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Virtual marketing in virtual enterprises

Article · January 2008


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Nader Ale Ebrahim Hamaid Ali Fattahi


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Virtual marketing in virtual enterprises
Nader Al-e-Ebrahim*
President
The R&D Fund of Industries and Mines
al_e_ebarhim@rdfund.ir

Hamid A. Fattahi
Planning Affairs
The R&D Fund of Industries and Mines
fattahi@rdfund.ir

Arash Golnam
International Affairs advisor
The R&D Fund of Industries and Mines
golnam@rdfund.ir

1. Abstract

Key words

2. Virtuality

Electronic copy available at: http://ssrn.com/abstract=1803771


3. Marketing

3.1. The Marketing Process

Figure 1: The marketing process overview (Source: www.smartsmallbusiness.qld.gov.au)

3.1.1. Research your Market Environment

1 - www.ozco.gov.au

Electronic copy available at: http://ssrn.com/abstract=1803771


3.1.2. Develop and Implement your Marketing Plan

3.1.3. Review and Improve

4. What is Virtual marketing?

3.2. Why use VM?


3.2.1. Increasing rate of High speed internet access

3.2.2. Searching the web, plays an important role in purchasing behavior

3.2.3. Increasing online sales trend

Figure 2: %sales to customers on internet in 5 years

Figure 3: evolution of internet users in the world


3.2.4. Traditional media power decreases:

Figure 4: Traditional vs. Online marketing Budget Allocation of USA direct marketers 2004 & 2005 (as a % of
total)

(Source: Faculty of Business, Public Administration University of Twente, 2005)

3.3. Creating a collaborative environment that runs 24/7


3.4. Reaching Marketing Goals through VM

3.4.1. Launching new and upgraded products

3.4.2. Adding sales channels


3.4.3. Re-branding and updating messages

3.4.4. Driving marketing events

3.4.5. Reaching customers


3.5. Advantages of Virtual Marketing

3.6. Disadvantages of Virtual Marketing

4. Virtual enterprise
4.1. VE overview

4.2. Appearance of the Virtual Enterprise


5. Virtual marketing in VEs

6. Conclusion
References:
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