Digital Marketing vs Traditional Marketing - Netflix
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This report compares traditional marketing and digital marketing, focusing on Netflix's use of digital marketing strategies. It discusses customer touch points and the effectiveness of data analysis in developing marketing strategies.
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Digital Landscape- Netflix
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TABLE OF CONTENTS INTRODUCTION...........................................................................................................................3 MAIN BOODY...............................................................................................................................3 1: Traditional and Digital Marketing...........................................................................................3 2: Customer touch point...............................................................................................................4 3: Effectiveness of data analysis..................................................................................................5 CONCLUSION................................................................................................................................5 REFERENCES................................................................................................................................1
INTRODUCTION Technological development has changed the way organizations do marketing for advertising their products. In digital marketing advertisement for company’s product or services is done through the means of internet. Netflix is one of well known online service provider which provide movies and web-series through internet to its customers. Evaluation of difference between traditional marketing and digital marketing is done in this report. With that analysis of customertouchpointsandNetflix’sOmnichannelisdoneinthisreport.Analysisof implementation of digital data for developing marketing strategy is done in this report. MAIN BOODY 1: Traditional and Digital Marketing With increase in technological development, it has introduced many innovative ways through which people can communicate with each other. Social media networks are becoming more popular with customers because of their ease in reach and high efficiency. Thus, organizations like Netflix, are also implementing creative advertisements such as digital marketing. In this, advertisementisdonethroughinternetplatforms(DurmazandEfendioglu,2016).This advertisement strategy is much more cost efficient and effective as compared to traditional marketing. In traditional marketing is done through newspapers, pallet papers, radio, etc. Following is the comparison of traditional and digital marketing. Marketing mixTraditional MarketingDigital Marketing ProductHardcopy is achieved One time price has to be paid by customerandhighquality tangible product is achieved for life time without having ads in between. No hardcopy is provided Productisavailabletoonline platform and a scheduled price planhastobeboughtfor maintaining ad free service. PriceComparativelyhigh Product and services are available in form of tangible items therefore high prices are taken with delivery charges. Low price Servicesareprovidedthrough themeansofinternet,so comparativelylesspricesin taken because it is available in
form of soft copy. PlaceGeographical limitations In traditional marketing, services havetobedeliveredvia intermediateswhichhastobe deliveredmanuallyandhas geographiclimitations(Todor, 2016). Notlimitedtogeographic locations Servicesareprovidedvia internetandareinformof softcopy. Therefore, it can be used by customer irrespective of geographic limitations. PromotionAdvertisements are not limited to targeted audience which lead to increment in high customer count andcustomerliteracyisnot required because advertisement is donethroughTVandradio. Traditionalmarketingrequires high cost. Marketing is limited, literate and internetusersinwhich advertisementisalsomade specific for attracting targeting customers.Therefore,less awareness for product is spread. Digital marketing is cheaper and useful because Internet users are increasing in number. 2: Customer touch point Customer touch points are the organizational medium through which customers comes in contact with organizational working and provide their feedbacks of their experienced with the Netflix. It isimportantfororganizationslikeNetflixtohaveaeffectivecommunicationwithits organizationalclientsbecauseiftheorganizationisnotabletoestablishaeffective communication (Kayumovich and Annamuradovna, 2020). Then chases of brand switching for customers will increase resulting a negative impact on Netflix’s organizational growth. Therefore Omni channel is used by organization for establishing an effective communication in which company establishes a bidirectional communication. Such high level of interaction is provided to customers which will provide high level of customer loyalty towards organization. So through Omni channel Netflix takes feedbacks from organizational customers which provide it a better understanding of effectiveness of its marketing strategy. Omni channel provide Netflix provide a better understanding of online market through social media advertisement, this social media
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advertisement allows organization to attract its targeted audience by properly understanding customerrequirements.Thusdigitalmarketingcanalsobeusedforimplementingthe effectiveness of advertisement for achieving this advertisement insides are analysed by Netflix which gives them a better understanding of effectiveness. 3: Effectiveness of data analysis Digitalmarketingisthetrendywayofdoingadvertisementwhichisimplementedby organizations like Netflix for promoting and advertising its services through means of internet. Toincreasetheeffectivenessoforganization,Netflixmustevaluatecustomerspecific requirements so it can provide high level of user experience for maintaining customer loyalty. For achieving this, organization analyse their customer’s activities for evaluating their points of interest (Patrutiu-Baltes, 2016). By analyzing the customer’s choice, Netflix provide them customized user experience which includes the services which is required by the customers for example, if the customers wants to watch a movie of any specific genre, then Netflix will provide them suggestions related to that particular genre from which the user can make their own decision anytime and anywhere in a simple and effective way. Because of such customized user experience the clients are not only attracted but also committed towards the respective platform. This effective experience provides organization an ability to advertise its services through customer side which include mouth to mouth advertisement which is much more effective as compared to others and therefore helps to increase the number of customers to the organization. Increase in the customer count, makes the organization grow faster in such a way by which they gains the ability to provide more services and resources to its users in the best possible way for maintaining as well gaining new customers every time (Zhu, 2019). CONCLUSION From the above analysis it can be evaluated that with changes in market trend and due to technological advancement organizations have to change the way of customer interaction. Thus due to technological limitations organizations must not completely rely in digital marketing. Therefore through a proper mixed marketing structure Netflix would be able to attract a wide range of customers which will empower Netflix to increase its customer count and maintain the loyalty of its existing customers. Through this it would be able to reduce the chances of
customer’s brand switching and can achieve its organizational goals, which will be beneficial for organization.
REFERENCES Books and journals Durmaz,Y.andEfendioglu,I.H.,2016.Travelfromtraditionalmarketingtodigital marketing.Global Journal of Management and Business Research. Kayumovich,K.O.andAnnamuradovna,F.S.,2020.Themainconvenienceofinternet marketing from traditional marketing.Academy. (1 (52)). Patrutiu-Baltes,L.,2016.InboundMarketing-themostimportantdigitalmarketing strategy.Bulletin of the Transilvania University of Brasov. Economic Sciences. Series V.9(2). p.61. Todor, R.D., 2016. Blending traditional and digital marketing.Bulletin of the Transilvania University of Brasov. Economic Sciences. Series V.9(1). p.51. Zhu, G., 2019. The digital sales transformation featured by precise retail marketing strategy. 1