Internet Marketing: Strategies and Tools for Success
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This document provides an overview of internet marketing, including the main elements, strategies for increasing sales, e-tools for marketing, and the importance of search engine marketing. It also discusses the use of online communities and the benefits of secondary market research.
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INTRODUCTION Internet marketing also named as online marketing is advertising and marketing efforts which uses Web and email to foster direct sales through electronic commerce along with Web sites or emails. This type of marketing is typically used in conjunction with traditional types of advertising like radio, television, newspapers, and magazines(Roberts, and Zahay 2012). It can be divided into more specialized areas such as Web marketing, email marketing, and social media marketing. This study is done to highlight the working of the internet marketing of Medium Blue Search Engine company . The company is preferring partnership with a small firm which specializes in buying and selling of office furniture systems to improve their websites and conversion rate. The company has an ambitious project which is to triple its sales in the period of two years and increase their exposure on the main search engines (Chaffey, and Ellis-Chadwick, 2012). During the recession period in 2014 the company was aware that it had to be quick in positioning itself on the leaning edge of recovery. So it decided to use the internet to get its name out to the customers. The marketing department has identified that print brochures will not be much versatile as the web sites would be. So the company has decided to make internet marketing a major priority. This report is being prepared on the behalf of e-marketing manager of Blue Search Engine company who will meet the Managing director of Smart Restorations Limited to understand how internet marketing works. TASK 1 1.1 The main elements of internet marketing are as follows- Website- The main elements of internet marketing is website. It consist of images, texts, audio, video and graphics elements in which company product and service information available by used of website (BOX, 2015). It also include equivalent catalog as well as brochures that is a great way to establish a business. E-mail marketing- E-mail is also known as inbound marketing sometimes that include email address and name about the information on products and services. Banner marketing-It is similar of traditional marketing that is used in advertising ads in newspaper , social media etc.. It is a kind of placement of advertisement on website for a fee. Social media marketing-Social media networks is an important part of marketing that include facebook, Twitter, Linkedln etc. 3
Search engine optimization-Once a website is created in proper form of content then after Search engine optimization that is a simple marketing by using website on internet through search engine that include blog title,heading tags and meta description. Blogging-It is a part of marketing by which customer can post comments and their opinions in a forum. This can be complete by post either own blog or by comments. URLs is another type of blog that is related to company products and services (Pan, and Chen 2011). 1.2 Smart Restorations limited use internet marketing mix to increase its sales figure over a two-year period the strategy they use are discussed below- E- product strategies- Customer are more concern when they purchase any product whether they buy them through shop or online. Online products are intangibles in nature where customer cannot touch them. Due to this disadvantages, service users base have increased as per the expectations of company (Fritz, 2013).To increase sales via online and raise customer share, Smart Restorations limited should offer the facility to consumers to share their furniture design ideas with the company so that customized products can be prepared. E-price strategies- Customer buy product online they first compare price of a product withits company's competitor. So, Smart Restorations limited offer best price of furniture to its users other than its competitor. Company should provide online auction facility to its user so they deal best price . Online auction where buyer and seller bidding daily. E-place strategies. Placing a product online is a biggest challenge for every company to sell its products. The challenge for online retailers is that to deliver its products to its user within a limited time. Smart Restorations limited provide online location and advertisements where the customer reach on its website easily (Fan, and Tsai 2010). E-promotion strategies- Promote a product online is a major issue. Smart Restorations limited increase its sales by using various E-promotion strategies such as banner advertisement on another web page so the potential customer can browse. Web public relations is another online promotion it help the company to launch its product and services. 1.3 There are various e-tools used by company to market its products and service via online are discussed below- 1.E-mail marketing– E-mail marketing is a low cost marketing that is used by every company to market its products and services. Accumulating E-mail and maintain is a less 4
