example, internet advertising enables you to reach your target audience effectively. Interested consumers can find your website by searching for the specific product or service that you offer. You can also place your adverts on niche websites which will be visited by your target consumers. By using email marketing to promote new products or services, either by buying email addresses of potential customers or by following up on visitors to your own website, you are able to target thousands of people at once, whether they live across the street or across the world.

Finally, and importantly, the advantages of internet marketing are apparent because they are easy to measure. Advertisers in TV or print newspapers can't figure out how many customers saw their ad or responded to it. Web advertisers can use analytics software to find out not only how many customers saw the creative, but also what the demographics of those customers was. They can track the number of visitors that come from any particular advertisement and how many visitors are repeats. Thus, advertisers can analyze the effectiveness of their marketing strategy and modify it in response, all in real time.

To sum up, participating in internet marketing can allow you to expand your business across the globe with few limitations and minimal costs. There is also the advantage of continuously being able to see how effective your efforts are.

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