Module 1- Digital Marketing in the Era of AI Flashcards
Digital Marketing vs Digital Media
In essence, digital media is a subsection of digital marketing, and we often talk about them differently. Marketers use digital media to achieve their digital marketing strategies.
Challenges of Outbound Marketing
The major challenge of outbound marketing is the audience mindset. With outbound, the audience is not actively looking for products or brands. They have certain characteristics that you as an advertiser want to target and you’re actually interrupting their day with your ads.
Has to focus on frequency
Frequency vs Reach
Frequency measures how often you show your ads to a single person. Reach measures the total size of the audience you target regardless of how often they saw your ad.
Challenges of Inbound Marketing
Complexity; must be able to anticipate search needs of an audience. Must engage in ongoing keyword research.
Why is Inboud Marketing more valuable than Outbound?
Inboud actions are people actively engaging and searching. Outbound goes largely ignored.
What are the three main categories of digital media?
Owned, Paid and Earned
What is Owned media?
A company’s own content. Ex., packaging, website, app, POS, blog, social media.
What is paid media?
Any media the company paid for. Paid search, video ads, banner ads, retargeting, social media advertising
What is earned media?
Earned media is free publicity generated by consumers through reviews or recommendations. Non-paid influencers etc.
What are benefits of owned media?
Cost efficiency, flexibility, longevity, power of developing a platform for your audience
What are benefits of paid media?
Fast turn-around time, scalability. Quickly reach a very specific audience.
What are the benefits of earned media?
Organic (cost effective), creates credibility, builds brand reputation, longer impact
What are some traditional media promotional methods?
Print, broadcast, referral, film, tv, direct mail, posters, billboards
What are the three principles of the test and grow approach?
Set your objective, define your audience and channels, launch and test
What is the DMI 3i method?
Initiate, iterate, integrate
How do you initiate?
Conduct market research
How do you iterate?
Optimize campaigns based on data analysis