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expensive as compared to other marketing e-tool. Advantage of e-mail is that its help to trace a negative as well as positive response of its customer, It also help to deliver a message instant a number of customer at a particular point of time. 2.Social media marketing- Due to limitation of E-mail marketing are Undelivered Email, Overloaded , Email response delay etc. Company use Social media marketing it is a cost - related and easy to access. A large number of information about company's products and service deliver through the use of social media (Christiansen, 2011). A Company can advertise its product on social media like facebook , twitter etc. so the information can reach a numerous number of customers in a short period of time along with the advantages of social media there is some disadvantages too. Social media requires up -to-date on time basis that require time and effort , high cost also needed. Risk is highly involve by using of social media when any bad new about company product spread all over the world and lack of control over them. SEO- Due to disadvantages of social media a company choose another e-tool for marketing its products and service. SEO is a digital marketing method it is a essential part of digital marketing technique. It help and gives guarantee to a company that its website ranks higher along with these attract large number of its customer to company's webpage (Hayter, 2012). 1.4 TopresentabusinessonlineInteractiveOrderprocessingisusedbyanybusiness organisation. The order process involve 4 stages are discussed below- Searching- Customer buy product and service online through browse search engine. Customer choose items according to its needs from catalog at affordable price. Ordering- After choose of any items or service order from catalog customer can place an order from website. Payment- On company's website various payment method is available so the customer can order or pay by choosing suitable payment methods. Payment methods that is available to its customers are online payment such as credit card, ATM card and cash delivery. Delivery-Order is placed and payment is done by customers. A company deliver its products or service and the whole order process is done when customer receive its products or services (Tsai, and Cheng 2012). TASK 2 2.1 Nowadays a internet users are increased day by day and there is also increase in the number 5
of customers who buy online products and services. It is convenient for the consumers when they need a huge information about product and providers related (Gangeshwer, 2013). Search engine marketing is a vital tool for any business marketing plan the main objective is that it help any business website nearest and the top of the search engine ranking. Search engine can be divided into two parts organic and paid are discussed below- Organic search engine Marketing-SEO helps any company's website nearest search engine . It includes variety of techniques are keywords or phrases that help to attract a potential customers, It also involve web content helps a customer doing a little bit effort while search any products or service and pleasant and readable for visitors (Starkov,and Safer, 2010). Another advantage SEO is a design of websites that helps to collect information and increase a search engine optimisation rank. Paidsearch engine Marketing-When there a lot competition in a market its become difficult for the company to sell its product so the company use pay per click advertising it help the company to take at top in a Google search engine. Banner advertised and social media sites like YouTube and Facebook used by company to marketing its products online. 2.2 Nowadays, with the increase in technology the meaning of marketing is now changed itself. Opt-in news letter is a new strategies that is widely used by an organisation for marketing rather than traditional newsletter strategies (Nezamabad, 2011). Smart Restorations limited currently use Opt-in newsletter for marketing its furniture products in the target market and provide awareness information to its customers. Company use these strategies for marketing purpose are as follows:- Dear Valued customers, We are at Smart Restorations limited, thanks for selecting a best Furniture company in UK. It is possible because of your best support to become us successful in UK country. From starting when a business established, we got huge support from you. For the immense support the Smart Restorations limited now becomes a best furniture company in UK in the recent news(Corley II, Jourdan, and Ingram,2013) . For support us we give you a best offer discount for furniture, we are providing you a flat 30% discount offer from 12 December,2016 to 25 March ,2016. You are invited in this discount sales. Thanks for support us and expect the same in future. 2.3 Guidelines are to be followed by any company for public relations are as follows-. Segment various target audience- Fist a marketer evaluate the targeted audience and they 6
