This document discusses the impact of digital marketing on current marketing strategies and explores various strategies used in digital marketing. It also highlights the ethical, legal, and social issues associated with digital marketing.
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Running head: DIGITAL MARKETING DIGITAL MARKETING Name of the Student Name of the Organization Author Note
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1DIGITAL MARKETING In the current situation digital marketing has a huge impact on the current marketing strategies. From my personal experience I have seen that the digital marking has become quite successful in the recent times compared to the traditional type of marketing. The digital marketing concept was not so popular 8 or 10 years ago as the internet was not so advanced on those times. I have seen a huge growth of the internet in some recent years which has given the digital marketing concept a huge boost. Also, the evaluation of internet of things has encouraged the concept of the digital marketing. At the time of web 1.0 the internet web pages were not so attractive, at least to me, which I think the main reason behind that the digital marketing was not so famous at that time. Considering today’s modern websites which runs on web 2.0, I found these more attractive and beautiful and now I love to spending times browsing these beautifully designed websites. I think the other peoples also feels the same like me and it is the main reason behind the success of digital marketing concept. The concept of the digital marketing has various of strategies but for me the best strategy of the digital marketing is the E-business strategy. I personally prefer this strategy because this concept has literally changed the shopping habits of mine. Now I don’t need to spend hour of time just for going to shopping. I can just sit back relax and can order my favorite things using internet. Through internet marketing, communication has become much more interactive, and mainly a two-way path is followed for attracting us to a great extent. We are mostly attracted by several beautiful blogs, groups on Facebook or any fan page. There is a reliable and intelligent connection between the internet of things and the internet of everything.IoT mostly involvesthe physical, or rather conceptsrequired for sharing information among each other and IoE consists of the intelligence of network for binding all the thoughts to a particular cohesive system. We had to act intelligently and shop where we can get the best service, product and probably at the best price essentially. Strategic planning is an
2DIGITAL MARKETING activity related to the management of the organisation which is mainly used for setting priorities having focused energy and resources and making sure that the employees are giving their best towards achieving their common goal (Armstrong et al. 2015). An E-business strategy is essential for any organisation which is conducting their business over the Internet. There are several ways for an online business operator to advertise. Pay per click advertising can be considered as an E-business strategy. On the other hand, e-business marketing works all days in a week, promoting and selling products and attracting us by online advertising. Online marketing site like Amazon.com which are primarily used by us has a good value proposition which is an offer which describes the benefits which the online marketing business sector makes a promise for delivering any product at the right time and in an exceptional manner. The merchant who is the wholesaler of the products may directly reach us and sell them without needing the retailers or even the wholesalers, and he makes money similar to that of the brick and mortar shops by keeping the price negotiable for us (Chaffey and Smith 2013). Brokers can also be called as intermediaries who are responsible for creating markets by bringing sellers and us altogether and facilitate transactions between us. B2C, B2B, C2C and C2B are the four business models. B2B are the business websites that sells the products to some other company. According to me, B2C is the most popular among other models as they sell their products directly to us. Our most favourite Amazon can be taken as an example. We basically can sell our products to some other customers in case of C2C. Our familiar eBay can be taken as an example. C2B is the type of business model which are least widespread and is not generally seen by us. Individuals sell goods to companies by exchanging payment. Performance metrics are the values used by the teams of marketing for measuring and keeping track of the performance of their several campaigns of marketing. For such parameters, we have
3DIGITAL MARKETING good marketing experience. With the help of web analytics, any online marketing website can insight on our behaviours and requirements and also how they are met. Customer lifetime value is the metric which is represented by us provides the total net profit which a particular online business makes from us. It is a projection which estimates our monetary worth to a specific company after valuing the relationship with us over a specific time. Customisation allows us to providing our preferences, and a particular website shows all the materials which are according to that only. As per my view, digital branding is a process of managing a specific brand which combines both digital branding and digital marketing for developing a brand over a range of venues which are digital involving all the applications which are based on devices (Rowles 2014). According to me, brand equity is a definite form which results in benefits financially, allowing any company to demand a premium product price. It is very much essential to develop a strong brand identity so that consumers like us are greatly attracted. We gain a lot of interest by several videos of any particular product. Video marketing is a simple way of promoting a specific brand, product or any service. We are likely to buy a product by considering the purchasing after watching a particular demonstration of the product. We generally prefer an optimised advertising format which comprises of a website which is mobile friendly, relevant content, engaging content and related images. Such sites help in better promotion of their products and thus the number of sales increases resulting in customer acquisition. Customer acquisition is mainly referred to as the gaining of new customers. While I was using my social media account I have also seen that the video marketing has become very much popular in the digitalmarketingconcept.I have seen lotsof video advertisement while I was scrolling through my Facebook account. I think this is one of the best way to reach large number of consumers using the digital marketing concept. Experience of
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4DIGITAL MARKETING shopping using the digital marketing was quite better for me. I accept that the digital marketing is having many benefit to our daily life such as the e-commerce system but this system has various types of ethical, legal and social issues also. As per my opinion one of the main ethical issues in the digital marketing is selling of personal data and I have also suffered due to this. I have personally experienced many spam calls and mails after providing my credentials to different social media sites and e-commerce applications. I was totally unaware about how a spam caller and mailer found my credentials or how he/she get access to it. Later from various articles I understood that it was the social media vendors who were selling my personal data to some third party organizations for the advertisement purposes and it was clearly unethical. Due to that security related issues also arises in the digital marketing environment. Thus from the overall discussion of digital marketing I am quite happy with this concept but the various types of issues that are related with the digital marketing must be mitigated in order the make this thing more accessible and transparent.
5DIGITAL MARKETING References Armstrong, G., Kotler, P., Buchwitz, L.A., Trifts, V. and Gaudet, D., 2015. Marketing: an introduction. Chaffey, D. and Smith, P.R., 2013. eMarketing eXcellence: Planning and optimizing your digital marketing. Routledge. Choudhury, N., 2014. World wide web and its journey from web 1.0 to web 4.0. International Journal of Computer Science and Information Technologies, 5(6), pp.8096-8100. Rowles, D., 2014. Digital branding: a complete step-by-step guide to strategy, tactics and measurement. Kogan Page Publishers. Ryan, D., 2016. Understanding digital marketing: marketing strategies for engaging the digital generation. Kogan Page Publishers. Strauss, J., Frost, R. and Sinha, N., 2014. E-marketing. Upper Saddle River, NJ: Pearson. Yuan, S., Wang, J. and Zhao, X., 2013, August. Real-time bidding for online advertising: measurement and analysis. In Proceedings of the Seventh International Workshop on Data Mining for Online Advertising (p. 3). ACM.