India fastest growing SMB market for Google AdWords
Small and midsize businesses (SMBs) in India are using the
Internet as a medium to generate more qualified leads and sales, and
Google AdWords claims to deliver that value to businesses with their
search engine advertising platform.
Google AdWords
delivers relevant advertisements when someone is looking for a product
or service on Google Search--making the ad more useful and relevant. The
business only pays when someone clicks on the ad.
"Facebook on the other hand is a display advertising solution and
serves a different kind of marketing need," asserted Sandeep Menon, head
of marketing at Google India.
According to Menon, Google has been witnessing triple digit growth in
terms of advertising revenues from SMBs in India. In the last two
years, Google India has raced ahead to become the fastest growing SMB market for Google globally.
"With an estimated 47 million SMEs (small and midsize enterprises) in
the country--India is a strategic market for Google. We have made
significant investments in localizing our market outreach to tap the
various clusters of SMEs. In the last year alone, we have significantly
ramped up the efforts to maximize our reach and educate the Indian SME
on the benefits of online advertising."
Google India has been ramping up its efforts to educate SMEs about the power of digital advertising and evangelize the Google AdWords platform.
It has now 10 Premier SME Partners in India and is aiming to have a
sales workforce of over 10,000 people through this program in next year.
The Google Engage program now has over 3,000 partners spread across 165
cities in India. Also, Google India has set up dedicated call centers
who provide local language support in six Indian languages to SMEs who
want to get online and start their campaigns. Advertisement for Google AdWords.
The advertising potential of Indian SMBs has interested Google for quite a while.
In the past, Google has taken steps to help SMBs in India to gain
from the digital economy by helping them establish online presence for
free through their "India Get Your Business Online" campaign. In the
last year and a half, they've developed and published free websites for
over 175,000 SMBs from over 8,000 Indian cities.
Obviously, this wasn't a CSR (Corporate Social Responsibility)
exercise but an organized program to bring physical or offline
businesses to Web adding them to the pool of potential digital
advertisers. Kathana Jewelers,
a hybrid store making jewelry buying a visually appealing and hassle
free experience for their consumers, started using AdWords with a modest
budget of INR 20,000 (US$370) per month in 2010 and now have raised it
to over INR 100,000. The revenue scaled phenomenally and today, AdWords
accounts for 100 percent of their advertising budget.
"AdWords worked great for our jewelry store and it was the best
strategy that we invested in," said Aditya Gupta, director of marketing
at Kathana Jewelers.
While Google AdWords face stiff competition from Facebook Marketing solutions
for the digital budgets in Indian SMBs, the huge market would keep the
two companies, and other players, satiated. For businesses, digital
advertising is helping them to effectively gain customer base and impact
the top line with enhanced revenues in the long run.
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