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The document provides an overview of digital marketing, including:
1) It defines digital marketing as the promotion of products or brands using electronic media like websites, emails, online forums and mobile communications.
2) Key characteristics of digital marketing are addressability, interactivity, accessibility, connectivity and control.
3) Traditional marketing differs from digital marketing in aspects like type of marketing, direction of communication, scheduling, availability, language, and response time.
4) Recent trends driving the shift to digital marketing include converting marketing to sales, interaction with customers, targeted reach, cost effectiveness and fairness.
The document provides an overview of digital marketing, including:
1) It defines digital marketing as the promotion of products or brands using electronic media like websites, emails, online forums and mobile communications.
2) Key characteristics of digital marketing are addressability, interactivity, accessibility, connectivity and control.
3) Traditional marketing differs from digital marketing in aspects like type of marketing, direction of communication, scheduling, availability, language, and response time.
4) Recent trends driving the shift to digital marketing include converting marketing to sales, interaction with customers, targeted reach, cost effectiveness and fairness.
The document provides an overview of digital marketing, including:
1) It defines digital marketing as the promotion of products or brands using electronic media like websites, emails, online forums and mobile communications.
2) Key characteristics of digital marketing are addressability, interactivity, accessibility, connectivity and control.
3) Traditional marketing differs from digital marketing in aspects like type of marketing, direction of communication, scheduling, availability, language, and response time.
4) Recent trends driving the shift to digital marketing include converting marketing to sales, interaction with customers, targeted reach, cost effectiveness and fairness.
• The new digital world - trends that shifts from traditional
marketing practices to digital marketing practices
The new digital world - trends that shifts from traditional marketing practices to digital marketing practices Digital Marketing
In simple terms, digital marketing is the promotion of products or
brands via one or more forms of electronic media. Digital marketing is often referred to as online marketing, internet marketing or web marketing. Definition
Philip Kotler defines digital marketing as
“A form of direct marketing which links consumers with sellers
electronically using interactive technologies like emails, websites, online forums and newsgroups, interactive television, mobile communications, etc.” Characteristics of Digital Marketing Characteristic Definition
Addressability • Marketers’ ability to identify
customers before they make a purchase
Interactivity • Customers’ ability to express their
needs and wants directly to the firm • In response to the firm’s marketing communications Characteristics of Digital Marketing Accessibility • Marketers’ ability to obtain digital information
Connectivity • Consumers’ ability to be connected
with marketers along with other consumers
Control • Customer’s ability to regulate the
information they view and the rate and exposure to that information Traditional Marketing Vs Digital Marketing
Traditional Marketing Digital Marketing
Type of Structured and Clear Unstructured and Unclear
Marketing Advertising campaigns, service Status updates, ad campaigns, blogs, hotlines posts, comments, social media, etc.
Direction of Unidirectional (one to many) Multidirectional (many to many)
Communication Information spread by company Both company and consumers talk and (active) listen (both active). Consumers can Consumers only listen (passive) also create content, like or post
Scheduling Long-term Short-term
Traditional Marketing Vs Digital Marketing Communication Private Public with Consumer Communication only between Reactions to comments are public; company and consumer (via email, anyone can read and join a discussion phone); discussion is kept secret
Availability During Working Hours All the Time (24/7)
No direct support beyond regular Constant readiness to respond to working hours (9 to 6) negative comments and consumer requests
Language Formal, Legally Safe Genuine, Direct
Official Personal responses and short answers Response time Longer as if somebody is interested Quickly as soon as they see the ad, they after seeing an ad in print or TV they can click the link and can get more can’t see the additional information information so decision can be taken at that instant, they need longer time quickly for gathering information about the product. 5Ds of Digital Marketing • Digital devices – audiences experience brands as they interact with business websites and mobile apps typically through a combination of connected devices including smartphones, tablets, desktop computers, TVs and gaming devices. • Digital platforms – most interactions on these devices are through a browser or apps from the major platforms or services, that’s Facebook (and Instagram), Google (and YouTube), Twitter and LinkedIn. • Digital media – different paid, owned and earned communications channels for reaching and engaging audiences including advertising, email and messaging, search engines and social networks. • Digital data – the insight businesses collect about their audience profiles and their interactions with businesses, which now need to be protected by law in most countries. • Digital technology – the marketing technology or martech stack that businesses use to create interactive experiences from websites and mobile apps to in-store kiosks and email campaigns. Trends that are driving shifts from traditional marketing practices to digital marketing practices
• Converting the marketing to sales
• Interaction with customers
• Targeted Reach
• Cost Friendly
• Fair Play Recent trends in Digital Marketing
• Virtual Reality
• Geo-Location
• Social Media
• Videos & Animations
• Multi Device Advertising
Types of Digital Consumers Basic Digital Consumers These are not highly digital users. They are comfortable with Internet shopping and research, but they are not mobile or social and have the second-highest likelihood of buying offline. Creators: Create their own media outlets (e.g. blogs, podcasts, videos) Critics: People who comment on blogs or post ratings and reviews Types of Digital Consumers Collectors: Collect and organize content generated by creators and critics Joiners: Includes anyone who becomes a user of social networking sites or other online communities to connect and network Spectators: Read online information but to not join communities or post anywhere Topics to be covered
• The modern digital consumer and new consumer’s digital
journey.
• Marketing strategies for the digital world - latest practices.
The modern digital consumer and new consumer’s digital journey. Characteristics of Modern Consumer • 24/7 Alive: Consumers are always connected to the internet whether on various social media platforms or through their hand-held devices. • Customization and Convenience: They are constantly looking for a seller who can customize the offerings according to their desired needs. In addition to this, the seller has to take care of the ease and convenience of the consumer. • Innovation: Consumers are looking for experiences that are innovative in nature. They are persistently looking out for technologies that can ease their shopping exercise. Characteristics of Modern Consumer • Peer contact: Consumers get influenced by peer reviews and feedback. They use different social media platforms and take the opinions of other consumers and change their preferences towards a brand / product / service accordingly. • Post-purchasing services: A consumer now has the power to influence millions of other buyers by simply uploading the post purchase services of a company. The consumers are therefore looking for greater transparency, accountability and efficiency of post-purchase services. Understanding the Customer’s Journey Marketing strategies for the digital world - latest practices Digital Marketing Strategy Digital marketing strategy is the series of actions that are going to help you achieve your goal(s) using online marketing. It is a master plan or a blueprint to achieve a long-term or macro goal. • Defining customer profiles • Defining marketing objectives • Alignment of customer and marketing goals • Identifying target markets • Performing competitive analysis • Managing and allocating resources appropriately to achieve objectives • Reviewing and optimizing campaign performance Digital Marketing Strategy- Latest Practices SMM (Social Media Content Marketing Marketing) SEO (Search Engine Email Marketing Optimization)