What is Marketing and Major Types of Marketing

What is Marketing and Major Types of Marketing

Marketing is a process that involves creating, communicating, delivering, and exchanging value for customers, clients, partners, and society at large. Marketing helps businesses understand their target audience better, develop a valuable offering, promote it effectively, and earn a profit. Marketing is essential for any business that wants to succeed in the competitive market.


There are many types of marketing that businesses can use to reach their potential customers and achieve their goals. Some of the major types of marketing are:

Digital Marketing
Digital marketing is the use of the internet and digital technologies to market products or services. Digital marketing includes various tactics and channels, such as:
  • Search engine optimization (SEO): The process of improving the visibility and relevance of a website or web page on search engines like Google or Bing.
  • Pay-per-click (PPC) advertising: The method of paying for each click on an online advertisement that leads to a website or landing page.
  • Social media marketing (SMM): The practice of using social media platforms like Facebook, Twitter, Instagram, or LinkedIn to create and share content, engage with the audience, and build brand awareness.
  • Content marketing: The creation and distribution of valuable, relevant, and consistent content to attract and retain a clearly defined audience and drive profitable customer action.
  • Email marketing: The use of email to send personalized and targeted messages to prospects and customers to build relationships, increase conversions, and generate loyalty.
  • Video marketing: The use of video content to showcase products or services, educate customers, entertain viewers, or tell stories.
  • Influencer marketing: The collaboration with influential people who have a large and engaged following on social media or other platforms to promote a brand, product, or service.
  • Affiliate marketing: The arrangement where an online retailer pays a commission to an external website or individual for generating traffic or sales through its referrals.

Digital marketing is one of the most popular and effective types of marketing today. It allows businesses to reach a large and diverse audience, measure and optimize their performance, and personalize their communication. According to Statista¹, global digital ad spending is expected to reach $645 billion by 2024.

Offline Marketing
Offline marketing is the opposite of digital marketing. It refers to any kind of marketing that does not use the internet or digital technologies. Offline marketing includes traditional methods and channels, such as:
  • Print advertising: The use of newspapers, magazines, brochures, flyers, or catalogs to display advertisements for products or services.
  • Broadcast advertising: The use of radio or television to air commercials or sponsor programs for products or services.
  • Outdoor advertising: The use of billboards, posters, signs, banners, or vehicles to display advertisements for products or services in public places.
  • Direct mail: The use of postal mail to send letters, postcards, coupons, or samples to prospects or customers.
  • Telemarketing: The use of phone calls to contact prospects or customers and persuade them to buy products or services.
  • Event marketing: The use of trade shows, exhibitions, conferences, seminars, workshops, or festivals to showcase products or services and interact with the audience.
  • Guerrilla marketing: The use of unconventional and creative tactics to generate buzz and attention for products or services in unexpected ways.
Offline marketing is still relevant and effective for some businesses that want to reach a local or niche audience, build trust and credibility, or complement their online presence. According to Statista², global offline ad spending is expected to reach $306 billion by 2024.


Inbound Marketing
Inbound marketing is the type of marketing that focuses on attracting customers by providing them with valuable content and experiences that are relevant to their needs and interests. Inbound marketing aims to educate, inform, entertain, or solve problems for potential customers rather than interrupting them with unwanted messages. Inbound marketing includes tactics such as
  • Blogging: The creation and publication of articles on a website that provide useful information, insights, tips, or stories related to a topic or industry.
  • Podcasting: The creation and distribution of audio episodes that feature conversations, interviews, stories or opinions on a topic or industry.
  • E-books: The creation and offer of digital books that provide in-depth information, guidance, or advice on a topic or industry.
  • Webinars: The creation and delivery of online presentations or workshops that provide valuable knowledge, skills, or insights on a topic or industry.
  • Infographics: The creation and sharing of visual representations of data, facts, or information on a topic or industry.
  • Case studies: The creation and publication of stories that showcase how a business or a customer solved a problem or achieved a goal using a product or service.
  • Testimonials: The collection and display of feedback, reviews, or ratings from satisfied customers or clients that demonstrate the benefits and value of a product or service.
Inbound marketing is one of the most effective and cost-efficient types of marketing today. It helps businesses build trust and authority, generate organic traffic and leads, and nurture long-term relationships with customers. According to HubSpot, 70% of marketers say that inbound marketing is their primary approach to marketing.

Outbound Marketing
Outbound marketing is the type of marketing that focuses on pushing products or services to customers by sending them messages that are not necessarily relevant to their needs and interests. Outbound marketing aims to interrupt, persuade, or convince potential customers to buy products or services rather than educating or entertaining them. Outbound marketing includes tactics such as:
  • Cold calling: The practice of making unsolicited phone calls to prospects or customers and pitching them products or services.
  •  Cold emailing: The practice of sending unsolicited emails to prospects or customers and offering them products or services.
  • Pop-up ads: The use of online advertisements that appear on a website or browser window and interrupt the user's experience.
  • Banner ads: The use of online advertisements that are displayed on a website or web page and attract the user's attention.
  • Spam: The use of unsolicited and irrelevant messages or content that are sent to a large number of recipients via email, social media, or other platforms.
  • Direct response advertising: The use of advertisements that prompt the user to take immediate action, such as calling a phone number, visiting a website, or filling out a form.
Outbound marketing is one of the most traditional and widely used types of marketing today. It helps businesses reach a large and broad audience, generate instant results, and increase brand awareness. However, outbound marketing can also be costly, intrusive, and ineffective. According to HubSpot, 44% of direct mail is never opened, 86% of people skip TV commercials, and 91% of email users have unsubscribed from a company email they previously opted into.

Conclusion
Marketing is a vital process for any business that wants to create value for its customers and achieve its objectives. There are many types of marketing that businesses can choose from depending on their goals, budget, audience, and industry. Some of the major types of marketing are digital marketing, offline marketing, inbound marketing, and outbound marketing. Each type of marketing has its own advantages and disadvantages, and businesses should carefully evaluate their options before implementing their marketing strategy.


Source
(1) 18 Common Types of Marketing (Examples Included) - Ahrefs. https://ahrefs.com/blog/types-of-marketing/.
(2) What Is Marketing? - Principles, Types & Scope – Feedough. https://www.feedough.com/what-is-marketing-definition-types-scope/.
(3) What is Marketing? Purpose, Types and Career Opportunities - Emeritus. https://emeritus.org/in/learn/what-is-marketing/.
(4) Marketing - Wikipedia. https://en.wikipedia.org/wiki/Marketing.
(5) Marketing in Business: Strategies and Types Explained - Investopedia. https://www.investopedia.com/terms/m/marketing.asp.
(6) Getty Images. https://www.gettyimages.com/detail/photo/blogging-woman-reading-blog-royalty-free-image/887987150.
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