…and why inexpensive digital/interactive marketing does
It used to be easy.
Take out an ad in the local newspaper, the phone book, maybe a local magazine, a billboard and if you had the money a targeted television commercial. And if your sales went up, you knew it was working.
But did you ever really know?
The best you could do to truly know if your advertising campaign was working was to add a coupon, maybe a URL code, or ask how they heard about your business on the phone, but the buying process is far more sophisticated than that.
Here are four reasons a digital and interactive marketing campaign is better and easier to track than traditional marketing techniques:
1. The consumer buying process has changed (A LOT!)
Traditionally speaking, cold calls, direct mail, and elevator pitches ruled the day in sales. Salespeople were regarded as “keepers of knowledge” where the buyer relied almost entirely on their rep to educate them on a particular product or service. This solution-based selling model calls for a salesperson to ask questions to try to identify a problem that their product or service can align with and ultimately solve. Therein lies the problem. This model that has been pushed since the 1980s assumes that buyers typically aren’t educated on how to solve their problem, and hence the salesperson is forced to “push” the buyer down the sales funnel and into a solution.
Enter the modern age of the internet. As hopefully all of you know, the internet has drastically changed the way buyers (both B2B and B2C) interact with businesses while moving through their journey of making a purchase. According to a 2014 study by Acquity a whopping 94% of all B2B buyers now do some form of research online, and B2C buyers utilize search an even greater 97% of the time prior to making a decision according to a study by Conductor. Each group tends to access an average of 10 resources when making a large purchase decision. That is a massive shift in behavior in a relatively short amount of time.
The internet has not only allowed buyers to access an unlimited number of resources to utilize in their research, but it has completely flipped the traditional method of sales upside down. Because consumers are much more educated at the time they are ready to make a decision, salespeople are doing far less “selling” and doing much more “consulting and coaching” to help validate (or not) what the buyer has already discovered for themselves.
2. Traditional Media Is Interruptive in Nature
Most traditional marketing (TV, Radio, Print) works like this: Company A places an ad with the intention of completely interrupting what the potential customer is doing. The hope is to get the customer to stop in their tracks, pay attention to what has interrupted them, and make a conscious decision to interact with Company A on another platform (phone, internet, social media). Here’s the problem – people hate being interrupted. Even during the Super Bowl, when consumers tend to enjoy the commercials, a study by Communicus showed that 60% of all ads ran during the event don’t lead to an increase in purchase or buying intent. Even online, where engagement is supposed to be higher, a recent Google study showed that 69% of web users bounced from a site when presented with an interruptive display ad.
According to HubSpot’s Global Interruptive Ads Survey conducted in 2016:
- 94% of all consumers actually skip television ads completely
- 94% unsubscribe from email
- 27% throw away direct mail before reading it, and an amazing
- 50% are on the national do not call registry
So what does this mean? Well to put it plainly, people get annoyed with interruptive ads, and it sometimes turns them off to brands. People want to consume media in a way that is comfortable and non-intrusive, which is why an inbound strategy is much better suited to drive new business in today’s world.
3. It Doesn’t Work on Millennial Buyers
Millennials are quickly becoming the largest demographic in the United States, and are thus the largest consumer base in the country as well, and spam email, caller ID, and cheezy infomercials make them a little more than lightly skeptical of ads and sales people. They don’t trust advertisements, mainly because they see them as sales pitches. Rather than being sold to, they prefer to do research and make a decision on their own accord. Businesses that help them do that research provide relevant information and coach them along the way are the ones that typically receive their business.
Millennials want to be included in a conversation, not be sold to. A study by the American Press Institute showed that 88% of millennials use Facebook to not only get news, but to find information.
Needless to say, if you’re not speaking to millennials where and how they want to be communicated with, you’re simply being ignored.
4. Lack of Trackability of ROI
For many small to medium sized businesses, this is a huge sticking point. They simply don’t have the resources to be able to implement the types of tracking mechanisms that a Fortune 500 brand might with traditional media to measure engagement and return. They want every dollar tracked and want a clear understanding of what their marketing dollars are bringing back into their business. Traditional media doesn’t easily allow for this kind of tracking. Can it provide a certain level of brand awareness in the market? Sure it can. But digital, and particularly inbound, does a much better job at accurately tracking return on investment using cookies, analytics, and tracking pixels on websites.
Most everyone’s behavior is being tracked online, and the power of that big data can be used to help better reach your customer base. There’s even an app that allows you to get alerts when your emails have been opened. Pretty powerful right? A solid digital marketing strategy with tracking mechanisms such as this will allow your organization to better reach your audience and refine your sales process with pinpoint precision.
Let me show you how to do this for your business with a modernized, interactive, and inexpensive marketing campaign with The Apopka Voice. Call me at 407/437-5654 or email me at firstname.lastname@example.org.