Unit 4DP Applied Managerial Marketing

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Colorado Technical University *

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Marketing

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Apr 3, 2024

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Unit 4 DB Alvin D. Nelson Applied Managerial Marketing Prof. Lisa Goolsby March 24, 2022 Michelle, you wanted to know what are the advantages and disadvantages of high-tech or digital promotional tools and Traditional approaches? The advantages of digital promotions are that our world is in a digital age and as far as marketing is concerned it’s all about connecting with customers in the right place at the right time. One of the advantages is the low cost. It cost very little to subscribe to an email marketing provider and send direct emails to hundreds of thousands of customers on a mailing list. This method gives us the ability to get a huge return on our investment. Email marketing campaigns on social media platforms cost very little compared to the traditional way of marketing. (Prowly, 2022) Another advantage is that our business can use their digital platform to build or enhance our brand through websites and blogs. With doing that we can target our audience, or customers by basing it on their preferences or actions on the website. Finally, digital marketing can go worldwide. Our marketing ad campaigns can be seen worldwide. This gives us greater engagement and keeps us relevant in our highly competitive business. The disadvantage of digital marketing is that when you are implementing websites or other digital methods it fails sometimes because companies may focus on too little strategic solutions. You will need immediate and constant attention to real-time customer complaints because these complaints are usually visible to the public. (Deepak G., 2020) Another thing is that security and privacy issues are most important issues that needs to be monitored on a continual basis. These efforts need to be combined into a comprehensive system that generates and nurtures your ideas and goals. (Prowly, 2022) You also wanted to know what are the advantages and disadvantages of traditional marketing? The advantage of traditional marketing is that you can connect with your local customers, you will be viewed as being credible and more stable. The tactics of using newspaper ads, local TV commercials or billboards puts our business in the heart of the community. (Lucid, 2022)
Printed material and ads are viewed as more trustworthy. The perception is that our company is successful and growing. The disadvantage is that the tradition approach is more expensive. Traditional is a lot harder to measure than digital and takes a longer time to execute and refine. (ABA, 2015-2022) References: American Bankers Association. https://bankingjournal.aba.com/2019/12/the-pros-and-cons-of-traditional-marketing/ Deepak G., 2020- What Are The Main Advantages And Disadvantages of Digital Marketing? https://digitalcatalyst.in/blog/what-are-the-main-advantages-and-disadvantages-of-digital- marketing/ Lucid- Advantages of traditional marketing https://www.lucidadvertising.com/blog/advantages-of-traditional-marketing/ Prowly https://prowly.com/magazine/advantages-of-digital-marketing-over-traditional-marketing/
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