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P.O. Box 30048 Hawthorne, Milton, ON, L9T 0L8
Marketing has become an essential component to all businesses because they want to guarantee the generation of leads, engagement and awareness, and keeping current and new customers loyal. Whether you are a dental clinic or a law firm, you should be investing between 2% - 5% of your revenue on marketing. Much like every other component of business, there are specific things we need to consider assuring that a business is consistently on the rise gaining new clients and reputation. With digital marketing taking over the way a business grows, it is crucial to understand the various strategies that your company can use to compete with others and keep your business afloat. Many of the traditional strategies that companies used to use, will not be as effective as the digital strategies used today.
One of the newer strategies that has evolved due to online marketing is short and long-term marketing. Although the two are productive marketing strategies, your business needs to evaluate the analytics to determine where your money should be spent within the two tactics. Businesses should not be frivolous with their spending and think “ads seem like a great idea; we should do that.” Therefore, once a method has been decided upon, your business should think about two things: if you need more clients now, or if you are too busy to take on more clients. Once this specific decision has been made; it will help your business decipher how it should be spending the marketing budget. In most instances, a business will begin their marketing with short-term marketing. However, that will help funnel your business into long-term marketing, so you do not need to rely on short-term anymore. In this blog, we discuss the differences between both forms of marketing and things to be aware of when beginning to use the two tactics in your marketing strategies.
Short term marketing can be defined as a tactic that is implemented quickly, to drive results faster than long term marketing. It is used to create an immediate outcome to ensure that your business receives leads or purchases in a faster setting, rather than allowing growth to occur organically. Usually, short term marketing is used to accomplish a goal within a day, week, or monthly basis. Your business can start with short-term marketing to get a quick win; however, your business's goal should be to build a long-term marketing strategy to help achieve the big picture. However, with short-term marketing there is a budget involved, once you have spent your budget, there is no more flow which means you must take advantage of organic marketing.
Some examples of short-term marketing strategies:
Your business's short-term goal is to eventually sustain the building of long-term marketing goals. A short-term marketing tactic will require a marketing budget to ensure it is gaining reach, however, it should eventually pay for itself as it generates leads. It should also establish a better idea of your long-term marketing strategy. This is because it helps initiate your businesses long term goals by generating conversation and appeal to those who are already interested in what you are offering.
Long term marketing can be defined as a tactic that generates a long-lasting impression and brand. This strategy requires more investment in time to build your brand and have it grow into what you desire. Although it may take more time than short-term marketing, it will be worth it in the long run. Long-term marketing requires the investment to be made, so that it exchanges as growth and brand recognition. The typical long-term marketing strategy will take businesses anywhere from six months to a year, or even longer. Many businesses tend to get frustrated with long-term marketing because they are not seeing the results as quick as short-term marketing. But then again, these two tactics are drastically different from one another because one was created for quick results, while the other was created for achieving larger and more permanent results. What we mean by this, is that if you create content that is floating around on the internet, there is a higher likelihood that someone will find it, and potentially become a new lead due to it always being there.
Some examples of long-term marketing strategies:
When planning a long-term marketing strategy, it is crucial to understand the importance of consistency and thoughtfulness. As a business owner trying to gain more for themselves, you need to understand that everything takes time. No business has started from the get-go and had a return-on-investment immediately. It takes time, passion, and hard work to see tangible results.
One of the best ways to assure success through digital marketing, is to put your marketing strategy into effect. This may mean teaming up with a marketing agency, like Dr. Marketing, to help provide guidance to guarantee the results you are looking for. If you are ready to take your business to the next level, contact us. For a free 1-hour consultation, please schedule an appointment HERE or call us by clicking the button below.
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Head Office
3800A Laird Road, Unit 1, Mississauga, ON, L5L 0B2
Shipping Address
P.O. Box 30048 Hawthorne, Milton, ON, L9T 0L8
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