The term “digital marketing” covers a wide range of marketing activities including marketing strategy, digital marketing analytics, and digital marketing planning. As the name implies, digital marketing occurs primarily online.

To ensure that you’re developing the right strategy to meet your objectives, it’s important to understand exactly what aspects of online marketing you need to focus on. Below, we’ll discuss five vital areas of focus for every business—and how to achieve marketing success in the digital age.

Product Launch Strategy

While your product may already exist, you’re not necessarily an established brand. Launching a product means convincing people that you’re worth buying, and a key part of that strategy is creating the right buzz around your product. To achieve that, you’ll want to develop a solid product launch strategy that focuses on the following three areas.

Product

Your product is the core of your business, so it needs to be top-notch and representative of your brand. To set the right tone from the start, pick your product’s title and stick with it – whether that’s a gadget, a service, or a component for another product. Once you have that, develop a short- but sweet description of what the product is and why someone would want it. Then, think about different marketing channels — the types of people you want to target — and craft a marketing message that will appeal to them. For example, if you’re marketing a piece of software, you might want to target experienced computer users or tech-savvy millennials.

Price

The price of your product is one of the most critical factors that will impact its success. After all, people are more likely to buy something that’s on sale or that matches their budget. To get the best possible price for your product, you’ll need to set a competitive price and make sure that it’s reflective of the value that your product provides. This aspect of marketing your product is often overlooked, but it can be one of the most effective ways to generate interest and sales. For example, if you sell technology products, you might want to set your price based on a discounted rate for a couple of months to attract buyers who are looking for a good deal.

Promotion

Finally, you need to develop a solid marketing strategy that will drive traffic to your product. To do that, you’ll want to focus on boosting the profile of your product and generating interest in it. To get the most from your promotions, you’ll want to run ads on social media to target relevant audiences. You can also use email marketing to promote your product. Designing a solid email marketing strategy is pretty easy, and you can get some help from a marketing automation tool like HubSpot.

Analytics

To ensure that you’re tracking the right results from your marketing efforts, it’s important to establish a clear benchmark. Without analytics, it’s hard to tell if you’re making progress or if you’re just spending money without any clear direction. To get the best possible results from your analytics efforts, you’ll want to create dashboards and use the data to make better decisions. You might also find it useful to look for signs of marketing ROI — Return On Investment — to determine if your efforts are worth it.

To put it simply, the advent of digital marketing has ushered in a new era. Thanks to the internet and social media, your product can be accessed by anyone, anywhere, anytime, and therefore you have the chance to target any audience you want.

In an effort to make your product launch go as smoothly as possible and generate the best possible response, it pays to be strategic about your marketing efforts. By taking the time to develop a solid plan, you’ll be able to see the results of your marketing efforts sooner than you expect.