digital marketing strategies

Digital Marketing Strategies followed by top 3 Business Unicorns

Posted on : September 25, 2024

Digital marketing strategies have changed the dynamics of marketing on its head. It’s mind-boggling how marketing has evolved in just 10 years. Digital marketing has uncovered unparalleled success for a lot of businesses across the world. And guess what? The most benefited business sector is startups.

Ever wondered what makes a digital marketing campaign truly unforgettable?

Let’s take a deep dive into some of India’s most successful startups like Nykaa, PhonePe, and Zomato to understand innovative campaigns run by them. From incredible storytelling to data- and result-driven strategies, these campaigns have left a lasting impact on consumers and the marketing industry as a whole.

Here are the top 5 digital marketing strategies these companies have implemented:

1. Personalized Connect with Customers: 

We all know that with social media being the major part of our lives, we can reach our target audience like never before. Having said that, nurturing these customers has also become a skillful task. The skill here we are talking about is personalization. Adding the personal touch to your marketing gives a whole new dimension to your product. Wonder why it is so? Because it gives the customer the feeling that you care for them and know what they want.

Zomato, one of the unicorns, has used this strategy to its full potential. With the use of Artificial Intelligence (AI), Zomato creates ads that are geographically based. For example: for South India and surrounding regions, Zomato creates ads that focus on popular food items from these areas. This way they not only successfully connect to customers from these regions but also people staying far away but who are from these areas originally feel like they can have the home food.

2. Influencer Marketing:

Influencer marketing is another effective digital marketing strategy, as it builds trust and credibility through authentic endorsements. Nykaa, India’s leading beauty e-commerce platform, has used this strategy very cleverly to make big business profits. By collaborating with popular beauty influencers, Nykaa has successfully tapped into a vast and engaged audience of beauty enthusiasts. These influencers, often with millions of followers, can authentically promote Nykaa’s products and services. Moreover, influencer marketing allows Nykaa to target specific demographics and interests, ensuring that their message reaches the right people. This targeted approach has helped Nykaa strengthen its brand image and positioning in the competitive beauty market.

One of the key advantages is that the influencers can demonstrate how Nykaa’s products work. They can share their personal experiences, and provide valuable recommendations. This firsthand review is often more influential than traditional advertising, as it allows consumers to see the products in action and make informed purchasing decisions. Additionally, influencer collaborations can create buzz around new launches, limited-edition collections, or seasonal trends. Nykaa has successfully generated excitement and anticipation among its target audience using influencers, driving traffic to its platform and ultimately boosting sales.

3. Show Benefits, not Features:

Another top technique of digital marketing strategies is probably the oldest and most repeated formula of the ‘Marketing’ function for eventually all the businesses under the sun. Let that be traditional marketing or digital marketing. This is the rule of thumb more than anything else.

Consider a smartphone manufacturer showcasing its latest device. Instead of merely listing its megapixel count, processor speed, and storage capacity, a more effective approach would be to highlight the benefits these features offer, such as capturing stunning photos, running demanding apps seamlessly, and storing large media libraries without limitations. 

By focusing on the tangible outcomes and emotional benefits that the smartphone can deliver, the manufacturer can resonate more deeply with potential customers and create a compelling value proposition.

4. Engaging User Experience: 

A pleasant user experience (UX) is imperative in digital marketing. It directly impacts customer engagement, satisfaction, and loyalty. In the competitive world of mobile payments, PhonePe (the UPI payment app) has understood this importance. PhonePe’s intuitive interface, with its simple navigation and clear call-to-actions, makes it easy for users to quickly send or receive money, recharge their mobile phones, or pay bills. Additionally, the app’s smooth performance and minimal loading times contribute to a positive user experience. By prioritizing UX, PhonePe has not only attracted a large user base but has also encouraged repeat usage and positive word-of-mouth recommendations.

A well-designed UX can also lead to increased customer engagement and higher conversion rates. When users have a positive experience with an app or website, they are more likely to explore its features, make purchases, or share it with others. PhonePe’s focus on UX has resulted in a loyal customer base that actively uses the app for various financial transactions. Moreover, a positive UX can help build brand trust and reputation. When users have a pleasant experience with a brand, they are more likely to perceive it positively and recommend it to others. PhonePe’s commitment to UX has played a significant role in establishing its brand as a reliable and user-friendly mobile payment platform.

5. Conversion Rate Optimization (CRO):

Conversion Rate Optimization (CRO) is a strategic process focused on improving the effectiveness of the website. This can be done by increasing the percentage of visitors who take a desired action, for example, making a purchase or newsletter sign-up or filling out a contact form.

By analyzing user behavior and website data, you can identify areas where your website might be losing potential customers. This could be due to a confusing layout, irrelevant content, or a weak call-to-action.

Through targeted improvements, such as refining your website’s design, optimizing your content, or enhancing your call-to-actions, you can create a more engaging and user-friendly experience. This can lead to increased conversions and, ultimately, a higher return on investment (ROI) for your digital marketing efforts. Remember, CRO is an ongoing process that requires continuous experimentation and refinement. By continuously experimenting with different website variations and measuring their performance, you can optimize your site for maximum conversions.

Conclusion

In the dynamic world of digital marketing, success hinges on a strategic approach. The approach that prioritizes user experience, data-driven optimization, and personalized engagement.

By effectively implementing digital marketing strategies such as CRO, UX design, targeted personalization, and influencer partnerships, businesses can create compelling online experiences that resonate with their audience and drive meaningful results. The digital world is ever evolving. It’s imperative for marketers to stay informed and adapt their strategies accordingly to maintain a competitive edge.

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