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Chapter 19 Internet Marketing
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Electronic Marketing Channel The New BusinessFranchise Find out about products Get answers to questions Leave messages Solve problems Make purchases
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Customer Relationship Marketing on the Internet Opportunitiesfor Customer Relationship MarketingOpportunitiesfor Marketing Profiles of preferences E-mail notifications Customer service Convenient on-line shopping
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Financial Implications Competitive advantage Reduction in expenses Reduced inventory Lower financial barriers to entry Lower financial barriers to entry
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Marketing Research through the Web The Web inMarketingResearch inMarketingResearch Vast information sources for secondary research Vast information sources for secondary research Better primary research Web-based surveys and focus groups Web-based surveys and focus groups Information about competitors
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Advantages of Electronic Publications Information content that is more current The ability to make complex searches Easier access to worldwide information Incorporation of multi-media Lower publication costs
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Internet Marketing Plan Analysis of Internet Marketing Environment Analysis of Internet Marketing Environment Statement of Company’s On-Line Business Strategy Statement of Company’s On-Line Business Strategy Specific Internet Marketing Objectives and Strategies Specific Internet Marketing Objectives and Strategies
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Basic Forms of Virtual Business Business-to-Consumer (B2C) Business-to-Consumer (B2C) Basic Forms of Electronic Commerce Basic Forms of Electronic Commerce Business-to-Business (B2B) Business-to-Business (B2B)
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Internet Demographics and Trends FactorsInfluencingOn-Line Buying Behavior FactorsInfluencingOn-Line Attitude toward technology Income Motivation to use Technology
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Internet Buyer Categories Internet Early Adopters “Mainstreamers” Laggards Internet Demographics and Trends
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Push Strategy Television, Radio, Print Pull Strategy Internet
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The Virtual Community Bulletin Boards Chat Rooms Newsletters Discussion Lists Types of VirtualCommunities VirtualCommunities
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Strategies for Web Success To Survive and Prosper... Sell at a fair price Use promotion Make products readily available Offer customer-driven products
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Examples of Internet Strategies Increase or enhance exposure Improve customer service Provide new products/services Add value to existing products/services Lower overall company costs Create one-to-one customer relationships
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On-Line Positioning Identify the most important target market Identify that market’s on-line need Determine how the company’s Internet presence meets that need Identify how the on-line presence is better than the competition.
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Factors in Internet Marketing Programs FactorsinInternetMarketing Degree of program sophistication Program Magnitude Program Dynamics Prior Internet marketing experience
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The Internet Presence InternetMarketingTechniquesInternetMarketingTechniques E-Mail Corporate Web Site Interactive Web Site
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Uses of Interactive Web Sites Execute Transactions Deliver Electronic Products and Services Collect Demographic and Behavioristic Customer Data Welcome to my Web Site. You are Visitor Number 495,251
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Internet Direct Selling AdvantagesAdvantages Eliminate distribution network complexity Increase customer contact DisadvantagesDisadvantages Need to manage all channel activities
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Internet Shopping vs. Store Shopping For many, Internet shopping is more convenient and less expensive Store shopping provides product “touch and feel” E-tailing changes shopping from entertainment to a functional task
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Internet Marketing Objectives InternetMarketingObjectivesInternetMarketingObjectives Sales Level Repeat Purchase Market Positioning Image Brand Awareness On-Line Market Share
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On-Line Promotion Banner Advertisements Button Advertisements Interstitial Advertisements Untargeted E-Mail Marketing Targeted E-Mail Marketing
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Charging different prices for different channels can be effective if: Pricing on the Internet Channel use behavior is an effective means to segment the market There is a benefit to encourage use of one channel rather than the other
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Evaluating the Outcome Hits Capturing Web Statistics Capturing Web Statistics Page View Site Registration Cookie Technology
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