Investigating Impacts of Digital Marketing Tools On Cost and Marketing Objectives of Fashion Retailers in The UK Introduction
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Added on 2022-01-24
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Investigating Conceptual Impacts of Digital Marketing Tools On Cost and Marketing Objectives of Fashion Retailers in The UK Introduction As the buyer/seller relationships are continually changing, the role of digital marketing in the UK fashion retail industry is increasing. Until consumers turn to competitive markets, advertisers will be able to predict and forecast fashion patterns such that the apparel marketer becomes a trend setter, and digital media is the best area for consumer acquisition and conversion by means of digital media metrics and optimization, to ensure consumers stay true
Investigating Impacts of Digital Marketing Tools On Cost and Marketing Objectives of Fashion Retailers in The UK Introduction
Added on 2022-01-24
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Investigating Impacts of Digital Marketing Tools On Cost and Marketing Objectives of Fashion Retailers in The UK Introduction As the buyer/seller relationships are continually changing, the role of digital marketing in the UK fashion retail industry is increasing. Online marketing leads, as a modern form in direct marketing, to online contact among sellers and buyers. Background: Ryding et al. (2016) noticed that the fashion industry was created with the advancement of digital media, branding and the creative application of technology in accordance with the new developments in design. Online platforms have been even easier for users as they have convenient exposure to the internet due to the massive progress carried out by today's society. Fashion is a very small product life cycle business that is completely based on evolving patterns, as per Blázquez (2014). Until consumers turn to competitive markets, advertisers will be able to predict and forecast fashion patterns such that the apparel marketer becomes a trend setter, and digital media is the best area for consumer acquisition and conversion by means of digital media metrics and optimization, to ensure consumers stay true to them during the existence. Seminal Literature: Sashi (2012) observed that customers are more conscious of goods, brands or businesses, which allow them to evaluate value for money or purchase costs, with rising internet usage, rising mobile users, quicker digital contact networks, new apps and better connectivity. The advent of digital marketing, which has been a crucial method for fashion retailers to establish contact with consumers, to generate sensibility, to brand awareness and to keep current consumers loyal, has been strongly affected by the global fashion industry (Blázquez, 2014). Numbers of experts who firmly agreed on the beneficial benefits of utilizing digital media to accomplish business goals have explored the role of digital marketing, as noted by Zhang, Dubinsky, & Yong Tan (2011). But there is a lack of significant literature, as observed by Gaur, Sahu, & Singh (2020), that explicitly ties the digital ads to their effect on the fashion retailers' cost efficiency in the UK. The apparel industry is one of the fastest evolving sectors in which patterns tend to evolve every 3-6 months. This makes it particularly necessary for advertisers to adopt a strategic strategy that not only aims to meet brand goals, but also helps to reduce costs (Du, 2019). In
view of these perspectives, an observational analysis is intended to contribute to better comprehension of a range of digital media tools that can be critical to optimize the results of promotions and to build cost advantages for fashion retailers in the UK. Importance of Research: The way corporations are managed and conduct a range of corporate functions has drastically improved systematic technology advancement in the industrial markets through industries. In the world of marketing, digital marketing has proven to be the strongest path to accomplish brand goals over the past decade (Rathnayaka, 2018). International companies have become open to consumers through emerging technology at a simple button. Excessive technology rollout has shifted marketers' emphasis on consumer and business, as advertisers are often more digitally oriented on targeting target markets than waiting for consumers to meet them (Du, 2019). The incremental development of digital marketing is seen as an inflection point in the fashion retail industry with a strong emphasis on interactivity and online content. The apparel retail industry has been recognized as one of the key industries with its significant contribution to GDP development in the UK. The usage of new media has been a standard trend of the manufacturing world in the era of overwhelming technological growth (Ryding et al., 2016). The research proposalwill examine with regard to evaluating empirical data and other non-academic facts the effect of the digital media technologies on the company priorities (cost & market) of the UK fashion retail sector. Aims and Objectives This work aims to empirically examine the expense and marketing goals of UK fashion retailers in relation to the effects of digital marketing technologies. The research objectives are given below: Assessing the value of digital media instruments to increase corporate ability to meet marketing goals. To define the main styles of fashion retail digital marketing platforms in the UK. Establish a connection between digital marketing strategies and fashion retailer cost / marketing goals. To assess challenges for fashion stores in the UK to implement digital marketing strategies. Propose approaches that will help solve the problems found. Importance of these Aims and Objectives: These aims and objectives are useful in a way that they pave a way to the whole research. On the basis of these objectives, it would be easier to develop an idea of the entire research.
Conceptual Framework Literature Review 1. Explain and define digital marketing - what it is, what it consists of, and its effectiveness Digital Marketing Digital communication by social media, and more precisely the Internet, is referred to as communication concepts and techniques. This is a method of utilizing the Internet as a tool to publicize a brand / product. This incorporates both direct marketing approach and indirect marketing components and utilizes a broad range of new technology to link businesses with their future clients. The most creative and fresh trend of the 21st century is digital marketing. Examples such as newsletters, internet ads, pay-per-click notifications, electronic text messages, RSS, tweeting, faxes, video feeds, podcasting, broadcasting and more may well illustrate this. The concept of digital marketing includes all these examples. In addition to the included chart, there is no mainstream marketing that is not included in the word digital marketing. They are TV, internet, written content and advertisement since they are
not the immediate or quick ways of marketing. This implies that the advertiser cannot provide the immediate response from the end users of such types of marketing. The exact number of respondents was not feasible for conventional methods of communication. Maybe with tools like TiVo, which gathers data like the website, a little progress has been accomplished but the intended outcome is not reached(Henninger, 2017).Nevertheless, the advent of digital media rendered that feasible. Digital marketing has been such a strong advertisement network that the planet has come very closely connected to any location by launching Google's "Double Click" approach for Internet. Campaigns to sell some commodity through the Internet have become very economic and easy with the aid of digital marketing. The management's mentality has shifted. They've switched to digital media from conventional advertising(Royle & Laing, 2014) Effectiveness of Digital Marketing New innovations have transformed the interaction between buyers and businesses and 'have undermined the conventional purchase mechanism and the handling of interactions between consumers and corporations'. The benefits and drawbacks of existing and modern platforms must be taken into account when analyzing emerging technology and converted, from the point of view of executives, into performance. The full capacity of online marketing strategies is not being utilized by businesses while they do find it to be successful (Danaher & Rossiter, 2011). However, there are several barriers to calculating brand efficacy owing to a 'multitude of potential efficacy assessment indicators'. The term "effectiveness" in Chaffey (2009) relates to "doing good" and "getting the necessary results from a realistic point of view." In the point of view of advertisers, the five conclusions Kierzkowski et al. (1996) convey the appeal of companies, consumers, consumer engagement programs, business experience and customer interactions. Martins et al. (2016) analyzed that companies will learn how to draw consumers to their website, persuade them to become payers and keep them so that they want to return to their website. Chaffey (2009) notes 'Internet marketing strategies used to achieve market recognition, popularity and favorability targets and to affect the purchasing behavior by motivating new
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