Digital Marketing Archives - Voxdigitals https://www.voxdigitals.com/category/digital-marketing/ Vox Digitals Cloud communication Solutions - Healthcare, Financial Services & Travel & Hospitality Fri, 29 Dec 2023 13:12:14 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://www.voxdigitals.com/wp-content/uploads/2023/12/cropped-Vox-Digital-Fevi-Icon-32x32.png Digital Marketing Archives - Voxdigitals https://www.voxdigitals.com/category/digital-marketing/ 32 32 What are the different elements of insurance marketing? https://www.voxdigitals.com/what-are-the-different-elements-of-insurance-marketing/ https://www.voxdigitals.com/what-are-the-different-elements-of-insurance-marketing/#respond Mon, 04 Apr 2022 07:22:50 +0000 https://www.voxdigitals.com/?p=2061 What are the different elements of insurance marketing? What are the different elements of insurance marketing? What is Insurance Marketing? Insurance marketing is referred to as the marketing of insurance services with an intention of customer orientation and profit generation. Insurance marketing mainly focusses on the formulation of an ideal mix for the insurance business […]

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What are the different elements of insurance marketing?

What are the different elements of insurance marketing? 

What is Insurance Marketing? 

Insurance marketing is referred to as the marketing of insurance services with an intention of customer orientation and profit generation. Insurance marketing mainly focusses on the formulation of an ideal mix for the insurance business to keep the insurance organizations surviving in the right perspective. 

The marketing concept in the insurance business is concerned with the expansion of the insurance business for the insurance organization. There are some insurances like vehicle insurance, where a lot of physical intervention is required. Right from insurance purchase to claim of the insurance, the insurer has to be physically present on the site to complete the process. This tends to take up a lot of time as the insurance company has to gauge the extent of damages, cost of repair, etc. 

With increasing competition in every industry, services like free inspection have grabbed the customer’s attention more. Even though it gives your company a competitive advantage but at the same time it considerably increases the cost. 

The best solution to make this process hassle-free and time-saving is by leveraging the technology of CPaaS. 

CPaaS is a cloud-based communications platform that helps your developers to easily incorporate real-time communications into your existing systems. CPaaS comes with open and programmable SDKs and APIs to ensure ease of use. The most prominent feature required in the insurance industry is provided by CPaaS – i.e, video calling capability that helps you let you see “See what I experience” with the customer. 

But, before we understand about CPaaS there are few elements to be considered in the insurance industry such as- 

  1. Scheme:  The first element of insurance marketing is “Scheme” which in layman’s language is known as product. Managing the product component involves product planning and development. Any insurance marketer must have to define their market in terms of product function. Any insurance product is designed in such a way that considers the basic requisites of the customer’s needs. 
  1. Premium: The second important element of insurance marketing is premium or price which impacts the volume of the sales. Premium is the valuation placed upon the product purchased by the insurer. 
  1. Place: Marketing channel policy is another integral part of insurance marketing. Place or physical distribution is the distribution of insurance to the insurer at the right time at the right place. In the case of insurance, it is the combination of many micro-decisions such as channels of distribution, agents, development offices, corporate agencies, banks assurance, etc. 
  1. Promotion: The insurance marketers must inform the customers about their products and persuade them to buy. It covers the methods of communicating with customers through different modes of communication such as personal selling, social media, public relations, exhibition, demonstration used in promotion, etc. All these activities performed by insurance marketers increase the volume of sales by expanding as well as retaining the customer base for the insurance products. 

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Here’s why Customer Engagement is a critical pillar of Digital Marketing! https://www.voxdigitals.com/heres-why-customer-engagement-is-a-critical-pillar-of-digital-marketing/ https://www.voxdigitals.com/heres-why-customer-engagement-is-a-critical-pillar-of-digital-marketing/#respond Sat, 19 Mar 2022 08:24:08 +0000 https://www.voxdigitals.com/?p=2130 Here’s why Customer Engagement is a critical pillar of Digital Marketing! Marketing; a regulated process to market or promote your business’s products, and services to the customer, is dynamic and is subject to continuous changes. It is believed that to develop a sure-shot winning strategy for marketing, it is paramount to embrace new technology, a […]

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Here’s why Customer Engagement is a critical pillar of Digital Marketing!

Marketing; a regulated process to market or promote your business’s products, and services to the customer, is dynamic and is subject to continuous changes. It is believed that to develop a sure-shot winning strategy for marketing, it is paramount to embrace new technology, a mindset of new-age customers, and a well-researched process. And, that’s where marketing becomes difficult and tedious!

But, as marketing changes with time, it also got affected by promulgating digitalization of the modern era. And, Digital Marketing is the new age of Marketing!

What is Digital Marketing?

Digital Marketing is a world of marketing that leverages the online web. It can involve executing marketing on search engines, social media, email, and other mediums of reaching customers online. As the new-age customer is living on online platforms, it is said to be the best strategy for marketing in recent times. And, many businesses also follow the approach of amalgamating traditional as well as digital marketing strategies to get the most out of their target market.

