Preview

THE IMPACT AND BENEFITS OF INTERNET ON MARKETING MIX

Powerful Essays
Open Document
Open Document
3909 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
THE IMPACT AND BENEFITS OF INTERNET ON MARKETING MIX
THE IMPACT AND BENEFITS OF INTERNET ON MARKETING MIX
A.ARULKUMAR
RESEARCH SCHOLAR IN COMMERCE
ST.JOSEPH 'S COLLEGE, TRICHY-2

Abstract: Few things have dramatically and immediately impacted our lives and the way many businesses operate more than the development of the Internet. The ways that some marketing activities are performed have changed as businesses have turned to e-commerce. The Internet provides opportunities for an organization to enhance its business in a cost-effective and practical manner. That is, the Internet can be used to conduct marketing research, reach new markets, serve customers better, distribute products faster, solve customer problems, and communicate more efficiently with business partners. The benefit of Internet marketing includes the improved flow of information, new products and customer services, improved availability, improved market transparency. To design and implement a successful e-marketing program, a number of theories, applications, and technologies must be carefully analyzed and understood. In this article the investigator is going to considerer the best Internet marketing ways for the success of business. The main objective of this article is nothing but understanding the impact of Internet on different marketing areas such as product development and service provision, promotion, pricing and distribution channels. In the article it is demonstrated that when manufacturers connect directly with consumers and shorten the distribution channels, inefficiencies can be eliminated, product delivery time can be decreased, and manufacturers can build closer relationship with consumers. Consumers use the Internet to reduce costs, find products otherwise unavailable, or increase their shopping convenience. Online consumers expect easy,understandable, and secure ordering and payment systems. Customers want assurance that orders will be filled immediately. E-commerce creates value for customers in many ways. Customers are



References: Aldin, N., & F. Stahre, 2003. Electronic commerce, marketing channels and logistics platforms-a wholesaler perspective. European Journal of Operational Research, 144: 270-279. Avlonitis, G.J. & D.A. Karayanni, 2000. The Impact of Internet Use on Business-to-business Marketing. Industrial Marketing Management, 29: 441-459. Chen, S., 2005. Strategic Management of e-Business. West Sussex, England: John Willey & Sons. Drew, S., 2003. Strategic use of e-commerce by SMEs in the east of England. European Management Journal, 21: 79-88. Elahi, Sh., & A. Hassanzadeh, 2009. A framework for evaluating electronic commerce adoption in Iranian companies. International Journal of Information Management, 29: 27-36. Elliot, S., & S. Fowell, 2000. Expectations versus reality: a snapshot of consumer experiences with Internet retailing. International Journal of Information Management, 20: 323-336. www.wikipedia.orage www.seminarsonly.com

You May Also Find These Documents Helpful

  • Good Essays

    The internet is a medium that can help the marketing process. Not only does it help it adjusts and reforms what businesses can do. However , before looking at the distinctive features of internet marketing , it is necessary to have some grasp of traditional marketing principles and processes in the physical world.…

    • 918 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Be sure to answer all parts of each question. Be sure to use complete sentences whenever appropriate.…

    • 580 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Primark Business Structure

    • 1988 Words
    • 8 Pages

    Ellis-Chadwick. (2012). Internet retailing: the past, the present and the future. Available: http://oro.open.ac.uk/24815/2/. Last accessed 31st Oct 2013.…

    • 1988 Words
    • 8 Pages
    Better Essays
  • Better Essays

    U12 M2 – Analyse the marketing opportunities and challenges faced by a selected business when using Internet marketing…

    • 1184 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Kolesar, B. M. & Galbraith, W. R. (2000), A services-marketing perspective on e-retailing: implications for e-retailers and directions for further research, Internet Research: Electronic Networking Applications and Policy, Vol. 10, No. 5, pp. 424-438.…

    • 2645 Words
    • 11 Pages
    Powerful Essays
  • Better Essays

    Turban, E., King, D., & McKay, J., Marshall P., Lee, J., Vieland, D. (2008). Electronic Commerce: A Managerial Perspective (5th ed.). Upper Sadddle, NJ: Pearson Prentice…

    • 1415 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    1. How has the internet affected marketing and the models we use to understand it?…

    • 401 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Sample Persuasive Message

    • 1610 Words
    • 7 Pages

    References: Turban, E., King, D., McKay, J., Marshall, P., Lee, J., & Viehland, D. (2008). Electronic commerce 2008: A managerial perspective (5th ed.). Upper Saddle River, NJ: Pearson Prentice Hall.…

