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Chapter 11 Marketing On Internet Day 17. Awad –Electronic Commerce 1/e © 2002 Prentice Hall2 Day 17 Agenda Assignment #5 corrected –2 A’s, 5 B’s, 1 C.

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Presentation on theme: "Chapter 11 Marketing On Internet Day 17. Awad –Electronic Commerce 1/e © 2002 Prentice Hall2 Day 17 Agenda Assignment #5 corrected –2 A’s, 5 B’s, 1 C."— Presentation transcript:

1 Chapter 11 Marketing On Internet Day 17

2 Awad –Electronic Commerce 1/e © 2002 Prentice Hall2 Day 17 Agenda Assignment #5 corrected –2 A’s, 5 B’s, 1 C and 1 F Quiz 3 will be on April 6 –Chap 8-12 –15 M/C (60 Points), 4 Short Essay (40 Points) – Extra credit --- What is the derivation of the name “cookie” used by Internet Browsers? Assignment #6 on next slide Start discussion on E-marketing

3 Awad –Electronic Commerce 1/e © 2002 Prentice Hall3 Assignment #6 Only two more to Go! Two to Four page paper on the Pros and Cons on SPAM (mass s not the mystery meat in the can) –12 point typeface double spaced –Cite at least two references (magazines, newspaper or book ~not Web) One pro One con –In conclusion, give your opinion on SPAM –Due March 30 at beginning of class

4 Awad –Electronic Commerce 1/e © 2002 Prentice Hall4 OBJECTIVES Pros & Cons of Online Shopping Internet Marketing Techniques E-Cycle of Internet Marketing Marketing Your Presence Attracting Customers to Site Tracking Customers Marketing on Internet: Objectives

5 Awad –Electronic Commerce 1/e © 2002 Prentice Hall5 ONLINE SHOPPING Pros Sorting through choices Vast product selection Quick comparison of products Cons Experimental information might be necessary –E.g. perfumes, clothes delivery of products might be cumbersome –E.g. lumber Marketing on Internet: Pros & Cons of Online Shopping

6 Awad –Electronic Commerce 1/e © 2002 Prentice Hall6 REASONS FOR GOING ONLINE Establish presence Serve your customers Heighten public awareness Share time-sensitive information –Impact to stock market? Sell goods Answer important questions Marketing on Internet: Pros & Cons of Online Shopping

7 Awad –Electronic Commerce 1/e © 2002 Prentice Hall7 REASONS FOR GOING ONLINE (Cont’d) Stay in touch with field personnel Market at international level Serve at local market Market specialized products Reach the youth market Marketing on Internet: Pros & Cons of Online Shopping

8 Awad –Electronic Commerce 1/e © 2002 Prentice Hall8 INTERNET MARKETING TECHNIQUES Marketing on Internet: Internet Marketing Techniques PASSIVEAGGRESSIVE Pull to Push Continuum Providers of Information Site registered with many search engines Specialized services to users requesting information Specialized to users requesting periodic information Offline Advertising Banner Advertising Targeted s to Past Customers Spam Mail Chain Mail Advertising

9 Awad –Electronic Commerce 1/e © 2002 Prentice Hall9 FORMULA SNI = Consideration Gap X Site-to-Product Affinity Consideration Gap = Price/Purchase Frequency Intensity of pre-purchase deliberation Site-to-Product Affinity =Sales viability + Research intensity + configurability + Service level Ability to deliver online experience correlated to the product/service Marketing on Internet: Internet Marketing Techniques

10 Awad –Electronic Commerce 1/e © 2002 Prentice Hall10 FORMULA (Cont’d) Whereby Price = How expensive the product compared with other household purchase? Purchase frequency = How often does the household purchase the product? Service level = How much customer service does the product need online? Research intensity = How research-intensive is the purchase decision? Configurability = How customizable is the product? Sale viability = How viable are online sales of the product? Marketing on Internet: Internet Marketing Techniques

11 Awad –Electronic Commerce 1/e © 2002 Prentice Hall11 Day 18 Agenda Assignment #6 Due Next Class Quiz 3 will be on April 6 –Chap 8-12 –15 M/C (60 Points), 4 Short Essay (40 Points) – Extra credit --- What is the derivation of the name “cookie” used by Internet Browsers? Assignment #6 on next slide Start discussion on E-marketing

