Digital Ecosystem: The New Selling Option of Brands
by Paola Limin
Launching a business during the ongoing economic downturn might sound like a challenging task, but it’s not an impossible feat to achieve. With the evolving transaction cycle already migrating online, the selling options for brands have become more extensive.
Some entrepreneurs might argue that it’s a risky path to follow through and point out how existing companies are already struggling to survive in these uncertain times. But if you think about it carefully, isn’t the current age of disruption a great way to drive transformation, build new connections, and develop innovative business goals?
Sure, establishing your online presence is an essential factor in surviving in today’s industry. The question is, how can you maintain and gain leverage from these data-driven channels? Spoiler alert: you have to build a reliable digital ecosystem.
First off, what is the Digital Ecosystem?
To continually grow in the fast-changing business world, brands must develop an integrated and seamless consumer experience. A digital ecosystem is where the integration of all your virtual channels occurs. It ensures brand consistency in business performance, data collection, and customer service throughout your online assets.
How does it work?
For this system to work, you need to identify the digital channels and opportunities that could potentially expand your market reach. Analyze the service you provide and align your strategies closer to a targeted range of consumers, related industries, and even competitors.
Create your business model around modern systems and tools to build an omnichannel where you can connect with your customers in real-time. Your digital ecosystem can consist of any of the following content-driven digital marketing options:
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Website
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Social Media
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Forums/Blogs
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Paid Media/Ads
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Email
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Search Engine Optimization
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Customer Relationship Management System
Building Your Digital Ecosystem
According to Google’s research, 85% of digital consumers start their purchasing journey on one device and finish on another. These statistics show that omnichannel shoppers are deeply rooted and connected with the prevalent trend of digital transactions.
To build your online ecosystem around this edge, a brand must re-engage its target market using personalized services that will establish a cross-channel brand impression. Achieving this will only be possible with relevant and forward-thinking content.
Here are some approaches you can consider when creating a strategic business model to suit your current digital ecosystem:
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Go beyond traditional strategies
In this day and age, business innovation is limitless. What digital customers seek is more than good old marketing strategies or impressive customer service. It’s important to think about their perspective and base your business decisions on customer behaviors such as purchasing preference, current trends, and social channel activities.
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Be open to new trends and collaborations
Gone were the days where you can smoothly run businesses on your own. A digital ecosystem can only benefit your brand if a new market, technology, and opportunity are identified and acquired ahead of time.
By allowing your company to leverage in this dynamic environment, your business will be well-prepared and will not fall victim to any kind of disruptions in the future.
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Create a seamless experience
A challenge any marketer will face is keeping the customer engagement running. But this task can be deemed difficult as an average human attention span only ranges from eight to twelve seconds based on several scientific studies. And for your information, that’s shorter than the attention span of a goldfish!
To solve this predicament, your digital ecosystem must generate relevant data from your target market to reveal insights that will help you connect with your consumers. With the right content, you can point your finger directly on what approaches you can use to appeal to their preferences uniquely and retain customer transactions.
Value of Digital Ecosystem in your business
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Generates a new source of revenue
Having a consolidated and integrated digital ecosystem means you can conveniently track all the data and processes that flow inside your business. Through this, you’ll be able to analyze existing revenue-generating facets and open the doors for new revenue channels.
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Makes any business process faster
Building an effective digital ecosystem equates to eliminating cumbersome and time-consuming procedures. By embracing new platforms and tools, your business can keep up with the pace of the ever-changing consumer behavior.
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Reduces risks due to bad decision making
Should you properly make use of your brand’s integrated digital ecosystem, all the guesswork is completely out of the picture. With the helpful insights produced by the brand’s established channels, you can easily predict how individual decisions will impact your business in the long run.
Conclusion
With modern consumers starting to actively take roles in creating related content for the brands they support, some might think that executing online marketing strategies is now as easy as walking in the park. News flash, it’s not! Managing your channels are more complicated than ever.
If you read this article, chances are you already recognized the dilemma. The next step is to embrace and invest in the evolving technologies that are in front of you. Reinvent your company’s customer-management structures and define the channels that suit your brand. When you leverage these elements correctly, only then can your business reap the benefits of an integrated digital ecosystem.
Sevensharp Creatives elevates businesses from different industries to a whole new level! Our team offers 360 digital marketing solutions that includes the current online vital social media platforms, website design and development, software development, search engine marketing, search engine optimization, email and SMS marketing, photo and video shoot and more for small, medium, corporate businesses, and public entities. Get your free consultation with us to jumpstart your digital marketing journey! Contact us at +63 917 146 2603 (Viber, Whatsapp) or email us at hello@sevensharpcreatives.com.
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