The method of marketing products or services bу means of the Internet is referred to as Internet marketing. One of the major benefits offered bу Internet marketing is its ability to reach the masses іn minutes. Moreover, the costs of distribution of information are lower. Internet marketing, also known as web marketing is said to have a wider scope and a greater effect owing to the quality of its medium.
A marketing strategy refers to the means by which companies try to increase their sales and achieve a competitive advantage, focusing mainly on the satisfaction of their customers. Internet marketing makes use of one of the several business models to market goods or services. It includes the display of banner advertisements on websites, email marketing as also search engine optimization and search engine marketing.
An Internet marketing plan begins with online market research. During this phase, the companies research the market and find who their competitors are. They determine the section of their customers, which is to be targeted. The second phase of web marketing is known as data analysis in which the companies need to analyze market data and explore what their customers want. Next is the very important phase of developing a marketing strategy wherein the marketers choose a marketing method. The last phase of web marketing is the implementation of the strategy and the monitoring of its functioning.
It is advisable to start business marketing with a web promotion and development plan. It is important to get ranked on major search engines, for which it is essential to implement good search engine optimization techniques.
Marketing through emails, blogs, podcasts and forums can prove being an effective Internet marketing strategy. Blogs and forums can help the companies interact with their customers. Email marketing serves as an effective tool for marketing to a wide range of consumers. Running contests on websites is one of the best ways of web marketing. Online press releases and articles about the launch of the new products and services introduce the target customers to them. (more…)