This unique amalgam of acumen business and propensity for marketing, augmented by the tools provided over the Internet allows space for design specific strategies. With high impact actions, you can achieve tangible results online. Let us initially define the scope and premise of Online Marketing. It is a channel strategy that is based on study of customer behavior in the market environment facilitated in the expansive zone of cyberspace. Online marketing as the name suggests, is quite similar to traditional marketing but takes things to a different environment and channel. If door to door marketing is the marketing targeting users through field executives at physical locations, online marketing targets tech literate users who can delve into the parallel dimension of cyberspace.
Well, are you now wondering what it takes to put in place, a result oriented online marketing strategy? The factors that can make the difference are knowledge of the precepts of marketing and extrapolating the pillars and foundations used in other channels. Online marketing is a new sibling of traditional marketing and we shall outline here, the major strategies used for efficaciously implementing it. Let us now inquire into these strategies and the related specifics.
An online marketing strategy can be outlined for the sake of:
1) Achieving targets by figuring out the monetary inputs required for the new acquisitions, perpetuation and growth of customers base.
2) Categorizing and prioritizing of audiences targeted through this channel.
3) Communicating of strengths and benefits by using this channel.
Strategies can be enlisted as follows:
Strategies for product: The products are the goods and services that are offered to or purchased by the customers. Some strategies that can be designed with regard to products are enlisted below:
Highlight catchy features of products. To cite an example, emphasize new improvements and features along with new uses. Include eyes catching product attributes like new packaging, design, colors and logo. Expand the product line and sell products exhibiting new variety of services, wrapped in enticing aesthetic. Leverage your site and digital cosmetics to do so with the impact that internet marketing facilitates.
Strategies for the price: Price is the monetary value attached with products at the time of offering those to the customers. Some strategies that can be designed from the perspective of price are:
Launch the new product at a comparatively lower price, so as to achieve rapid penetration and to make it quickly known among the prospects. You can launch the next product at a higher price and can take advantage of purchases made as a result of a prevailing sense of quality among customers. Give gifts for the purchase of a few products and publish it over the internet. Give discounted rates for distinguished and repeat customers.
Strategies for promotion: Promotion is communicating information and raising awareness about the existence of a product among consumers so as to persuade or induce purchases. Some strategies that we can apply with regard to the promotion are:
Make you website attractive and dynamic. Create podcast channels and provide mobile apps to market products through advertisements. Use SEO and SEM strategies and design email marketing campaigns.
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