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Online Promotion
I believe that online marketing is an effective tool in 2014. There are several reasons for this. The first is that as a marketer you have to go where the eyeballs are. Exposure is important, and people today spent hours every day on their computers, tablets and smartphones. There are ample advertising and promotion opportunities with these media, so there no excuse for having a presence online. The reach is incredible, too much to pass up.
The second reason is that online marketing is data-driven. This means that it is easier to hit target markets than older forms of media. Even niche products can gain exposure to their target market. Remember that all advertising has a target market, but you pay for a certain level of exposure. This means that there is always some spillover, where your advertising is reaching an audience that is not part of the target audience. With online marketing, you get close to your target, which means that your marketing dollars are...
Online marketing does this through the use of massive data sets, even greater than what you see with other media forms. This efficiency is important for marketers working on a budget.
Another benefit of online marketing is that social media market is a different form of marketing from the typical model where advertising is a one-way communication from company to market. Social media represents a two-way dialogue with customers. This allows for different types of marketing to take place, which can be powerful. In additional social media is a form of marketing where the company controls the costs, and the costs are generally low. Even with online advertising, the company is basically a price taker with limited bargaining power, but social media is generated by the company and consumers volunteer to receive communications from the company.
There are a number of online channels available for marketing, but whether any deliver competitive advantage is a…
Another advantage of online marketing is that smaller merchants have a platform from which to sell their goods via online affiliate relationships. In terms of human contact, the only missing element is physically seeing and shaking hands with merchants and customers. This element however does not necessarily constitute a better or even more personal relationship. The reason for this is that the online environment often inspires a more open relationships
Marketing Competitive Advantage through Online promotion The online environment provides a rich environment for marketing. Marketing is likely to be seen whenever someone goes online; search engines operate with sponsored results at the top, and/or advertisements at the side of the page and many web cites will have advertisements embedded in their pages. Online marketing can also be seen in some less obvious formats such as marketing though maintaining a presence on
References Black, G.S. (2005). Is eBay for everyone? An assessment of consumer demographics. SAM Advanced Management Journal, 70(1), 50-51. Accessed from Questia.com at http:// www.questia.com/read/5009563642?title=Is%20eBay%20for%20Everyone%3f%20an% Assessment%20of%20Consumer%20Demographics. Calvert, S.L. (2008). Children as consumers: Advertising and marketing. The Future of Children, 18(1), 205-206. Accessed from Questia.com at http://www.questia.com / read/5027351357?title=Children%20as%20Consumers%3a%20Advertising%20and%20 Marketing. Hagel, J. & Armstrong, a.G. (1999). Expanding markets through virtual communities. The McKinsey Quarterly, 1, 140-141. Accessed from Questia.com at http://www.questia.com / read/5000569332?title=Net%20Gain%3a%20Expanding%20Markets%20through%20Vir tual%20Communities. Parrish, D.A. (1999, August). Technology for
The difference in country's economic condition makes Coca Cola to fix difference prices for the same product across different countries. 3.2: Integrating Pricing strategy with branding strategy ATC will use a unique brand position to ensure that customer accept prices fixed for its product and services, and the company will use differentiation strategy to make customer accept the prices fixed for its product. By creating a strong brand position, ATC will
Strategic Approach to Marketing Communications When undertaking any business activity, it is important to have a strategic plan. A strategic plan will offer a guideline on the way specific activity should be approached. It will enable the staff, management, and the stakeholders to assess the level of achievement in the organization. The results obtained will be compared with the projections estimated in the strategic plan. Marketing communication is an important aspect
Online Business Expansion Plan: Hot Dragon Viability of Product or Service Hot Dragon is a company that provides spicy mustard and hot sauces of various types. The company is going to start offering its hot sauces and spicy mustard online, so it can be directly shipped to customers. That will be more convenient for those customers, since they will not need to be concerned with heading out to a store to buy