Marketing and Selling on Internet
Marketing
on the Internet
Marketing on the Internet involves Online Advertising
to reach out to Potential Customers. It requires creativity like designing,
development and technical aspects like marketing and advertising.
Different facets of Internet Marketing includes:
- Affiliate
Marketing,
- eMail Marketing,
- Search
Engine Marketing,
- Interactive
Advertising
- Sales,
- Public
relations,
- Information
management, and
- Customer
service.
Ever since the advent of Internet, it is widely used
for all kind of purposes. Among the advantages of Internet, some helps in doing
business, shopping, etc. from the comfort of the house. According to a
research, a quarter of the Internet
users shop on-line. It has contributed significantly to the global grow of Electronic
Commerce. Internet Marketing is a substantial part of Electronic Commerce.
Direct
Marketing Techniques
Direct Marketing Techniques like radio and television
commercials, mails, and newsletters are the inspirations for Internet Marketing,
which involves Direct Response Marketing
Strategies and is rapidly growing.
Internet
Marketing Business Models
Business-to-Business,
also known as B2B, and Business-to-Consumer, also known as B2C, are the two Business Models to which Internet Marketing can be linked.
- B2C
companies were the first to start when Internet Marketing originated. They
are companies that sell directly to the customers.
- B2B
companies are meant to do business with each other.
Internet
Marketing Websites
Websites built for Internet Marketing are slightly different than others.
- There are Peer-to-Peer Modeled Websites which are used to exchange products and services between each other.
- Another
is Name-Your-Price, where the
customers have to specify their price range that they can spend and select
products that fall in that price range.
- www.Priceline.com is an example of such a website.
- Find-The-Best-Price Model, where customers can find the lowest prices. Is another model.
- www.Amazon.com is a website which is based on this approach
- Last
are Online Auctions sites, where items are bid.
- www.Ebay.com and www.tripleclicks.com/indexAuctions.php
are examples
The companies who use Internet Marketing are at an
advantage. They don’t need to put in huge amounts of energy and time in
Internet Marketing like other traditional methods. With the help of only few
resources national and international markets can be reached.
Because of very low investment, even small businesses
are turning to Online Marketing. Websites and Blogs have been developed for
this purpose.
- Internet
Marketing is advantageous in the sense that the data is easily available
on the Internet.
- Newsletters
can be directly sent to customers and if it doesn’t contain the
information they are looking for, they can search for information about
the product online, make a decision and purchase it online itself.
One of the factors that hinder the growth of Online Marketing
is delayed loading of the page.
- The
web pages that take a lot of time to download test the patience of the
consumer.
- To add
to that, if the businesses design complex web pages with lots of graphics
and animations, it will slow down the speed even more.
- Another
minus point of online marketing is that the customers cannot feel, taste,
smell or try products in order to make a good decision.
- To
over come this, some of the online stores have created liberal return
policies with the help of which the customer satisfaction is guaranteed.
The
Biggest Threat
Another biggest threat of online shopping is identity
theft.
Paying online using credit cards, e-checks are
susceptible to hackers and information can be stolen and used.
Many hackers and websites have been caught who were
involved in buying and selling of personal information.
Most of the websites have taken measures and
incorporated good security on their websites.
- One of
the best methods is encryption.
- When
the data is being transferred between two computers; there is a
possibility of a hacker intercepting it.
- So the
data is changed by applying some encryption algorithm and is sent through
the network and upon receiving, the decryption algorithm is applied to
bring back the data to its original form.
The Internet for all businesses
Online selling is influencing all
kinds of businesses like banking, advertising, music, etc. Instead of going to
a store for buying cassettes and CDs, music can be bought online.
Bank transactions like depositing,
withdrawing, transferring funds, and paying bills are all performed online. Astronomical
amounts of money is invested every year
in online advertising alone.
Why not you?
Get your act together and you can
claim a share of that online gold mine; however small it may be.