Role of Internet Marketing on Business Operations of Businesses
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This research project discusses the role of internet marketing in the fashion industry, with a focus on Next Plc. It covers the advantages and disadvantages of internet marketing, challenges faced by Next Plc, and strategies for decreasing these challenges.
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TABLE OF CONTENT TITLE:ROLEOFINTERNETMARKETINGONBUSINESSOPERATIONSOF BUSINESSES..................................................................................................................................4 INTRODUCTION...........................................................................................................................4 Background of the study..............................................................................................................4 Aim and objectives......................................................................................................................4 Rationale......................................................................................................................................5 LITERATURE REVIEW................................................................................................................5 Roles of internet marketing.........................................................................................................5 Critical impacts of internet marketing on growth of Next Plc.....................................................6 Challenges of internet marketing and strategies for decreasing challenges................................7 RESEARCH METHODOLOGY....................................................................................................8 RESULTS......................................................................................................................................10 Concepts of internet marketing at fashion industry...................................................................10 Impacts of internet marketing on growth of organization.........................................................11 Various issues of internet marketing and strategies for decreasing challenges.........................12 DISCUSSION................................................................................................................................13 CONCLUSION..............................................................................................................................14 RECOMMENDATIONS...............................................................................................................15 REFERENCES..............................................................................................................................16
TITLE:ROLE OF INTERNET MARKETING ON BUSINESS OPERATIONS OF BUSINESSES. INTRODUCTION Internet marketing refers process of performing marketing functions by making use of online tools only (Grubor and Jakša, 2018). Internet marketing plays a vital role as it helps companies in attracting customers, providing qualitative and 24*7 services to customers. Internet marketing decrease cost and time of both customers and businesses.E-mail marketing, search engine optimisation, Chabot marketing and social media marketing are some examples of internet marketing. Some advantages that fashion industry can take by marketing or promoting itsproductsviaonlinetoolsinclude:increasingcustomers’attractionrate,improving performance, improving relationships and global reach to people. Background of the study Internet marketing refers strategies that are being used for promotion and marketing of products via online or internet. This present study is based on Next Plc that is a British multinational clothing, home products and foot wear retailer. It provides its fashionable clothing and foot wear to people of UK, Europe, Asia and Middle East. This present study is going to discuss roles of internet marketing and advantages that fashion industry including Next Plc can take by making use of internet marketing. Further, it will discuss some effective ways or strategies of internet marketing that can be used by fashion industry in order to expand business and improving business operations. Research methodology including, data collection, research strategy, data analysing also plays a vital role. This study will discuss all these elements in a detailed manner in order to know ways in which it can make researchers able in accomplishing research aim. Aim and objectives Aim:The aim of conducting this research study is “To identify roles of internet marketing in fashion industry” Study on Next Plc, United Kingdom. Objectives To understand role of internet marketing in the firm To identify positive and negative impacts of internet marketing on growth and expansion of business.
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To analyse strategies and challenges, faced by company while making use of internet marketing for attracting customers. To suggest best methods that Next Plc can use for expansion and growth of its business operations Research questions 1.What are some main roles of internet marketing? 2.How can internet marketing can impact on Next Plc? 3.What challenges does Next Plc face while operating business? 4.Which internet marketing strategies should Next Plc use to expand its business and improving business operations? Rationale One of the main reason of selecting this topic is to help fashion industry in improving their performance as well as satisfying customers by making use of effective internet marketing strategies (Bala and Verma, 2018). Technology is the main factor that has changed the world to the great extent and it is one of the hot topics that can increase our knowledge regarding internet marketing. So, increasing knowledge and knowing all about internet marketing, accomplishing goals by making use of internet marketing strategies, this research topic has been selected. LITERATURE REVIEW Roles of internet marketing According to theSuppatvech, Godsell and Day, (2019) internet marketing plays a vital role as it is making able for businesses to experience or increase higher revenue. When businesses make use of appropriate and right internet marketing strategies then it makes them able in promoting their products and to reach globally with decreased cost and time as well. In addition, they also said that marketing is all about a way to grab attention of customers and making them aware about effectiveness of products and when companies perform all marketing activities via online channels then they find easier in solving customers’ query and providing them qualitative features of products in an effective manner. Mandal,(2018)arguedandsaidthatinternetmarketingmakescompaniesablein improving their relations with customers. With traditional methods also, companies can promote their products but this digital way of internet improves their relations. via online platforms and
