This report explores the marketing strategies of Amazon, one of the largest retailers in the world. It discusses the company's overview, marketing mix, segmentation targeting and positioning, and opportunities created by marketing. It also highlights customer priorities and the importance of technology and emerging markets in marketing.
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MARKETING OPPORTUNITIES
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY..................................................................................................................................3 An overview of company.............................................................................................................3 Aspects in marketing...................................................................................................................5 Opportunities created by marketing.............................................................................................5 Customer priorities......................................................................................................................7 CONCLUSION................................................................................................................................7 REFERENCES................................................................................................................................1
INTRODUCTION Marketing is considered to be one of the most crucial components of every organisation in order to take their service into customers. It is important to make customers known about before getting into the purchase and transactions (Seturi and Urotadze, 2017). Therefore, in order to deal with these aspects marketing place one of the major components that will inherit the properties that are required to be incorporated into the customers. The entire report drink for the concepts of marketing and that's with regards to the company Amazon. Amazon is one of the largest retailers in the world with its most competitive atmosphere and the services that are offered by it are most important to its customers. The marketing strategies in regards to Amazon are explained in this report. MAIN BODY An overview of company Amazon company is regarded as one of the largest retailers in the entire globe. The Amazon company in the beginning started as one of the e-book seller later which is flourished to become one of the best retailers but by providing all household things as well as many others. Starting off as a small conception now it is regarded and referred to as one of the most influential economic lifters in the society. It is also regarded as one of the most valuable brands which carry forward all the tasks that are related to the retailing services. Amazon is also the multinational company and its operations are seemed to be around the globe. The CEO of the company is Jeff Bezos (Naseri and Noruzi, 2018). Segmentation, Targeting and Positioning: Geographicsegmentationthe companymajor segmentation criteria is the region density age group of the people where it targets more than hundred countries along with rural and urban population. The age group that is being mentioned as 14 and above. Through demographic segmentation the Amazon follows segmentation criteria of Gender and life cycle stage where it focuses upon male and female and different stages in the life cycle starting from infant to the old age. Through behavioural segmentation the major segmentation criteria of Amazon is true degree of loyalty benefits and personality of user status for staff through this its targets upon the core values which will reach a wide range through convenience of online purchasing and competitive prices. Through the personality it will also focusupontheeasygoinganddeterminationthatwasfoundbyclients.Physiographic segmentation the segmentation criteria that Amazon follows is to focus upon the social class and
lifestyle of people. In social class the company's major target is to identify the lower class working class middle class and upper class (Dietrich and et.al, 2017). Marketing Mix: Product mix: Amazon contains wide range of products that covers all gadgets as well as the items that are required for the households. The products are said to be delivered in the best possible way to the customers upon the delivery agents who are engrossed in maintaining the service at regular intervals of time. The Amazon product service almost contains books mobile phones gaming consoles clothes gardening equipment and jewellery. The online shopping facility of Amazon provided a search engine that will filter out all the products as well as the services that are to be offered to its customers. Price mix: prices at one of the major concerns for every customer and therefore the company will have to evaluate every pricing strategy in order to bring for this service as possible for even common man. The Amazon services will rely upon its pricing strategies where it contains product that ranges from minimum to maximum price range through filters the customers can get over it. There is also a premium pricing strategy which is most convenient for customers to strive across the prices which are negotiable. Promotion mix: promotional measure for important and are said to be one of the major important criteria in the marketing point of view. Promotions are of different kinds and therefore the ones that are employed by the company Amazon is the commercial television advertisements. The television advertisement will bring about the greatest deals and policy is of the company Amazon and therefore the strategies that are applied in incorporating the means into customers are said to be many (Greco, 2018). The company also uses social media platforms in order to bring out the post that are important to convey office as well as sales through which customers will get to know the aspects that are prevailing in the company. Place mix: places of major criteria for Amazon and useful also determine the competitive advantage of the company. Many people are more habit awaited to the fact that the Amazon operates online and therefore physical stores is of not preferable criteria. Amazon company has a good brand reputation and therefore it services are adopted by people through our and the efforts by the website. Amazon customer service bases are said to be immense and therefore its online presence is applicable to everybody and access is given to all kind such that they can shop easily.
