Law Of Diffusion In The Field Of Digital Marketing

diffusion law

Do you know about the law of diffusion and it’s application in the field of Digital Marketing or Traditional Marketing? Law of diffusion is a very interesting law, which every entrepreneur or marketer should know about

I can see that you fit into the role of Entrepreneur as well as of Marketers. It is necessary for you, to know the law of diffusion.

You might be thinking, Why the hell should I know about this law. Well, this law will help you to strategies your marketing efforts. Not only it will help you to strategies but also will give some solid evidence which will ease your doubts or fear about the success of your organization.

Click this link to see the image of the law of diffusion.

If you have seen the image, you will find that there are five categories of the mindsets of the people. To do lean marketing with a lean budget, you will need to address the left side of the curve, i.e people who have a mindset of innovation & early adoption. This is the people who are willing to try new products or services irrespective of their brand life. In short, they are not hesitant in trying alternative products or services to the current branded products. These people are also not hesitant in spending their money, to try and test newly launched products.

Sweet Nugget:- The percentage of Innovators and Early adopters is 2.5% and 13.5% respectively.

So, as an Owner or Marketer what should you do?

You should try to identify your 16% of targeted consumers of a total 100% population, who are eager to look for the product which will give them better quality, feel and satisfaction compared to branded products they are currently using.

Once you focus your marketing efforts on this small percentage of people, You will get a better conversion rate with less spend of the bucks.

This is a very deep and vast law to understand. If you want to learn more, Listen to this ted talk.

Thank you for reading to the end.

GET YOUR FREE EBOOK

5 things which you can fix on your website

Want your website to generate business for you, Learn 5 things which you can fix on your website in next week to increase your business.

Get your free ebook copy now

Don't worry, We hate spam !! Be assured

ABOUT AUTHOR

sunny bhosale

Sunny Bhosale

Sunny Bhosale is a Agency mavericks certified Digital Business consultant helping Coaches, Online store owners & Manufacturing Business to grow their Business with help of Websites & Digital Marketing strategies.