Digital Marketing: Concept of Marketing Mix and Communication Mix
Verified
Added on 2022/12/26
|11
|2641
|36
AI Summary
This report discusses the concept of marketing mix and communication mix in digital marketing. It explores how social media channels are used as part of a brand or company's communication strategy.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Digital Marketing 1
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Contents INTRODUCTION...........................................................................................................................3 PART 1............................................................................................................................................3 Discuss about the concept of marketing mix with example........................................................3 Describe the key elements of communication mix with example...............................................5 PART 2............................................................................................................................................6 Determine that how Social media channels used to part of brand or company’s communication strategy with example..................................................................................................................6 CONCLUSION................................................................................................................................9 REFERENCES..............................................................................................................................10 2
INTRODUCTION Digital marketing is based on the conceptual termed in which promote the brands to establish a connection with potential consumers by using internet. Sometimes, it is also used differentformsofdigitalcommunication,includingemail,socialmediaandweb-based advertising. This report will discuss about the concept of marketing mix and element of communications mix. These are usually applicable in the business brands and identify its current business performance. Furthermore, it will discuss about the different social media channels used as part of brand, establish a string communication between different individual’s. PART 1 Discuss about the concept of marketing mix with example. Marketing mix is based on the set of actions, tactics that an enterprise uses to promote its brand as well as product in global marketplace. Sometimes, marketing mix should be considered as policy which adopted by manufacturers to get success in the field of marketing. Whenever, an efficient goods are completely matched with market, which has gone. Nowadays, marketing mix will emphasizes the significance or importance of consumer preferences (Balaand Verma, 2018). Different manufacturers would take actions while implementing suitable policies and procedures to get success in marketplace. Marketing mix is one of the important policies in the organization. For Example- in M&S, planning regards of marketing which make use of different marketing related information or data to assess all kind of business situation or condition. Basically, manufacturers analyse the specific nature of potential consumer’s needs and then make plan for his product and also satisfied to their clients. The management of brands have been concerned about the markets, market behavior to determine target groups of potential clients with the help of market information. Additionally, management plan is always supports for identifying the specific consumers need and face any kind of competition. Sometimes, brand needs to be involve a different functions, which are planned carefully, analysis of market to take an important decision prediction. 3
Marketing mix is combination of different elements such as product, distribution system, price, promotional activities. These are basically described a combination of four different elements and also become a most popular in marketplace. Product-itisoneofthefirst elementand mustsatisfytheconsumerneeds.The management is decided to find the product and then produced, by identifying the needs of potential consumers. Product mix is usually combined with physical item, product services and packages (Wang,2020). Price- it is the second element to affect the large volume of sales within specific price or cost. Sometimes, It is also known as price valued placed on the particular item. Moreover, a basic alteration is usually made by manufacturers in order to attract large number of potential consumers. Promotion-brandmustbeundertakenthedifferentpromotionalactivitiessuchas advertising, personal selling and publicity. Thus, it has been established a strong connection with consumer regarding product as well as service. Distribution- physical distribution is based on the delivery aspect of product at right time or place. This element is related to the combination of decision in term of marketing channels, storage, and inventory control and so on. For Example- M&S is based on the retail brand in which used the concept of marketing mix in their business. Therefore, it should consider 4ps as tool used by manager in formulating the marketing plan. In this way, It can easily fulfill all essential need or requirement for consumers. In recent time, consumers needs to be desirable which may change often, because of changes in the business that take place within marketplace (Saura, 2020). Sometimes, an important decision made by M&S on the basis of marketing mix 4ps. Therefore, it provide the better consumer satisfaction level. 4
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Describe the key elements of communication mix with example. Communication mix is kind of method or process used to promote the organization or its products to target potential consumers. A marketing based communication mix is similar as promotional mix, this is because for considerations of all essential elements such as sales promotion, direct marketing, personal selling and public relations. Usually, it boils down to the entire mix of promotional activities, putting some extra efforts to bring more sales and also increases the brand equity. Personal Selling- it is one of the most effective tool or platform for building buyers preferences, actions and convictions. This is one of the oldest method to establish a strong interactionandallowsthemforindividualpeopletofindoutthefeedback,adjustment. Sometimes,a marketercan interactor communicatewithconsumersto providethe full information about product as well as service (Buscaand Bertrandias,2020). An effective personal selling is completely related to the relationship oriented, buyers are becoming more attentive, always represents as long term commitment. At some point, it would be required to use the most expensive promotional tool or platform which always attracts their consumers. For Example- M&S retailer has been used the personal selling so that they can easily text, telephone call to their potential consumers. therefore, it will share all necessary information regarding the product as well as service. Sales Promotion- it is related to the targeted an individual people who are becoming trade or ultimate clients. It make it easier for marketer to use different kind of formats such as contests, premiums and coupons etc. these are majorly attracting the potential clients, afterwards brand will offer as strong purchase incentive, boost sales or production. This type of communication will become consider as effective but short term brand achievement. For Example- tesco can use the official website, smart phone application to promote their product and service in marketplace. Nowadays,manyconsumershavebeenpreferredtousedigitalplatformandcheckall availability of items. in this way, tesco has been increased their business production and sales by using digitalization promotional activities. 5
