How Online Marketing Is Different From General Marketing

There is a wide difference between online marketing and general marketing. They are outlined below.

1) In general marketing, business targets large number of consumers for a product or service that is economical or cheap in price. By targeting the masses, there will surely a high volume sales but with lower margin in the profit element as there is very little gap between the cost of making a product and selling it in the end. On the contrary, in niche marketing, a business will target a certain group of consumers (specialist consumers) from whom it can command a high profit margin. This is why small enterprises or businesses are considered best for the online marketing.

2) Online marketing is always targeted at a segment or market which is smaller in size. This is where a firm devoted its entire focus and concentration. In addition, the markets that are targeted by niche marketing are not covered by mainstream providers. On the other hand, traditional marketing is related to large segments that provide large revenues in the end. For instance, if a general marketing strategy has targeted parents, a online marketing strategy will be targeted at a specific group of parents such as single parents.

3) In the case of general marketing, the objective is to attract as many customers as possible. As the strategy is targeted for masses, consumers of different backgrounds, race, gender and status are on the traditional marketing radar. On the contrary, the strategy used in the online marketing is to target only a certain group of consumers whose taste and preferences matches your niche product. As the research has been done beforehand, it is very unlikely that the other segments of the population will be attracted to your offer. Hence, they are not targeted.

4) General marketing make use of expensive forms of media to target the consumers. It includes spending on above the line media that includes television, print, radio and internet and below the media such as hoardings and billboards. These forms are very expensive. On the contrary, in online marketing, the allocated budget is small compared to budget in general marketing. It does not have the capacity to support the needs and wants of the mainstream. As a result, the media which has been extensively used in niche marketing is internet (emails) due to its economical cost. Apart from internet, online marketing also uses magazines to a certain extent which may include trade journals.

4) In traditional marketing, people in masses are being targeted. As a result, the intended message also reaches people who have no interest in the products or services that are being offered by your business. Hence, the conversion rate is quite low. Money is wasted in large quantity along with the wastage of time. Art contrast, in niche marketing the message is targeted for only those who are interested. Thus, there is less wastage of money, time and effort in online marketing campaign.