''Consider SEM as an investment not as a cost'' A must read blog that will change your view for SEM.
"SEM will add up to the
cost of the company" This phrase has been the most common phrase that I
have heard in my short career in the world of digital marketing especially in
the case of start ups. There is always this mindset which is like "Currently
we are only focusing on SEO, as we can't afford to go for SEM as for now".
And today's blog is based on this very perception to which I have a different
opinion.
Online Companies all over
the world follow SEO in order to rank higher on search results which are no
doubt the right way and the best practice in digital marketing for long term
success. Apart from various perks of SEO that a company enjoys the best one is
probably that it costs nothing. You just have to follow the best SEO practices
and the algorithms will do the rest for you. Hence, this is one of the factors
that lights up this perception of seeing paid form digital marketing as a cost.
Well, not really! No doubt
paid form of digital marketing or SEM will add up to the cost or may increase
your budget; but I would suggest you to look at it with a different view and
see it as a form of investment rather than cost. In a traditional approach,
to expand our business or to increase potential of the business we include new
technologies, machinery, manpower and what not and consider it as an investment
for the growth of the business isn't it?? Well, same is the case with SEM or
paid form of digital marketing because that what you are intending to do i.e.
increase the potential of your business. SEM approach is adopted for the very
reason to rank at the top in the search results, being visible to the audience,
generating leads and increasing the chances of conversions online that will
ultimately add on to your company's revenue and profitability. So how come
it became a cost? It’s an investment that you made to increase the potential of
your business that has generated you results and profitability which is I guess
the ultimate goal of every business.
For an instance, If you
spending around $100 monthly on a well designed SEM campaign for your
business and it helps you to rank higher on search which improves the click
through rate and henceforth giving you $500 through conversions. So,
was it really a cost or just a return on your investment?
And the advantage which come
along with digital marketing this is that you can actually track the
performance of these campaigns in real time which means you are in charge of
your investment and actually control the outcomes by tracking what is working
and what is not and make changes accordingly.
Therefore, it’s the time to
change the perception of considering SEM as a cost to your company. SEM
strategy could really do wonders if it’s planned, designed and executed
properly and produce fast and effective results for the business. It is not a
cost, it’s an investment.
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