    • 1610 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Electronic retailing or e-tailing has generated an entirely new way of approaching the marketing of products and services. The potential for business to reach an almost unlimited number of consumers is staggering. The Internet provides consumers with an equally unlimited amount of availability and it has become a cultural norm in our society. The benefits of this availability are numerous, with businesses able to obtain live data containing market interests and characteristics of the market, thereby increasing the ability to understand consumer choices. The data provides information that can then be used in an effort to predict behavior and choices. The communication model allows consumers to browse through all types of products; the data aids in making strategic decisions and helps businesses stay competitive.…

    • 1113 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Marketing

    • 6806 Words
    • 28 Pages

    must consider how domestic market research differs when conducted in international markets. In an effort to help internal client side marketing research managers…

    • 6806 Words
    • 28 Pages
    Powerful Essays
  • Satisfactory Essays

    busineess

    • 4233 Words
    • 17 Pages

    Businesses worldwide want to create a close bond with their customers which provides customer satisfaction and a business to customer relationship which provides loyalty, trust and profit as well as a competitive advantage.If a business such as ASOS offer good customer service and customers are pleased with their service as well as delivery, products etc then they may always shop with ASOS due to their convenience and good customer service. Internet Marketing allows business to evaluate demand and see whether the strategies they use are of good customer satisfaction. This blog will explain the effectiveness of internet marketing in meeting customer needs by looking at the advantages and disadvanatges of internet marketing.…

    • 4233 Words
    • 17 Pages
    Satisfactory Essays
  • Better Essays

    Shopify Case Study

    • 1024 Words
    • 5 Pages

    In today’s world, e-commerce has taken a prime spot in retail sales. Online stores are becoming more mobile friendly and user friendly, so as to ensure a seamless and satisfying experience for worldwide customers. E-commerce platforms and mediums are now becoming digital marketing hubs amongst frequent shoppers. They make use of numerous marketing channels in attracting traffic, and customer preferences and interests.…

    • 1024 Words
    • 5 Pages
    Better Essays
  • Best Essays

    Apple E Business

    • 2472 Words
    • 10 Pages

    Borders, A.L., Johnston, W.J. and Rigdon, E.E., 2001, Beyond the dyad: electronic commerce and network perspectives in industrial marketing management, Industrial Marketing Management, Vol. 30 No. 2, pp. 199-205.…

    • 2472 Words
    • 10 Pages
    Best Essays
  • Better Essays

    Term Paper

    • 1517 Words
    • 7 Pages

    Internet marketing is use of internet and associated digital technologies to attain marketing objectives and support modern concepts. Internet marketing is a marketing strategy used by businesses to process new products online and offer customer services online. Internet is applied to all marketing communication aspects and supports marketing process. Internet marketing is a significant part of marketing mix in several organizations. Internet marketing can be applied by business as an integral part of the modern marketing because it is a powerful communication means which acts as a corporate glue that incorporates different functional parts of the organization (Malan, 2010, April 19). It supports a full range of organizational processes and functions that offer products and services to key shareholders and customers. Internet marketing facilitates management of information which is increasingly recognized as the main marketing support technique to formulation of strategy and implementation. Internet marketing is the form part of company vision since the future effect is important to many businesses. According to AMA, internet marketing is application of internet and related digital technologies in combination with traditional communication to attain marketing objectives. If internet marketing is fully established and integrated as a strategic marketing management tool, then people should understand the full application of total marketing process (Becherer, 2004, p. 25).…

    • 1517 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Advertisements play a vital role in marketing of technology products. Over a period of time advertising has evolved as a vital communication system for both customer and business markets. The ability of advertiser depends upon how carefully prepared messages are delivered to target audience. From large multinationals to small retailers, all increasingly rely on advertising and on various forms of promotion to help them market product and services in the most efficient manner. With the rapid development of Internet, the way of advertisement is also has been changed. Now producers are interested to introduce the product with least cost to customer and using the Internet technology, which is available at the doorstep of the customer. Customer has no need to visit the retailer of merchants to get the information about the technology product. Even customer can compare the features of various brands Online and take decision for the best technology product. So the use of Internet has been increased in past decades. Conducting business in the digital economy means using web-based systems on the Internet and other electronic networks to do some form of electronic commerce. Internet is a fast growing tool to promote products and services in the world. It also referred as i-marketing, online marketing, e-marketing and web marketing. This is considered as a strong medium that brings unique benefits to a venture by taking their product and services to the platform of the world at lower costs. The business of any kind of product is now driven with the strategy of marketing through Internet as it is used as a source to reach and communicate the customers using the Internet, companies can provide information about their products and services to the customers through the websites, search engines to co-ordinate the customers and the sellers. Customers can use e-mail to connect to the producers. In today's turbulent times, an effective and innovative marketing medium is…

    • 488 Words
    • 2 Pages
    Good Essays

Related Topics