Digital Marketing Ch 1-10 Flashcards
Study for midterm (43 cards)
What the internet is and how it has changed marketing
the internet makes it possible for a business to pivot, or to change direction, far more quickly. This agility allows for a business to meet actual needs and current trends, rather than perceived needs and desires. The internet’s rise has led to an increasingly connected communications environment.
How to define and distinguish marketing and digital marketing
- Marketing is the creation and satisfaction of demand for your product, service, or idea.
- Digital marketing offers a unique opportunity to tailor marketing campaigns to target specific customers.
- There is, in fact, no difference between ‘traditional’ marketing and digital marketing. They are one and the same, apart from digital being specific to a medium.
How to think about digital audiences
- the audience can be segmented very precisely, even down to factors like current location and recent brand interactions, which means that messages can (and must) be personalized and tailored for them.
About the importance of data-driven decision-making.
- A benefit of digital marketing is that you do not have to theorise, guess, or rely on ‘gut feel’ in pursuit of customers who want and will pay for your product or service. The internet provides real-time data, which you can use to improve your business and marketing decisions.
Conceptual tools for understanding your customer
Tool 1. Develop web personas
Tool 2. Demographics and Psychographics
Tool 3. Intrinsic and extrinsic motivators
Tool 4. Understanding your customer
How digital has affected customer behavior
- The pervasiveness of digital has changed the way that customers make purchasing decisions. For one thing, information is constantly at their fingertips and available to them.
- Customers are now bombarded with targeted ads, banner ads, and more, whenever they open their browsers or inboxes.
- There are three main concepts that you should understand when considering customer behaviour: 1. The impact of digital, or digital disruption 2. Global citizenship and the idea of global ‘tribe’ 3. The attention economy.
About customer data
- Marketers now have more power, too. By analysing customer data, they can improve customers’ experiences and increase engagement rates and conversions.
The 5 steps to data colllection
- Establish the goal: Decide what data you are collecting and why you are doing it.
- Impose a timeframe: Data collection should have a set timeframe.
- Pick a data collection method: Choose how you will collect data based on your goals and set timeframe.
- Collect the data: You can do this via surveys, online tracking, transactional data tracking, online marketing analysis, and collecting subscription data.
- Analyze and learn from the data collected: This is the most crucial part of this exercise. There is no use collecting data if you are not going to use it.
The marketing research process
- Define the research problem/opportunity
- Design the research
- Select a sample
- Collect and analyze data
- Write or update the report
key concepts in conducting market research
- Market research helps you make informed business decisions. It involves systematically gathering, recording, and analysing data about customers, competitors, and the market, and turning this data into insight that can drive marketing strategies, product design and positioning, and communications strategies.
- There are four key concepts to consider before conducting your own research. 1. Research methodology 2. Qualitative and quantitative data 3. Primary and secondary research 4. Sampling
About several methods for conducting online research, including surveys, online focus groups, and data sentiment analysis
- Surveys: Ideal for collecting large amounts of quantitative data and some qualitative data. They are quick and easy to set up and can run automatically.
- Online focus groups: Ideal for engaging consumers and collecting qualitative data, such as opinions, ideas, and feelings about the brand. They require a larger time investment and a willing group of participants.
- Online monitoring: Ideal for collecting qualitative data on brand sentiment, and can also provide some quantitative data around volume of interest in the brand. This data can be collected passively, and there are several tools that can automate this process.
How to describe the design thinking process
- The five stages of design thinking are: empathise, define, ideate, prototype, test.
- Design thinking is a process that can be used by marketers to understand their users. By applying design thinking, they understand, define, and redefine assumptions and problems and create solutions for the market.
How to explain why design thinking is important
- Design thinking keeps the marketers close to the users and results in products and services that actually meet people’s needs — not just what companies think people need.
How to define the business strategy and distinguish the marketing strategy
- The purpose of a marketing strategy is to reach the brand’s target market and turn people into buyers of the business’ product/s and/or service/s. It uses the business and brand strategy to determine its objectives and then packages the value proposition and offering to the market.
- The goal of any business is to make money. To do so successfully, business strategy needs to ask a few important questions, such as “What is the business challenge that we are facing that prevents us from making more revenue?” and “What business objective/s should we strive for to increase the money in the bank?”
