Challenges of online marketing Not too long ago, Internet entered the majority of houses and offices around the world. It opened a huge number of new opportunities for everybody and became the easiest and fastest way to obtain any sort of information. That is why the importance of Internet in marketing and positioning of the goods or services is obvious, and nowadays such a new development of promotion as online marketing grows more and more popular and effective, especially for small and developing business. Principles of marketing and selling online do not differ from traditional approaches; a company must present and offer particular product or service to its potential customers. The strategy of online marketing may have different directions: to create own web-site and establish distribution of the goods at it, to place banners with the ads or ad wares embedded into free software, or to use indirect marketing, placing some commentaries or articles, stimulating the interest to the goods, etc. The effectiveness of online marketing is likely to depend on the very goods or services, which a company promotes.
To make a decision about the necessity, prospects and probable efficiency of online marketing, management of the company must study its advantages and disadvantages very precisely. [1] The main positive feature of online marketing is its opportunity to reach a huge target audience: it helps to inform about the goods or services tremendous amount of people around the globe and enhance the market of potential customers. Modern Internet technologies in marketing and banking system allow customers to find and to buy goods without leaving their homes, and it advantages online promotion a lot. Besides, creating of own web-site and supporting it with necessary services is relatively easy and low cost, especially if to compare with paying for creating of TV visuals, or participation in prestigious exhibitions. [2] At the same time strategy of online marketing can be characterized with relatively narrow opportunities in presenting and demonstrating of some sorts of goods, if to compare with, for example, store display or exhibition. That is why unrealistic expectations of customers may become a problem.
The Research paper on The Role of Information Technology in the Marketing of Bank Services in Nigeria
... Manager Branch Manager Head Branch Operations Head Operations Support Retail Marketing Team • Customer services • Cash & Teller • Foreign Operations • Western ... With the aid of information technology, online banking provides the opportunity of paying bills and performing transactions ... costs. Physical store fronts require constant manpower. A good website can take the place of several ...
[2] Second, a previous negative experience with Internet may become an obstacle for many potential customers to find the goods and to trust in the suppliers. Many people, being afraid to be cheated or fall in a fraud, may not respond on online advertising, though they are really interested. [2] It is always important for marketing specialists to monitor the effectiveness of their strategies. There are some ways of doing this in online marketing, like using of special tracking tools and log-file analyzers, which can provide with information about how the customers find out the site, where the customers are from, and how many times they visit the site. Such data, which frequently is very bulky, must be processed dynamically. It can be also effective to use information of special statistics site or pop-up surveys to learn the opinion of people, but many Internet users neglect and ignore participating in them, especially if many questions are asked. [3] Lately, the abundance of various Internet ads and banners becomes more and more annoying for many people, because a lot of online marketing information is received against the will of Internet users, like spam, pop-up windows, or bothering banners.
The Term Paper on Internet, Information Technology and Our Brain
Internet, Information Technology and Our Brain Elvis Januskevicius Student number: 2003732 Words: 707 Dr. Remco Knooihuizen The growing use of information technology and reliance on the Internet as the main means of communication, acquiring information is changing the way our brain works and the way we think. Such activities as skimming and hyperlinking are influencing our ability to concentrate ...
That is why it is very important for successful Internet marketing strategy to make sure that the information about goods or services to be promoted is delivered as close as possible to the potential market on a domestic or global basis. Undoubtedly, online marketing instruments will improve, develop and will grow more effective. Of course, it will not replace, but support and complement traditional marketing activities. [1] And it would be the best way for a market player to combine both marketing approaches to make business more profitable and successful.
Bibliography:
“Can Online Marketing Replace Traditional Marketing?” Lorenz Consulting LLC. 2004.
4 Mar. 2005 . “MLM. The Pros and Cons of Multilevel Marketing” Work At Home Ideas. 4 Mar. 2005 .
“Market Your Products and Services on the Web.” Business Link. 2004. 4 Mar. 2005 ..
