...properties that affect marketing and the fundamental changes the Internet has brought to marketing. According to Strauss and Frost (2009), the Internet properties have affected the way marketing should be done and delivered to the consumers. Internet data is sent in bits and not in atoms – all the data and information are being stored and sent to the consumers in digital form. The digital form cannot be touch, tasted or smelled. In contrast to other types of marketing, the seller does not need to deliver the items itself for inspection by the consumer before it is being purchased. 1. Internet is a mediating technology – anywhere in the world, music and other data is being passed on and shared. This encourages communication for businesses in a supply chain. 2. Internet encourages global reach - regardless of location, the internet is accessible to all. Businesses can be conducted globally easier while encourages worldwide partnership and products distribution even better than before. 3. Internet works as network externality – target markets are being reached easily and faster with automated communication. 4. Internet is a time moderator – time is a valuable essence where consumers would expect faster service as in the communication with the company itself and faster feedback response. 5. Internet is an information equalizer – information on the product is easily accessible to consumers via the internet, therefore consumers have better access upon the information and pricing...
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...fundamental changes the Internet has brought to marketing. First of all, we need to know what is internet properties in order for us to further understand the impact it has made towards marketing. In my perspective, internet properties is the features it has against the traditional way of marketing. For instance, the privilege internet has over time which involve faster work process and transaction time, firms pay for only as much as the data storage or server space in terms of cost, global market reach that allows massive exposure or recognition, and so on. Now that we know the definition of internet properties, we can discuss the fundamental changes the internet has brought to marketing.. By having the speciality over time, easy access to information, flexibility, massive market reach, and low cost, internet now is changing the marketing game. Prior to the usage if internet, customers does not have the power to pick and choose the advertisement they see on the television or radio. Instead they are forced with this commercials that will get stuck in their heads and later on affect their buying decisions without even realizing it. After internet happen to us, the power shift to the customers. Now the consumers use the power through the mouse. They control what they want to see or hear. By that, we can agree that the most important internet properties that has affect the marketing game is the digitizing of information, making it easier to access, that the consumers use to choose...
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...What the important Internet properties that affect marketing and describe the fundamental changes the Internet has brought to marketing. The important properties that affect marketing is Web 2.0 where it provides an interaction of two ways communication within internet users. Internet users or participants are increasing day by day consequence it impact the web becoming one of the most influential media to spread or share information widely, swift to all the internet connectors worldwide. The existence of social media networks had gained half of the world people are connected online. Social media networking is one of the best tools for expressing and sharing people knowledge and opinions freedom. Thus, indirectly it produced a viral marketing effect throughout the virtual world in internet as well as real world. With social media networks as internet properties, it provides external opportunity to marketers and has changing the internet into e-marketing. Firstly, it had altering the power swift from seller to buyer by attracting them to review the web for deepen content and information instead of traditional way in visiting stores. Therefore, the pull strategy is one of the best strategies for marketer to target the consumer directly. Through advertisement and promotional efforts in clustering communities’ web or social media network, consumers may be reached and attracted them into companies or products website for further information. For instance, Facebook pages are created...
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...Assessment Web Case Study: Facebook and small business Executive Summary As social media has grown, the amount of virtual communities (VC) and consumer-generated contents have increased and established its power. This provided marketers so many opportunities and advantages to convey their marketing survey or to plan and implement marketing strategies. However, due to enormous amount of data and various possibilities to use this marketing tool, it has become great mystery for some businesses how they can use it wisely. Issues can be seen when some marketers cannot make appropriate decisions related to its purpose of marketing campaign or core values of the businesses. Hence, This report examines how companies use this one of the most powerful social media, Facebook with a case study of an apparel company, Lorna Jane. This company has succussed operating their Facebook page since they commit to make efforts to engage with their customers rather than push to sell their products too much. This paper reveals their effective strategies such as: • To appeal their cultural side or their company messages to invite consumers’ agreement and enhance its community. • To respond to customers action on Facebook on real time when needed so that they will not miss the opportunity to increase customers interactions. • To encourage consumers to be actively involved in their Virtual community (VC) so that they can offer them satisfaction. Through these...
