Digital marketing and E-commerce Flashcards
what is awareness stage?
is the stage where people become aware of a company but only a few will think of doing business with them because of not knowing enough about the company and a lack of understanding of what it does.
marketing efforts focused on raising awareness is a must in this stage.
target audience
a group of people most likely to purchase a product or service
consideration stage
this is the stage where the audience from the awareness stage start to think of doing business with the company.
the audience at this stage finds out more about the company and compares the company with other brands. the key to winning an audience here is to make a good impression (remember you)
conversion stage
happens when the target audience is sold and decides to purchase and become a customer.
user experience and the value customers received holds the key to repeat conversion.
loyalty stage
last stage. happy customers keep coming back for more.
what is a marketing funnel?
A marketing funnel is a visual representation of the process through which people go from first learning about a brand to becoming loyal customers.
four stages of a simple marketing funnel
awareness, consideration, conversion, and loyalty.
ToFU
top funnel
MoFU
mid funnel
BoFU
bottom funnel
stages of a traditional sales funnel
awareness (ToFU)- audience becomes aware of the brand, #interest (MoFU) - audience finds out more about the brand, compares brand with other brands, #decision (MoFU)- at this stage, the brand comes up as the top choice and audience decides to make a purchase
#action (BoFU)- audience purchases and becomes a customer.
customer journey
The path customers take from learning about a product to getting their questions answered to making a purchase
how do you know if the tactics you’ve chosen are working?
measure your success rate.
measure outcomes at each stage of the funnel
measurement allows you to find out
what you’re doing right, what you’re doing wrong, and how you can improve
what is a metric
A metric is a quantifiable measurement used to track and assess progress toward an objective.
metrics companies use to measure success of their awareness stage strategies
impressions, reach and frequency
Impressions
are the total number of times an ad appears on people’s screens.
If an ad is encountered 200 times by 100 people, the number of impressions is 200, since it’s been shown 200 times
reach
is the total number of unique individuals who encounter an ad across their different devices. No matter how many times a person gets that ad, they’re only counted once.
The reach of an ad that’s encountered 200 times by 100 people would be 100.
Frequency
refers to how many times each individual encounters the ad in a given timeframe. So if each of those 100 people gets the ad twice a week, their frequency would be two.
success of consideration stage can be measured through what metrics/
website engagement, including page visits, detailed views, and email sign-ups.
four distinct models within e-commerce
b2c, c2c, c2b, b2b
define agency
an outside partner that caters to a company’s digital marketing and advertising needs
B2B
company sells products/services to other companies
B2C
company sells products/services to consumers
C2B
individual sells products/services to companies
C2C
individual sells products or services to other consumers
digital channel
any communication platform businesses can use to reach their target audience online.
digital marketing
is the practice of reaching consumers online through digital channels with the aim of turning them into customers.
E-commerce
is the buying and selling of goods or services using the internet
Experiential marketing
is the process of encouraging consumers to not only purchase a product but to also experience it.
Influencer marketing
the process of enlisting influential people to endorse or mention products or services to their followers on social media
in-house
within the same company
social media marketing
is the process of creating content for different social media platforms to drive engagement and promote a business or product
fundamentals of digital marketing
raise awareness; foster trust; build loyalty
why is it important for a company to have online presence
It is important for a company to have online presence to stay competitive because 60 percent of the world’s population are online.
is having a website enough for a company to stay competitive?
having a website is not enough. consumers need to know a brand exists, what the brand can do to help them, and what makes the brand different from the competition.
define inclusive marketing
a process of improving representation and belonging within the marketing and advertising materials to positively market to the diversity that exists in their audience and the world.
some identity traits that are helpful to keep in mind when you’re creating marketing or advertising materials
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socioeconomic status
language spoken
military view
age
gender
political view
sexual orientation
culture
religion
race
geographical location
what is the first and most important step to any marketing strategy
learning about your customers.
about customers’ needs and pain points.
what are touchpoints
reveal the kinds of decisions customers are making during their customer journey to purchase your product or service.
touch points are customer-centric and have context and reflect customer needs.