According to smart insights, it has been found that 36% of marketers believe that the combination of traditional, and digital marketing is the best strategy!”

But, as everything comes with pros and cons, Digital Marketing also propounds some challenges. And, one of the major challenges of digital marketing is establishing customer engagement.

What is Customer Engagement, and Why is it a challenge in Digital Marketing?

Customer engagement is the process of building a relationship with a business’s prospective customer. It begins from the customer’s first interaction with your product or service, and practically never ends! The way you sell your products or services to your customers ensures customer engagement. But, believe the experts, It is not as simple as it sounds!

Think of a situation when you have to convince someone to buy a new product. But, the real challenge is, you need to do that without meeting that person.

That’s what digital marketing is, and that is why it is challenging!

Convincing people with the help of face-to-face interaction or by showing products in the real world is easy and has been in fashion for years. But, this advent of habit change of finding everything on screens has completely revolutionized marketing. And, businesses have to endorse their products, or services to reach customers straight on their screen.

This is why customer engagement in digital Marketing becomes challenging. But, the quest doesn’t end here. The real challenge is not only reaching customers on their screens, but also, taking them to make the final action; such as product, or service purchase! To conquer this, businesses take up various strategies such as email marketing, social media ads, running campaigns, promotions, and discounts on the online purchase!

But, customers are unpredictable. And, the customer who feels engaged with your product today, might lose interest tomorrow. This is what makes continuous customer engagement a necessity.

Let’s dig deeper!

Importance of Customer Engagement in Digital Marketing

  • Boosts Brand Experience

A journey from business to brand is of endless miles. But, it can be shortened if you implement the right strategies on time. And, one of those right strategies is customer engagement.

According to stats, almost 90% of people decide about purchasing a product or service only after searching for a brand!”

And, that’s what makes brand experience, and feedback a necessity in customer engagement. Though brand building takes years and years to ignite, the optimum strategy for customer engagement can surely fasten the process. It can deliver a sense of trust, and vision for customers. To gain customer engagement as brand building, one should design ads, or creatives that their customers want to see, and follow a carefully developed “customer-centric” strategy.

  • Establish Customer Loyalty and Trust

When customers engage with your brand or business, it elevates trust and loyalty among new as well as existing customers of your brand. Furthermore, the way your customers participate, engage, and feel connected to your brand, clearly reflects the customer satisfaction levels.

Don’t find customers for your product, find the product for your customers! “

~Seth Godin

And, it is of no rocket science, how customer satisfaction elevates customer engagement, and in turn business sales! One of the strategies to get customer engagement to gain their loyalty, and trust is to deliver what you promise!

Yes, you read that right! While some “business tactics” would force you to find bigger margins, the grassroot remedy for increasing business sales is to deliver what you think your customers need, and value! To further gain loyal customers, establish communication with our target market. You can do that with the aid of integrating chats, a communication platform on your online website, or sore. Want to integrate Digitals platforms on your websites? Contact Voxvalley; one of the best Digitals providers now!

  • Insight, and Feedback!

When customers feel engaged with your products, or services, they give you their valuable feedback. With this, businesses can improve or modulate their services for serving a mass of customers with their valuable and quality products.

Further, customer engagement also provides insights that are unrivaled in the world of digital marketing. Insights like how customers interact with your product? What do they like the most? How many times did they visit your website? And so on. All these can help you navigate your target audience better, and win a plethora of new customers.

  • Fasten the Sales Funnel Velocity

Believe it or not, one of the things that businesses find most challenging is increasing the velocity of the sales funnel or smoothening the customer journey from becoming a prospect to a loyal repeating customer. But, often the sales funnel has gaps!

In sales: A funnel works best when it’s full and consistently being filled; hence, the more a funnel is funneling, the more fun it is to funnel”

~Paulette Smith

And that’s where having optimum customer engagement is critical. If your customer feels engaged with your product or service, the sales would slide smoothly. The customer will soon get from prospect to loyal customer that too in a few easy steps! So, if you want to lubricate your sales funnel, establish engagement with your customers in the right way!

“Engaging Customers” is the ultimate visiting card for business!

In this age of the customer, the only sustainable competitive advantage is knowledge and engagement with customers”

~Forrester

As no business is permanent, and new competitors arise with a new sunrise, it is paramount to establish a brand, and recognition among customers. And, believe it or not, customer engagement is one victorious wand!