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...Based on how their expectations have been met, a consumer might make positive or negative comments in social media. * a. Information search * b. Alternative evaluation * c. Post-purchase behavior * d. Needs recognition 2. Fulfillment of what type of need is more likely to have a positive influence on brand loyalty? * a. Hedonic * b. Cognitive * c. Physiological * d. Utilitarian 3. Which statement BEST defines Customer Relationship Management? * a. A marketing approach designed to increase marketing campaign performance through more efficient use of resources. * b. An effective means of dealing with the reams of data that result from serving large customer markets. * c. A tool for aggregating customers' demographic, geographic, and behavioral traits into unified profiles for enhanced relationship management. * d. A management philosophy centered on customers, supported by a data warehouse and analytic processes. 4. Which of the following is NOT a stage in the buyer-seller relationship? * a. Making a relationship difficult to replace * b. Rewarding loyalty with incentives * c. Stimulating interpersonal social bonds * d. Encouraging new relationships to form 5. Which term defines the segmentation technique that is based on information collected by the U.S. Census Bureau? * a. Demographic * b. Behavioral * c. Geospatial * d. Psychographic 1. Which statement illustrates how the...
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...TALLINN UNIVERSITY OF TECHNOLOGY School of Economics and Business Administration Department of International Business Chair of Marketing Jan Lampenius SOCIAL MEDIA AS A MARKETING TOOL MARKETING GOLF IN FINLAND Bachelor’s Thesis Supervisor: Eliis Salm ABSTRACT Golf industry in Finland lives in middle of the hard times. In many courses the money is no longer exist so the new solutions comes in value. This thesis will focus on finding the answers about social media as a marketing tool, what becomes to Finnish golf marketing. Theoretical references have user theory about social media, user-generated content in social media and viral marketing in social media. Theories will give the backup for the research and help to analyze the results the results had achieved thru an online-based survey. The survey was conducted using Facebook as a channel and there was received a satisfied amount of responses. This research concludes the result that social media is a marketing tool marketing golf in Finland and golf courses should put more effort to using it in marketing. Golf courses should also take the users more to account. They should use the social media channels more innovative and focus on more to interactivity among the other players. Keywords: Golf-marketing, Social media, Social networks, user-generated content, Viral marketing INTRODUCTION Golf is in a new situation in Finland. Golf courses shares values are decreasing and part of the courses are in the situation...
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...Role of Social Media in Building Fashion Brand in Thailand Name Instructor Course Institution Date Role of Social Media in Building Fashion Brand in Thailand Social Media Social media are tools that permit the creation, sharing, or the exchange of information, career interests, concepts, and multimedia images and videos in online networking and communication sites. Social media is reliant on mobile and web-based technologies that create an interactive social platform that enables individuals, groups and organizations to share, converse and revise on the different contents available by the users. Social media appear in different forums such as blogging, business networking, social networking and video sharing. Social media sites have certain characteristics that make it suitable for business and brand marketing. One of the characters of social media sites that most businesspeople look forward to is virality common in most sites. Most social media sites have the reshape feature such as the retweet button in Twitter, pin in Pinterest and reblog in Tumblr. This is an important tool in marketing products since viral marketing may lead to the reaching of the post to a large population of social media users who may spread it to other important sites. Another form is the use of mobile social media. Mobile social media is a growing forum in the current generation. Mobile social media is a combination of mobile devices and social media. This includes the inclusion of...
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...OF CONTENT TITLE | PAGE | Background | 1 | GROUPON | 2 | Marketing Trends and Emerging Themes | 3 - 4 | * Advantages | 5 | * Disadvantages | 6 | Conclusion | 7 | References | 8 | BACKGROUND Introduction. Changes in the marketing field today happen in a very fast rate. This day will never be the same as yesterday and the day before. Tomorrow will come with different challenges today. And in business, to pursue a strategy without improvements could pose a risk to the business itself. Thus, to ensure the success of a business, traders should take some certainty: * Global power will continue to have an impact on everybody's business and personal life * Technology will continue to grow and amaze us * There will be a continuous push towards deregulation of economic sectors All three of these certainty; globalization, technological advances, and deregulation - which refers to unlimited opportunities, however, what marketing is and what should be done with issues like this? Marketing is closely linked with the identification of human and social needs. Among the shortest definition of marketing is "meeting needs profitably". GROUPON GROUPON is one company that is well known for providing an on-line trading platform and also a global leader of local commerce and the place to start when you want to buy just about anything, anytime, anywhere. By leveraging the company’s global relationships and scale, GROUPON offers consumers a vast...
