Get All Access for $5/mo

Why Digital Marketing Is The Need Of The Hour For Indian Businesses With these gigantic numbers in place, no doubt the opportunities associated with digital promotion and marketing are immense and businesses are increasingly acknowledging this fact

By Satya Satapathy

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

With the number of internet users in India poised to touch a whopping 450 million mark in the coming two months, as per Internet and Mobile Association of India, investing in digital marketing warrants a colossal growth for Indian enterprises~

As I pen down this article about a quarter of our country's billion plus population is already engaged in utilising the infinite 'web' opportunities on smartphones as well as PCs. If that's not compelling enough, then the telecom ministry of India expects the number to inflate to a historic 730 million by 2020.

With these gigantic numbers in place, no doubt the opportunities associated with digital promotion and marketing are immense and businesses are increasingly acknowledging this fact. In this write up I will dive a bit deeper to highlight the business potential of Digital Marketing.

A reach of an unprecedented magnitude

While an innovative product does help in creating a buzz in the market, the real potential of a class apart entrepreneurial idea can only be leveraged is via a solid marketing strategy. Digital marketing in this regard proves to be a shot in the arm, building a brand from its nascent stage. A holistic digital marketing initiative including targeted campaigns on social media, email as well as mobile can do wonders when it comes to conversion rates. The booming smartphone penetration in India coupled with increased usage of internet has given rise to a new group of consumers who heavily rely on the internet for purchasing products and services.

Lower Operating Expenditure

Since India is home to a significant number of Small and Medium Enterprises, budget constraints have always been key obstacle for them when it comes to deploying aggressive marketing approach. A properly planned and effectively targeted digital marketing campaign can reach the right customers at a much lower cost than traditional marketing methods.

Traceable

While measuring the effectiveness and accurate impact of a traditional marketing strategy is a daunting task, digital marketing can be tracked with a host of web analytics solutions and other online tools. The tools fetch you with comprehensive information regarding the behaviour of customers after viewing your advertisements or website. This visibility also enables a business to make quick amendments to its digital marketing strategy for better results.

Highly Customisable

Notifying your customers with customised targeted offers as per their purchasing behaviour will not only help you in increasing your revenue figures but will also result in a kitty of loyal customers. The more the customers engage with your brand, the more you can filter your marketing strategy to help them with tempting offers.

Higher Conversion Rates

Digital marketing is a coherent process where in customers can engage and purcahse with the brand with just a few clicks. This concludes in higher conversion rates for businesses unlike traditional marketing strategies with multi step processes.

Satya Satapathy

Managing Director, Creation Infoways

News and Trends

Tech Burner's Anarc Smartwatch Achieves INR 3 Cr Sales with USD 1 Mn Investment

Anarc features a patented octagonal design by Thought Over Design and Seymourpowell, with a medical-grade stainless steel body. It includes advanced technology like a Hisilicon chipset, AMOLED display, and seven-day battery life.

Starting a Business

He Started a Business That Surpassed $100 Million in Under 3 Years: 'Consistent Revenue Right Out of the Gate'

Ryan Close, founder and CEO of Bartesian, had run a few small businesses on the side — but none of them excited him as much as the idea for a home cocktail machine.

Diversity

5 Ways You Can Create a More Inclusive Workplace Immediately -- and Why You Should

The more diversity you bring to your team, the greater your chances of finding groundbreaking insights and solutions.

Marketing

4 Neuromarketing Hacks to Reach More People and Maximize Results

You don't need to be a neuroscientist or have a big budget to start upping your conversions immediately.

News and Trends

Insurtech Player Zopper Raises $25M in Series D Funding

With 40 insurance companies and 2500+ ecosystem players, Zopper will utilize the fresh capital to ramp up digital infrastructure, by strengthening its Insurance Distribution platform

Business News

'Do You Sell Cars?': Tesla CEO Elon Musk Trolls Jaguar Rebrand on X

The team running Jaguar's X account was working hard on social media this week.