overview NARAYANI PATEL HPGD/JA17/1010 SPECIALIZATION:MARKETING WELINGKAR INSTITUTE OF MANAGEMENT DEVELOPMENT & RESEARCH Year of Submission: Dec, 2018 Defining Internet Marketing Internet marketing is the process of promoting a business or brand and its products or services over the internet using tools that help drive traffic, leads, and sales. Internet marketing a pretty broad term that encompasses a range of marketing tactics and strategies – including content, email, search, paid media, and more. Introduction Marketing is carried out with the intent of reaching out to a maximum number of people in exchange of minimum cost. When Internet was still in its formative years, marketing people used to depend on traditional media such as television, radio, handbills, billboards, newspapers, and magazines. Today, the Internet is premium source for promoting your business. There has been a rapid rise in the number of internet users since last few years. Thus Internet is the lucrative place to promote the business. The primary objectives you decide on for your digital marketing Objectives need to be SMART (Specific, Measurable, Attainable, Relevant and Timely). Other Objectives are Increase Lead Generations Increase Sales Revenue Improve Brand Awareness Improve user experience Increase website traffic Improve data quality Types Role of Marketing Account Manager- handling all official online accounts of Managers business- for SEO, PPC, Social Media, Email Marketing, etc. and coordinated tasks, harmoniously. Quality Assurance (QA) Supervisor- checks contents and work output to be at least within the standard of what has been expected in the digital marketing strategy implementation. Digital Marketing Strategist- formulates contextual strategies with higher chances of reaching the goals and objectives of marketing a business online. Internet Marketing Example Ads Scope Internet and E-commerce is at its boom age in India now, India e- commerce market grew at rate of 85%.It was mainly due to online retail trends and availability of more payment options. From Electronic gadgets, apparels & jewelries to home appliances, almost everything is available online, so there is a bright future for innovative online marketing. Also, the target group is big, about 80% of online shoppers are below the age of 35 which is bound to increase more. By looking at the potential of this market, a lot of start ups are emerging in, all of which require good marketing strategy to survive, so there is a lot of scope Advantages Ability to market your services for free or at a low cost. Ability to sell anything and collect payment online Internet marketing is relatively inexpensive method. Nearly all aspects of an Internet Marketing campaign can be traced, measured and tested. The can use variety of methods for advertising. Internet marketing is paper-free(Go-Green). Disadvantages Intense competition. Takes a long time to learn new skills Too many scams on the Internet and it affects buyers privacy People prefer the live interaction when they buy Start out small Tips Clearly define your marketing objectives Select your target market Assess your capabilities and know-how Execute your online strategy Measure your effectiveness Mostly important, experiment There is no fixed strategy. Disclaimer Not all online strategies will be effective for all business types.
It is up to you as the marketer to determine the
appropriate marketing channels and to constantly measure their effectiveness Conclusion Digital marketing and marketing department is not different from each other. Internet marketing is about utilizing digital technology to achieve marketing objectives. It is a growing field if business and requires a certain skill set to utilize the digital technology effectively. It is effective because the digital age provides easy access for information across a multitude of digital products such as computers, laptops, iPads, iPhones, Android devices, and other tablets. Last Word This is just the tip of iceberg. Internet marketing is at its infancy and its advancing by leaps and bounds. So stay tuned and stay ahead of competitors THANK YOU!!