Has Digital Marketing Toppled the Relevance of Principles (1)
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Transcript of Has Digital Marketing Toppled the Relevance of Principles (1)
7/23/2019 Has Digital Marketing Toppled the Relevance of Principles (1)
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Has digital marketing toppled
the relevance of principles ofnetwork economy : A Study
Group-9, Section-F
Mayuresh Verma
Shashwat Chugh
Megha Bhalotia
Ayush Chadha
Vivek Kumar PandeyKaran Vikhar
Sonal Gupta
Valentin Lossois
7/23/2019 Has Digital Marketing Toppled the Relevance of Principles (1)
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Digital Marketingarious online activities in digitalmarketing include
argeted! measura"le andintera#tive marketing o$produ#t and servi#es "y
using digital te#hnologiesto rea#h prospe#tive users
Channels used arewireless te%t messaging!mo"ile instant messaging!
mo"ile apps! pod#asts!ele#troni# "ill"oards!digital television and radio#hannels et#&
Sear#h 'ngine (ptimi)ation
Sear#h 'ngine Marketing
Content marketing
*n+uen#er marketing
Content automation
Campaign marketing
',#ommer#e marketingSo#ial media marketing
So#ial media optimi)ation
',mail dire#t marketing
Display advertising
7/23/2019 Has Digital Marketing Toppled the Relevance of Principles (1)
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- stage #y#le o$ digital marketing
7/23/2019 Has Digital Marketing Toppled the Relevance of Principles (1)
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!rinciples of "etwork
#conomy.undamental rules or a%ioms that de/ne the
network e#onomy&
.our a%es o$ the $undamental rules 0
$ealth is a result ofinnovation rather thanoptimi%ation
"urture the supremeagility of networks tocreate an environmentfor cultivating the
unknown
&ndoing what wasperfected earlier
'ycle of ()nd, nurture,destroy*
7/23/2019 Has Digital Marketing Toppled the Relevance of Principles (1)
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+he !rinciples of"etwork #conomy
and theirrelevance in era of
igital arketing
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he Law o$ Conne#tionDigital marketing relies on using te#hnology
to over#ome "arriers and #onne#t "etter
e#hnology ena"led tools that tell what! howand when others are "uying and whattriggers their "uying a#tion
Digital marketing makes it easier to know
your #ustomers and their likes! dislikes and"uying triggers without them even #oming toyour 1store2
3ses this in$ormation to "uild produ#t and
servi#es "ased on a#tual needs and wants
7/23/2019 Has Digital Marketing Toppled the Relevance of Principles (1)
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he Law o$ PlentitudeValue and o$ in$ormation grows with the
in#rease o$ mem"ers in the digital markets
*n#reasing num"er o$ mem"ers and theirusage in$ormation gives a pi#ture o$ there#ent trends in the market
*n+uen#er marketing and #ampaign marketing
"e#omes more e4e#tive5eed to target spe#i/# audien#e otherwise
going too "road #an have negative impa#t
7/23/2019 Has Digital Marketing Toppled the Relevance of Principles (1)
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he Law o$ '%ponential
ValueCapitali)ing on relationships is important to
the su##ess o$ digital markets
5urturing e%isting relationships is #heaperthan attra#ting new #ustomers
6eal pro/ts "egin to +ow only a$ter a #ertaintime on#e a healthy network o$ relationships is
esta"lished
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he Law o$ ipping Points
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he Law o$ *n#reasing
6eturns*n#rease in num"er
o$ su##ess$ul start,ups attra#ted othersto the market
Di4erent $rome#onomies o$ s#ale
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he Law o$ *nverse
Pri#ingDigital marketing is
more #ost,e4e#tiveand targeted
Consumers demanddrasti#improvements in the7uality $or less pri#eover time
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he Law o$ Generosity',#ommer#e sites
giving away produ#tsat very low pri#es aspart o$ theirmarketing strategy
Spread o$ theprodu#t "e#omessel$,$ul/lling as theprodu#t "e#omesmore desira"le
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he Law o$ Allegian#e.eed the we" /rst
Like a #ountry! growth o$individuals depend on thegrowth o$ the market
Gaming #ompanies pute7ual e4ort on promotion
o$ the plat$orm as they doto their own produ#t
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he Law o$ DevolutionCompanies must
innovate in order tokeep ahead o$ their#ompetitors
8ithout thee%pertise indemolishing theens#on#ed! there #an"e no e%pertise ininnovation
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he Law o$ Displa#ement'ontent marketing is
$o#used on #reating anddistri"uting valua"le!
relevant! and#onsistent content toattra#t and retain a#learly,de/ned audien#eand to drive pro/ta"le
#ustomer a#tion&*n$ormation will #ontinue
to displa#e mass in thenetwork e#onomy
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he Law o$ *ne;#ien#iesDigital world is #ontinually evolving and so
must our digital marketing
Companies struggle i$ they $ail to seek newopportunities or to develop new produ#ts orsolutions
Com"ining Strategy 8ith *nnovation Can
Create a Competitive Advantage
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Con#lusionPrin#iples o$ network e#onomy are still relevant
Su##ess o$ digital marketing te#hni7ues depend onthe si)e o$ the network and growth o$ te#hnology
Value o$ the market grows e%ponentially within#rease o$ mem"ers
*nnovation drive the markets and results in "etter7uality at #heaper #osts
Creating a desire $or your produ#t and nurturingrelationships are key to su##ess
*n$ormation repla#es mass in the digital markets
1Su##ess "reeds su##ess2
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