The Importance of Digital Marketing in 2020

Are you looking to implement a digital marketing strategy for your growing business? There’s never been a better time! With so many different digital marketing options, ranging from search engine optimization (SEO) and search engine marketing (SEM) to content marketing and social media campaigns, you can find the best combination of strategies for your business.

No matter which route you go, there are several benefits to using digital marketing for your business.

digital marketing

Potential For Global Reach

Unlike many forms of marketing, like radio and television ads, a digital marketing campaign can reach a global audience. Search engine optimization, for example, can improve your page ranking on popular search engines like Google. This, in turn, makes it easier for potential customers to find you regardless of where they may be located. And, of course, if you wish to target a more localized audience, there are plenty of tools and resources for this as well.

Excellent Return on Your Investment

When you spend your marketing dollars on digital marketing, you’ll enjoy a high return on your investment. While exact ROI figures can vary from one specific type of digital marketing to the next, the fact remains that this form of marketing is one of the best ways to allocate part (or all) of your advertising budget. Email marketing, for example, can yield an ROI of 122%, while social media marketing can achieve an ROI of 100% or more! If you’re looking for a low-risk way to utilize your marketing funds, digital marketing is certainly the way to go.

Completely Measurable and Adaptable

The success of a digital marketing campaign is effortless to track and measure, allowing you to determine what’s working versus what may not. Using free tools to generate analytics and reports is an excellent way to measure the success of your digital marketing campaigns with confidence, which takes out some of the guesswork. And because digital marketing is so easily adaptable, you can make changes to your campaigns quickly and easily in most cases.

Take Advantage of the Digital Shift

There has never been a better time to get started with digital marketing for small businesses, especially considering how the coronavirus pandemic shifted many business operations online in 2020. Because of COVID-19, digital business transactions are on the rise, and more people are working remotely. As a result, your target audience is more likely to respond to your digital marketing efforts than ever before.

Ready to Get Started With Digital Marketing? StratGrow Can Help!

With all of the advantages digital marketing has to offer your business, why not get started today? If you’re looking for some professional guidance on launching your first big digital marketing campaign, our team here at StratGrow is here to help. Contact us today to learn more about what we can do to take your business to new heights!

The Paycheck Protection Program: What You Need To Know

In recent weeks there has been a steady media buzz surrounding the news of the $1,200 stimulus checks going to every American in the wake of the Coronavirus outbreak. However, what’s not really being mentioned are the BILLIONS of dollars being set aside for small businesses right now. Strategic Growth Advisors, LLC is here to help keep you educated and informed.

Coronavirus financial stimulus bill individual checks and cash from U.S. government

What is it?

Written into the $2 trillion stimulus bill is the Paycheck Protection Program, or a $350 Billion forgivable loan program for small businesses.

Title 1 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act is the Keeping American Workers Paid and Employed Act. This provides a safety net for both employers and employees who have been negatively affected by the recent coronavirus outbreak.

Application Process & Eligibility

Any business with under 500 employees can apply. Sole proprietors, independent contractors, and self-employed individuals are all eligible for the Paycheck Protection Program. This one-time business loan can be applied for any time between now and June 30th, 2020.

Other Loan Details

Businesses can borrow up to 2.5 times their average monthly payroll costs, up to a maximum of $10 million. This amount is designed to cover eight weeks of payroll expenses, plus a little extra. This money is eligible to put towards debt obligations, i.e., mortgage, rent, leases, utilities, etc.

If you keep all of your employees through the end of June, then the entire loan will be forgiven. If your business still has to lay off employees, the loan forgiveness will be reduced by the percentage decrease of your employees.

Gold money coins with jar

Next Steps

The Paycheck Protection Program is a lifeline for many struggling businesses that have had to close their doors recently in the wake of the mandatory social distancing guidelines. These protocols enacted by local and federal governments to help curb the spread of the coronavirus are essential to maintaining public health but have also negatively affected the economy in the process.

Depending on the events of the next few months, this economic relief plan for small businesses may be extended or expanded depending on how this first round goes. Until then, there will inevitably be a greater emphasis on online business. Contact StratGrow today for any of your digital marketing needs. We specialize in SEO, branding, website design, content, social media management, and much more.