Impact of E-Marketing The student will be able to... Define e-marketing Explain how e-marketing is similar to and different from traditional marketing.

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Presentation transcript:

Impact of E-Marketing The student will be able to... Define e-marketing Explain how e-marketing is similar to and different from traditional marketing Explore how e-marketing can increase a business’ revenues

Define E-Marketing Internet marketing (or e-marketing) is the practice of using all facets of internet advertising to generate a response from your audience. It ties together both the creative and technical aspects of the internet including design, development, advertising and marketing. Internet Marketing methods include search engine marketing, display advertising, marketing, affiliate marketing, and interactive advertising.

E-Marketing is... Search Engine Marketing, or SEM, is a form of Internet marketing that seeks to promote websites by increasing their visibility in the search engine results pages (SERPs). In 2006, North American advertisers spent US$9.4 billion on search engine marketing, a 62% increase over the prior year. The largest SEM vendors are Google AdWords, Yahoo! Search Marketing and Microsoft adCenter.

E-Marketing is... Display Advertising, which is a web banner or banner ad. This form of online advertising entails embedding an advertisement into a web page. It is intended to attract traffic to a website by linking them to the web site of the advertiser.

E-Marketing is... marketing is a form of direct marketing which uses electronic mail as a means of communicating commercial or fundraising messages to an audience. Researchers estimate that US firms alone spent $400 million on marketing in Every sent to a potential or current customer can be considered marketing. However, the term is usually used to refer to: –enhancing the relationship of a merchant with its current or old customers and to encourage customer loyalty and repeat business. –acquiring new customers or convincing old customers to buy something immediately. –Adding advertisements in s sent by other companies to their customers.

E-Marketing is... Affiliate marketing is a method of promoting web businesses (merchants/advertisers) in which an affiliate (publisher) is rewarded for every visitor, subscriber, customer, and/or sale provided through his/her efforts. A research team roughly estimated affiliates worldwide earned $6.5 billion in bounty and commissions in 2006.

E-Marketing is... Interactive Advertising the use of interactive media to promote and/or influence the buying decisions of the consumer in an online and offline environment. Interactive advertising utilizes media such as the Internet, interactive television, mobile devices (WAP and SMS), as well as kiosk-based terminals. Interactive advertising affords the marketer the ability to engage the consumer in a direct and personal way, enabling a sophisticated and dimensional dialogue. One of the most effective implementations of interactive advertising is called Viral marketing. This technique uses images, texts, web links, Flash animations, audio/video clips etc., passed from user to user chain letter-style, via . A notable example of this is the Subservient Chicken, a campaign by Burger King to promote their new line of chicken sandwiches and the "Have It Your Way" campaign. Subservient ChickenBurger KingSubservient ChickenBurger King

E-Marketing Advantages Availability of information. Learn about products, as well as purchase them, at any hour. A reduced need for a sales force. Helps expand a local market to both national and international market places. Levels the playing field for big and small players. Internet marketing offers a greater sense of accountability for advertisers. Internet marketing offers a greater sense of accountability for advertisers.

Limitations of E-Marketing Slow Internet connections can cause difficulties. If companies build overly large or complicated web pages, Internet users may struggle to download the information. Internet marketing does not allow shoppers to touch, smell, taste or try-on tangible goods before making an online purchase Some liberal return policies to reassure customers. Some inadequate development of electronic payment methods like e-checks, credit cards, etc. Without other collateral (print, television or radio) it can often be difficult for the consumer or other businesses to find any specific address. Without other collateral (print, television or radio) it can often be difficult for the consumer or other businesses to find any specific address.

E-Marketing is... Information management is the collection and management of information from one or more sources and distribution to one or more audiences who have a stake in that information or a right to that information. Management here means the organization of and control over the structure, processing and delivery of information.

E-Marketing is... Public relations (PR) is the managing of outside communication of an organization or business to create and maintain a positive image. Public relations involves popularizing successes, downplaying failures, announcing changes, and many other activities.

E-Marketing is... Customer service (also known as Client Service) is the provision of service to customers before, during and after a purchase.

E-Marketing is... Sales is the act of meeting prospective buyers and providing them with a product or service in exchange for money or other required compensation. Sales is an act of completion of a commercial activity. The "deal is closed", means the customer has consented to the proposed product or service by making full or partial payment (as in case of installments) to the seller.

E-Marketing Effect on Industries In the music industry, many consumers have begun buying and downloading MP3s over the Internet instead of simply buying CDs. More and more banks are offering the ability to perform banking tasks online. As Internet auctions have gained popularity, flea markets are struggling. Online ads totaled $16.9 billion in As advertisers increase and shift more of their budgets online, they are now overtaking radio in terms of market share.