internet, employees find easier in contacting or communicating with customers and they can be available 24*7. In traditional ways like face to face marketing and newspaper advertisement, it is not possible for marketer to connect with customers anywhere and 24*7. So, according to them, it is one of the main role that internet marketing plays nowadays. Fantin, (2018)supported this above view and said that internet marketing or online platforms allow marketers in getting customers; feedbacks regarding their products. By getting online feedbacks, marketers or employees can know as where they are lacking behind and as per the comments, given by customers, they can make changes in their products and can increase customers’ satisfaction.When customersfind changes in products, services and ways of marketing as per their feedback comments then it makes them feel valued. They believe that companies take care of their views and it makes them loyal towards business and they are more likely to stay with business. It can be said that it can increase customers’ retention rate as well as satisfaction rate that is vital for fashion industry. So, all are these main roles of internet marketing. Critical impacts of internet marketing on growth of Next Plc There are number of positive impacts that internet marketing can have on growth as well as development of business of Next Plc. In regard to positive impacts,Dilham, Sofiyah and Muda, (2018) stated that internet marketing can make this fashion retailer able to reach globally and attractingnumber of customers. By making use of socialmedia and other online tools, companies can attract customers and can communicate with them any time whenever they want. So, in this context, it can be said that global reach and increasing sale, revenue is one of the main positive impact that internet marketing can have on Next Plc. Buchanan and et.al., (2018) contradicted and said that internet marketing has some negative impacts or it has some limitations that can create barriers in successful business operations. One of the main negative impact of internet marketing is: negative feedback, given by customers. Most of the companies allow their customers to give feedbacks on the basis of their experience and due to changing needs of customers, they give some negative reviews. It has negative impacts on new customers, who have visited company’s site for the first time in order to make buying decision. When they read negative comments, then it changes their buying decision. So, in this context, it can be said that internet marketing can affect image of this retailer and can create barriers in accomplishing goals.
Liu and et.al., (2020) argued above view and said that customers’ give negative feedbacks only when company does not consider their views otherwise, it may have great impact on customers.Inaddition,theyalsosaidthatinternetmarketingcanincreasecustomers’ engagement because companies try to communicate and interact with them whenever their customers need them and provide them updated information by uploading images on social media and selected online tools. It makes easier for customers as it saves their time. They do not need to visit offline shops for getting information as on the basis of updated information, provided on social media and other tools, they can visit shop and can make buying decision accordingly. Setiawan and et.al., (2018) stated that as per them, internet marketing increase security challenge and it is negative impact that can affect image of Next Plc. As there are number of fake online websites that grab attention of people by decreasing prices of products and it is the way of influencing customers. People who do not have much knowledge as how to identify different between fake and real website of company, they buy products and when they do not receive their products then it affects their trust. So, on this basis, it can be said that there are some limitations of internet marketing. Challenges of internet marketing and strategies for decreasing challenges As per the view ofMohan and Ali, (2019) one of the main challenge of internet marketing that Next Plc. face is: poor brand image of company due to negative feedbacks, given by customers. It can affect image of this retailer and can create barriers in taking advantages of external opportunities. In addition, they also said that high competition is one of the other challenge as now a day’s number of companies are making use of online tools for promoting or marketingtheirproductsandservices.Itcanalsocreatebarriersintakingcompetitive advantages. Overall, it can be said that making use of internet marketing is not an easier task. Saura, (2021) contradicted and said that there are number of ways by which this retailer can solve all these problems. One of the main strategy is: awareness program. This retailer can make their customers aware about its official website and can make them able by which they can differentiate between fake and real website. Along with this, fashion retailer can communicate with customers and can tell them that it allows customers by which they can share their views and on the basis of negative views or comments, it will try to improve services so, it can help
