Difference between Digital Marketing and Traditional Marketing? Why does it matter?

What's the difference between digital marketing and traditional marketing and why does it matter? The answers may surprise you.

Many small businesses struggle with deciding which kind of marketing to go with,  because their budget was limited and they only prefer to choose one or the other but not both. The decisions that are not easy in selecting the marketing field: which method of marketing will give me the most probability of getting business? How do I know if my marketing strategy is working ? Whom should I trust with my marketing? Should I do it myself? The answers may surprise you.

Difference between the terms, traditional marketing and digital marketing are,

Traditional Marketing : The use of print ads on newspapers and magazines is a simple example of traditional marketing. Other examples include flyers that are put in mailboxes, commercials like TV and radio and billboards. 

Digital Marketing : When a business invests on building a website, advertising the brand name through different social media networks such as Facebook, Twitter and YouTube, this kind strategy is called digital marketing.

Benefits of Traditional Marketing

• Easily reach your target local audience: For example, a newspaper ad might distribute in one location, city or region. Or mailbox flyers will go to households in a select number of subscribers.
• The materials can be kept: The audience can have a hard copy of materials of which they can read or browse through over and over again.
• It's easy to understand: It can be easily understood by most of the people because they are already exposed to this kind of strategy.

The Downside to Traditional Marketing

• There is very little interaction with the customers - It is more of providing information to the public that the brand exists.
• Print or radio advertisements can be very costly - Printing materials can be expensive and you need to hire people to distribute these.
• This marketing strategy cannot easily be measured - Was the campaign successful?

The Benefits of Digital Marketing

1. You can target a local audience, also an international audience too: You can run a campaign to specific audience demographics, such as gender, location, age and interests. This means your campaign will be more effective.
2. Your audience can choose how they want to receive your content: While one person likes to read a blog post, another person likes to watch a YouTube video. Traditional marketing doesn't give the audience a choice. Most people hate receiving sales flyers in their mailbox or phone calls at inconvenient times on stuff that they have little interest in.  Online people get the choice to opt in or out of communications and often it is relevant because they were the ones searching for it in the first place.  Don’t underestimate the power of market segmentation and tailored marketing.
3. Interaction with your audience is possible : with the use of social media networks. In fact, interaction is encouraged. Traditional marketing methods don't allow for audience interaction. You can encourage your prospects, clients and followers to take action, visit your website, read about your products and services, rate them, buy them and provide feedback which is visible to your market.
4. Digital marketing is cost-efficient: Though some invest on paid ads online; however, the cost is still cheaper compared to traditional marketing.
5. Data and results are easily recorded: With Google Analytics and the insights tools offered by most social media channels, you can check on your campaigns at any time. Unlike traditional marketing methods, you can see in real time what is or is not working for your business online and you can adapt very quickly to improve your results.
6. Level playing field:  Any business can compete with any competitor regardless of size with a solid digital marketing strategy.  Traditionally a smaller retailer would struggle to match the finesse of the fixtures and fittings of its larger competitors.  Online, a crisp well thought out site with a smooth customer journey and fantastic service is king – not size.
7. Real time accurate results: you don’t have to wait weeks for a boost to your business like you would have to waiting for a fax or form to be returned.  You can see the numbers of visitors to your site and its subscribers increase, peak trading times, conversion rates and much more at the touch of a button.
8. Brand Development in all over the world: A well maintained website with quality content targeting the needs and adding value to your target audience can provide significant value and lead generation opportunities.  The same can be said for utilizing social media channels and personalized email marketing.
9. Viral: how often do your sales flyers get passed around instantly by your customers and prospects?  Online, using social media share buttons on your website, email and social media channels enables your message to be shared incredibly quickly.  If you consider the average Facebook user has 190 friends of which an average of 12% see their liked posts – your one message has actually been seen by 15 new prospects. Now imagine a number of them also like and share your message and their friends do the same?  That's why high-quality content is so important.

So which kind of marketing is better?

How We Use Both Digital & Traditional Marketing

Our traditional marketing methods support our digital marketing efforts. The two do not operate in exclusion from each other. But we only use hard copy marketing materials to further strengthen a relationship with a contact, referral partner or client. We don't invest in television or radio ads, for example, but we will give brochures to someone who is interested in our services.

Rather than taking an all or nothing approach, it appears that a multi-channel approach that leverages the unique benefits of paper with the convenience and accessibility of digital will perform best.