Are points where a lead interacted with a company/brand.
site an example of a touchpoint
the customer responded to an announcement sale on Twitter.
When they click the link, they are interested in knowing what they can purchase at a discounted price.
the context behind the action was curiosity, and the driving need was saving money.
difference between a journey map and a marketing funnel
*a journey map traces the customer’s path to purchase along specific touchpoints while a marketing funnel is part of a business plan for moving customers along their journey.
*a journey map adopts the customers perspective, but a funnel considers that same process from the position of the business.
*a journey map demonstrates how a customer might interact with the brand. it is about how specific customers reach consideration or conversion while marketing funnel is about what a company can do to move lots of customers from one stage to the next.
how do you make sure your brand gets in front of the right audience (awareness)?
- find out who your customers are and where they are online (which channels have the best chance of reaching them).
- take advantage of multiple channels and create a consistent experience across all of them.
- Maintain a consistent online presence.
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how long will it take a customer to get into consideration stage from awareness stage
it can take days, weeks, or even longer for them to get to the consideration STAGE.
different tactics to use to reach customers
- improve your rankings and search engine results by optimizing website content around specific search terms
- putting up digital ads on websites, social media, email, or video platforms.
- forming promotional partnerships with other brands or influencers
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When customers move from awareness stage to consideration stage they become
lead
what is a lead
a potential customer who has interacted with the brand and shared personal information, like an email address.
layman: someone who is already interested in a company
ways to educate potential customers about your offerings can address their pain points
content, blog posts, newsletters of webinars.
. Free samples, tools, or trial memberships can let potential customers test out your services before committing (may build trust in the quality of your products and give customer they need to make an informed choice)
is there a standard in building marketing funnel?
no. marketing funnel models often share similar strategies and structures, but vary based on the needs of the business.
case study: MERSEA
company: mersea, a lifestyle brand located in Lenexa, Kansa
the challenge: acquiring new customers online and turning them into repeat customers.
the approach; a mix of marketing strategies such as online paid advertising, email marketing, social media marketing, and text messaging.
MERSEA is not implementing all these strategies with its own employees. They hired an outside marketing company to assist with Google Ads
Working with a marketing company outside of the business allows the founders and its employees to focus on what they’re best at, creating outstanding products.
marketing strategies MERSEA uses:
awareness:
google ads
Search ads for brand name and product searches.
hopping ads for specific types of products, such as “kimono sweater.”
facebook ads
MERSEA advertises to potential customers from lifestyle-based targeting
Consideration
During the consideration marketing funnel stage, MERSEA continues to apply online advertising, and also uses social media marketing and email marketing.
for online advertising, a marketing strategy MERSEA uses is delivering ads to people who previously visited their website. This is called remarketing. After the customer visits the website, they then receive ads specifically for the products they viewed.
For social media marketing and email marketing, MERSEA tells stories about products and introduces potential customers to the brand.
Conversion
Mersea used the follow up strategy to improve the conversion stage with abandoned carts.
An abandoned cart is when a customer adds an item to their cart in an online store but does not make a purchase
what Mersea did:
If the customer enters their email during the checkout process, but doesn’t make a purchase, MERSEA automatically sends follow up emails reminding the customer about the product in their cart.
for Loyalty
After making a purchase, the customer receives emails about additional and newly released products they may be interested in. These emails are typically sent twice a week: one during the week and another during the weekend
goal of the conversion stage
to turn potential customers into buyers
what can set brands apart at the conversion stage
clearly-organized website
clear and useful content and experiences.
accurate product descriptions,
clear returns policy.