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customers in making effective buying decision and they can protect themselves against security and fake sites threats. RESEARCH METHODOLOGY Researchstrategy:Thereare2typesofresearchstrategysuchasqualitativeand quantitative. Both of these strategies refers the form in which data needs to be collected. Selection of research strategy depends on the scope of research topic and the nature of research topic. When researcher focuses on gathering data in feelings or tactual form then this type of data or study can be known as qualitative (Shin and et.al., 2018). Whereas, when data are being collected in numerical form then this type of research can be known as quantitative research. As the main aim of this research study is knowing tole of internet marketing and it has wide scope and for that researcher will required having facts and actual information so, qualitative study has been conducted. It has helped researcher in knowing about internet marketing by observing or focusing on textual information. Research approach:Research approach is also being divided into 2 types such as inductive and deductive. Inductive research approach is the one in which researchers generates a brand new theory rather observing an existing theory. Whereas, deductive is the one in which researcher focuses on an existing theory and by observing and critical analysis of an existing theory, they make decision regarding research topic. As this study is qualitative, so, researcher has made use of inductive research approach because inductive is associated with qualitative research study (Stepashko, 2017). Other main reason of selecting this research approach is increasing knowledge and skills as well. It is believed that when researcher conduct a brand new theory as per his own then he tries to identify new things that increases his knowledge regarding research topic. Research philosophy:It is belief regarding ways in which researcher can collect as well as analyse data in an effective manner. Interpretivism and positivism are 2 research philosophies. Interpretivism researchers believe that individuals in society play a vital role as they are the one who can influence societies behaviour. Whereas, in positivism philosophy, it is believed that societies lead or shape behaviours of individuals. As it is qualitative study, so, researcher has
selected interpretivism and by observing individuals, some facts about internet marketing has been known. Data collection:One of the main thing on which success of research study relies is accurate and reliable data and data can be collected after selecting the type as well as sources of data collection. There are 2 types of data collection such as: primary and secondary. Primary is all about brand new data that are not published before on internet sites and are being collected by researcher for the very first time. Whereas, secondary is all about second hand data because such data are published on some sites. When researchers conduct research studies and make their data available on sites for making easier access then it is known as secondary data collection. For this research study, both primary and secondary data are being collected in order to better understand topic and accomplishing goals in an effective manner. Data analysis:As it is already known that data plays a vital role in conducting research study and making it successful. But some data that are being collected by researchers from secondary sources may have some inaccuracy and for making it accurate as well as reliable, researchers require following data analysis step in research methodology. It is a process of making collected data accurate and effective. Qualitative and quantitative are 2 types of data analysis (Hamilton and Finley, 2019). When research study is qualitative then researcher makes use of qualitative data analysis tools and for analysing quantitative research of numerical data, quantitative data analysis tools are being used. As this study is qualitative, so, with thematic analysis tool, researcher has analysed non-numerical data. Sample:Sample referstarget people or participants who are being selected by researcher in order to collect primary data. This step is being followed only when researcher collects primary data because for collection of primary data, researcher requires participants that are known as sample. A procedure that is being followed for selecting sample is known as sampling that is being categorised into 2 types such as random and non-random. Random sampling is a process in which sample are being selected randomly without any selection criteria. Whereas, non-random is a process in which, samples are being targeted on the basis of specific criteria. For promoting diversity as well as making target people feel valued, random sampling method has been used and 30 employees of Next Plc has been selected. Ethical considerations:Ethics is a system of moral principles that help people in knowing what is wrong and what is right. On the basis of this difference, they find easier in making
decision and on this basis, it can be said that for researcher also, it is important to consider ethics while conducting research study (Bain, 2017). There are some ethics that has been considered by researcher for making this study successful such as: To provide equal and fair opportunity to sample or participant. To select primary data collection sources that are no longer old than 5 years. To provide accurate information only to stakeholders. To maintain confidentiality by protecting personal and professional data and not sharing them with others. RESULTS Concepts of internet marketing at fashion industry Web advertising assumes a fundamental part as it is making capable for organizations to experience or increment higher income. At the point when organizations utilize proper and right web advertising methodologies then it makes them capable in elevating their items and to reach all around the world with diminished expense and time (Gaudenzi,Molaand Rossignoli,2021). Furthermore, they additionally said that advertising is about a method for commanding notice of clients and making them mindful with regards to viability of items and when organizations play out all promoting exercises by means of online channels then they track down simpler in settling clients question and giving them subjective elements of items in a compelling way. Figure1Digital marketing trends 2021-22 Web showcasing makes organizations capable in working on their relations with clients. With customary strategies additionally, organizations can advance their items however this computerized method of web works on their relations. By means of online stages and web, workers find simpler in reaching or speaking with clients and they can be accessible every time.
