Digital Marketing: Traditional Vs Digital Marketing
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Added on  2023/01/05
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This report compares traditional marketing and digital marketing techniques, focusing on the 4Ps of marketing mix. It discusses the benefits of digital marketing and how Netflix uses digital media tools to enhance performance and customer satisfaction.
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DIGITAL MARKETING 1
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 Traditional Vs Digital Marketing...............................................................................................3 Customer Touchpoints and the Omni channel Customer Journey..............................................4 Uses of data generated through digital marketing by Netflix.....................................................5 Analysis of data to map the journey and improve performance of company.............................5 CONCLUSION................................................................................................................................6 REFERENCES................................................................................................................................7 2
INTRODUCTION Digital marketing refers to marketing of products and services in a way which involves different electronic devices. It is effectively making use of internet, online technologies and different digital media tools(Melović and et. al., 2020). The following report concentrates on digital media tools used by Netflix which is an American technology and media service provider with its headquarter situated in Los Gatos, California. It was founded in 1997 by Reed Hastings and Marc Randolph in California. There are a number of benefits provided by digital media marketing that includes reaching large number of audience at once in the most cost-effective manner. They are also helping businesses to improve their brand recognition and brand value. Along with all this it also drives online sales for businesses. The following report includes a study of digital marketing used by Netflix to enhance their performance and increase customer satisfaction level. MAIN BODY Traditional Vs Digital Marketing Traditional Marketing refers to involvement of various traditional channels to market the product such as printed media, billboards, TV commercials, magazines and so on. Digital media marketing however refers to various digital channels which include advertising through the use of internet such as social media tools, various websites and so on. A comparison of both of these marketing techniques can be done taking into account the 4P's of marketing mix. It will include the products, price, prom,promotion and place. Below mentioned is an effective comparison of both of these: BasisTraditional MarketingDigital Marketing ProductAnumberofproductsare effectivelyusingtraditional mediasuchasnewspapersand magazines.Examplesof perfumescanbetakenwhich providefreesamplesthrough magazines for their consumers. It is often seen that some of the productsandservicesarenow becoming digital and it is preferred byorganisationstousedigital marketing to effectively make these products available to consumers. 3
PriceTraditionalmarketingrequires hugecosts.Therearedifferent toolssuchasbillboards, television etc. that required huge investments by companies using these tools. It is considered that digital media marketing is a cost effective way of marketing. The amount required for digital media marketing is relatively lessthanthatoftraditional marketing. PlaceThe freedom of mobility is not present with traditional marketing (Mogaji, Soetan and Kieu, 2020). As the owner will need to go to printing press in order to get their advertisementprintedin magazines or the newspapers. Digital marketing tools are easy to manage. It is an effective way as social media accounts and websites can be handled through anywhere in the world. PromotionThe commercials that are shown ontelevisionarereachinga number of consumers but there arenowlessconsumersusing these traditional tools. Anumberofconsumerscansee online advertisements as the number of users using Twitter, You Tube, Facebooketc.isincreasing enormously. Customer Touchpoints and the Omni channel Customer Journey The company Netflix focuses on various touchpoints of consumers in order to make sure that they are successfully moved from retailing their DVDs to now streaming videos online for their consumers. Netflix has kept the major touchpoint as the content that is streamed on their channel. It is suitably meeting the requirements and needs of their consumers. One of the other focus of customer touchpoint done by Netflix was to focus on the technological development and changes that are affecting the external environment of the company (Deiss and Henneberry, 2020). While promoting their content they keep in mind the consumer perspective which will help them to effectively choose between various promotional tools available to them. They are developing emotional connect with their consumers which is allowing them to retain consumers for a longer period of time. Company have also successfully used the Big Data that is available 4
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to them about their users. This data is successfully helping them to enhance the customer satisfaction as they are personalising the customer's experience with them. All these are various consumer touch points and the Omni channel customer journey that are used by Netflix in order to bring maximum profitability and satisfaction for their consumers. Uses of data generated through digital marketing by Netflix One of the major aim of Netflix is to make sure that they are making proper use of the data that they are attaining through digital media marketing which will help in accomplishment of tasks of the company(Rossi, 2020). They are providingpersonalised experienceto their customers as they are effectively making use of the information collected from digital media marketing. It helps them to provide their customers with various genres and sub-genres as they are browsing through Netflix. Company have successfully generated aRecommendation system with the help of this data. Analysis of data to map the journey and improve performance of company The customer journey in Netflix started from as the company was launched in 1997. after this company started to provide online streaming from 2007. There were a number of changes 5
brought in company as they started generating income and meeting customer demands. Company went on to expand internationally. In order to meet all the requirements and choices of customers Netflix also started launching their original content which was an essential touchpoint in customer Journey for Netflix.Netflix have used the data available to them in in order to come up with their recommendation system which is helping in improving performance for company and enhancing customer satisfaction as well.\ CONCLUSION With the help of above report importance of digital media marketing for an organisation can be justified. It is the major role of every business to successfully meet all the needs and requirements of their consumers. Digital media is now allowing businesses with a chance to meet all these requirements. Netflix is a huge organisation which is also taking help of digital media and the company uses the data available to provide better experience to their consumers through personalising their offerings according to consumer needs. Customer journey mapping is also done by organisations to understand and retain consumers for a longer period of time achieving all the objectives of business. 6
REFERENCES Books and Journals Deiss, R. and Henneberry, R., 2020.Digital marketing for dummies. John Wiley & Sons. Melović, B. and et. al., 2020. The impact of digital transformation and digital marketing on the brand promotion, positioning and electronic business in Montenegro.Technology in Society, p.101425. Mogaji, E., Soetan, T.O. and Kieu, T.A., 2020. The implications of artificial intelligence on the digital marketing of financial services to vulnerable customers.Australasian Marketing Journal (AMJ). Rossi, N., 2020. Book Review: Netflix Nations: The Geography of Digital Distribution. 7