Public Relation- this is highly credible, believable things in which directly establish a strong relationship with potential consumers. usually, marketers can use different forms to share new stories, new features of particular product, event, offers etc. this is the best way to establish a public relation but it is very important to use a better promotional activities. it often the better way to relate a public relation communication mix into promotional. Public relation approach is inexpensive so that company prefer to select themselves (Pandey,Nayaland Rathore,2020). For Example- Aldi is used the concept of public relation, where they always tried to establish a strong relationship regards of product as well as services. in this way, it can easily develop loyalty, trust among client and organization. That’s why, Aldi give more preference to the public relation while promoting their different product as well as service in marketplace. PART 2 Determine that how Social media channels used to part of brand or company’s communication strategy with example LinkedIn- LinkedIn is based on the social networking website designed for enterprise professionals. It allows them for individual professional to share their work related information of different users. In order to keep list their profile online, establish a connection to achieve a better career options. LinkedIn can perform as social media channel used to part of brand or company’s communication strategy (Melovićand et.al.,2020). Many professional workers are used this type of social media website, create a profile to add work related information, experiences and also mention looking opportunities. This platform will provide the better opportunity for professional workers to check the availability of any job requirements. It became easier to interact or communicate with Human resource Manager. On the other hand, different professional IT companies can find the better candidate through LinkedIn, because different candidate would be shortlisted on the basis of LinkedIn profile. In this way, it can be analysed that LinkedIn consider as collaboration between employers and employees. For Example- Google, Accenture, Infosys (IT companies) are using 6
LinkedIn to find the talent professional workers. In order to provide the better opportunities for professional worker to access more information regarding job opportunity through LinkedIn. Facebook- Facebook is one of the most widely used online tool or platform by individual people. According to the research, it has been identified that 70% of people uses Facebook on regular basis. Moreover, it is also continue to provide the brand and business with greater opportunities for increasing the visibility, when it is implementing Facebook as marketing strategy. Nowadays, the biggest companies are used the Facebook as essential platform in which share or exchange informationaboutthecompanies,productaswellasservices.That’swhy,ithasbeen continuously increasingly the demand of Facebook as social media channel in global world. Whenever, different companies such as Marks & Spencer can uses the Facebook as marketing strategy in order to setup right goals. It will represent the essential roadmap of all necessary reference to measure against the use of Facebook strategy (Dwivedi. and et.al.,2020). This can be established as communication strategy to share all necessary information or data for potential consumers. Facebook is helping to increase quality of sales with targeting the potential clients. Through a well-planned of Facebook related marketing strategy, which is always supports for targeting potential audience with more efficiently. It is the better way to improve brand awareness among consumers, provide the more resources to the audience. Twitter- Twitter is a social media tool or platform so that different users can post regarding particular subject or topic. It is best way to express the feeling of individual by using twitter. Nowadays, there are lot of people use twitter account, famous personality such as Donald trump, Jennifer Lopez. Some of people use twitter for personal reason to establish a connection with close friends while other use twitter for business purpose. In order to establish a network with consumers and future investors. 7
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Twitter is consider as unique social media tool for individual people who can use any way as they like. Most of cases, it is also useful for creating new connections and build a business. In thisway, it has been analysed that companies’ uses twitter for purpose as communication strategy, targeting the potential consumer towards product as well as service. For Example- Tesco is the fastest growing organization, which provide the option of individual consumers to create own twitter account, connect with Tesco community. This is best way to share or exchange essential information through twitter account. On the other hand, twitter may have considered as networking tool which help to connect with other. Different companies are developing a strong brand, getting people to understand and remember the product name along with reaching relevant information. Snapchat- In context of brand and company’s communication strategy, Snapchat business account offers the different set of filters regarding advertisement. This is only targeted the specific audience. It is helping to reach better snapchatters, who are already interacting with business brand, but it is majorly help to reach new audience. For Example- ALDI has been targeted the potential audience through Snapchat, which means that reach the people who might be so much interested in the brand. In order to establish a better coordination or interaction by specific brand to audience (Kannan,2017). The benefits of Snapchat for purpose of enterprise, get an own snapchat business account setup, include all necessary business features, its better way to make time and promote the different services. this is completely behave as promotional activities. Advertise on the Snapchat in different formats, it might have made an effective plan to incorporate their multiple advertising formats. For context business perspective, Snapchat would help for increasing the awareness towards brand and its products. Companies are investing so much time or money in snapchat platform to target the potential audience. This will help for driving a use through website and encourage or motivate towards purchases. 8
CONCLUSION From above discussion, it has been concluded that Digital marketing plays important role in theorganizationinwhichsupportsforestablishingastrongcoordinationwithdifferent consumers, in order to share information regarding product as well as services. It is also used differentformsofdigitalcommunication,includingemail,socialmediaandweb-based advertising. In this report, it has been described about the concept of marketing mix and element of communications mix. Analysis the various kind of social media channels used as part of brand, establish a string communication between different individuals. 9
REFERENCES Book and Journals Bala, M. and Verma, D., 2018. A critical review of digital marketing.M. Bala, D. Verma (2018). A Critical Review of Digital Marketing. International Journal of Management, IT & Engineering.8(10). pp.321-339. Busca, L. and Bertrandias, L., 2020. A Framework for Digital Marketing Research: Investigating the Four Cultural Eras of Digital Marketing.Journal of Interactive Marketing,49, pp.1- 19. Dwivedi, Y.K. and et.al., 2020. Editorial introduction: Advances in theory and practice of digital marketing. Kannan, P.K., 2017. Digital marketing: A framework, review and research agenda.International Journal of Research in Marketing.34(1). pp.22-45. 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.63. p.101425. Pandey, N., Nayal, P. and Rathore, A.S., 2020. Digital marketing for B2B organizations: structuredliteraturereviewandfutureresearchdirections.JournalofBusiness& Industrial Marketing. Saura,J.R.,2020.UsingDataSciencesinDigitalMarketing:Framework,methods,and performance metrics.Journal of Innovation & Knowledge. Wang,F.,2020.Digitalmarketingcapabilitiesininternationalfirms:arelational perspective.International Marketing Review. 10
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser