Traditionally, the term "market" refers to the location where buyers & sellers meet for trade of goods & services. Based upon the quantity of goods handled, there are market & retail markets, although economy is your very common term, known to all.
In the modern concept sense the term "market" has a broader meaning. It pertains to the collections / collection of a products & services of buyers.
There are various types of the advertising, however there are two principal segment, first being the conventional marketing & second, being the electronic advertising. In this article, we'll discuss about such methods in details.
01) TRADITIONAL Advertising
Traditional marketing refers to any type of promotions, advertising or publicity,which are usually employed by the firms/ business factors for a longer interval, & with a proven success rate.
In older times, advertising was defined as the flow of goods & services from manufacturers to customers. This is a product oriented definition of promotion. The manufacturer concentrate just that what they can produce / manufacture, & desire of consumers aren't taken into the thought.
Methods of traditional methods include print advertising, like billboards, newsletters, newspapers advertisements. Kinds are advertisements, television, radio -broadcasting advertisements about any company's product or service.
NEED OF DIGITAL MARKETING
Since the technology is progressing in now-a-days, that demands the shift in everything. The digital promotion is a region of the computerisation. Talking for approximately 20 years ago, there was no connection, no servers, no phones & of course. But after some time mobiles while the technology grows phones & computers are introduced into human being's life. After some more time, internet facilities got introduced, which bring about the revolution. Examples of the digital marketing includes the websites, media networks that are social, emails are the most common. The advertising is similar to one but by employing information technology & the digital devices. It's reliable Faster & easy to find hence medium & accepted.
02) DIGITAL MARKETING
Digital marketing is a wide term that refers the marketing through the internet website medium such as search engines,websites, social media networks & emails.Digital marketing may be also called the internet or internet advertising.
Digital (latest) advertising technique comprise the SEO (search engine optimization), SEM (Search engine advertising), content promotion, campaign marketing, e-commerce advertising & social media marketing.
There are several reason for the growth of digital advertising.
1) Digital advertising techniques are more cost effective than conventional idea.
Two) Digital process quicker than old one, thus result oriented.
3) Any individual / company track hisor her performance.
4) All procedure being reliable, generates better revenues.
5) Digital media ease the interaction with targeted audience.
However, there are various factors that affect the process of firm's ability to develop & maintain the successful transaction & relationships with the goal customers. There is generally two kinds of surroundings inside any organisation. One is steady, not changing with changes time & are very frequent. Second being the field that keep based on the demand.
For executing the prosperous business, either it may be old or new, one have to provide the proper attention on selecting the most appropriate customers, creating the audience & developing the superior value of the service / products.