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...by companies. However, “Buzzing isn’t really new. The hype about these different kinds of buzz agents is what’s new,” says Kahn. Buzz marketing takes a few forms known as ‘influencers’ or ‘early adopters’ and ‘mavens’, these are those who sets the global cultural trends example, teenagers although there are some buss marketers that rely on trendsetters and ‘connectors’-a person that have a large network different circles, namely Oprah. Kahn says, “Oprah is the king of all connectors. Basically, these are people who have bigger rolodexes than the rest of us. They have lots of contacts in different circles, so word will spread. Fast.” Article #2: Buzz Marketing: How to create and manage it? Red Bull, founded 20 years ago by Dietrich Mateschitz, proved a big marketing success worldwide with more than 70% of the energy drink market. Many entrepreneurs and companies tried to fabricate the success of Red Bull. The principle of Buzz Marketing is not to use one specific media. It targets all communication channels, - social networks, internet, and social events; in order to let the ‘buzz’ reached the target market n therefore interest in the market place for consumers to talk about the product and try it. Buzz Marketing is a great tool of a company wants to makes more noise in the market. The originality of a product (functions, color, design, packaging, distribution, price,...
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...CONCLUSIONS Paper Five Best Practices for Social Media Measurement How to link social media metrics to business results Insights from the webinar, Less Talk + More Action = Better Results, in the Measure What Matters: Redefining Marketing Success in the Digital Age series, presented in association with the American Marketing Association and SAS Featuring: Katie Delahaye Paine, CEO of KDPaine & Partners John Bastone, Global Customer and Media Intelligence Manager at SAS Five Best Practices for Social Media Measurement 1 If there’s anyone out there who still believes social media doesn’t warrant serious consideration, consider some basic facts: There are more than 750 million active users on Facebook, 140 million unique visitors to the site each month, 200 million registered Twitter users, and more than 100 million professionals on LinkedIn. That’s just for starters. In addition to social networking sites, there are blogs, comments on traditional media and e-commerce websites, review sites such as ConsumerSearch and Epinion, content-sharing sites such as YouTube and Flickr, and collaborative projects such as Wikipedia. Nearly half of Americans now get their news from the Web. One in five reads blogs. More than 80 percent of Americans use social media in some fashion each month. Some of those people just might be talking about your brand – and your competition. Some may be ambassadors and advocates, or they may just as easily be detractors and malcontents...
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... Marketing, and Security Marquisha Tate Dr. Ingrid Wright BUS 508 Contemporary Business 5-31-2013 Evaluate the reasons Social Media Marketing has become exceedingly popular among businesses of all sizes. Social media has received a lot of well-deserved attention. Highly accessible and scalable, it has changed the way we communicate, share, and interact. Companies have taken notice and now use social media to improve how they listen and engage with their customers. By monitoring streams of information from a variety of social media outlets, companies have access to large volumes of comments and discussions that are immediate and spontaneous. Best of all, they are top-of-mind thoughts coming directly from a company’s most important stakeholder – their customers (www.walkerinfo.com). Sites such as MySpace, Facebook, Twitter, Instagram and Friendster provide an unprecedented peer-to-peer communication channel, where people interact in an online community, sharing personal data and photos, producing and sharing all sorts of information and opinions, or unifying activists and raising funds. Smart companies are finding ways to benefit from the phenomenon. Work networks on Facebook, Twitter, and Instagram are exploding, and some companies, including JPMorgan Chase, and Lockheed Martin, are starting their own in-house social networks as a way to facilitate information sharing. In recent years, most organizations have incorporated the Internet as a part of their information...
