On line
marketing is the fastest growing form of direct marketing. Recent technological
advances have created a digital age. Rife use of the internet is having a
dramatic impact on both buyers and the marketers who serve them. Now we find
who marketing strategy and practice are changing to take advantage of today’s
internet technologies. After a frenzied and rocky start in the 1990s, many
click dot com (or others) is now prospering in today’s online market space. As
the internet grew, the success of the dot-com caused existing brick and mortar
manufacturers and retailers to reexamine how they served their markets. Now
almost all of these traditional companies have set up their own on lines sales
and communications channels becoming clicked and mortar companies. It’s hard to
find a company today that doesn’t have a substantial web presence.
Types of On Line Marketing
The four
major online marketing domains include B2C (business to consumer), B2B (business
to business), C2C (consumer to consumer) and C2B (consumer to business).
B2C (Business to Consumer)
The popular
press has paid the most attention to B2C, business selling goods and services
online to final consumers. Today’s consumer can buy almost anything online, for
example clothing, kitchen gadgets, airline/railway tickets and computers or
cars. Online consumer buying continues to grow at a healthy rate. Make than
half of U.S. household now regularly shop online. By 2010, the internet will
influence a staggering 50 percent of total sales. Thus smart marketers are
employing integrated multichannel strategies that use the web to drive sales to
other market channels.
As more and
more people find their way on the web, the populations of the online consumers
is becoming more mainstream and diverse. The web now offers to marketers which
have different kinds of consumers, seeking different kinds of online
experiences.
However, internet consumers still differ from traditional offline consumers in their approaches to buying and in their responses to marketing. In the internet exchange process, customers initiate and control the contact. Traditional marketing targets a somewhat passive audience. In contrast, online market targets people who actively select which web sites they will visit and what marketing information they will receive about which products and under what conditions. Thus the new world of online marketing requires new marketing approaches. The website also offers several tour packages for tourists and run special trains which taking them through heritage sights and familiarizing them to glorious past.
However, internet consumers still differ from traditional offline consumers in their approaches to buying and in their responses to marketing. In the internet exchange process, customers initiate and control the contact. Traditional marketing targets a somewhat passive audience. In contrast, online market targets people who actively select which web sites they will visit and what marketing information they will receive about which products and under what conditions. Thus the new world of online marketing requires new marketing approaches. The website also offers several tour packages for tourists and run special trains which taking them through heritage sights and familiarizing them to glorious past.
B2B (Business to Business)
Although the
popular press has given the most attention to B2B web sites, this type of
marketing is also prosperous. B2B marketers use business to business web sites,
e-mail, online product catalogs, online trading network and other online
resources to reach new business customers. These serve current customers more
effectively and obtain buying competences or product prices. Most major B2B
marketers now offer product information, customers purchasing and customer
support services online. Some companies conduct almost all of their business on
the web. Networking equipment and software maker systems take more than 82
percent of its order over the internet.
Beyond simply
selling their products and services online, companies can use the internet to
build stronger relationships with important business customers. For example,
Dell has set up customized web sites for more than 110,000 business and
institutional customers worldwide. These individualized Dell sites help to get
business or customers to more efficiently, manage all phase of their Dell
products and services. Each customer’s
Dell web site can contain a customized online computer store, purchasing and
asset management reports and tools, system specific technical information and
more. The site makes all the information for a customer needs in order to do
business with Dell which available in one place, 24 hours a day, 7 days a week.
C2C (Consumer to Consumer)
Much C2C
online marketing and communication occurs on the web between interested parties
over a wide range products and subjects. In some cases, the internet provides
an excellent means by which consumers can buy or exchange goods or information
directly with one another. For example, eBay and amazon or other auction sites
offer popular market spaces for displaying and selling almost anything from art
and antiques, coins and stamps etc.
In other
cases, C2C involves interchanges of information through internet forums that
appeal to specific special interest groups. Such activities may be organized
for commercial or non-commercial purposes. An example is web logs, blogs,
online journals where people post their thoughts, usually on a narrowly defined
topic. Blogs can be about anything, for example politics, business, games and
cars etc. Many marketers are now tapping into blogs as a medium for reaching
carefully targeted consumers. As marketing tools, blog offer some advantages.
They can offer a fresh, original, personal and cheap way to reach today’s
fragmented audiences.
C2B (Consumer to Business)
The final
online marketing domain is C2B. Thanks to the internet, today’s consumers are
finding it easier to communicate with companies. Most companies now invite
prospectus and customers to send in suggestions and questions via company web
sites. Beyond this rather than waiting for an invitation, consumers can search
out sellers on the web, learn about their offers, initiate purchases and given
feedback. Using the web, consumers can even drive transactions with business
rather than the other way around. For example, using priceline.com would be
buyers can bid for airlines tickets, hotel rooms, rental cars and vacation
packages, leaving the sellers to decide whether to accept their offers.
Setting up Online Presence
All companies
need to consider moving online. Companies can conduct online marketing in any
of the following main four ways.
Creating a Web Site
The first
step in conducting online marketing is to create a web site. However beyond
simply creating a web site, marketers must design an attractive site and find
ways to get consumers to visit the site stay around and come back often.
These sites
corporate ore brand are designed to build customer goodwill, collect customer
feedback and supplement other sales channels rather than to sell the company’s
product directly. They typically offer a rich variety of information and other
features in an effort to answer customer question, build closer customer
relationship and generate excitement about the company or brand.
Believe it or
not these corporate web sites are pulling in more eyeballs and more influences
than flashy prime time TV shows, print magazines and general interest sites. In
corporate and brand web site, visitors are much more likely to influence others
and to recommend brands to them. Creating a web site means, getting people to
visit the site. To attract visitors, companies aggressively promote their
websites in offline print; broadcast advertising through ads and links on other
sites. But today’s web users are quick to abandon and web site that doesn’t
measure up. The key is to create enough value and excitement to get consumers
who come to the site to stick around and come back again. This means that
companies must constantly update their sites to keep them current, fresh and
useful.
