Spain is a country where digital advertising is booming, allowing businesses to make a lasting impact and flourish. In the digital transformation era, ventures have plenty of options for connecting with their audiences, and one of the most effective ways to do so is through advertising. Simply put, online advertising is a marketing strategy that businesses use to promote their services or products through digital platforms. In today's world, digital marketing has become a transformative force for companies, enabling them to expand their reach on a global scale while also gaining data-driven insights that empower them to improve their strategies and achieve optimal results. By 2026, the digital marketing sector is expected to grow to $807 billion, with email marketing, content marketing and SEO bringing the highest ROI to businesses.
Nowadays, most marketing is digital (72% of it), with businesses looking to put their budgets to the best strategies to help them grow. Online advertising has proven incredibly effective to this end, increasing brand awareness by 80%. Statistics suggest that consumers are 155% more likely to research terms specific to your brand once they have seen display ads, while 27% look for the company itself. At the same time, PPC offers a 200% ROI, returning $2 for every $1 spent. That's quite impressive! Europe has done an excellent job at making the most of these opportunities in digital marketing, with Spain standing out through its vibrant advertising market.
A Look into Spain's Advertising Landscape
In 2022, ad spending was valued at 6.5 billion euros in Spain, with digital amounting to the highest spending, followed by newspapers and TV. While today, Spain still publishes more newspapers than any other European country, there is a noticeable decline in ad spending in this area, as in 2011-2022, newspaper ad revenue decreased to less than 350 million. Surprisingly, television still thrives in advertising in Spain, maintaining a sizable market share. Most Spaniards keep updated on the latest news through TV, which is still a profitable advertising medium. This is really interesting, as in America, people often ignore TV commercials.
However, digital still outranks television, with social media and display ads standing out as the most relevant forms of advertising. In fact, 42% of the total ad expenditure in the country goes into digital ads. Social media is indeed one of the best ways businesses can connect to potential customers. While Facebook has 2.5 million active users, YouTube, Instagram, and WhatsApp amount to another 4.5 million users together. These numbers translate into enormous opportunities for a business, so to strengthen brand awareness, being present on these platforms is imperative.
Succeeding in Spain's Ads Market Is All About Meeting Consumers Where They Are
Understanding consumer buying behavior is vital if you're looking to expand your business across the Spain market. Spanish customers have a unique profile when it comes to purchasing products or services, which has evolved over time, with the pandemic having a strong impact on it. In 2020 alone, online shopping has increased significantly among Spaniards, and this behavior continued even after COVID-19 restrictions were lifted. Mobile devices have become an integral part of Spaniards' lives. In fact, statistics show that more than 50% of ad clicks occur on smartphones, so it makes sense for businesses to optimize their mobile platforms' campaigns. Focusing on improving PPC strategies is a great way to do so, as the two go hand in hand. PPC, or pay-per-click, is a digital advertising model where a business pays for targeted visits to its website, allowing you to retarget previous customers and drive sales.
While PPC is an incredibly effective strategy for any venture, you can easily make mistakes when handling a campaign individually. This is why it is often better to outsource ppc and allow experts to do the hard work for you. No matter how much you read online about PPC, the truth is, you'll never have the in-depth knowledge of a company specialized in this area. Besides, these specialists have likely tested ideas over time, allowing them to discover the tactics that work best for PPC campaigns. Therefore, working with them will help you maximize your budget while generating the highest possible ROI. PPC works wonders for both B2C and B2B businesses; however, when it comes to the latter, more comprehensive research is needed regarding the keywords and phrases that the target audience uses. Hiring a b2b ppc agency will save you time, driving the desired results as quickly as possible, as they know exactly what to do, helping you implement the latest and most innovative PPC strategies into your campaign, and helping you reach the next milestone in your business.
Expanding Your Business Across the Spain Market and Beyond: Where to Begin?
Expanding your venture abroad can open the door to excellent opportunities, allowing you to grow in unimaginable ways. If you're ready to scale your company, entering the Spain market is a great start, given how lucrative it is. Obviously, Spain isn't the only country where you can expand your business' Europe offers plenty of opportunities for that with many other locations with a thriving digital marketing scene. Visit https://seeders.agency/ to see where you can make an impact in the international market and to discover the top services you can supply to grow abroad as a business successfully.
An important thing to remember is that global expansion can take a lot of time and effort, so you must be patient and keep working hard to achieve your goals—and, of course, not hesitate to ask for professional help when needed. Researching each market specifics is essential, as you have to consider cultural aspects and the differences in consumer purchasing behavior. There will likely be many challenges as you expand your business globally, but with the right attitude and knowledge, you can set your business up for success.
Take Your Business to The Next Level by Leveraging Digital Marketing Across European Markets
Europe has definitely not missed the digital marketing train, but businesses that want to differentiate themselves in a global competition must focus on meeting consumers' needs and offering high-quality experiences.
The key to succeeding abroad is being mindful of the differences in consumer behavior, which can ultimately help you gain the trust and attention of your audience.