While it is fair to say that Internet marketing has certainly affected offline trading figures, the comparisons are not directly proportionate for the simple reason that the Internet had opened up huge new markets that were not feasible before this ‘information superhighway was born. The interactive nature of Internet marketing and the low costs involved in distributing information and media to a global audience makes a beautiful platform for any business model, regardless of size. The latest figures from credit card companies report a 15 billion dollar turnover from Internet sales in the last year and rising rapidly. So it is not surprising that budgets for Internet marketing are taking a bigger slice of the advertising cake. The numbers of individuals earning their living directly from Internet marketing are ballooning off the scale.
Internet marketing draws together all the creative and technical aspects of the Internet, which include design, development, advertising, and sales, and the techniques used in Internet marketing include search engine marketing, email marketing, affiliate marketing, online advertising, and more recently, social media marketing methods as employed in blog marketing and viral marketing.
Internet marketing is the process of building, growing, and promoting a business individual or organization through any online activity, including websites, blog sites, article marketing, press releases, online market research, email marketing, and online advertising. To fully comprehend the huge benefits offered by the Internet marketing process, it is difficult not to draw comparisons with offline marketing methods. Still, it has to be remembered that one is not a replacement for the other. Internet marketing and offline marketing will both have an important part in the future of any business, assuming it is not purely Internet-based. Let us now look at the benefits that Internet marketing has to offer.
Low Cost
Since the Internet can be regarded as a ‘free for all’ activity center where information is shared freely with all interested parties, the cost involved in the overall Internet marketing strategy is relatively low. Apart from the obvious expenditure incurred in operating a website, a large proportion of the budgets set aside for Internet marketing will typically be swallowed up by services and resources offering expertise in the various marketing techniques that fall under the Internet marketing umbrella.
For example, Search Engine Optimization plays an important role in positioning a website in search engine rankings. The larger organizations will often employ the services of a search engine optimization company to carry out this duty. Equally, there are Internet Advertising Agencies available to handle all aspects of online advertising. Smaller companies or sole traders may carry out their own search engine optimization and advertising campaigns and need only a few hundred dollars budget for marketing software tools. Either way, the overall cost of Internet marketing is much lower than the cost of a similar offline campaign.
Work From Any Location
All activities that fall under the Internet marketing banner can easily be organized from a laptop computer. Most communications are made using online contact forms, email, or instant messenger, and payments for items such as website hosting, internet marketing software tools, and resource fees can all be paid online using a credit card. Web site design and management is also another area of Internet marketing easily managed from a laptop computer. The versatility of the ‘laptop’ means that these duties can be carried out from any location. Therefore, those involved in the Internet marketing fraternity can easily work from a simple home office or even away from home. Commuting is unnecessary.
The Level Playing Field
Unlike offline commerce, Internet marketing techniques now make it possible for an individual or sole trader to compete with the larger organizations in his online business. A larger company whose name was on everyone’s lips would indeed have a head start in their website’s marketing. A larger presence in the search engine pages, beyond that the doors are opened, is quite common to see a smaller commercial outfit riding higher than their much larger competition in search engine results. Yes, the online advertising budgets would be much bigger for the national companies. Still, there are many Internet marketing techniques and resources available to solo marketers that would help them to stay in touch. There are literally hundreds of new Internet millionaires developed daily.
There are also many niche areas with good benefits derived from Internet marketing. Still, generally, the process is attractive all around to promote any business, recreational or personal projects across the Internet. Internet Marketing is where the future lies for businesses large and small. The Internet has arrived, and no one can deny it!