For some
types of products, attracting visitors is easy. Consumers buying new product
new cars, computers and financial services will be open to information or
marketing initiatives from sellers. Marketers of lower involvement products
however may face a difficult challenge in attracting web sites visitors. A key
challenge is designing a web site that is attractive on first view and
interesting enough to encourage repeat visitors. Many marketers create
colorful, graphically sophisticated web sites that combine text, sound and
animation. To attract new visitors and to encourage revisits, suggests one
expert online marketer should pay close attention to the seven Cs of effective
web site design.
- Context: the site’s layout and design
- Content: the text, pictures, sound and video
- Community: the ways that the site enables user to user communication
- Customization: the site’s ability to tailor itself to different users or to allow users to personalize the site
- Communication: the ways the site enables site to user, user to site or two way communications
- Connection: the degree that the site is linked to other sites
- Commerce: the site capabilities to enable commercial transactions
Get Online Promotion
As consumers
spend more and more time on the internet, many companies are shifting more of
their marketing dollars to online advertising to build their brands or to
attract visitors to their web sites. Online advertising is becoming a major
medium. The major forms of online medium include display ads, search related
ads and online classifieds. Online display ads might appear anywhere on an
internet user’s screen.
The most common form is banner, banner-shaped ads found at the top, bottom, left, right or center of a web page. With the increase in broadband internet access in every home, many companies are developing exciting new rich media display ads which incorporate animation, video, sound and interactivity. Rich media ads attract and hold consumer’s attention better than traditional ads. They employ techniques such as float, fly and snap back – animation that jump out and sail over the web page before retreating to their original space.
By many rich media ads do more than create a little bit of jumping animation, they also create interactivity. Many of today’s rich media ads provide consumers with product information, a brand experience and even local or online buying options without taking them away from the site they are viewing.
The most common form is banner, banner-shaped ads found at the top, bottom, left, right or center of a web page. With the increase in broadband internet access in every home, many companies are developing exciting new rich media display ads which incorporate animation, video, sound and interactivity. Rich media ads attract and hold consumer’s attention better than traditional ads. They employ techniques such as float, fly and snap back – animation that jump out and sail over the web page before retreating to their original space.
By many rich media ads do more than create a little bit of jumping animation, they also create interactivity. Many of today’s rich media ads provide consumers with product information, a brand experience and even local or online buying options without taking them away from the site they are viewing.
Another hot
growth area for online advertising is search related ads in which text based
ads and link appear alongside search engine results on sites such as a Google
and Yahoo. Other forms of online promotion include content sponsorships,
alliances and affiliate programs and viral advertising. Using content sponsorships,
companies gain name exposure on the internet by sponsoring special content on
various web sites such as news, financial information or special internet topics.
Finally online marketers use viral marketing, the internet version of word of
mouth marketing. Viral marketing involves creating a web site, video, e mail
message or other marketing event that is so infections that customers will want
to pass it along to their friend. One observer describes viral marketing as
addictive, self-propagating advertisement that lives on web sites, blogs, cell
phones, message board and even in real world stunts. Because customers pass the
message or promotion along to others, viral marketing can be very inexpensive.
And when the information comes from a friend, the recipient is much more likely
to open and read it.
Plan (Future Memory) Networks
Marketers who
think bigger is better may want to reconsider, at least when it comes to online
social networks. Although giant networks such as MySpace and Facebook get all
the attention these days, social networks focused on topics as remote as
knitting or bird watching can present marketers with strong targeting
opportunities. The popularity of the internet has resulted in a rash of online
social networks or web communities. Countless independent and commercial web
sites have arisen that given consumers online places to congregate, socialize
and exchange views and information. But participating successfully in existing
online social networks presents challenges.
Marketers can
engage in online communication in two ways, they can participate in existing
web communities or they can set up their own. Joining existing networks seems easiest.
Thus, many major brands like Burger or Honda have set up many pages and
profiles on many online social networks. Although the large online social
networks such as MySpace and Facebook have grabbed most of the headlines, a new
breed of more focused niche networks has recently emerged. These more focused
networks cater to the needs of smaller communities of like-minded people.
Developing e Mail Strategies
E mail is an
important and growing online marketing tool. A recent study of ad, brand and
marketing manager found that nearly half of all the companies surveyed use
e-mail marketing to reach customers. To compete effectively in this ever more
cluttered e-mail environment, marketing are designing enriched e mail messages
include animated, interactive and personalized messages full of streaming audio
and video. Then they are targeting these attention grabbers more carefully to
those who want them and will act upon them.
But there’s
dark side to the growing use of email marketing. The explosion of spam
unsolicited, unwanted commercial e-mail messages that clog up our e mailboxes,
has produced consumer irritation and frustration. According to a one research
company, spam now account for between 80 to 94 percent of all email sent. E
mail marketers walk a fine line between adding value for consumers and being
intrusive. To address the concern, most legitimate marketers now practice
permission based email marketing, sending email pitches only to customers who
opt in.
Online
marketing continues to offer both greater promise and many challenges for the
future. Its most ardent apostles still envision a time when the internet and
online marketing will replace magazines, newspapers and even stores as sources
for information and buying. Most marketers however hold a more realistic view.
To be sure, online marketing will become a successful business model for some
companies. Despite the many challenges, companies large and small are quickly
integrating online marketing into their marketing strategies and mixes. As it
continues to grow, online marketing will prove to be powerful direct marketing
tools for improving sales, communicating company and product information,
delivering products and services and building deeper customer relationships.