Home
Business > Marketing
::
E-marketing Strategy: 7
Dimensions To Consider
START
YOUR OWN INTERNET HOME
BUSINESS RIGHT NOW
!!!
E-marketing Strategy: 7
Dimensions To Consider
(The E-marketing Mix)
by: Otilia Otlacan
What is e-Marketing?
e-Marketing is still quite a controversial subject to talk about, since
no one succeeded to unify the various theories around it; however there
is one thing upon which there is no doubt that e-Marketing first
appeared under the form of various techniques deployed by pioneer
companies selling their products via the internet in the early 90's.
The frenzy around these new marketing techniques created by e-tailers
and supported by the internet rapidly gave birth to a new dimension of
what we knew as Marketing: the e-Marketing (electronic Marketing).
There are many definitions to what e-Marketing is, the simplest and
shortest one being formulated by Mark Sceats: e-Marketing is Marketing
that uses the internet as manifestation media. A working definition is
that coming from a group of CISCO specialists: e-Marketing is the sum of
all activities a business conducts through the internet with the purpose
of finding, attracting, winning and retaining customers.
e-Marketing Strategy
The e-Marketing Strategy is normally based and built upon the principles
that govern the traditional, offline Marketing the well-known 4 P's
(Product Price Promotion Positioning) that form the classic
Marketing mix. Add the extra 3 P's (People Processes Proof) and
you got the whole extended Marketing mix.
Until here, there are no much aspects to differentiate e-Marketing from
the traditional Marketing performed offline: the extended Marketing mix
(4 3 P's) is built around the concept of "transactional" and
its elements perform transactional functions defined by the exchange
paradigm. What gives e-Marketing its uniqueness is a series of specific
functions, relational functions, that can be synthesized in the 2P 2C 3S
formula: Personalization, Privacy, Customer Service, Community, Site,
Security, Sales Promotion.
These 7 functions of the e-Marketing stay at the base of any e-Marketing
strategy and they have a moderating character, unlike the classic
Marketing mix that comprises situational functions only. Moderating
functions of e-Marketing have the quality of moderate, operate upon all
situational functions of the mix (the classic 4 P's) and upon each other.
1. Personalization
The fundamental concept of personalization as a part of the e-Marketing
mix lies in the need of recognizing, identifying a certain customer in
order to establish relations (establishing relations is a fundamental
objective of Marketing). It is crucial to be able to identify our
customers on individual level and gather all possible information about
them, with the purpose of knowing our market and be able to develop
customized, personalized products and services.
For example, a cookie strategically placed on the website visitor's
computer can let us know vital information concerning the access speed
available: in consequence, if we know the visitor is using a slow
connection (eg. dial-up) we will offer a low-volume variation of our
website, with reduced graphic content and no multimedia or flash
applications. This will ease our customer's experience on our website
and he will be prevented from leaving the website on the reason that it
takes too long to load its pages.
Personalization can be applied to any component of the Marketing mix;
therefore, it is a moderating function.
2. Privacy
Privacy is an element of the mix very much connected to the previous one
personalization. When we gather and store information about our
customers and potential customers (therefore, when we perform the
personalization part of the e-Marketing mix) a crucial issue arises:
that of the way this information will be used, and by whom. A major task
to do when implementing an e-Marketing strategy is that of creating and
developing a policy upon access procedures to the collected information.
This is a duty and a must for any conscious marketer to consider all
aspects of privacy, as long as data are collected and stored, data about
individual persons.
Privacy is even more important when establishing the e-Marketing mix
since there are many regulations and legal aspects to be considered
regarding collection and usage of such information.
3. Customer Service
Customer service is one of the necessary and required activities among
the support functions needed in transactional situations.
We will connect the apparition of the customer service processes to the
inclusion of the "time" parameter in transactions. When
switching from a situational perspective to a relational one, and
e-Marketing is mostly based on a relational perspective, the marketer
saw himself somehow forced into considering support and assistance on a
non-temporal level, permanently, over time.
For these reasons, we should consider the Customer Service function (in
its fullest and largest definition) as an essential one within the
e-Marketing mix.
As we can easily figure out, the service (or assistance if you wish) can
be performed upon any element from the classic 4 P's, hence its
moderating character.
4. Community
We can all agree that e-Marketing is conditioned by the existence of
this impressive network that the internet is. The merely existence of
such a network implies that individuals as well as groups will
eventually interact. A group of entities that interact for a common
purpose is what we call a "community" and we will soon see why
it is of absolute importance to participate, to be part of a community.
The Metcalf law (named after Robert Metcalf) states that the value of a
network is given by the number of its components, more exactly the value
of a network equals the square of the number of components. We can apply
this simple law to communities, since they are a network: we will then
conclude that the value of a community rises with the number of its
members. This is the power of communities; this is why we have to be a
part of it.
The customers / clients of a business can be seen as part of a community
where they interact (either independent or influenced by the marketer)
therefore developing a community is a task to be performed by any
business, even though it is not always seen as essential.
Interactions among members of such a community can address any of the
other functions of e-Marketing, so it can be placed next to other
moderating functions.
5. Site
We have seen and agreed that e-Marketing interactions take place on a
digital media the internet. But such interactions and relations also
need a proper location, to be available at any moment and from any place
a digital location for digital interactions.
Such a location is what we call a "site", which is the most
widespread name for it. It is now the time to mention that the "website"
is merely a form of a "site" and should not be mistaken or
seen as synonyms. The "site" can take other forms too, such as
a Palm Pilot or any other handheld device, for example.
This special location, accessible through all sort of digital
technologies is moderating all other functions of the e-Marketing it
is then a moderating function.
6. Security
The "security" function emerged as an essential function of
e-Marketing once transactions began to be performed through internet
channels.
What we need to keep in mind as marketers are the following two issues
on security:
- security during transactions performed on our website, where we have
to take all possible precautions that third parties will not be able to
access any part of a developing transaction;
- security of data collected and stored, about our customers and
visitors.
A honest marketer will have to consider these possible causes of further
trouble and has to co-operate with the company's IT department in order
to be able to formulate convincing (and true, honest!) messages towards
the customers that their personal details are protected from
unauthorized eyes.
7. Sales Promotion
At least but not last, we have to consider sales promotions when we
build an e-Marketing strategy. Sales promotions are widely used in
traditional Marketing as well, we all know this, and it is an excellent
efficient strategy to achieve immediate sales goals in terms of volume.
This function counts on the marketer's ability to think creatively: a
lot of work and inspiration is required in order to find new
possibilities and new approaches for developing an efficient promotion
plan.
On the other hand, the marketer needs to continuously keep up with the
latest internet technologies and applications so that he can fully
exploit them.
To conclude, we have seen that e-Marketing implies new dimensions to be
considered aside of those inherited from the traditional Marketing.
These dimensions revolve around the concept of relational functions and
they are a must to be included in any e-Marketing strategy in order for
it to be efficient and deliver results.
-----------------------------------------------------------------------------------------------------------
PERMISSIONS
TO REPUBLISH: This article may be republished in its entirety free of
charge, electronically or in print, provided it appears with the included
copyright and authors resource box with live website link.
Courtesy
of http://hombyz.com
|
About The Author
Otilia is a certified Marketing
consultant with expertise in e-Marketing and e-Business. She
developed and teach her own online course in Principles of
Marketing (http://class.universalclass.com/emarketing). You can
contact Otilia through her Marketing resources portal at http://www.teawithedge.com
|
<<
Back to Internet Marketing Articles
|
Related
Internet Marketing Articles
|
|