Professional Documents
Culture Documents
MKTG 403
MKTG 403
Electronic
Marketing
Essentials
D r. M r s . S h e e n a L .
Boateng
University of Ghana
Business School
slboateng@ug.edu.gh
Introduction and
Foundational Concepts
Session 1
• It
provides links to customers, suppliers, business
partners, and employees through the Internet,
intranets, and extranets, essentially creating the
ability to run a business online, regardless of
geographic region; a process which includes e-
marketing.
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• E-marketing involves achieving
marketing objectives through the
application of electronic
communication media, data and
technology.
• It
is also achieved by using digital tools to reach new
prospects, actively encourage interaction, increase
conversions and engage more actively with potential
customers.
2023 DR. MRS. SHEENA L. BOATENG - SLBOATENG@UG.EDU.GH 15
Benefit 2 – Serve (Add value)
• TheInternet offers unique customer-service
opportunities.
• Also,
it helps to be present and responsive to
customers at all times.
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Benefit 3 – Speak (Get closer to
customers)
• The Internet offers opportunities to communicate and
get closer to customers.
• This
is achieved through online email
communications, sales and service transactions to
reduce staff, print and postage costs.
• It
is a relatively complex and
dynamic environment for firms to
compete in.
• This
analysis is conducted by
means of a Situation analysis.
Micro
Environment
Internal
Environment
They include:
Customers Competitors Intermediaries Suppliers
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DR. MRS. SHEENA L. BOATENG - SLBOATENG@UG.EDU.GH
3. Intermediaries
• Firms that can help a company to promote, sell and
distribute its products or services; enhancing
customer convenience.
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DR. MRS. SHEENA L. BOATENG - SLBOATENG@UG.EDU.GH
New Channel Structures
• Channel structures describe the way a
manufacturer or selling organization delivers products
and services to its customers.
1. Disintermediation structures
2. Reintermediation structures
3. Countermediation structures
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New Channel Structures
1. Disintermediation - This is enabled through digital
platforms that connect two sides of a market and cut out
the middlemen, such as distributors or brokers that
formerly linked a company to its customers, e.g.,
Pearson books.
They include:
International Technology Society Country-specific
• Internet
penetration and use varies greatly from
country to country. A country’s population might not
always directly correlate with internet penetration
levels.
2. Crypto currency
e.g., Bitcoin,
Dogecoin, Etherium,
Litecoin etc.
Session 3
2021
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Segmentation, Targeting and
Positioning (STP)
• STP is an acronym for Segmentation, Targeting,
and Positioning – a three-step model that
examines your products or services as well as the
way you communicate their benefits to specific
customer segments.
• It
is effective because it focuses
on breaking your customer base
into smaller groups and
developing specific strategies
to reach and engage each target
audience.
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What is Segmentation?
• The process of aggregating
individuals or businesses
along similar characteristics
that pertain to the use,
consumption, or benefits of a
product or service.
• It
is the ability to influence
consumer perception
regarding a brand or product
relative to competitors.
1. Demographics
2. Psychographics
3. Geographic location
4. Behavior
1. Interest communities -
Communities can form around social
media or other Web sites and
forums, or via e-mails to the entire
group membership, e.g.,
Entertainment communities,
Education communities, Special
topics communities, Scheduled
event communities etc.
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Psychographic Segmentation
2. Attitudes and Behaviours
• It is especially
important for web page
design and deciding
what media to use for
connecting with
prospects and
customers.
• Discuss 1-800-Flowers’
segmentation, targeting,
differentiation and
positioning strategy in
the context of e-
marketing.
https://www.youtube.com/watch?v=U400jXSOAkk
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THANK YOU END OF SESSION
2021
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Why e-Marketing Planning?
• The
product of e-marketing planning is an e-
Marketing plan or strategy.
• It
is normally a part of an organization’s overall
marketing plan, flowing from its overall business
goals and strategy which provides a consistent
direction for an organisation’s online marketing
activities.
• A thorough situation
analysis is the
foundation of a great
plan and should
contain an analysis
of:
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Situation Analysis
Explained
1. Customers
2. Competitors
3. Partners (and intermediaries)
Strengths Weaknesses
• Smart and talented team • No experience selling
that stayed focused and books, boxing books for
learned what it did not shipment or processing
know. credit card transactions
online.
• Less potential for channel
conflict.
Threats Opportunities
• A large bookstore chain had • Majority of the larger
launched a full-scale push to bookstore chains like
claim online book market. Barnes and Noble delayed
their moves to establish an
• Data security and foreign online presence.
exchange rate fluctuations.
• It's
about persuading site visitors or
prospects to take interest and move
towards taking the next action when
they initially reach your site or social
network presence, e.g., ‘Sign up’,
‘Add to basket’.
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2023 DR. MRS. SHEENA L. BOATENG - SLBOATENG@UG.EDU.GH 3
E-marketing
Strategy
Formulation
Strategy Formulation
• Strategy answers the question ‘How do we get
there?’ It summarizes how to fulfil the objectives and
guides all the subsequent detailed tactical decisions.
• It
is used as guide by electronic marketers in
using the relevant tools to deepen user
commitment to their brand, products and
services online.
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What is
the Marketing
Mix?
▪ Product
decisions should
be informed by market
research where
customers’ needs are
assessed, and the
feedback is used to
modify existing products
or develop new
products.
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Product
▪ Thereare many
alternatives for
varying the product
in the online
context.
▪ These can be
divided into
decisions affecting
the following:
1. Subscription
2. Pay-per-view
3. Bundling
4. Ad-supported content
4. Ad-supported
content: the publisher’s
main revenue source is
through adverts on the
site (e.g., banner ads) a
fixed sponsorship
arrangement or CPC.
4. Money-back offers
2. Online survey
5. Web analytics
1. Differential pricing.
2. Pricing elasticity.
▪ Different
pricing mechanisms, which were
available offline before the advent of the Internet
have become easier to apply using the Internet.
▪ In
particular, the volume of users
makes traditional or forward
auctions (B2C) and reverse
auctions (B2B) more tenable and
have become more widely used.
1. Substitution - Deploying
technology instead of people like
Varying the frequently asked questions
‘People’ section on a website; in-site
search engine; avatar offering
Online answers to questions (Babs
from Enterprise); automated
email response or a series of
‘Welcome’ emails or videos
educating customers about how
to use a product or service.
• Typical operational
objectives that should
drive the strategies
and measure the
effectiveness of
online processes are:
• In an online context,
‘physical evidence’ refers
to a customer’s experience
of the company through
the website and other
digital media.
• Customers look for online cues and clues to
form judgements and perceptions, as well
as for reassurance.
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The
Online
Customer
Experience
Pyramid