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In conventional ways like up close and personal promoting and paper notice, it isn't workable for advertiser to interface with clients anyplace and working on given time. This have been seems that 89% of the people usually prefer the internet marketing app for which they can easily buy their products with having some discount (Kengeand Khan,2021). As well as this could also create the direct communication with them in buying any products and services. While by creating the websites this could keep the custom audience with using the various social media sources. Impacts of internet marketing on growth of organization Web showcasing or online stages permit advertisers in getting clients, criticisms with respect to their items. By getting on the web criticisms, advertisers or representatives can know as where they are missing behind and according to the remarks, given by clients, they can make changes in their items and can expand clients' completion. At the point when clients track down changes in items, administrations and methods of promoting according to their input remarks then it causes them to feel esteemed (Krishen and et.al., 2021). They accept that organizations deal with their perspectives and it makes them faithful towards business and they are bound to remain with business. One might say that it can expand clients' standard for dependability just as rate that is imperative for style industry. Thus, all are these principle jobs of web promoting and keep those effective manner. Figure2How Digital marketing is changing By utilizing web-based media and other web-based instruments, organizations can draw in clients and can speak with them any time at whatever point they need. Thus, in this unique situation, one might say that worldwide reach and expanding deal, income is one of the vitally
certain effect that web advertising through using by organization. Web advertising has some adverse consequences or it has a few constraints that can make obstructions in fruitful business activities (Shahand Murthi,2021). One of the really adverse consequence of web showcasing is: negative input, given by clients. The vast majority of the organizations permit their clients to give criticisms based on their experience and because of changing necessities of clients, they give some regrettable surveys. It contrarily affects new clients, who have visited organization's site without precedent for request to settle on purchasing choice. Figure3Digital marketing trends Various issues of internet marketing and strategies for decreasing challenges Figure4Biggest challenges facing online marketing At the point when they read negative remarks, then, at that point, it changes their purchasing choice. Thus, in this specific circumstance, one might say that web promoting can influence picture of this retailer and can make hindrances in achieving objectives. there are number of ways by which this retailer can solve all these problems (Politowski and et.al., 2021). One of the main strategy is: awareness program. This retailer can make their customers aware
about its official website and can make them able by which they can differentiate between fake and real website. Figure5Challenges of fashion online stores facing Along with this, fashion retailer can communicate with customers and can tell them that it allows customers by which they can share their views and on the basis of negative views or comments, it will try to improve services so, it can help customers in making effective buying decision and they can protect themselves against security and fake sites threats (Dwivedi and et.al., 2021). While this could be seems that fashion industry is also facing the high issues and make sure for having some better impacts. This led them for working with some more better growth and preparing more about the strategies and make sure for having some better outcomes. DISCUSSION While this could be seems that internet marketing which seems to be attract the customer from the products and services. Along with this could led them for working and make sure for being taking their high estimation about how usually they can work. The internet marketing that could led the fashion industry for which the proper estimation and keep them for working for which the customer can get more benefits. This might be also internet marketing which could work the main role for the fashion industry and many other retailing industry. Fashion trends are not just one or two kinds as this can be trends dominating fashion make resources. Therefore, the driving behind more about high fashion sales with right now and self-expression elements that could work consumer can gain from the digital world. Internet marketing that could basically describe about how the business can work with having communication are important, but consumer are being more attached with having more fashion stores and appearing more online interaction. While many of the business for the fashion
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that have been taken place for working with many new things and make sure for having more growth through having business online. However, a good social media that could play the role presence in exceptionally important as when it come from the talk about the fashion industry. Luxury fashion to grow, clothing brands have also refused for enter with having some proper strategies and make sure for having their e-commerce world. For the long term clothing brands that could work online rather than working as offline stores. As online stores that could create more high estimation for them and make sure for having more high attraction with their online products. Social media and influence continue to rule out the fashion industry, this have been discuss about the results and also come to know how usually they have to work. As working with proper communication and current fashion lists this could also include many more things. While this have been notice that from the results the high growth have been taken as pre and post pandemic is internet marketing. Through which this could be also seems that due to having the proper growth and this might play the important role and keep growth for the organization. CONCLUSION From the above research it had been concluded that, internet marketing aim and objective and states more about the main purpose of the selecting the topics. While in literature review this have been seems that how internet marketing and various other concepts that could help the organization for growth and development. While this could include many things about for which the various authors views and thoughts have been shared. While this could make sure for having proper research methodology in which this could be seems that scholar have selected the secondary research for making research. This might be important for knowing about how they have to work and keep the research for working more. Along with this could also seems that fashion brands because this could work as digital and also achieving the high segments of work. While this have been also found more effective ways for which the marketing offers more high sources and keep them for working with some proper strategies. Moreover, research also discussed about the data for which the secondary methods have been used and this could make more working for which the scholar have collected with relevant websites.
RECOMMENDATIONS The organization that could work for having the proper growth and developments they have to work within using some of the strategies. This might be using the various form of social media through which various people and many young people come to know about new concepts of fashion brands. This could also make them for working and creating about their brands image for which the profits that can be increased and creating more new effective thing. As the organization can also use some of the interactive channels of mass communication through which they can easily work. Along with this also creating more high implication about their digital concepts and creating more high thing about those effective manner. This might be play the role for which the effective things and including more about their growth and developing some of the platform for attraction of customer. Also, offering more new techniques for attraction of new customer information about brands and fashion with keeping their loyal customer. Internet marketing which play the role for keeping the general information about the some new product and services through which this could be more easier for the organization and customer for knowing about something's new.
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