Online Advertising for Business: Creating the Perfect Plan That Gets the Customers You Want
By Neil Patel
The internet has transformed the advertising industry. Traditionally hard-to-measure channels like TV, billboards, and sponsorships are being pushed to the wayside by cheap, trackable online advertising channels like social media ads, display, and paid search ads.
This shift is democratizing the industry. Even the smallest brands can compete on the same platform as multinationals if they have the right knowledge, ad creatives, and targeting. If you want to grow your business, online advertising should be the first place you start.
I’ll show you how you can do just that in this guide. You’ll learn why online advertising is so beneficial, the best online advertising channels to use and how to create an online advertising campaign from scratch.
What Is Online Advertising?
Online advertising is a hugely popular strategy, with almost two of every three small businesses using it to win new customers. Spending won’t decrease any time soon, either. Global online advertising spend is predicted to hit $646 billion by 2024, up from $378.16 billion in 2020.
Online advertising is a form of paid-for marketing that leverages internet-based channels to promote products and services. There are plenty of online advertising channels to choose from, including search engines like Google or Bing, social media platforms, and display ads, banner ads, and native ads.
Unlike traditional advertising mediums, the cost of online advertising is low. Small businesses can generate hundreds of new customers for just a couple hundred bucks a month. Online advertising is more measurable, too. Every channel can be tracked, measured, and optimized, so marketers squeeze as much ROI from their campaigns as possible.
Such are the benefits of online advertising, companies are increasingly dedicating more and more of their budget to digital channels.
As you can see in this infographic from Visual Capitalist, there have been sharp falls in newspaper and TV advertising spending, while search, social media, online video, and e-commerce spending has increased dramatically since the early 2000s.
Why Your Business Should Advertise Online
However big your business, online advertising is one of the best ways to build a brand, win new customers, and grow revenue. It has many advantages over traditional forms of advertising and other forms of online marketing, but there are four big benefits I want to highlight.
Immediate Results
When you advertise online, you don’t have to wait months, weeks, or even days to get rewarded for your efforts. Sales can happen as soon as your ads go live.
This is unlike virtually any other form of marketing—traditional or otherwise. With SEO, for instance, it takes an average of about three months for …read more
Source:: Kiss Metrics Blog
