The group of people toward whom it is most profitable to aim your marketing
Use Internet marketing with traditional marketing
Brand
Typically defined as a name, logo or symbol that helps one identify a company's products or services
Customers' experience can be considered part of its brand
Brand equity
Includes the value of tangible and intangible items, such as a brand and its monetary value over time, customer perceptions and customer loyalty to a company and its products or services
Internet-only businesses must develop a brand that customers trust and value
Brand uniformity will increase brand recognition
Branding on the Internet
It is difficult to protect a brand from misuse
Rumors and customer dissatisfaction can spread quickly
It is not difficult for people to use other companies' logos on their sites or products illegally
Companies can attempt to protect their brands
1. Hiring people to surf the Web and look for news, rumors and other instances of brand abuse
2. Brand monitoring activities can be outsourced to companies such as eWatch and NetCurrents
Marketing mix (4Ps)
Product or service details and development
Effective pricing
Promotion
Distribution
Traditional marketing research
Consists of focus groups, interviews, paper and telephone surveys, questionnaires and secondary research
Findings based on previously collected data
Online marketing research
Faster option for finding and analyzing industry, customer and competitor information
Provides relaxed and anonymous setting to hold focus-group discussions and distribute questionnaires
Demographics
Statistics on human population, including age, sex, marital status and income
Psychographics
Can include family lifestyle, cultural differences and values
Segmentation
Can be based on age, income, gender, culture and common needs and wants
Traditional focus groups can allow customers to touch, smell and experience products or services
Online focus groups
Conducted to allow current or potential consumers to present their opinions about products, services or ideas
Comfortable setting for participants
Leader of the focus group cannot interpret a participant's body language as a form of communication
Online surveys
Conducted from Web site or through e-mail
InsightExpress.com, GoGlobal Technologies and QuickTake
Test your site and marketing campaign on a smaller scale with focus groups and trials
Data collected from a company's Web site
Used to evaluate campaign results
Measure costs and benefits of campaign
Helps with development of a budget for marketing activities
Identify growing and most profitable segments
Marketing-research firms
Forrester Research
Adknowledge
Jupiter Communications
Media Metrix
Freeware and shareware
Both are no cost software distribution; however, shareware is distributed with the expectation of donations in return
Pricing
Some products priced to reflect competition
High pricing to influence perception of high-value
Can use prices to position products and services on the Internet
Positioning includes affecting consumers' overall views of a company and its products and services as compared to the way those customers view competitors' products or services
Positioning strategies can be based on price, quality, use and competitors' positions in the market
Distribution cost and time contributes to success or failure
Fulfillment
Execute orders correctly and ship products promptly
mail marketing
Fast, cheap, far-reaching
Define the reach
The span of people you would like to target, including geographic locations and demographic profiles
Determine the level of personalization
Personalized direct e-mail targets consumers with specific information and offers by using customer names, offering the right products at the right time and sending promotions
Response rate
Shows campaign success or failure by measuring the percentage of responses generated from the target market
Global businesses send translated e-mails
Outsourcing
Parts of a company's operations are performed by other companies
Used when unmanageable e-mail volume and inadequate staff or technical support
Messagemedia, Digital Impact, iLux, 24/7 Media and e-Contacts
Audio, video and graphics
MindArrow, inChorus and MediaRing.com
Customize based on receivers' preferences and their readers'
Plug-in
A small application designed to extend the capabilities of another product, such as a Web browser
Improve customer service
Add an e-mail link to Web site
E-mail systems set up so that incoming e-mails will be sorted automatically and directed to the appropriate people
Track location of orders, inform customers of when to expect delivery and possible delays and providing information such as the carrier's name
Permission-based marketing
A company can market its products and services to people who have granted permission
Internet mailing lists include contact information for people who have expressed interest in receiving information on certain topics
Opt-in e-mails
Sent to people who "opt-in" to receive offers, information and promotions by e-mail
PostMasterDirect.com will send your e-mail campaign to those on a list who have expressed interest in your business category
Yesmail.com and Xactmail.com create lists of people who have opted-in to receive information about a certain subject
Spamming is mass e-mailing to customers who have not expressed interest, which can give your company a poor reputation
Traditional direct marketing
Includes sending information by mail and using telemarketers to contact prospective customers
Used in conjunction with e-mailing to reach largest audience
Direct mailing is often more expensive, more difficult to analyze and has lower response rate than direct e-mailing
Direct mail specialists: Eletter and MBS/Multimode
mail can arrive if recipients are busy or away, receivers can read e-mails at their convenience
Telemarketing
Can be more expensive than e-mailing
Offers benefit of being interactive
People likely to answer phone whereas can ignore e-mail