Digital Marketing vs. Traditional Marketing: Literature Review and Practical Lessons

Digital Marketing vs. Traditional Marketing: Literature Review and Practical Lessons

Vera Gelashvili
Copyright: © 2021 |Pages: 17
DOI: 10.4018/978-1-7998-8003-5.ch003
OnDemand:
(Individual Chapters)
Available
$37.50
No Current Special Offers
TOTAL SAVINGS: $37.50

Abstract

Digitalisation has caused important changes that have affected people's lives on a social, economic, or personal level. These changes have affected both business and society in general. Therefore, companies had to adopt different strategies to reach with their users, since traditional methods were no longer effective in some cases. It is the case of marketing, where companies had to change or blend traditional marketing with digital marketing (i.e., to promote their products and services through the internet). The aim of this work is to analyse the existing literature on similarities and differences between traditional and digital marketing. The methodologies used to achieve these objectives were a systematic literature review and bibliometric analysis by Scopus. The results obtained have shown that both traditional and digital marketing are important for companies, so firms must find out which of them is more compatible with the company's objectives. This chapter provides practical lessons for entrepreneurs or marketing makers when choosing a type of marketing for their businesses.
Chapter Preview
Top

Introduction

Since the Internet was born, has taken place to important changes that have affected people's lives on a social, economic or personal level (Haythornthwaite, 2005; Matthyssens et al., 2008). Not only people have been conditioned by this change, but the business world, which has had to adapt to the new methods of conducting business (Saura et al., 2019). Therefore companies had to change their way of reaching customers, doing business or using different technological tools that have allowed greater effectiveness and profitability (Martínez-Navalón et al., 2020; Ribeiro-Navarrete et al., 2021). One of the areas of the company that has been specifically affected by these changes has been marketing (Lagrosen, 2005). In particular, companies had to implement digital marketing, i.e. to promote their products and services through the internet. That is why traditional marketing has been affected in most cases, because companies had to invest more in digital marketing, leaving aside traditional marketing.

According to Morozan et al. (2009) through digital marketing it is possible to promote products and services using digital distribution channels to reach consumers in a relevant, personal and cost-effective way. Digital marketing strategies can measure multiple factors, such as sales or conversions, to time spent viewing a website or preferences. Therefore digital marketing allows for much more flexibility and full customer treatment. Also, it enables a personalisation of the strategy that is more tailored to the target audience. In addition to this, digital marketing allows to have a clear information about products and services, has a greater engagement of customers or enables instant purchase (Yasmin et al., 2015). Therefore, companies should try to find out through digital channels what their customers want and demand, as this is directly related to customer satisfaction and trust towards the product and services (Gelashvili et al., 2021).

In the meantime, traditional marketing is based on promotional strategies such as direct sales, television, radio, mail and print media (Cant and Wiid, 2016). In most cases, traditional marketing reaches a local audience more easily than other types of marketing and longevity is the main reason why people are used to traditional marketing (Todor, 2016). According to study elaborated by Kashani et al. (2005) traditional marketing focuses on the immediate “consumers” of the company's products and services who are defined as the “next in line”. Companies using the traditional marketing system must plan, implement and control the strategies to achieve the proposed objectives, in addition to this they must set marketing goals for the company (Armstrong et al., 2009). Traditional marketing methods to reach the customers are different among them it is possible to distinguish newspapers, radio, TV, billboards along roads and highways, etc. (Sinha, 2018).

Key Terms in this Chapter

Marketing: The activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large (AMA, 2017).

Marketing Strategy: Marketing strategy refers to an organization’s integrated pattern of decisions that specify its crucial choices concerning products, markets, marketing activities and marketing resources in the creation, communication and/or delivery of products that offer value to customers in exchanges with the organization and thereby enables the organization to achieve specific objectives (Varadarajan, 2010).

Digital Marketing: Is the use of digital or social channels to promote a brand or reach consumers. This kind of marketing can be executed on the internet, social media, search engines, mobile devices and other channels (AMA, 2019).

Digitalisation: Is a strategic tool used by company for continuous development based on the implementation of technology (Sehlin et al., 2019).

Traditional Marketing: Is an offline form of advertising used to promote sales (Kumar et al., 2017).

Complete Chapter List

Search this Book:
Reset