what is marketing channels
What is marketing channels - A marketing channel is a set of practices or activities necessary to transfer the ownership of goods from the point of production to the point of consumption. It is the way products and services get to the end-user, the consumer; and is also known as a distribution channel. A marketing channel is a useful tool for management, and is crucial to creating an effective and well-planned marketing strategy.
A product goes into the market by different Marketing channels. The process of going a product from Manufacturer to retailer is distribution channels. So, Marketing Channel is simply called as a distribution method of products, in which a company can transfer their goods from one person to another through different mediums. In Simple words “building a connection between company to customers”.
The distribution channel of a business is an important key element of any business. The Success of a Manufacturer business depends on its Distribution channel.
- Direct marketing channels: These channels involve direct communication with customers, such as through email, direct mail, or telemarketing.
- Indirect marketing channels: These channels involve intermediaries, such as retailers or wholesalers, that help to distribute a company's products to customers.
- Online marketing channels: These channels include digital platforms such as social media, websites, and e-commerce sites that allow businesses to reach customers online.
- Traditional marketing channels: These channels include more traditional methods of advertising, such as print ads, radio, and television.
- Word-of-mouth marketing: This channel relies on customers sharing information about a company or product with their friends and family.
- Experiential marketing: This type of marketing involves creating immersive, interactive experiences for customers, such as events or pop-up shops.
- Consider the values and ethos of your company when choosing marketing channels. It's important to select channels that align with your brand's culture and personality.
- Think about the type of customer you want to reach. Different channels are better suited for different types of customers, so choose channels that will effectively reach your target audience.
- Evaluate the data collected from each marketing channel to see which ones are performing best. This can help you adjust your strategy as needed.
- Monitor the amount of time and money you spend on each channel, and make adjustments based on results. If a particular channel is not delivering good results, consider cheaper or free alternatives until you find a more effective approach. Don't overspend on any one channel if it's not delivering results.
Top Performance Marketing Channels
What channels work best when it comes to performance marketing? There are 4 types of performance marketing that agencies and advertisers use to drive traffic:
SEO is a cost-effective and long-term strategy. You can implement it for free by optimizing your site content or pay for ad placement.
Google, as well as any other search engine, strives to provide users with valuable and helpful information relevant to their search queries. So, you can optimize your content to meet their needs. The better the quality of your content, the more chances you have to rank high on the search engine results page (SERP).
Mind that your potential clients are at the consideration stage, meaning that they already know about your brand. Hence, you should pay more attention to branded keywords since you have to convince prospects that your company is their best choice. Optimize your landing page, helpful blog articles, case studies, and eBooks to let them know more about the benefits you offer.
Consider PPC, a paid advertising model that requires you to pay for every click on your ad. This way, you can significantly increase your brand recognition and awareness and make people choose your brand once they need a product you offer since PPC helps create strong associations in users’ minds.
Blogging is one of the best ways to convert prospects into clients. When users are at the consideration stage, they need more information and a final push to make them choose your product. It’s time for you to come up with relevant content from your industry’s experts.
3. Email marketing
Email campaigns are another lead nurturing instrument that works - this channel is inexpensive but profitable. You can set automated lead nurturing email sending to move your prospects from the consideration to the decision stage.
You can offer a discount on the first purchase to make this decision less stressful for leads. Alternatively, if you can’t afford that, you can track which product cards are viewed most often and provide users with a corresponding case study or testimonials at the right time. Finally, if you’re interested in why your users haven’t made their decisions yet, you can ask them directly by sending an email campaign.
4. Social media
Social media are one of the most profitable channels due to the number of active users, which is why you should definitely leverage them in your acquisition marketing strategy. Find the best channels for your business, and build your community there. If your target audience is made mostly of teenagers, you should probably focus on Instagram, and if you are in B2B, leverage the power of Facebook and LinkedIn.