We all know that India went through a mild recession last year. Inflation was at an all-time high in the country. Prices went up and salaries got a major hit. There were no jobs in the market and it seemed as if a long term recession had arrived in the country. The impacts could be seen this year as well.
But did that affect the digital marketing sector?
Digital marketing industry with a growth rate of 30% remained the highest growing industry in India and the world while all other industries were struggling with a growth rate of 10-12% only. Not only this industry survived but in fact thrived in recession.
Let’s see why
The old saying is “I know half my marketing dollars are wasted. I just don’t know which half.” This is what happened with your conventional marketing. You weren’t getting to know as to where you were heading to with conventional marketing except for the return on investment (ROI) that you can calculate with the help of readership and footfall. You were putting in a lot of effort and money in your conventional marketing venture but were unable to measure your marketing performance. This is one more field where digital marketing scores high i.e. in assessing your performance. The tool called web analytics in digital marketing offers you with immense metrics to track and evaluate your marketing venture at its every level. So, you can make alterations to your digital marketing campaigns according to the results that you get and save money that was going waste.[useful_banner_manager banners=24 count=1]
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These were only a few things that make digital marketing to thrive even during recession. There are a number of other advantages that make digital marketing a must for every company especially during recession.
Learn from real practitioners not just trainers.