Feel free to contact us here

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How Digital Marketing companies can grow revenue using Digitals platforms https://www.voxdigitals.com/how-digital-marketing-companies-can-grow-revenue-using-digitals-platforms/ https://www.voxdigitals.com/how-digital-marketing-companies-can-grow-revenue-using-digitals-platforms/#respond Fri, 11 Mar 2022 08:16:09 +0000 https://www.voxdigitals.com/?p=2123 How Digital Marketing companies can grow revenue using Digitals platforms No wonder, digital marketing has made a multitude of possibilities come true in real life. After all, who would have thought 20 years ago that getting everything at our doorstep would be a reality? But, this is the reality now! Though digital marketing makes expanding […]

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How Digital Marketing companies can grow revenue using Digitals platforms

No wonder, digital marketing has made a multitude of possibilities come true in real life. After all, who would have thought 20 years ago that getting everything at our doorstep would be a reality? But, this is the reality now!  

Though digital marketing makes expanding the target market way much easier, it also has some challenges. And, one of them is establishing engaging communication, and generating revenue from it!  

That’s where Digtals platforms enter the picture!  

Why is there a need for Digitals platforms?  

 Think of a scenario when you have a customer in the sales funnel! Now it’s up to you (or your business’s salespersons), how you apply the methodologies and convince customers to invest in your product or service!  

But, as a major part of this process was driven using digital marketing, there emerged a need to reach customers on time, that too when the customer is in the mood of making a purchase! That’s where Digitals platforms can bridge the gap!  

Digitals platforms or Communication platforms as a service are a set of tools one can integrate on any website or software to establish communication with customers. And, as digital marketing comes with the challenge of accentuating stable communication with customers, Digitals can significantly help!  

Business experts, nowadays, are using Digitals technology to its full potential to ensure a wonderful customer experience and continuous communication. In this way, the brand gains trust in the market, and the purchase frequency increases which ultimately works towards bringing in a revenue surge for the business! 

Digitals on the other hand also has some robust advantages. With the help of Digitals, it becomes relatively easy to integrate communication channels, where customers can talk and can engage with business even after business hours. Digitals is a collection of APIs to create a fully functional talking app for mobile or web. This can aid in the development of ease of access to cloud-based services without proper knowledge of coding or other backend software development processes. By deploying Digitals, one can also mitigate the cost of deployment or any other overhead extra charges that would otherwise go out of budget!  

To get the Digitals services for your business, you can connect to Digitals vendors such as Voxvalley!  

How can Digitals elevate the revenue of businesses?  

To begin with, Digitals strengthen customer engagement, experience, and support. Let’ ‘s dig this in detail-  

  • Customer Experience  

Believe it or not, customer experience is a direct factor that can fuel your heft business revenues. If your customers are satisfied, and feel content with your product or service, they would become a “word of mouth” brand ambassador. And, even billionaires business persons know the value of satisfied customers.  

“Focussing on the customer makes the company more resilient!” 

                                                                                          ~Jeff Bezos 

Now, talking about Digitals! As we all know how continuous communication can aid in gaining someone’s trust, loyalty, and experience, businesses and purchase decisions are no different. An optimum amalgamation of Digitals on business platforms (Website, or software) can aid in increasing the ratio of satisfied customers even in this world of digital marketing, where customers get engaged in the range of other products actively!  

  • Customer Engagement  

It is believed that optimum customer engagement can turn your one-time customers into loyal, and repeat customers. That’s where Digitals platforms help!   

These can help send promotions, offers, discounts, and also update customers on various new product launches, and services. So, get your businesses Paas platforms today, and engage with your customers to establish long, and loyal relationships with them!  

  • Customer Support  

This is one of the most important advantages of Digitals in digital marketing. Think of a situation when customers need a product or service help from your business, but during non-business spurs! Your sales or sports team would not be working! This would trouble a customer, even leave a bad experience. This can finish the customer’s journey with your product! 

But, all this can be ignored, if your business works with Digitals platforms! These can solve customers’ doubts, and any concerns then, and there! So, no more loopholes in the customer support system, and develop management that works for your customers with your customers!  

Other benefits of Digitals!  

If you are still perplexed about how implementing a Digitals can help you gain regular customers, or in other sense revenue, here are some of the other benefits of Digitals platforms-  

  • If a user is trying to find something specific about your business or product, the Digitals platform can aid in sending suggestions, related products, or services in subsequent visits.  
  • These platforms can be leveraged to create surveys, and collect feedback from users.  
  • Integrate Digitals platforms, and provide 24*7 service.  
  • These can be used by businesses to develop interactive interfaces using APIs 
  • These can be benefited for chat support and customer service.  

Digitals: Ace the winning shot at Business Revenue!  

Digitals, or platforms that help to establish communication, and make customer service & support, engagement, and experience better, can help generate revenues. As revenues are directly linked to sales, and Digitals can visibly help improve sales by monitoring and optimizing customer interaction, and engagement one can say how critical Digital’s role can be!  

Further, as customer interaction is paramount to strive, excel, and rule the target market, Digitals can help to be consistently innovating and outperforming the competitors. That’s where Digitals meets the immediate needs of the digital market and is gaining popularity among startups.  

If you also want to get stable, optimized, and profitable Digitals services, connect to Voxvalley today!  

Feel free to contact us hereDigitals

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