In: Accounting
Please answer in paragraph: Discuss how companies can use the Internet to build their brands. Discuss the role of digital media in a marketing strategy.
The Internet has allowed companies to have access to a wide range of audience worldwide. With that access, the companies have an opportunity to spread their message to their target customer and build their brands. Building a brand can consist of brand awareness, product awareness, enlarging customer base or receiving feedback from customers.
Following are few ways through which companies can build their brands:
Digital Media is important because it has emerged as the most effective medium to reach the target audience, as more and more people spend hours daily on social media - it becomes really important for brands to have continuous monitoring of social media trends and digital media reach out for their present and potential customers.
Also, digital media provide hyper-personalized reach to the customer based on their preferences, interests and hobbies which gives companies a much better chance of converting any lead from digital media.