Well-placed, product-focused ads,
smooth checkout process
how to build loyalty
create a great customer experience during and after purchase through follow-up emails, rewards programs, or social media engagement to nurture relationships with customers on an ongoing basis
ways to measure success for conversion stage
C- ost per conversion,
A- verage number of touchpoints before
__ conversion,
N- umber of conversions,
T- ime to conversion,
A- verage order size (these can provide insights
__on how a customer interacted with your ___brand)
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how to measure loyalty
will depend on the businesses’ target audience and particular goals. May include:
rate of repeat purchases,
length of time between purchases,
number of orders per customer
rate of account activation after sign-up
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Customer journey map
A visualization of the touchpoints a typical customer encounters along their purchase journey
Omnichannel
The integration or synchronization of content on multiple channels
Pain points
Problems customers want to solve
what is brand?
brand is how the public perceives a business or organization. more like a personality or a reputation. the sum of who you are and what people think about you and your products.
a business who wants to focus on digital marketing should carefully consider the customer journey because understanding and improving the journey can be marketed and sold to increase company revenue.
a business who wants to focus on digital marketing should carefully consider the customer journey because understanding and improving the journey can be marketed and sold to increase company revenue.
why is it important to know about brands and their value
a company’s brand guides all of their marketing and sales efforts
what must be done before thinking of putting up ads or promotion
companies need to understand their mission, values, and unique offerings.
a brand is who you are, and marketing is how you get people’s attention.
a brand is who you are, and marketing is how you get people’s attention.
brand equity
It’s the value consumers attribute to one brand’s offering when compared with similar products from another brand
Brand safety
refers to the practice of keeping a brand’s reputation safe when they advertise online.
13 topics that brands should avoid associating themselves with to maintain brand safety
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crime, arms, spam, adult content,drugs, obscenity, fake news, injury, hate speech, terrorism, online piracy, tobacco, death, military conflict.
steps you can take to ensure your brand is maintaining brand safety
DCSU
1. define what is considered to be “unsafe” for your brand
2. Consider what topics might be harmful to your brand.
3. make sure you and your team understand that scale isn’t everything.
4. use trusted technology
Some strategies marketers take to maintain brand safety are:
BUSA
Buy ad space directly from reputable publishers. This will ensure your ads aren’t placed where you don’t want them. (Note: doing this may mean you miss out on potential sales since you’re limiting yourself to certain customers.)
Use image recognition. This will identify images that deem content unsafe for your brand.
Select keywords to avoid. Publishers will allow you to choose keywords to avoid, so you can include those when you submit your content.
Apply geotargeting. This means making sure you know which regions your ads are running in, which helps you make sure you are remaining sensitive and relevant to all your customers.
digital marketing strategy
is a plan for achieving specific goals through online channels to support and advance business objectives
essentials to the success of any digital marketing strategy
*research audience- who you’re trying to reach
*set meaningful goals- what you want to accomplish
Media Mix
refers to the combination of digital channels used to reach your goals and how you divide your budget among them
how do you do digital marketing?
hierarchy is like this
*research audience
*set meaningful goals
*review your existing media for *gaps
*select marketing channels
*plan the content you’ll use to reach your goals
*create a plan to measure and analyze results
how to find out the type of content your audience engages in?
analyze certain customer data points.
ways to create customer personas
- marketing automation tools like
HubSpot,
Xtensio,
Up Close & Persona - research by Using surveys, interviews, and/or data that already exists in your automation tools
Customer personas
represent a group of similar people in a desirable audience
in goal setting, it is important to be clear with why they matter and what they involve.
in goal setting, it is important to be clear with why they matter and what they involve.
difference between a business goal and a marketing goal?
business goals are desired outcomes for a business. Include things like: girli
increasing profits,
gaining new customers,
improving customer service,
raising productivity, or
launching new products or services.
marketing goals are smaller and related to marketing strategy.
include : grid
raising brand awareness,
increasing web traffic,
generating new leads, and
driving sales or conversions
So how do you connect a marketing goal like raised brand awareness to a business goal like increased profits?
example, let’s say there’s a company that makes photo editing software, and they want to expand their customer base. A well-defined version of this business goal could be something like: Grow our number of active customers by 25% over the next two years by adding five frequently-requested features to our software.
the example above is also a great example of a well-defined goal (specific). It tells you what they’re going to do ( Grow our number of active customers by 25%), how they plan to do it ( by adding five frequently-requested features to our software), and when they want to get it done (over the next two years ).