About the integral role of digital technology in business today
- Digital quickly became integral to every area of business to continue running – at least, for those businesses that could still operate. As a result, it has become vital for companies to adopt a holistic approach to planning their business and marketing strategies in a way that integrates digital technology as a standard business practice, rather than just an add-on.
- The role that digital can play in your business strategy may include:
- To offer a better understanding of how people are living their lives (B2C)/how businesses are operating in the contemporary world (B2B)
- To offer an idea of various opportunities, what is feasible for your business, and your value proposition.
How the shift in customer behaviour affects strategy
- The more data you collect, the more relevant you can make your customer experience. Relevance leads to a better customer experience, which leads to more opportunities to collect data. A customer-focused, data-driven organisation needs to embrace this cycle, which enables both incremental and disruptive innovation.
About the key building block concepts that are essential to any strategy
- Porters five forces: Porter’s Five Forces analysis is a business tool that helps determine the competitive intensity and attractiveness of a market.
- The four P’s: Product, Price, Placement, Promotion
- SWOT Analysis: A SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) is an ideal way to understand your business and your market.
About the questions that need to be asked when developing a digital marketing strategy
- When setting your digital marketing goals, there are four key aspects to consider: objectives, goals, tactics, key performance indicators (KPIs), and targets.
- “Why are we doing any of this?
- What goal, purpose or outcome are we looking for?”
- What are you trying to achieve?
- How will you know if you are successful?
How to think about web projects with a UX mindset
- When thinking about web projects, we must go back to the core principles of UX. Which means to incorporate a user-centric design (building your web page of what the user wants rather than the owner), usability and conventions (making digital assets easy and intuitive to use), simplicity (not bombarding users with information and simply explaining what it is and how it works), credibility (how trustworthy is the platform).
About the nuts and bolts of implementing UX strategy
- There are six qualities that make up good UX:
1. Findability: Can I find it easily? Does it appear high up in the search results? How long does it take me to find something on the site? Does the three-click rule work on this site?
2. Accessibility: Can I use it when I need it? Does it work on my mobile phone or on a slow internet connection? Can I use it as a disabled person?
3. Desirability: Do I want to use it? Is it a pleasant experience, or do I dread logging in?
4. Usability: Is it easy to use? Are the tools I need intuitive, and easy to find?
5. Credibility: Do I trust it? Is this website legitimate?
6. Usefulness: Does it add value to me? Will I get something out of the time I spend interacting with it?
About the nuts and bolts of implementing UX strategy step-by-step
Step one: conducting detailed research on the business, the users, and the technology involved.
Step two: create basic site structure, Information architecture (IA) is about managing information, taking a lot of raw data, and applying tools and techniques to it to make it manageable and usable. Categories and pages should flow from broad to narrow. An intuitively designed structure will guide the user to the site’s goals.
Step three: analyze content, If you’re working on a website that already exists, it will be populated with a wide variety of content. In this case, you need to perform a content audit, which is an examination and evaluation of the existing material.
Step four: principles of creating content, There are three key points you should consider here:
1. Structure, content needs to be written so that users can find the information they need as quickly as possible.
2. Hierarchy, The important information should be at the top of the page to make for easy visual scanning.
3. Relevance, Above all, the content on the page must be relevant to the user and the purpose of the page itself.
About a variety of awesome UX tools.
- Balsamiq
- Axure
- Gliffy
- InVision
How the web development process works, from planning through to design and launch
- Web design is the process of creating all the visual aspects of the interface. This covers the layout, colour scheme, images, logos, type, design elements (such as buttons and links), and anything else that you can see.
- Web development is the process of taking finished web designs and transforming them into fully functioning, interactive websites.
The Web Development Process
Step 1: Discovery and planning. Planning a website starts with research focusing on your market, your users, your competitors, and your business.
- Step 2: Design: Design usually happens before development. According to the steps explained earlier in this chapter, the designer will transform the wireframes and basic planning materials into beautifully designed layouts.
- Step 3: Development. The development phase usually kicks in once the design is finished. Developers will sometimes start their involvement as early as the wireframe stage by creating low-fidelity prototypes to support the user-testing process.
- Step 4: Testing and launch. Once you have planned an amazing site, designed it beautifully, built it skillfully, and filled it with fantastic copy, it’s time to test it and then take it live!