Human nature has a tendency to admire complexity but reward simplicity.
Ben Huh, CEO, Cheezburger Network, addressing the SMX East conference in October 2009
Things move quickly online. New services spring up practically overnight, and trends shift at the drop of a (virtual) hat. As online marketers weâre on a constant learning curve, one that usually gets steeper the higher up it we manage to climb. Keeping on top of everything thatâs going on in the digital space is difficult â we know, we live and breathe it every day, and thereâs always new stuff to learn. It can be overwhelming, but itâs important to take a step back, a deep breath, and to look at the bigger picture. When you tear yourself away from the day-to-day minutiae youâll find definite macro-trends emerging that will help you as you embark on your next digital marketing adventure.
Your business, your brand, your customers â a unique combination
Search online or browse a bookshelf on anything to do with internet marketing and youâll find reams of prescriptive formulas and âhow toâ guides promising instant success. Weâve never been fans of prescriptive formulae, and hereâs why: anything thatâs general enough to âworkâ across the board patently doesnât. By definition a one-size-fits-all solution is generic; itâs not tailored to your businessâs unique needs and so it cannot possibly deliver the best results for your business. Unless somebody knows your business, your customers and your market inside out how can they possibly offer you step-by-step instructions that will work seamlessly in your particular circumstances?
The short answer is that they cannot â and neither can we.
What we can do, however, is explore some of the trends that have emerged in the digital marketing space over the past couple of years, examine where we are today and then, in the case studies that follow, show you how some of the worldâs leading brands are using digital marketing to engage more effectively with audiences, promote brand awareness and boost their bottom line.
Where are we now?
As authors weâre very conscious that any book about digital marketing, including this one, is in danger of dating quickly. The topic is among the most fluid and dynamic imaginable, and continues to evolve at a mind-boggling pace. Tools and services appear online seemingly overnight, and many disappear just as quickly, waxing and waning to the rhythm of fickle online consumers. All of which makes it a very exciting field to be involved in, but also makes writing about it in a way that will retain value for you, the reader, a challenging endeavour to say the least. But then, weâre always up for a challenge.
Itâs a huge and still rapidly growing market
As we were researching Understanding Digital Marketing in early 2008, global online population statistics (www.internetworldstats.com) put the number of internet users worldwide at about 1.3 billion. The latest stats, as of 30 June 2010, showed that close to 2 billion people across the globe had regular access to the internet. Thatâs an additional 700,000 people or so, give or take a few million, in just a couple of years, and means that today more than a quarter of the global population has access to the internet. Consider the regional breakdown of internet penetration and you start to see just how crucial it is for your business to connect with its customers online, wherever in the world you happen to operate.
In North America more than 77 per cent of people are online, in Australasia/Oceania itâs 61 per cent and in Europe 77 per cent â although within that subdued European figure of just over half you have Scandinavian states sporting 80â95 per cent penetration, and the UK with more than 82 per cent. Asiaâs internet penetration figures stand at around 21.5 per cent, but that doesnât give the full picture either, because thereâs a massive swing from a high 81.1 per cent penetration in South Korea to a very low 0.4 per cent penetration in Bangladesh. Percentages can hide the sheer scale of the potential online market in some of these countries too.
Take China as an example. Only 31.6 per cent of Chinese people have internet access. That doesnât sound like much, but translate it to actual individual internet users and it represents a massive 420,000,000 people, giving China the worldâs largest online population by quite some margin.
A global phenomenon, local impact
In its report Top Predictions for IT Organizations and Users, 2010 and Beyond: A New Balance, analyst firm Gartner predicts that by 2014 more than 3 billion people â or a significant majority of the worldâs adult population â will have the ability to âtransact electronically via mobile or Internet technologiesâ. Thatâs a staggering statistic that represents a fundamental shift in the foundation of global commerce.
Widespread internet adoption and the use of electronic media to facilitate commerce is a global phenomenon, but itâs one that even local businesses cannot afford to ignore. Whether people are looking for a plumber to fit their new bathroom suite or using a smartphone...