What Is Digital Marketing Strategy? (And How To Create One)

Traffic is not enough. You need to optimize your website for conversion so those visitors become quality leads, which means they engage with what they find and become potential customers or clients.

CRO is a very systematic solution that consists of – step by step – improving each page on your website so it becomes its own best possible version. This is not improvisation or guesswork based on what you think will fix issues or boost engagement. It’s proven tools and methods that render insights from data to give you direction.

What Are the Steps to Optimize a Page for Conversions?

First, you need to audit your website. With the help of tools such as Hotjar, you can assess page performance through heat maps that reveal click and scrolling engagement. This powerful service also provides anonymous recordings of page visits, showing exactly what each visiting user did, what he or she stopped to read, where his or her cursor moved, and what they chose to click.

This cornucopia of information can be used to determine what areas of the pages aren’t getting attention or engagement. That’s the kind of data that experienced minds can use to define concrete and effective changes that will radically improve performance.

This is an intricate process. Your team should be knowledgeable if you expect to keep testing trial and error to a minimum. If you plan to employ digital marketing services from a third party, it’s a good idea to make sure they have the tools and know-how they need to boost your conversion rate.

The O8 marketing team is full of experienced conversion rate optimizers. Learn more here.

Once visitors are attracted to a page and significantly engage with the content, they become leads. Leads are like small seeds that need to be nurtured and cared for so they’ll blossom into customers. The best way to accomplish this – and, of course, a key component of any digital marketing plan – is to have efficient Customer Relationship Management (CRM) tools in place.

What a CRM service or software does is provide a series of tools to obtain contact information from those who engage with the content, and sort it out efficiently so your sales, client relations, or any client-facing department can quickly access it if necessary.

How that information is obtained is entirely up to you, as it requires implementing changes on your website so visitors willingly hand it over. This is another point where conversion optimization comes into play, as it’ll help you define which solution is the best for this particular objective.

Some common tactics:

• A simple form for subscribing to a weekly newsletter
• A call-to-action button to download a free guide in exchange for submitting contact information
• A contest or sweepstakes that requires creating an account on your website

Using data to determine which alternative works will be crucial in increasing your database of prospects.

A CRM also keeps existing customers engaged. By keeping tabs on those who’ve already become clients and applying some clever marketing tactics to keep that interest going, companies can cross-sell, upsell, and resell.

Customer Lifetime Value (CLV) is a metric that determines how valuable each client is to your company in the long run. The reason this particular piece of information is useful is that it can be compared to the cost of acquisition in order to learn if the current business model and practices will be profitable or not.

As part of your digital marketing strategy, this metric serves as the foundation from which customer acquisition and retention tactics will grow. If your CLV for each client is lower than what it cost your company to bring them in, then your strategy needs to be restructured in order to reduce costs. 

Calculating CLV should not be a daunting process as long as you understand the math and science behind it.

Paid search and social advertisements are a quick and usually very effective way of driving revenue. That’s why it usually makes sense to set aside some budget for them. They’re also easy to manage for experienced advertisers.

First and foremost, search ads (SEM ads) and most social media ads offer immediate data that can be used to optimize to an extreme level. While that doesn’t always translate to satisfactory results, it means your company can adjust targeting and retargeting almost to the point where nobody outside of the target demographic sees an ad. And the ads can be A/B tested over and over for great results. In non-technical terms, this means the right people see the right content at the right time, which motivates them to buy.

While ads are usually affordable and can be easier to manage, any paid ad strategist will tell you that there is a science to it all. Learning the basics of paid search is extremely important if your company wishes to find success.

For paid social media, your company needs to be very careful and astute when making choices. It’s very important to understand who your prospects (or target personas) are. This will help you narrow down the list of platforms in consideration. Each social media platform tends to have its own set of demographics, so knowing what your prospects are more likely to use will increase your success rate.

As a reference, the people at Hootsuite compiled a list that offers a rather nice overview of demographics per platform. Be sure to plan your creative (text and images) with a clear understanding of what your target audience is most likely to connect with.

A good digital marketing strategy avoids speculation and bases decisions on accurate information. As your marketing work progresses, your company will start gaining hard data, which you’ll need to use to reshape, refocus and retarget all efforts in order to optimize and maximize results.

Data can come from all types of sources. Social media platforms, for example, use their own set of metrics based on performance, which is certainly very useful. But there is one tool that is remarkable in terms of understanding the traffic that reaches your website.

Enter Google Analytics.

Google Analytics’ tracking code acquires information such as which pages visitors reach, where they’re coming from – both source and medium – how long they stay, how often they engage with other pages,  and several other metrics. Analytics also logs demographic info such as visitor location and age.

This data is valuable during the campaign optimization process because it shows you just how successful the marketing tactics are and how they can be better. While revenue and ROI are the ultimate measures of success, data from Analytics can help you understand how to cut marketing costs and even how to maximize close rates by targeting the right audience. In other words, Analytics helps you know what works and what doesn’t.

Analytics can be confusing for the inexperienced, but Google offers courses that are really helpful.

Inbound digital marketing work requires a broad range of tools and competencies. Poor results are common, unfortunately. It’s also quite common to notice burnout among team members and, as a result, high turnover rates. These effects are generally caused by a lack of experience or preparedness. Don’t underestimate the tasks at hand.

Digital agencies provide an array of services that help to relieve overburdened marketing departments, especially in medium to large companies where the flow of tasks is continuous. They also make it easier to find out how to create a digital marketing strategy that fits your specific needs.

The products offered by an auxiliary marketing team can range from web development and design to all the different aspects of digital marketing, which is why it is imperative to sit down and examine which areas the company needs assistance with.