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Introductione Marketing
Introductione Marketing
An online marketer now needs to find where people are congregating online and needs
to engage them in a meaningful way. Be it in matching with what they are looking for,
watching how they interact and understand what theylike or listening to their natural
opinions on your company or market and reacting to that.
DEFINATION:
"Marketing has changed. A Traditional advertising does not work, brochure-like
websites do not work, the web has given people ultimate freedom of choice and of
goods. When there are no monopolies and constrictions, interrupting people's lives is
not effective marketing anymore. “A Damien Mulley A
WHAT IS E-MARKETING?
E-marketing modules allow organizations to deliver highly personalized Web offers and
dynamic Web surveys that are fully synchronized with marketing efforts in traditional
channels.
Budget, organize, and schedule detailed marketing campaigns down to the task
level
Proactively manage and merge direct mail, e-mail, and fax lists
OLAP capability
1. Product
2. Price
3. Place
4. Promotion
Product:
A product is a benefit of service which a business provides to its customers. A business
cannot progress until it's provide a quality products or services which satisfied the needs
of consumers and such there are ready o pay for that it involves planning, developing
and producing. Ii essentially deals with the production of right type of products and
services to be marketed by the firm. If the product and services are not to right type then
the first step of marketing mix is a failure. The P deals with the products durability,
product range, product branding, and product color, product packing and other
essential features. If a firm wants to enhance the efficiency of its product, it should
share information relating to the product with its partners, traders and consumers. There
should be a automated flow of information between the producer and customer.
Price:
The second important P is price. It is one of the important elements of e marketing.
When product is launched, the next important task is to decide its price. The price of the
product should be as such which is reasonable for the both the producers and the
customers. The price of the products depends on its type, number of its competitors and
its goodwill in the market. Some companies provides after sale services free of cost,
some takes nominal charger while some other charges in such a way that it depends on
the consumer and the product.
The marketing manager determines the price of the product through e-marketing
successfully. Pricing decision is a very crucial decision in the process of marketing mix.
If the pricing decision is not appropriate, the marketing mix will not be successful the
policies regarding credit and discount also fall under pricing.
The decision of pricing is influenced by the following factors:
Demand of the product.
Cost of the product.
Actual competition in the market.
Future competition to be faced.
Government policies.
Law and land.
Place:
The P of marketing mix is related with physical distribution of goods should be
displayed and made available to the potential buyers. This P is also related with the
decision regards warehousing, transportation etc. Wholesalers and retailers are the
important channels of this P. This P is highly concerned with the activates so that the
products are available to the customer at right time and at right place. The law of land is
very important in connection with e-marketing. It is to be decided where the product will
be delivered if the customers are from other country.
Promotion:
Promotion is the activities which are taken up in e-marketing to sell product and
services. In the promotion of any product, the information related to the product
should reach the costumer well in time. The promotion is of prime importance, when a
company is to be launching a new product, fix its price and decide the area where it is to
be sold. If the promotion is taken up rightly, it attracts more and more customers. It
increases the sale of goods which eventually results in higher profits. Internet is a very
effective and efficient means of promotion. To promote a product. A company provides
pictures, demonstration and other related information on its website free of cost.
ADVANTAGES OF E-MARKETING:
1. Global reach: No matter where you are or whom you need to reach, targeted emails
pave the way. Borders are no obstacles in email marketing.
2. Lower cost: Costs incurred in designing, executing, testing, sending and receiving
an email is up to 78% less for a run of 5000 over paper-based direct mail version. When
you add e-mail to your marketing mix, you spend less time, money and resources than
with traditional marketing vehicles like direct mail or print advertising.
3. Interactive: You can innovatively initiate campaigns using graphics, videos, music,
quiz, game or whatever that will be of interest to your prospect, to grab his attention and
interest immediately.
4. Highly personalized: Email enables you to personalize and greet every person you
target. This helps in creating a special bond with the prospects.
5. Faster response: Time to receive responses through e-mail is one to three days,
where you will get maximum responses on day one itself, while a direct mail campaign
would take minimum 7 to 12 days to generate any responses. Further, responding to a
direct mail is more cumbersome, while a person can respond to an email immediately.
6. Simplest: Executing an email campaign is simple and you can do it sitting at home
without any extensive resources.
7. Targeted marketing: Since prepackaged and custom-built lists are available, you
could reach only those who might require your services, solutions or products without
bothering those who do not. You can select each one of your targets based on
geography, age, income, spends, and many other parameters.
8.Measurable results: Special tools are available that accurately measure click-through
rate, conversion rate, how a person one arrived at your website, and more, to enable
you to assess the success of different email campaigns.
TRADITIONAL MARKETING VS E-MARKETING:
With the advancement of internet technologies the concept of online marketing has now
been spiraling almost at a break-neck speed. E commerce is no more a new idea as a
matter of fact in the mid 90’s when internet popularized amongst common people,
online marketing since then started molding from its ‘ boyhood’ with the growth of
circulation of newsletters through e-mails, and through adding links of one site to other
various websites. However, in the 20th century with the addition of latest technology the
whole concept of online marketing has gained a definite dimension with the added
techniques like Pay Per Click, Search Engine Optimization, Press Releases, Web
Banners, Link Campaign, Viral Marketing, Blogs etc. These started working as a curtain
opener in the field of marketing whilst using the Internet.
And in the 21st century, the rapid advancement in web technology has ultimately
resulted in social media becoming the most fluid market with many types of ebb and
flows. The demand for a hot tool on the market which people will gravitate towards was
always there and the new age social media marketing with web 2.0 platform steadily
filled the gap.
Nowadays the online media marketing is somewhat based on the simple concept. As
they say, “They’ll tell two people, and they’ll tell two people.” Simple concept isn’t
it? And this type of viral marketing just cannot be bought with any of the traditional
advertising means. Like the companies, the audience is also looking forward to take
advantage of the demographic advantages and also of the ‘VIRALITY’ of the social
media.
As it appears the future of online marketing is indeed affirmative and there is hardly any
doubt about the fact. Blessed with the new baby, known as social media marketing, the
online marketing now stays as one of the cost effective and feasible techniques to target
a large audience without any substantial hike in the budget. Last but not the least, the
most beneficial part of online marketing is perhaps the easy accessibility and
interoperability. Face this, now just a single click link will fetch the results within a few
seconds. Needless to say, with all these avenues and much more, the future of online
advertising truly beckons more opportunities and even more advancements.