This report explores the digital marketing strategies used by Netflix to promote its products and improve customer experience. It covers the difference between traditional and digital marketing, customer touch points, data analysis, and measures to improve performance.
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The Digital Landscapes- Netflix 1
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 Difference between Digital and traditional marketing................................................................3 Touch points of customers and Netflix journey of customers....................................................4 Data analysis which is generated through various digital marketing activities..........................5 Data analysis by Netflix in order to improve customer experience and performance................5 CONCLUSION................................................................................................................................6 REFERENCES................................................................................................................................7 2
INTRODUCTION Digital marketing refers to the online marketing efforts of the marketers in order to promote the business (Egol, Peterson and Stroh, 2014). Good examples of digital marketing are email marketing, pay per click advertising, social media marketing as they provide great results to company. It is one of the great platform which companies can use to grow their business. It is one of the easy and cheapest way to promote the products and services of the organisation. This report is based on Netflix. The company was established in the year 1997 by Reed Hastings and they are using various digital marketing channels. The topics covered in the report are difference between traditional and digital marketing, touch points of customers , data analysis and measures to improve their performance. MAIN BODY Difference between Digital and traditional marketing Bases of differenceTraditional MarketingDigital Marketing ProductTraditional marketing involves tangible services and products of the business organisation. In contextofNetflix,they provideservicestoits customers(Page,2015). Moreover they are providing goodqualityservicestoits customer by making features more attractive. The products and services in digital marketing are consider as both tangible and intangible. In context of Netflix, they are usingdifferentiationstrategy topromoteitsservicesby using online platforms. PriceNetflixisprovidingits services across the globe so it becomedifficulttosellthe productsandservicesto customers.Sotheyare focusingonformulating In context of Netflix they are using pricing strategies on the basesofusagethatishave differentpriceforfirsttime users,providefreetrailsto attract new potential customers 3
strategiestoachievedesire results. and provide discount to regular customers. PlaceNetflixisusingtraditional marketingintheprocessof distribution, logistics, etc. Withthehelpofdigital marketing company is able to reachtowiderangeof customers.Theyareselling their products with the use of onlinechannelthatison mobilephones,televisions, etc. PromotionsTraditionalpromotional strategy uses advertisement on radios , television. Magazines and many more. In context of Netflix they are using celebrity promotionalstrategyto promote their products. Netflixisusingdigital methodstopromoteits products that is advertisement onpopularsocialmedia platforms, on popular websites and many more. Touch points of customers and Netflix journey of customers In context of Netflix, it has various customer touch points because the company has evolved from DVD selling to online subscription method (Polanco-Diges and Debasa, 2020). This is due to changing environment and changes in the needs and preferences of customers. Touch points The customer experience is very important in terms of digital marketing as the primary focus of company is to fulfil the needs of customers and satisfy them with their products and services. Netflix originals- Netflix is not providing copied or already existing material to its viewers that is providing new and fresh content to its customers. They have various series and moves in different languages according to preference of its customers in order to provide entertainment and satisfaction to them. 4
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Customer experiences- Netflix track the search history of the viewer and provide more related options to them based on their search quires. Feedback- The company is using feedback approach in order to know what customers are expecting from the Netflix and make changes accordingly in its product. Customer journey Pre-purchase-For the customers who want to use the services of Netflix for the first time need to sign in to the Netflix application with their email id or mobile number. Purchase- Netflix has various set of package for its customers which they can buy on their preferences such as 3 months, 6 months, 1 year subscription with them. Post-purchase-OntimelybasesNetflixrecommendneworpopularseriestoits customers on the bases of their taste (Gutierrez-Leefmans, Nava-Rogel and Trujillo- Leon, 2016). Data analysis which is generated through various digital marketing activities Data is one of the most essential element for Netflix and provides great support in the success of company. The company has strong and experienced employees in its research and development team which work on analysing the data and provide personalised services to its customers on the bases of their search list. Moreover they have good quality content for different age group people and also in different languages. They provide recommendation to its users and also working on technology in order to enhance its services and provide innovative content to its customers. Furthermore they are using various marketing strategies in order to create need for its products such as using social media for promoting its products and to influence customers. They are generating data through their application only as for signing in the customer need to feel bases information such as name, email and mobile number (Malar, 2016). Data analysis by Netflix in order to improve customer experience and performance. Netflix focus on providing good quality services to its customer as it is a customer centric organisation which believes in establishing strong relation with its customers. They develop marketing strategy for its multichannel services and focus on promoting its product by making it innovative and entertaining for its viewers. Moreover by providing various discount options it attract customers such as discount on first time subscription and many more. 5
The customers are preferring Netflix are one of the best channel to utilise their free time as it is delivering high quality services to its customers. By understanding the needs and requirements they are providing good experience to customers. CONCLUSION From the above study it has been concluded that digital marketing has become essential factor in the growth and development of organisation. There are various digital marketing strategies which helps marketers in promotional activities. It is one of the easiest and cheapest way by which company can introduce its products and services in the marketplace and make people aware. With the use of digital platforms company get the customer data and able to provide good services to its customers which lead in customer exp[experience and satisfaction. 6
REFERENCES Books and journal Egol, M., Peterson, M. and Stroh, S., 2014.How to choose the right digital marketing model. Strategy+ Business. Gutierrez-Leefmans, C., Nava-Rogel, R.M. and Trujillo-Leon, M.A., 2016. Digital marketing in an emerging country: Exploratory study of the marketing mix of SMES with trust seal. Revista Brasileira de Marketing.15(2). pp.207-219. Malar, P.J.M.A.J., 2016, March. Innovative digital marketing trends 2016. In2016 International Conference on Electrical, Electronics, and Optimization Techniques (ICEEOT)(pp. 4550-4556). IEEE. Page, K.L., 2015. Digital marketing.Wiley Encyclopedia of Management, pp.1-1. Polanco-Diges, L. and Debasa, F., 2020. The use of Digital Marketing Strategies in the Sharing Economy: A literature Review.Journal of Spatial and Organizational Dynamics.8(3). pp.217-229. 7