Just wondering, why do the young entrepreneurs and SMEs utilize the presence of digital marketing and online media?
For half a century, consumer media consumption was dominated by offline media.
If we recall the history of the internet and the transitional phase between tradition and digital marketing, it’s amazing to see how modern technology took its shape.
Today more than half of all the media we consume comes through digital channels.
Within just one click, we can surf anything from any corner of the world.
So, in absence of digital media in this 21st century, how can you compete with the competitors especially when half of the market depends on it?
Let’s make you more clear by giving you some brief about what digital marketing actually is.
If you go for definition, Digital Marketing refers to advertisement of a particular product and service or brand through Digital Channels such as search engines, websites, social media, E-mail and other apps.
In simple terms, the marketing platforms that ignores traditional approach of marketing such as Print Media, Direct Mail and Telemarketing is digital marketing.
Digital marketing involves lots of methods and channels that make the organization to understand the campaigns and marketing in their business.
Digital media is also known as digital advertising or social media marketing which is commonly used by businesses nowadays.
Let’s look at the few channels of digital marketing which has huge potential in Nepal:
Digital media has a huge power to generate maximum leads for business.
Nowadays, every business including brick and mortars companies do digital advertising using social media platform like: Facebook, YouTube, Twitter, Instagram, etc. It is the fastest medium to reach to people.
In case of Nepal, the big Ecommerce websites like: Sastodeal and Daraz have been able to establish a huge brand image in front of their customers by advertising their business via Search Engine YouTube, Facebook, Twitter through social media campaigns, promotional YouTube videos, and sponsorship ads.
Many companies rely on social media to target their potential customers towards their business.
Daraz and Sastodeal are the emerging companies doing great using their social media platforms. Digital marketing and advertising has shown a great potential in Nepal.
Search Engine Optimization (SEO) is a term many people may not know about.
It is a practice many companies use to rank their websites/content on the top of Google.
While building a website you should know very clearly about the keywords that should be kept in your website.
For example: If you are creating a website for a digital agency, your website should include maximum keywords like: digital marketing, SEO, SMO, Facebook, Google, digital advertising, etc. which will help your company to get maximum SEO ranking.
That ranking will keep you at the top of Google. SEO helps in generating organic traffic your website from the customers who are actually interested in your product.
Social Media Marketing is a form of internet marketing for creating and sharing various contents on social networking sites to achieve your marketing criteria’s and meet up the goal.
It includes activities like: writing a content, posting pictures and videos, engagement, advertisement, online campaigns and many more activities. Usually, people think Social Media Marketing is related to posting videos and pictures on Facebook, YouTube and Twitter.
Actually, it is a part of Social Media Marketing but includes lots more than that.
In Social Media Marketing, a company should keep in mind about small things like content, concept, SEO, Google Ads, visualization, text, paid social media advertising and many more.
Influencer Marketing is a form of digital marketing which has been throughout the world and is emerging.
In case of Nepal, people have slowly started to realize the importance of Influencers and Influencer Marketing.
Business have started to collaborate with celebrities and make them their brand ambassadors to be known in the market.
Many vloggers of Nepal become post videos of places or restaurants in their YouTube channels for which they get paid.
For example, recently Niti Shah, who is very popular in social media is the brand ambassador of Bota Momo due to which many people have started to know about Bota Momo.
Similarly, Mr.Foodie Nepal is one of them too. Many restaurants invite him to taste their food so that he gives feedback and people get attracted towards it.
We are living in a time where video marketing is no longer optional.
Now, it is the most efficient way of digital marketing in competitive advertising environment and it can be found at the forefront of strategic conversation. Selling is all about storytelling.
Video content enables businesses to build some meaningful connections with their audience and it also helps you to stand out.
The more video content you have that educates and informs your clients, the bigger foundation of trust you will build within your audience.
Video advertising or music videos are the emerging future of digital marketing.
The Tuborg Open Music Video, which pairs artists Diplo and MO along with Nepali artists Laure and Bipul Chettri, was recently been released. The video has already got 10,000,000 million views on YouTube and around 4,000,000 views on Facebook. The campaign is still continuing, and the main reason of its success is Tuborg was able to collaborate with great influencers having huge fan following plus the buzz it had already created. The Tuborg Open Music Video is probably going to be one of the biggest trend setters and example for Nepalese marketers to promote their business through Video advertisement and marketing.
After being successfully transformed into a federal republic country, Nepal has embarked on an economic revolution to bring out prosperity in the county.
The growing population of internet users has extensively widen the future of digital marketing in context of Nepal.
If we analyze the current scenario, young minds and business groups are doing best in terms of uplifting their business.
The internet marketing space in Nepal is in growth phase and the overall cost of advertising in Nepal using online media is very less as compared to neighboring countries like India and China.
However, still many businesses with small budgets are making efforts to learn about terms like SEO, SMO, Social Media marketing and other digital channels to grow their business drastically.
We can see that our government is constantly pushing startups ahead to apply digital marketing techniques for their businesses.
According to a data published by ekantipur, the percentage of people using the internet has increased rapidly since last few years.
From 2014 to 2017, it has increased by nearly 27.24% and is predicated to increase more. Increase in number of internet users will ultimately lead on growth of digital marketing in Nepal.
According to the Himalayan Times, the number of cottage industries and SMEs, has surged by whooping 360.89% to 320,000 by last few years compared to the past.
Not only that, but according to the World bank, Nepal comes in third place in the world’s fastest growing economy.
So, we can analyze how much scope does digital marketing has in Nepal.
Businesses have started to apply different digital marketing strategies like SEO, Facebook ads, Email marketing, Podcasts and many more.
Companies are now earning tons of money due to advertising and reaching towards wider range of customers.
Digital marketing has definitely given transparency for the business owners as well as customers to speak up. Digital marketing has become a trend. So, every business must to follow it to survive.
Business are growing rapidly and people have started to earn more which will ultimately lead to use of digital marketing directly or indirectly in future.
Another main scope of going digital in Nepal is that the people in rural areas do not have much access to the internet.
If a company provides internet in rural areas and teach the people how to use it in effective way, no wonder how much potential will they bring in our country.
It is clear that digital marketing is a vastly different discipline today that it was just few years back giving rise to social media platforms.
In the world, where digital has changed the game for most of the leaders and businesses, you need to be 5 times ahead than your competitors.
In the Nepalese scenario, if you are able to utilize the digital marketing channels now, you will surely be leading the era of digital marketing in the coming few years.
Since, the potential of digital marketing is breakneck in case of Nepal, this is the right time to apply digital marketing in your business and become lead the Nepalese market with your digital marketing abilities.
You just need to analysis its potentiality and grasp the opportunities at right time.