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Aspects in marketing There are different marketing trends that are employed by the company in order to bring across its service to everybody that are pertaining in the global race. Technology: technology is said to be one of the most determining aspects of every business and it is said to be incorporated in almost all the organisations to bring about massive changes. Technology has made things easier and also customers are most liable and using the best out of the lord. The ones that are using technology are said to be more prominent and therefore it is said to be one of the best form that is prevailing and is bringing more competitive advantage nowadays. The technology when adopted by the company Amazon has made it one of the most reliable services and retailing platform to provide goods online. Potential new and emerging markets: lessons to be a great amount of competition that has been achieved by the marketing all over the globe. Whether it be any kind of industry or service the marketing is said to be more competitive and there are different companies that are competing with each other based on their positions (Jenson and et.al, 2020). Every company's value depends upon the ways that are being adopted in the company and that can bring about relevant factors that are necessary to determine a company. In the retailing sector there are different imaging organisations that can compete with Amazon but Amazon being one of the most reputed brand it can never be taken off by other companies. There are different relevant factors that are pertaining in the Industry that will serve the purpose of meeting the needs. The benefits in regards to the service at said to be many. The household things that the retailers will be helpful for the people or customers in order to maintain their stuff. Amazon is involved in carry forwarding he activities related to delivery and it contains the largest e-kart services which are flexible enough to deliver goods on time. Opportunities created by marketing Marketing creates numerous opportunities. marketing is said to be one of the major boon to any organisation because it will take the products into people and therefore increases customer base. The opportunities that are generated by marketing will lead to great chances that can be attained in due course of time. The company Amazon is regarded as one of the largest retailer chain and therefore it is mandatory to employer means and get benefited by marketing. It is not until when the company brings forth the idea of using marketing strategies to implement in the organisation
that it gets to know the benefits. The three important marketing opportunities in this regards are as follows: Reach: it is important to understand the customer base and to which extend the service can be elaborated. There are different measures that can be adopted by the company in today's world where technology has been implemented and different strategies are being there for employed. This will bring about a greater impact upon the organisational customer base and that can also increase the reach. There are different social media networks which can be inherited upon using the measures to incorporate the services into customer. One such measure of marketing is the LinkedIn. LinkedIn is the best source and is also a professional platform in this present era where people from all over the globe are getting connected in no time. It is therefore responsible for creating opportunities that will rise recruitment processes as well as the service based customer base and detail ordering (Marinchak and et.al, 2018). The organisation can use LinkedIn in order to distribute the content that is related to products and services such that many people can get to know about what the company is actually doing and operating. Contextual creation of Idea: it is important to understand the liabilities under which the company can perform its activities. Therefore the context up on creativeideas that can incorporate things that are to be delivered to the customers will have to be first filtered in order to go with the ridiculous amount of budget. Budget allocation is seemed to be one of the hectic as that is to be managed in this present break down. There are different retail associate Amazon being one of the largest retailing services is always incorporating norms and policies that well specifically identify the segments that are to be worked upon. This context will have to be identified in order to move ahead with the opportunities that can be gained upon the audience segmentation. This is regarded to be one of the key considerations for the businesses that are operating in and around the world and that can only be broadened up on creating contact we'll basis that can lower the cost of resources and therefore it can result in creating opportunities to compete with other retailers. Running YouTube platform: YouTube is one of the most prominent platforms nowadays where it can also help in gaining money as well as popularity. YouTube can increase views every now and then by the customer interaction as well as the viewing. Focusing upon the aspects of implementing YouTube it is important to understand the prospects that can be given through the
value generated by posting on YouTube. This can also create opportunities upon expanding its base to other countries and the service can be available to everybody. Customer priorities Every retailing service major goal is to meet the customer demands. In order to meet customer demand it is mandatory to get to know about how far they are being able to use the service and get benefited from. Prove the atrocities that are related to retailing there seems to be different commodities that get benefited while the service is only available to very few. Amazon's presence is of a global level yet there are remote areas which are often not known about the service (Mohr, 2017). Therefore, the company will have to strive across the means to incorporate its values and its presence in remote areas such that even the you can corner of the commodities can get to know about the service and get benefited from at. In other words to meet the customer satisfaction level the company will have to strive across the things like enquiring about their urge to get through the product and their delivery state such that it can be incorporated and can be developed. CONCLUSION The entire report concludes upon highlighting the aspects of marketing and the reports that are generated upon the preview of different marketing techniques that are adopted by the company every now and then. The company that is adopted in this regards as Amazon. Amazon is one of the largest retailer and that is what doing explained in the report. The marketing mix which was one of the finest aspect of every company is portrayed in the report with the essence of amazon's marketing mis which is a 4p model. The report also highlights the segmentation targeting and positioning and different aspects related to the customer priorities such that one can easily understand how far the marketing can bring in opportunities to words growth prospects adaptive measures and the aspects that are created in the marketing are explain with the marketing Trends that is important to determine the state of Amazon company. The three social media aspects that are useful to gain opportunities are being depicted in the report.
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REFERENCES Books and journals Dietrich and et.al, 2017. Segmentation in social marketing (Vol. 1). Singapore: springer. Greco, 2018. The Rule of Persuasion in the Marketing Process. Psychol Behav Sci Int J. 9(5). pp.1-15. Jensonandet.al,2020.Anentrepreneurialmarketingprocessperspectiveoftheroleof intermediaries in producing innovation outcomes. Journal of Business Research. 112. pp.291-299. Marinchak and et.al, 2018. Artificial intelligence: redefining marketing management and the customer experience. International Journal of E-Entrepreneurship and Innovation (IJEEI). 8(2). pp.14-24. Mohr, 2017. Managing buzz marketing in the digital age. Journal of Marketing Development and Competitiveness. 11(2). pp.10-16. Naseri and Noruzi, 2018. Content marketing process model: a meta-synthesis of the literature. Webology. 15(1). pp.8-18. Seturi and Urotadze, 2017. About Marketing Process Model and Relationship Marketing. In ProceedingsofInternationalWorkshop„Model-BasedGovernanceforSmart Organizational Future (pp. 169-171). Online Marketing process: [Online]. Available through: <Marketing Mix | Examples & Definition | InvestingAnswers> 1