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...200 poles, each with 6 stryofoam buckets, capable of growing at least 4 plants each, for a total minimum capacity of 4800 plants. The owner has an additional 5 acres of land available for installation of vertical grow systems, but doesn’t want to develop it ahead of a customer base to purchase the produce. While the owner has been operating the rooftop farm successfully since 2009, there is still not a very strong customer base. In order to expand the business and to develop a customer base consisting of substantial proportion of repeat clientele, the owner has decided to expand the online presence of the business. In order to determine the best design for the online presence, we must first examine the current business model to explore how an online presence can impact growth while meeting the needs of customers and ABCveggies. At first glance, it would seem that Sarasota is an ideal location for year round farming, with plenty of sunshine, and only a few days of frost (if any) in an average year. Rain is seasonal, with summer being the...
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...processes for creating, communicating and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders" Diluting all the verbosity, it melts down to one simple word “SELLING”!! This is the prime purpose behind any kind of marketing. The "selling" is accelerated with the help of properly chalked out plans called marketing strategies. With "selling" as the ultimate goal, marketing strategies are influenced by two basic factors: 1) Acquisition of customers; 2) Retention of the acquired customers. So every other strategy that is laid out will focus on the above two. A Company has to work closely towards achieving these two to attain the desired cutting edge over its competitors. There are also a few other objectives like creating awareness (informational and educational) about the product, brand-building and accelerating sales. CONCEPT OF TRADITIONAL MARKETING: With the world changing at every nanosecond, marketing is also reeling under a whirlwind of change. New modes of marketing like e-marketing and online marketing have evolved. Yet traditional marketing still holds sway with many corporates. Traditional marketing operates based on the 4P strategy. ELEMENTS OF TRADITIONAL MARKETING: The Four Ps- Worship them: The 'Four Ps' or the 'marketing mix' is a cliché with every marketer. Formulated by Jerome...
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...We’re all marketers now Engaging customers today requires commitment from the entire company—and a redefined marketing organization. JULY 2011 • Tom French, Laura LaBerge, and Paul Magill Source: Marketing & Sales Practice For the past decade, marketers have been adjusting to a new era of deep customer engagement. They’ve tacked on new functions, such as social-media management; altered processes to better integrate advertising campaigns online, on television, and in print; and added staff with Web expertise to manage the explosion of digital customer data. Yet in our experience, that’s not enough. But it not enough… To truly engage customers for whom “push” advertising is increasingly irrelevant, companies must do more outside the confines of the traditional marketing organization. At the end of the day, customers no longer separate marketing from the product—it is the product. They don’t separate marketing from their in-store or online experience—it is the experience. In the era of engagement, marketing is the company. “Oh, shoot,” Sperlich thought. “We are in for it now.”1 eedAs that transformation happens, Marketing’s cutting edge is being redefined every day. While there’s no definitive map showing how companies can successfully navigate the era of engagement, we hope to help senior executives—not just marketers—start to draw one. The evolution of engagement More than two years ago, our colleagues David Court, Dave Elzinga, Susan Mulder, and...
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...What is Social Media http://en.wikipedia.org/wiki/Social_media#Impacts_on_history_and_memory Social media refers to the means of interactions among people in which they create, share, and/or exchange information and ideas in virtual communities and networks.[1] Andreas Kaplan and Michael Haenlein define social media as "a group of Internet-based applications that build on the ideological and technological foundations of Web 2.0, and that allow the creation and exchange ofuserHYPERLINK "http://en.wikipedia.org/wiki/User-generated_content"-generated content."[2] Furthermore, social media depends on mobile and web-based technologies to create highly interactive platforms through which individuals and communities share, co-create, discuss, and modify user-generated content. It introduces substantial and pervasive changes to communication between organizations, communities, and individuals Social media differentiates from traditional/industrial media in many aspects such as quality,[4] reach, frequency, usability, immediacy, and permanence.[5] There are many effects that stem from internet usage. According to Nielsen, internet users continue to spend more time with social media sites than any other type of site. At the same time, the total time spent on social media in the U.S. across PC and mobile devices increased by 37 percent to 121 billion minutes in July 2012 compared to 88 billion minutes in July 2011 Social media technologies take on many different forms including...
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