Marketing is the process of getting potential clients or customers interested in your products and services. The keyword in this definition is "process." Marketing involves researching, promoting, selling, and distributing your products or services.
This discipline centers on the study of market and consumer behaviors and it analyzes the commercial management of companies in order to attract, acquire, and retain customers by satisfying their wants and needs and instilling brand loyalty.
The definition of marketing is the action or business of promoting and selling products or services, including market research and advertising. Today, marketing is something that every company and organization must implement in its growth strategy. Many companies use marketing techniques to achieve their goals without even realizing it, as they work to promote themselves and increase sales of their product or service. These days, marketing is one of the key aspects of businesses.
People often do not know exactly what marketing is and, when asked, they define it as selling or advertising. While these answers are not wrong, they are only a part of marketing. There are many other aspects to marketing like product distribution, promotion, designing and creating materials like landing pages and social media content, improving customer experience, doing market research, establishing market segments, and much more.
Marketing is very broad and encompasses all the strategies that help a company, brand, or individual achieve its objectives.
According to E. J. McCarthy, the 4 Ps of Marketing are a simple formula for identifying and working with the essential elements of your marketing strategy.
Marketing can help your business in countless ways but let's take a look at a few of the most impactful ones.
This is important because it gets people acquainted with your brand and the products or services you provide. It also makes you memorable to customers who can begin to trust your brand, become loyal clients, and tell their network about you.
Growing the number of visitors to your site means getting more qualified leads (lead scoring can help determine this) and ultimately increasing your sales. An effective marketing strategy will help you through this process.
Every business wants to increase its sales and marketing can help achieve this goal through a variety of strategies like optimizing your website and SEO, creating email campaigns, performing A/B tests to pinpoint the best strategy for you, and much more.
Creating a high level of trust in your brand leads to customer loyalty and repeat purchases. This not only increases revenue but also leads to great reviews both online and by word of mouth, which is still one of the most effective types of promotion.
Metrics are incredibly helpful when it comes to creating your marketing strategy. They not only drive the strategy and help track its progress but also inform what can be adapted or adjusted to continually optimize your campaigns.
Marketing is not just one single strategy, but rather a combination of many different techniques and tactics. Below we've listed some essential marketing strategies that you should know about. Click on the red links to learn more about each of these strategies.
Don’t forget the most important step– starting your own marketing strategy! If you’re looking to launch (or relaunch) a product or service, we would be happy to offer our expertise. We would be thrilled to be your partner and help you attract visits, fully optimize your campaigns, and get the best ROI!
Your marketing plan won't work unless you know what you want to achieve.
Here are 10 examples of marketing objectives:
Increase brand awareness among the target audience. With new brands, their primary objective is to increase brand awareness and visibility. To do this, you have to define your marketing actions and campaigns to let consumers know of the products and services you provide.
Increase market share. The existing competition in the market will determine how much market share your brand is able to acquire. The objective isn't always to be the best, but to find a good position in the market and to be considered as a reference for a segment of the market.
Launching a new product. The product or service you are launching must always be created to fill consumers' pain points. Additionally, you must choose a launch strategy and price.
Improve ROI. Return on investment is one of the most important marketing metrics as it is a direct indicator of how well a campaign is performing.
Introduce the company into new international or local markets. Challenge your brand to expand into new local or international markets.
Increase business profits. You should aim to eventually increase business profits for your company with your marketing plan.
Optimize the conversion funnel. Optimize each stage of the funnel by creating retargeting strategies for customers who have abandoned their carts during the checkout process.
Capture new leads. Brands, especially when they are new, don't have a loyal customer base. It takes time to build a solid customer database. That's why it's important to continually put effort into capturing new leads that could eventually turn into paying customers.
Customer loyalty. Boosting loyalty marketing is a great example of a marketing objective.
Increase sales. This is perhaps the most obvious marketing objective and the top priority for most marketing departments.
Hiring and retaining the best talent is essential for success in digital marketing. But companies find that there is a clear generational gap as the supply of specialized profiles does not always meet the demand.
So, what qualities should a digital marketer have?
Forward-looking. Today's marketer must be prepared to do his or her best in an ever-changing environment, learn new skills, and have the foresight to know what's coming.
Curious. A good marketer doesn't stick with what he or she already knows but is always trying to go one step further. He or she must be passionate about new trends and be willing to try new ideas.
Versatile. Being an expert in online marketing is impossible as there are many skills involved. Even so, a good marketer must be able to understand the digital environment, master the tools, and possess analytical skills.
Able to collaborate. Teamwork is essential in the world of marketing. 78% of professionals believe that it is the most important trait.
Consumer-centric. Brand-focused marketing is a thing of the past. Today, what matters is knowing consumers perfectly and knowing how to adapt to their needs.
Now that we have an idea of what the ideal digital marketing professional should be like, let's move on to the next question: what does he or she need to know how to do? These are the digital competencies most in-demand in selection processes:
Attract and retain customers through a digital strategy.
Have a business strategy aimed at promoting digital innovation.
Have a specific customer relationship management strategy. Digital media has completely changed customer expectations and their relationships with brands, so a good marketer must be able to account for this shift.
Stay up to date with industry news and trends. You must be able to provide insights about the digital environment.
Coordinate and work as a team in digital environments. Collaboration is more important than ever to achieve objectives. A good marketer is a perfectly integrated member of the team, not a lone wolf.
Have a digital marketing plan.
Align the customer experience with their moments of truth. Customer experience is one of the key pillars of marketing today. If you can identify customers' key moments, you will know how to reach them best.
Share content in the cloud and on social networks. These two tools have changed the digital landscape in recent years, and any good digital marketer will know how to do both.
Achieve good positioning for client sites. SEO and SEM knowledge is essential.
Obtain relevant information and process data. We have more information than ever, but without the ability to analyze and understand it, it is useless.
The History of Marketing
Do you know how marketing has evolved over time?
Not too long ago, marketing mostly consisted of outbound marketing, which meant chasing potential customers with promotions without really knowing if that person was interested in purchasing. Thanks to the digital transformation and the rise of new communication channels, marketing has drastically changed over the years.
To understand how marketing has changed, let’s take a look at this timeline HubSpot has assembled showcasing the innovations of this industry.
It will be interesting to see where marketing continues to grow. With new world events, like the COVID-19 crisis of 2020 causing millions of people to stay in doors, social media and marketing trends are sure to change, and we’ll be right here to track them.
Marketing is any strategy or action which can help a company achieve its goals, increase its sales and profits, and/or has improved brand perception.
Here at Cyberclick, we live and breathe marketing and advertising; it’s in our DNA!
We are experts in attracting users to our clients' websites or landing pages through marketing acquisition.
Cyberclick is a performance marketing agency. We analyze each new project we get and, if we see it as viable, we can ensure certain results according to a client’s goals. You might be thinking, “what’s so special about performance marketing?” The special thing is that a client only pays when results are achieved!
We will assess how to best optimize your digital marketing strategy and how to best distribute your budget across all channels.