final internet 1
TRANSCRIPT
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Internet Marketing
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What is internet marketing
The terms Internet marketing, Web-based marketing and interactive
marketing refer to the use of theInternet and related technologies toachieve marketing goals andobjectives.
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Internet marketing
IM gives unique opportunities to create
real-time, traceable interaction withcustomers and prospects, in otherwords it is an excellent medium forRelationship Marketing (RM)
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Internet is used
Travel
26%
Gifts
6%
Books/Music
7%
Other
26%
Computer
Products
35%
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Internet Domains
B2B(Business-to-Business)
B2C(Business-to-Consumer)
C2C(Consumer-to-Consumer)
C2B(Consumer-to-Business)
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B2B(Business-to-Business) B2B refers to inter-enterprise e-Commerce.
When business firms sell their products andservices to other business.
Business buyers often get better prices byusing B2B auction sites, spot exchange,online product catalogue,& other onlineresources.
Many major online enterprises, includingFord, General Electronics & Merck haveinvested millions in web based procurementsystem.
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B2B sites
Amazon.com Plasticnet.com
Solumed.com www.cyberworld-me.com www.businessdubai.com
galaxiacorp.com merant.com cdw.com
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Amazon.com
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B2C(Business-to-Consumer)
Business-to-Consumer e-commerce refersto marketing of products to Consumer
Internet is most useful for B2C productand services when the consumer serviceswhen the consumer seeks the greaterordering convenience, lower cost,information about product features.
It is less useful for the product that must
be touched or examined B2C auctions enabled merchants to offer
products directly to consumers usingauction pricing
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B2C sites
Dell.com Calyx&corolla.com Wine.com Autoemirates.com dailyherald.com cpchurch.org aa.com marriott.com
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B2C………….contd.
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C2C(Consumer to Consumer)
With C2C, consumer are increasingly creatingonline product information, not just consuming it.They join Internet groups and chat rooms to shareinformation, so that “word of Web” “word of mouth” as an important buying influence.
Some C2C sites such as SwapIt, WebSwap,Intellibarter, ExchangeAnything, SwitcHouse, Swap,Lassobucks and others, create virtual “classifieds” and let individuals swap CDs, videos, and other new
or used personal items they no longer want fordifferent things they now need.
Most common e-bay.com
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ebay.com
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C2B(consumer-to-business)
Easier to communicate with companies onthe Web.
Companies invite prospects and customersto e-mail questions,suggestions,and even
complaints. Saves time and money. E.g. consumerwatchdog.org Gizmodo.com Fotolia.com Google Video C2B/Cd.com
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Internet Customer Motivators
There are five major CustomerMotivators:
Better Faster
Cheaper
More Innovative Lower Risk
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ADVANTAGES OF INERNET MARKETING
BENEFITS TO SELLER ACCESS TO ALL MARKETS : With web
marketing a marketer located in any part of the
globe can compete in the market of the wholeworld . HELPS OFFER MANY SERVICES AND PRODUCT
FROM A SINGLE STOP
4. HELPS TARGET THE CUSTOMER INDIVIDUALLY
AND CUSTOMISE THE OFFER5. IMPARTS SPEED TO RESPONSES ,AND SPEED
BECOMES A CUSTOMERS VALUE
6. HELP REDUCE COST
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BENEFITS TO CONSUMER
1 CONVENIENCE : Sitting at home , the consumercan purchase the products and services .He canescape all the hassles involved in conventionalshopping ,which include physical visit to the shop .
2 SEARCH SCOPE AND WIDER OPTIONSAVAILABLE : In conventional shopping ,consumerstop with limited searches . But in internet the optionavailable are high and search is hassle less . Also theconsumer can bargain on the net with a host of sellersand get the best price and terms as the net isinteractive in nature.
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BENEFITS ……contd.
3 CONSUMER CAN GET MORE FOR LESS : Withweb marketing consumer can get more value for theirmoney .The reason being the competitive offers madeby the web marketers .As they know that theconsumer has unlimited options to choose from on thenet.
4 ACCURACY OF INFORMATION : Accuracy of information regarding schemes , discounts andvalidity guarantees are all available and this actuallymakes him to buy more .
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Limitations of Internet Marketing-
1) All products do not lend equally well forinternet marketing
i) Bandwidth Limitationii) Networking Limitation
iii) Infrastructural bottlenecks at the delivery
endCommercial Problems –
Payment problems is one significant element
of commercial problems.
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Limitations……contd.
4) Other Problems-
I) Confidence in the system is low
ii) Problem of hacking.
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Problems Internet MarketingFaced In India
1) Legal/Regulatory Problems-
i) E-documentation not yet legallyadmissible
ii) Absence of taxation law
2) Infrastructure Problems-
i) Low density of telephone, Pcs andInternet
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Marketing on the InternetToday
The Critical Marketing challenge forthe Internet as a special marketingtool is the ability of the Web site totreat each customer type.
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Link to OtherPages
CommercialAlternatives
Self-ServicingContent/Value
UseConventional
Methods
List withSearch Engines
Develop aUnique
Presence
Getting the Customer to YourSite
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Conclusion
As the Internet continues to grow, itwill provide a fertile ground for thedevelopment and deployment of new
technology, ideas, products, andservices.
How well those new technology,ideas, products, and services reachthe customer online is dependent onthe marketing know-how andimplementation of the above.
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Thank you !
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Assignment
Define Channel of Distribution and ItsImportance , Channel Development ,Role of Marketing Channels , VariousChannel levels and the emergence of new Channel systems ?
Time : 1.15 hrs.
Submission in the class itself .