Informative 2
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Transcript of Informative 2
Marketing in the Digital Age
Introduction and overview
Advancement in technology
High revenue rates for Total Care company
Use of e-marketing strategies
Utilize both direct and indirect response
Help in connecting businesses to their customers
Digi-care services create more connections to customers
Results to higher rates of return
B2B (Business to Business e-marketing)
Interaction between company and organizational customersSituation analysis
Internal auditsBusiness, marketing and internet marketingAudience composition and characteristics
External audits macro-economic environmentMarket structuresCustomer activityPotential competitors
Assessment of opportunities and threats (SWOT analysis)
Objective analysis
Strategy definition
Tactics used
Actions to be taken
Implementation
control
B2C e-marketing
Deals and special offers from companyResponse consumers looking for bargains and discount offers Strong relationship between business and customerFreedom and choices found in e-commerceStages
Establish web presenceProvision of informationGet customersMeet customer ordersCustomer support and services
Role of customersNeeds and wants identificationSearch of information to meet their needsEvaluation of the sourcesMake ordersEvaluate experience with products
Role of companyDetermine percentage of customer businesses able to access internetPercentage of individual customers accessing internetPercentage which has access and willingness of purchasing online
C2B (Consumer-to-Business)
To attract customers to the business
Company’s policies
Building of quality brand for products and services
Differentiation from competitors
Customers identify with the company
Increase in market share of the company
Offer unique products at unique prices
C2B enhance certain activities to take place customers and the company
Customers make offers of used items
Will of the companies to trade in these items
Customers posts projects online enhance companies bid for the project
Company with best bid takes up the project
C2C (Consumer-to-Consumer)
Customer to customer relationship company acts as a customerMutual benefit between the twoSuch customers contribute a lot to the company hence need for maintaining themDevelopment of online partnership strategyCreate a more interactive relationship
Consumers offer used items for sale
Companies looking for items in turn become customers to purchase them
Represent person to person business
Company benefit from this relationship greatly in terms of products and services
Ethical and Cross-cultural considerations
PrivacyInformation on customers and potential customers treated with careInformation should be used for the intended purposeIt should be handle by the right peoplePolicies and procedures to guard accessibility of the information
SecuritySecurity on transaction performed on the webSecurity on data collected and stored in regards to customersUse of user names and passwords
Individual social beliefsStrategy that do not affect the different peoples social and cultural beliefs
Cultural values
Maintained through;Early interactions
Relationship growth strategies
Implementation strategy process
The four customer exchanges maintained
B2B customer exchanges;
Situation analysis, strategy, tactics, action and control analysis done
B2C, clear understanding of the company’s customers
C2B, customer attraction to the business
C2C, strategies to maintain the customer to customer relationship.
List of references
China Click, (2006), SOSTAC e-marketing plan for B2B company, http://www.chinaclick.com.cn/resource/02.htm 26 Aug 2008Livraghi G. (2000), B2B, B2C, C2C, C2B, of http://www.gandalf.it/offline/off26-en.htm. 31 Aug 2008Otlacan, O. (2005, March 22). E-marketing Strategy: 7 Dimensions to consider (the e-marketing Mix). Retrieved September 3, 2008, from http://ezinearticles.com/?e-Marketing-Strategy:-7-Dimensions-to-Consider-(the-e-Marketing-Mix)&id=21976Piszczalski M. (2008). What you need to know a bout B2B e-Marketing, http://www.autofieldguide.com/columns/0700it.html. 21 Aug 2008Smith R.P. & Chaffey D. (2002), E-marketing Excellence: The Heart of E-business, Published by Elsevier, ISBN 0750653353, P.7