Digital Marketing: Online vs Traditional Marketing
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Added on 2023/01/06
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This report explores the difference between online and traditional marketing, customer touch points and journey, analysis of data generated through digital marketing activities, and how to improve company performance and customer experience. The case study focuses on Netflix, an American technology company.
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 Difference between online and traditional marketing.................................................................3 Customer touch points and journey.............................................................................................4 Analysis of data that is generated through digital marketing activities......................................5 Analysis of data to improve company performance and customer experience...........................5 CONCLUSION................................................................................................................................5 REFERENCES................................................................................................................................7
INTRODUCTION Digital marketing can be defined as the process which involves advertising as well as branding of the products of an organization through internet. The advertising industry across the world has grown considerably over the years with the introduction of social media, websites, m- commerce as well as search engine optimization(Chaffey, 2019). Organization chosen for this report is Netflix, which is an American technology company. It is headquartered in California and was founded by Reed Hastings and Marc Randolph. The report includes an explanation about the differentiation between online as well as traditional marketing. Besides this, there is also an explanation about the customer touch points and analysis of data that is generated through digital marketing activities. MAIN BODY Difference between online and traditional marketing Marketing is an important function within an organisation as it helps in generating awareness about it as well as its products in the market. Marketing mix can be defined as a set of objectives or actions that an organization uses in order to promote its products to the customers and thus, achieve organizational objectives. The same is described below in context of Netflix. Marketing MixTraditional MarketingDigital Marketing ProductIt can be defined as any type of marketingthatisnotdone through online channels. This canincludeprint,broadcast, phoneaswellasoutdoor marketing techniques such as billboards.Thishelpsin attracting a greater number of customers. Netflix uses digital marketing in order to promote itself as well as the services that are offered by it(Chaffey, Smith, and Smith, 2013). The digital marketing strategy of Netflix istomakeefficientuseof various social media platforms to generate awareness among people. PriceTraditional marketing involves an increased level of cost as Ontheotherhand,digital marketingiscomparatively
thereisarequirementof conductingsegmentation, targetting and positioning. less costly because the amount of time as well as cost that is associated with marketing the products and services online is low. And the company is able to provide better experience to its customers. PlaceTraditional marketing is done onvariousplaceslike billboardsin order to attract customers(DePelsmacker, VanTilburg,andHolthof, 2018). Netflix provides its services on its website as well as through itsmobileapplication.The company offers a high level of engagement through different shows and programs. PromotionPromotion is one of the most important components of the marketingmixforthe company because it helps the organisation in attract potential customers. Promotion through traditionalmarketingcanbe done through posters, sample products and newspapers. Oneofthelatestwaysof promotingtheproductsand servicesofacompanyis through various social media platforms.Netflixhasan efficientonlinepresence acrossdifferentsocialmedia platformslikeInstagram, Facebook and Twitter. Apart from this, it also has its own websitethroughwhichit promotes different shows. Customer touch points and journey Netflix is a mass media, technology and entertainment company that primarily focuses on both increasing as well as enhancing the level of user engagement. The company focuses on the different customer touch points in order to provide them with the best possible experience. This
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strategy has helped the company in reaching out to a large number of customers and thus, increase overall customer base. The market in which the company operates is highly competitive and dynamic with a lot of competitors operating in the same segment. The company has focussed on making sure that the user experience is personalised to as much level as possible. In order to build a dedicated audience, the company has focussed on developing and emotional connect with them through content(Tiago, and Veríssimo, 2014).. The level of entertainment that is offered by the company is incredibly broad with a lot of shows in different languages. The company has kept this in mind and made sure that subscribers across different geographic locations enjoy the content provided by the company in the language that they are comfortable with. Analysis of data that is generated through digital marketing activities In today's world, data is considered to be one of the most important things for a company if it is involved in digital marketing. The type as well as quality of data that is offered by a company can have an impact on the pricing, promotions as well as the level of satisfaction among customers. Netflix is a company that offers a wide range of entertainment options for its customers. This strategy has helped it in gaining a high market share as well as maintaining its competitiveness within the industry.As aresult, the company's overall level of profits as well as performance has increased. Netflix is considered to be one of the most competitive companies within the entertainment industry(Smith,2012). The data which is generated through various digital marketing activities help the company in developing an in-depth understanding about its customers as well as their individual preferences. Not only this, the company can also measure its overall performance in the market against competitors. Analysis of data to improve company performance and customer experience In order to improve the overall company performance as well as provide the customers with a lasting and entertaining experience, it is important to analyse the data which is collected through various digital marketing activities. Digital marketing is one of the aspects that the respective company takes into account and has helped it significantly with an increase in the profitability as well as the competitive position. Besides this, the company is also able to make effective decisions in order to make sure that it isable to address the needs of the customers in an effective way.
CONCLUSION From the abovereport, it can be concluded that digital marketing is an important component for organizations across different industries. There are different ways in which a company can market its products, this can include traditional as well as online marketing methods. Besides this, in order to attract a greater level of customers, it is important for a company to understand the needs as well as preferences of the customers in an effective way.
REFERENCES Books & Journals Chaffey, D., 2019.Digital marketing. Pearson UK. Chaffey, D., Smith, P. R. and Smith, P. R., 2013.eMarketing eXcellence: Planning and optimizing your digital marketing. Routledge. De Pelsmacker, P., Van Tilburg, S. and Holthof, C., 2018. Digital marketing strategies, online reviews and hotel performance.International Journal of Hospitality Management.72. pp.47-55. Smith, K. T., 2012. Longitudinal study of digital marketing strategies targeting Millennials. Journal of Consumer Marketing.29(2). pp.86-92. Tiago, M. T. P. M. B. and Veríssimo, J. M. C., 2014. Digital marketing and social media: Why bother?.Business horizons.57(6). pp.703-708.