The number of internet users is on a rapid rise worldwide and the internet is being used by people of all age and types. Internet has become one of the major medium for communication, entertainment and is indeed in the process of replacing traditional entertainment, promo products, and informative medias. Some businesses are finding that handing out a promo product such as pens, business cards, and mugs are too costly and yield little results. Likewise, traditional marketing forms such as television, radio, newspaper, magazines, etc., are becoming a thing of the past.
Internet has also undoubtedly become a major and effective medium for advertising and it can clearly be predicted that the online advertising and marketing is very soon going to replace the advertising through traditional medias such as television, radio, newspaper and magazines.
The advantages of online advertising are many when compared with the traditional advertising and marketing techniques. The online advertising and marketing scenario is drastically entering a wider area and in the coming years one cannot even think of a business promotion without the help of internet advertising. Here I have picked around 10 advantages of online advertising (not in that order) when compared with the traditional offline advertising.
1) Wider Coverage
The online advertising gives your ads a much wider global coverage and this helps in making your online advertisements reach more audiences, which may ultimately help you in getting better results through your online advertising campaign. With internet advertising, you can also specify the range of your advertisement coverage which helps you to enjoy a better advertisement campaign.
2) Targeted Audiences
When compared with offline advertising, online advertising always helps you to reach the targeted audience and this helps in making your campaign more profitable and getting more relevant leads.
3) Affordable
Another main advantage of online advertising or marketing is the much affordable price when compared with the traditional advertising costs. With a much lesser cost you can advertise on the net for a wider range of audience and geographical locations.
4) Easy to Track and Measure Conversion
Measurability and easiness to track the conversion makes online advertising miles ahead on the traditional advertising methods. A lot of effective analytics tools are available to measure online advertising campaigns which helps in more improvisation of the ads.
5) Speed
Online advertising is much faster than offline advertising and you can start sending out your ads to a wider audience, the moment you start your advertising campaign.
6) Informative
In online advertising, the advertiser is able to convey more details about the advertisement to the audience and that too at relatively low cost. Most of the online advertising campaigns are composed of a clickable link to a specific landing page, where users get more information about the product mentioned in the ad.
7) Flexible Payment
Payment flexibility is another added advantage of online advertising and marketing. In offline advertising you need to pay the full amount to the advertising agency irrespective of the results. But in online advertising there is the flexibility of paying for only qualified leads, clicks or impressions.
8) Better ROI
Since online advertising is mainly focused on performance based payment, you ROI is sure to be far better when compared with offline advertising.
9) Easy Audience Engagement
Online advertisement makes is easy for the audience to engage with your ads or products. As an advertiser we would be able to get more feedback from the audience and thereby improve the quality of our ads going forward.
10) Better Branding
Any form of advertising helps in improving the branding and online advertising stands a notch high in improving the branding of your company, service or product.