divide into various parts according to similar categories. The audience involve in the target market are the prospects, partners, suppliers etc.(Salehi, Mirzaei, Aghaei,and Abyari, 2012) DetermineCustomerInformationsources-Informationisgeneratedbyconduct interviews from the target audience about organisation and industry related information. Build Media source list for each segment- Create and build a list of media outlets for the customer information sources. Review media sources and identity Journalist- Review media outlets and identified appropriate journalist for determine and develop a relationship. Decide an Appropriate time to deliver- A company decide an optimal time to deliver a information about product and services they should avoid the end fiscal quarters or year end. Monitor coverage-Public relations process a critical steps are monitor a websites, blogs and other media outlets. 2.4 The company's online strategy heavily depends on market, business model, and goals. The following are the different types of online communities and how they can be used in the business: Public blogs: The company can build successful online communities on their blogs by producing original content and promoting it across the web (Taylor, and Strutton, 2010). Business of any size, can use blogs for creating an open community of prospects, customers and partners. Public social networks: Social networking sites like Facebook, twitter etc. are great options for marketing business. The cited company can use these marketing channels to reach their markets where they want to be. Public owned online communities: Company can connect with its customers, prospects, fans through public owned or branded online communities. It gives the benefit of ownership of data and rules, to collect useful data during the registration process which can be piped into company's CRM or AMS system, gives power to the company as all the content and discussions in the SEO resides on the company's domain. Private online communities: This is a part of organisation's product strategy. They are combined with the company or association's key products and services to resolve the problems and issues of customers or members and this in turn increases the value of doing business. Hybridonlinecommunities:Thesetypeofcommunitiesmergetheadvantagesand disadvantagesofpubliclyavailablesocialbusinesstoolsoncompany'swebsites.It 7
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simplifies the data transfer to the company's back end customer or member database (Chen, 2011). TASK 3 3.1 Under secondary market research outside information is used which is assembled by government agencies, trade associations or other business organisations within the industry. It is generally published in the form of pamphlets, newsletters, trade publications, magazines and newspapers (Yazdanifard,Venpin, Yusoff,and Islam, 2011). This research will give the following benefits to the cited company:Pave way for primary market research:This is the main role of secondary market research as it provides enough information for asking right questions during primary research.Helps analysing external market environment:It helps to find out the trends in the market and also help with business information and competitive intelligence. If the company is focusing on the analysis of external market then secondary market research is the best option (Peter, and Donnelly, 2011).Helps getting customer information:It provides with the correct customer information which is very beneficial for the business organisation. It helps to define which type of customers to target, gives better insight into customer information.Provides internal analysis:When the company conducts secondary market research it becomes easy for them to find out where does the company stand in the market as well as what does the customers view about their company. Helps in decision making:The most important thing in conducting secondary market research is that the company will have enough information which helps in deciding whether to conduct primary market research or not, what the company is required to do next for making the right decision for the company (Tiago,and Tiago 2012). 3.2 What is your preferences in regard to shopping? Online Physically going to stores How often do you shop ? Once in a week Once in a month Every 2-3 months 8
Once in a year You prefer online medium for shop through? Smart phones Laptops Tablets Television Personal computers Are you satisfied with the quality of goods & services received online? Highly satisfied Satisfied Dissatisfied Highly dissatisfied On the basis of above primary study, it can be said that customers are well focused towards effective use of internet tools. In addition to this, it can be said that majority of customer prefer to buy the products and services from the online sources as compared to outlets (Fawzy, and Dworski 2010.). Once in a month is a key priority of customer in order to have purchase of products and services from online sources. It indicates that the ratio of online shopping and internet marketing is high which enhances the sustainable opportunities. Along with this, it can be said that smart phone use has also advanced in recent years. Through appropriate use of smart phones the management of furniturefirmcaneasilypromotetheproductsandservices.Ithasbeenwitnessedthat consideration of tablets is also high as compared to any other element. Customers are also well satisfied from the company in order to have sustainable opportunities and make sure that goals and objectives are accomplished effectively. 3.3 ECRM is considered as one of most critical aspect for every business firm because it allows to have sustainable development. It has been noticed that with an assistance of this, interaction with members can be taken into account in appropriate manner. In addition to this, it can be said that record about customer service can be well maintained in order to make sure that goals and objectives are being accomplished effectively (Gilmore,and Erdem 2011). Moreover, the direct communication with customer can also be taken into account in order to meet the sustainable development. Customer loyalty ratio can also be advanced effectively through application of E CRM. It is because the level of customer satisfaction is dependent upon the customer service. 9
