Tuesday, 4 February 2020

What is Markting all about

Let's understand first what is  "Traditional  Marketing"
Traditional Marketing refers to a kind of promotion, advertisement in which companies used this method in the early period to market their product. This Marketing includes print advertisements, billboards, flyers or pamphlets, TV, newspaper, radio, etc.
                                           

So, What is the loopholes in doing this type of marketing?
That marketing plan might well address some of the drawbacks of traditional marketing:
§  Print can be difficult to measure – a considerable handicap if your marketing team is pushing you to quantify the return on your marketing investment (ROI). Just because people subscribe to a newspaper or magazine doesn't mean they actually read it. Circulation should never be confused with actual readership, which has always been vexing for publishers to quantify in meaningful terms.
§  Broadcast can be expensive, if not out of the financial reach of many small business owners. And since it is designed to reach “the masses,” it doesn't target consumers the way many business owners believe is crucial to their success.
§  Direct mail has historically produced a relatively low response rate – generally between 2 and 5 percent. But these are usually reliable and consistent numbers that can be bolstered by careful execution. For example, be certain that you're working with an up-to-date mailing list, emphasize benefits rather than features, highlight a compelling offer and develop a recurring campaign in which consumers receive multiple direct mail pieces from you. You will probably be disappointed if you expect a single direct mail piece to be a “one-shot wonder.”
§  Telephone marketing may be inexpensive, but just try getting even a small percentage of those cell phone owners to answer a call from a number they don't recognise. And the number of landlines has dropped commensurately with the growth of cell phones. In fact, the AARP reports that in 2017, the “wireless only” rate for “those ages 18 to 24 was 64.2 percent; for those 35 to 44 it was 63.9 percent; for those 45 to 64 it was 47.1 percent; and for those 65 and older it was 23.9 percent.”
       Now, How to overcome this problem? 
       For Every problem there is a Solution. I came across a best solution for you and Its name is
                                                                                  "Digital Marketing"