In the past, people mostly grew their own food and prepared it themselves. Shopping for groceries was mostly a ritual, and heading to the store was a way of life. Today, with the advancement of technology, more and more people are enjoying the luxury of shopping for their food needs. Although the process of shopping for groceries can still be considered “traditional,” it has changed drastically over the years. With numerous websites providing the organic and gluten-free alternatives to everyone, it is no surprise that more and more people are embracing a healthier lifestyle.
The Rise In E-commerce
The rise in e-commerce can be directly correlated to the increase of food delivery services and online marketplaces. It is no longer uncommon for families to enjoy a meal prepared by a professional chef who also happens to be a trained marketer. According to HubSpot Blogs research, 79% of respondents were more likely to purchase a product or service advertised on social media, while 64% were more likely to make a purchase after watching a video related to the product. More and more people are connecting the dots between advertising, public relations, and sales.
Paid Marketing Versus Organic Marketing
Organic marketing is all about creating awareness and attracting potential customers without paying for each individual action. In other words, you’re paying for people to learn about your product or service. Paid marketing, on the other hand, is about paying for each action, such as making a purchase, opting into a mailing list, or filling out a form. When trying to decide which online marketing strategy is better, you need to consider several factors, including your financial situation, target audience, and existing social media platforms.
Paid Marketing versus Organic Marketing: The Differences
Organic marketing is a form of marketing that doesn’t require you to spend a single penny. This type of marketing often gets a bad rap because people think that it is “free”, when in fact it can be quite costly. In the world of digital marketing, organic marketing is used to describe the various methods of marketing a business’ products and services that don’t involve paying for advertising. One of the primary differences between paid and organic marketing is that with the former, you are paying for each action (click, read, watch, or listen to something), while with the latter, you are only paying for awareness (learning about your product or service).
Which Type Of Marketing Is Best For Your Business?
Now that you’re equipped with an idea of what organic marketing and paid marketing are and the differences between them, it’s time to figure out which type of marketing is best for your business. To do this, you need to establish a marketing budget and consider the resources that you have at your disposal.
Budget
Your business’ marketing budget should be considered when determining which type of marketing is best for your business. Are you looking to invest in a new marketing campaign in the near future? Consider spending some of your budget on a small test run to see how a particular marketing strategy performs before investing large amounts of money. Having a small budget doesn’t mean that you can’t have a successful marketing campaign, it just means that you have to be realistic about what you can afford. If your budget allows, go for it. If it doesn’t, then consider the limited options that are available to you.
Existing Social Media Platforms
Another thing to consider when deciding which type of marketing is best for your business is your existing social media platforms. Do you have a page on Facebook? A Twitter account? ALinkedIn profile? Each of these platforms offers completely different features and tools that you can use to grow your business, attract potential customers, and engage with current customers.
Customer Feedback
Even when you have a good budget and you are able to test different types of marketing strategies, nothing will ever go completely according to plan. That’s why it’s crucial to consider customer feedback when deciding which type of marketing is best for your business. If you’re not getting feedback from your customers, then you’re either not trying hard enough or you’re doing something wrong. Make it a point to ask customers what they think about your product/service and how you can improve it. Don’t just look at positive feedback; look at both positive and negative feedback, and act on what you learn.
Product Research
To be able to decide which type of marketing is best for your business, you need to be well-informed about your product. What is it? Where does it come from? Who makes it? What are its dimensions and weight? Once you have the answers to these questions, you will be able to decide which type of marketing is best for your specific needs.
Additional Considerations
Once you have established the type of marketing that you want to pursue, you need to consider several other things. First, what is your target audience? What are they looking for? What do you offer that they don’t already have? Second, who are your competitors? How are you going to compete against people who are already established in their fields? Third, what is your marketing plan? Have a clear plan in mind. If you don’t have a marketing plan, then it’s time to make one. Finally, how are you going to measure the results of your marketing efforts? You need to have a way of tracking the campaign’s efficiency, and this is where analytics and metrics come in.
In the end, it comes down to your own preferences. Some prefer to focus on organic marketing while others prefer to spend their time and money on paid marketing. What is important, however, is that you choose a strategy that you are comfortable with and that you can grow with over time.