ECRM allows to make sure that proper action has been taken in respect to the issue registered. With an assistance of this, overall working might be improved in order to have sustainable opportunities.To understand and satisfy needs of customers (Dehkordi, Rezvani, Salehi, Eghtebasi, S. and HasanAbadi 2012), it is necessary for the company to emphasize on providingcustomer- centric and value-added services to its customers in stipulated time. Along with this, the relationship between customer and management can also be improved effectively so that opportunities can be attained in appropriate manner. Changes in product and services can also be made according to customer needs. It means through application of ECRM the customer needs can be understand effectively so that changes can be taken into account for sustainable development. TASK 4 4.1 It is necessary to recognise for the cited company that plans for digital marketing must be consistent with the overall marketing objectives and current marketing efforts of the company. The main stages involved in the process of planning the digital marketing are as follows: 3.Identify target audience: If the company has multiple targets then it should rank them in order of importance so that resources can be allocated accordingly. Each target profile should be maintained and their needs should be understood so that the company can pitch costs and benefits at correct level (Tse, 2013). 4.Set objectives:The possible objectives of the company can be awareness raising of the company, entering new markets, internal efficiency etc. 5.Decide marketing mix:The company can adopt a mix of digital marketing activities which will help in accomplish the objectives and fit with any current traditional marketing activities which are already planned. For outlining the range of digital marketing options, see the guide on hoe to generate business from digital marketing plan. 6.Agree on budget:Careful budgeting will allow the company to prevent costs spiralling out of the control. By identifying the returns expected by the company from the investments made in digital marketing activities, the company can compare these costs for developing a cost benefit analysis. 7.Action planning:To implement the selected digital marketing activities identify the tactics. The planning must cover other non internet marketing activities that are being considered. 8.Measure the success:The company must build feedback and review mechanisms on a regular basis to assess the success of their digital marketing activities as e-commerce is a 10
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very dynamic and rapidly changing area. 4.2 Pay per click is a type of online advertising which is used to increase the number of people visiting the websites. Many businesses have identified the need of a website and therefore spends lot of time and money to build a well structured, designed PPC website. It is a very good method for online advertising to quickly make the cited company's cite visible in the search engines and to start generating traffic to the site. The most common of PPC advertisements are displayed on the search engines above and to the right hand side of the organic results which comes in the reply of the user search (Sinha, Ahuja and Medury 2011). They are specifically labelled as 'Ads' or 'Sponsored results' so that they can be differentiated from the organic listings. PPC advertising is very flexible and fast to set up as compared to other forms of online advertising. But PPC advertising can be very costly. Also bid inflation raises the per click cost for highly searched phrases on consistent basis. This inflation is due to ego based bidding and by the search engines also who impose quality restrictions on many key words. These restrictions increases the cost per click even no one else is bidding. Most of the businesses can't afford to solely depend on this method advertising as it is extremely expensive and the bid amounts inevitable climb. CONCLUSION From the report this is concluded that in the present business scenario internet marketing is the need of the hour. The report discusses about the elements of internet marketing, the internet marketing mix, internet marketing tools that can be used. It also mentions about the mechanics of search engine marketing which has two divisions that are organic search engine and paid search engine, and the ways to use new digital media for the businesses. After this the secondary market research is elaborated along with the outline of internet marketing planning. So this is analysed from this report that in the cited company the role of internet marketing is very significant as it is trying to overcome from the effects of the recession period. For this the internet marketing will be a great option to increase the sales and gain a prominent position in the market as well as the industry. 11
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