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Nine benefits that show why you need a digital marketing strategy 1. Establish direction and focus When you don’t have a clear digital marketing strategy in place, your marketing team could all be running in different directions. A strategy helps define goals and create cohesiveness for all of your marketing campaigns. 2. Develop an effective value proposition In today’s crowded marketplace, a strong value proposition helps your business stand out from its competitors. When you continue to deliver on the promises you make in your value proposition, you can build customer loyalty and increase the lifetime value of your customers. 3. Get to know your customers better Using a digital marketing strategy to help expand your customer data capabilities, audience segmentation, and personalization efforts helps create more targeted and effective marketing campaigns that resonate with customers and drive business growth. 4. Understand your market share Market share refers to the percentage of total sales or revenue in a given market that is captured by a particular company or brand. It’s important because it provides an indication of a company’s relative competitive position within a market and can be used as a key performance metric to track growth or decline over time. 5. Avoid disintegration The best digital marketing campaigns operate across multiple channels while aligning with each other to work toward a singular desired outcome. However, when you’re focusing on many channels at once, it can be easy for separate campaigns to lose their cohesion or individual strength. 6. Stop wasting resources on duplication On larger teams or within enterprise-level organizations, it can be easy for efforts to get duplicated. Siloed teams can result in resources being allocated to the same channel or campaign multiple times. 7. Optimize everything With competition on digital channels at its highest level ever, there is little room for weak or underperforming strategies. But it can be hard to keep everything optimized when you’re running multichannel campaigns. You need to identify the right metrics, analyze your data effectively, make informed decisions, and adapt to changing trends. 8. Improve budgeting — and your access to budget A digital marketing strategy helps improve budgeting by giving a more holistic view of what your marketing team is working on. This way, you can allocate resources more efficiently to maximize the ROI of your marketing campaigns. 9. Stay flexible and competitive Your digital marketing strategy acts as a roadmap for your marketing team to work from. Because everything is presented clearly for the team to refer to, this can allow you to pivot and remain flexible in the face of headwinds — at the industry level or from competitors.

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