12 Awad –Electronic Commerce 1/e © 2002 Prentice Hall12 Aggressive Marketing Techniques Spam –Assignment question Pop-ups –Between Jan and July billion popup ads appeared on the internet –687 million from Orbitz.com –One billion from X10 WirelessX % reach based on pop-up advertising alone ISP’s make extra revenue blocking Pops-up –(and sometimes by creating them)

13 Awad –Electronic Commerce 1/e © 2002 Prentice Hall13 E-CYCLE OF INTERNET MARKETING Planning Product Pricing Place Promotion Customer Personalization Marketing on Internet: E-Cycle of Internet Marketing

14 Awad –Electronic Commerce 1/e © 2002 Prentice Hall14 BUSINESS PLANNING Business Plan –Written document identifying your business goals & how you will achieve them –Elements Mission / Vision Product Competition Target audience Marketing Sales plan Operation Technology Resources –SBA –SCORE Marketing on Internet: E-Cycle of Internet Marketing

15 Awad –Electronic Commerce 1/e © 2002 Prentice Hall15 PRODUCT & PRICING Product –Emphasize on viability, quality & integrity –Physical vs. Service Pricing –Frequent purchase plans –On-line auctions Marketing on Internet: E-Cycle of Internet Marketing

16 Awad –Electronic Commerce 1/e © 2002 Prentice Hall16 PLACE Exchange of information between businesses and delivery companies Ensure prompt delivery of physical goods to customers Related to fulfillment Internet –A delivery channel for digital products –Cheap, fast, effective –Possibility of tapping / theft of digital data Marketing on Internet: E-Cycle of Internet Marketing

17 Awad –Electronic Commerce 1/e © 2002 Prentice Hall17 PROMOTION AIDA –Attention, interest, desire, and action Get prospective visitors’ attention Create interests in a product Build a desire in the product Banners –Internet ads –Cheap & fit traditional ad-agency formula Marketing on Internet: E-Cycle of Internet Marketing

18 Awad –Electronic Commerce 1/e © 2002 Prentice Hall18 PERSONALIZATION Combination of Promotion & Product For customers to receive personalized information ‘Artificial Intelligence’ incorporated into Internet Marketing Marketing on Internet: E-Cycle of Internet Marketing

19 Awad –Electronic Commerce 1/e © 2002 Prentice Hall19 MARKETING IMPLICATIONS Content Dynamic & Attractive Sites Brands Get to the Point Promotion Online Events Free Giveaways Consistency Marketing on Internet: E-Cycle of Internet Marketing

20 Awad –Electronic Commerce 1/e © 2002 Prentice Hall20 PROMOTING YOUR SITE ON YOUR SITE Begins with domain name Encourage repeat site visits Update site content Share with your visitors any new awards Use promotional giveaways, contests, etc. Marketing on Internet: Marketing Your Presence

21 Awad –Electronic Commerce 1/e © 2002 Prentice Hall21 PROMOTING YOUR SITE ON THE WEB Search engines & directories Stand out from other sites Brainstorm keywords for robot search Ensure the site design is flawless before submitting to search engines Marketing on Internet: Marketing Your Presence

22 Awad –Electronic Commerce 1/e © 2002 Prentice Hall22 PROMOTING YOUR SITE ON THE INTERNET Use s to contact registered customers Use news groups and mailing lists Marketing on Internet: Marketing Your Presence

23 Awad –Electronic Commerce 1/e © 2002 Prentice Hall23 ATTRACTING CUSTOMERS TO SITE Keeping site content current Offering free information or products Offer a free service as a way to entice customers online for B2B Implementing cross-selling strategy Ensuring easy and quick navigation Introducing event marketing Enlisting affiliates Marketing on Internet: Attracting Customers to Site

24 Awad –Electronic Commerce 1/e © 2002 Prentice Hall24 ATTRACTING CUSTOMERS TO SITE (Cont’d) Cultural Differences –How to market to local customers Predicting Buying Behavior –Save time –Young, educated, and wealthier population Marketing on Internet: Attracting Customers to Site

25 Awad –Electronic Commerce 1/e © 2002 Prentice Hall25 PERSONALIZATION Identification Determining buyers’ buying pattern Marketing attractive products How to add personalization –Keywords –Collaborative filtering –Rule-based Marketing on Internet: Attracting Customers to Site

26 Awad –Electronic Commerce 1/e © 2002 Prentice Hall26 TRACKING CUSTOMERS Gathering web data –Log files –Forms –Cookies Persistent vs. Session Clickstream data analysis Role of shop bot –Searches sites to compare prices Marketing on Internet: Tracking Customers


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