Get All Access for $5/mo

How To Build A Successful Brand In The Digital Space "While consumer insight can be derived from data analytics, it can also be derived by looking at consumer behavior far more closely."

By Sandeep Goyal

Opinions expressed by Entrepreneur contributors are their own.

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

The best thing that has happened to the entire ecosystem is that digital has brought certain amount of equality and right to access the Internet not just for masses but also for start-ups. So if you have a great product and customers are looking for it, you don't really need marketing on platforms like WhatsApp,
Twitter and Google to build a brand online. The benefit of digital and mobile is the viralability of a great idea.

In fact, there are instances of brands being built on Snapchat (photo sharing app) and Periscope (live video streaming app). I have a lot of clients who have built audiences by using the telco data to know their customers, what devices they are using and whether they are roamers and this can be helpful for travel start-ups. But that doesn't mean great products don't require online marketing. Nontheless there are some key areas that start-ups should study to build a digital brand.

Understand 3Ds

Building an brand online is not a question of marketing but of product discovery, differentiation and its desirability among people. For example, delivering food only from top restaurants cannot be a significant differentiator for a food delivery start-up. Differentiation has to be fundamental, and more brilliant the product is, the easier it becomes for a start-up to scale up and build the brand online.

Get the basics right

To start with, first, get yourself a light website, which is also mobile friendly. Second, the website should always be simple with diagrammatically represented icons, etc, which engages customers in a better way. Third, hire a good user interface designer so that the navigation on the site is smooth. Fourth, decide whether it should only tell about your company or it has to be a transactional website. For example in latter's case, when a customer clicks on a dress with a banner on the main page, then it must take him to the page where he can buy that dress.

However, the most important thing for start-ups today is customer discovery. You should first know
whether there are customers for you or not. There are few smart start-ups that have crossed a certain
threshold of customer discovery and have started using digital marketing to enhance their customer connect.

Study consumer behavior

Nonetheless, using digital marketing tools like SEO, content marketing, social media and e-mail to acquire new customers is actually a mindset because lots of companies in India don't even understand how to use data analytics to improve digital marketing. Many e-commerce companies I work with try to wrestle with data reasonably inadequately even as their understanding of customer is fairly basic. So, while consumer insight can be derived from data analytics, it can also be derived by looking at consumer behavior far more closely. For example, a consumer at a mobile shop looking to buy a phone would also check Amazon, Snapdeal and Flipkart for the price and haggle with the shop owner for an acceptable price. This kind of consumer behavior won't show up in any kind of
analytics.

Flexibility in customer relationship

Often in the quest to find new customers online, start-ups don't adequately focus on the existing ones. Today, a problem with start-ups is that they don't lose existing customers, they just lapse customers as the average half life of an app today is three weeks in India. They start with using it thrice a day but end up deleting it after three weeks. So digital marketing offers you better flexibility in terms customer relationship/loyalty management. For example, as a Citibank card customer around 20 years back, there would be booklets and pamphlets you would get through mailers, but today all that can be done digitally.

This article first appeared in the Indian edition of Entrepreneur magazine (April 2016 Issue).

Sandeep Goyal

Chairman, Mogae Media

Sandeep Goyal is the Chairman of Mogae Media, Founder Chairman & former JV partner of Dentsu India.
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.

Money & Finance

5 Links You Need to Be Successful As a Day Trader

Mastering drive, computer skills, emotional regulation, situational awareness and discipline are essential for day trading success.

Business News

'Jaw-Dropping Performance in 2024,' Says a Senior Analyst as Nvidia Reports Earnings

Nvidia reported its highly-anticipated third-quarter earnings on Wednesday.

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.

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.

Science & Technology

How AI-Driven Knowledge Can Build a Smarter Culture in Your Organization

AI is changing the way we share knowledge and reducing gaps that hinder collaboration and productivity. Many questions have been raised about the impact full AI integration will have on team culture. For me, it represents empowerment and an opportunity to create a continuous learning environment.