now, let’s consider this goal from a marketing perspective. What kinds of digital marketing goals could help this company expand its active user base? How about increasing website traffic? After all, people need to visit the website to sign up for an account, but more website traffic doesn’t necessarily equal more new users. It would depend on how many of those visitors are new versus existing customers and what they’re doing once they get to the site. So increasing website traffic might work, but maybe there’s a better option. What about generating new leads? Since a lead is someone who is already interested in a company, lead-generation is more likely to result in more signups than general website traffic. A well-defined version of that goal could be: We will increase our lead generation by 40% in the next year by running upper-funnel ads that highlight our new features and increasing our mid-funnel budget by 20%. By raising awareness of the new features and increasing the budget for activities that create new leads, the marketing goal supports the business goal of growing its user base
Before you create marketing campaigns
evaluate what your company’s goals are
SMART
specific, measurable, attainable, relevant, and time-bound.
three main categories of digital media
paid
owned
earned
paid digital media is
any form of digital promotion a brand pays to put online- produce results instantly, cons- gone when payment is stop.
earned digital media is
is any positive digital exposure generated through personal or public recommendations. generated by customers. a customer likes a product so much that they tell their friends about it for free,
can take the form of social media mentions, blog posts, written or video reviews, or positive press coverage, like product profiles or best-of lists
owned digital media
refers to all the digital content a brand fully controls. doesn’t advertise or sell products directly but provides value by giving customers what they need in order to make informed decisions. includes; website content, blogs, eBooks, and social media content
SEO
A set of practices designed to increase the quantity and quality of traffic to a website. it is a process you undertake to make search engines recognize your content as relevant and high quality.
keyword research
this is what you do to identify common search terms and phrases consumers use to find products or services online. the goal is: find the keywords that are most relevant for your audience and products and make sure they are part of your content.
quality content
a quality content is a content that is up to date, useful and usable for your customers and also matches your business’s current offerings and reflect keyword trends.
website structure
makes it easier for both search engines and customers to navigate your content.
Search Engine Marketing (SEM)
a form of digital promotion (paid advertising)-they are the paid ads that appear on search engine results pages. above or below the regular search listings in a SER
Search Engine Marketing, or SEM
is the process of generating traffic to a website through paid ads that appear on search engine results pages. SEM ads are the ones that appear above or below the regular search listings in a SERP.
SEM a broad umbrella that includes both paid ads in search engines and SEO.
EM starts out the same way that SEO does: with keyword research.
Once you have your keywords you enter an ad auction to bid on them.
When you bid on a keyword, you decide how much you’re willing to pay when someone searches for a term and clicks your ad.
This is known as pay-per-click, or PPC, because you pay only when someone clicks on your ad.
EM starts out the same way that SEO does: with keyword research.
Once you have your keywords you enter an ad auction to bid on them.
When you bid on a keyword, you decide how much you’re willing to pay when someone searches for a term and clicks your ad.
This is known as pay-per-click, or PPC, because you pay only when someone clicks on your ad.
ad auction
is how a search engine determines which ads to display, and the order they’re shown, When someone performs a search.
cost-per-click, or CPC
The amount you pay when someone clicks on a PPC ad
what are the benefits of paid ads
paid ads give you control over where those visitors land on your site, whether that’s a sign up form or a specific product page
they create opportunities for remarketing. Remarketing allows you to identify previous customers or visitors to your website and serve them paid ads on other sites and social media platform
remarketing
a way of recapturing the attention of people who are already interested in your brand
SEM is a way for brands to generate traffic to their websites by placing paid ads on search engine results pages. It uses a model called pay-per-click advertising, which charges you when someone clicks on your ad. Paid ads have some big advantages like reaching customers quickly, controlling where visitors land on your site, and remarketing.
SEM is a way for brands to generate traffic to their websites by placing paid ads on search engine results pages. It uses a model called pay-per-click advertising, which charges you when someone clicks on your ad. Paid ads have some big advantages like reaching customers quickly, controlling where visitors land on your site, and remarketing.