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the importance of marketing channels
the importance of marketing channels
Marketing Channels: Nature & Importance
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E-mail Marketing
The online platforms such as websites and portals deployed by BMW often provide a registration form for customers or visitors to register. BMW then uses this information captured by the forms to facilitate direct sales, promotional campaigns, provision of information such as newsletters, etc. This ultimately facilitates brand awareness, customer retention, aside from enabling BMW to learn more about customers’ online behavior and potentially improve its customer relationship management practices. It is an effective strategy as it allows for a fast, secure, and personalized interaction between BMW and its audience. It is important, however to realize that even though it is effective, email marketing has got its limitations in the sense that e-mails may fail to be delivered to recipients, thereby decreasing the scope of its impact.
Have these Strategies been Successful?
For purposes of clarity, the analysis on whether or not BMW’s e-marketing strategies have been successful, we will utilize information from the case study of one of BMW’s subsidiaries, BMW Brisbane, located in Australia. Aside from tis, we will also narrow down the analysis to reflect only two strategies as follows; online advertising and E-mail marketing and messaging. Brisbane BMW has successfully integrated e-marketing communications tools by utilizing it in the following manner; for news alerts, events, new car launches, and customer appreciation through brochures (Vision6, 2005). Through the use of e-mail marketing, the Brisbane BMW subsidiary has been able to drive traffic to their individual website, where customers are treated to a registration form. This registration form then assists the company to capture relevant metadata associated wi...
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... methodology to plan e marketing activities. Kelly School of Business, Indiana University. Accessed on 25th May, 2014 from http://www.mktgsensei.com/AMAE/Marketing%20Strategy/emarkplan.pdf
Mbwette, K. (2013). BMW E-Marketing Analysis. In Acacdemia.edu. Accessed on 25th May, 2014 from http://s3.amazonaws.com/academia.edu.documents/31763238/BMW_eMarketing-libre.pdf?AWSAccessKeyId=AKIAJ56TQJRTWSMTNPEA&Expires=1401018484&Signature=FCCeL93EuvhBtxSTYt8s5YBezqY%3D
Microsoft Advertising. (2014). BMW Drives 10% Increase in Purchase Intent with Online. Microsoft Advertising. Accessed on 25th May, 2014 from http://advertising.microsoft.com/europe/WWDocs/User/Europe/ResearchLibrary/CaseStudy/BE%20BMW%20X1%20Case%20Study_Approved.pdf
Vission6. (2005). Case Study: Brisbane BMW. Vision6. Accessed on 25th May, 2014 from http://www.vision6.com.au/clients/vision6/case_studies/bmw.pdf
Montana Mountain Biking Company has been in business for 16 years providing guided mountain biking trips at four locations in Montana. The success of the company is linked to retaining its customers. Eighty percent of the customers who sign up for the one week guided mountain biking expedition are repeat customers (University Of Phoenix, 2007). An important part of any marketing plan is to understand the customer relationship because ultimately, all profits come from the customers. The challenges facing the Montana Mountain Biking company is not only retaining customers but to attract new customers. The advances in e-marketing have given Montana Mountain Biking some alternatives to traditional marketing plans.
“As the potential customer in a B2B scenario, we are still an individual going through a decision-making process. Although the buying cycle may be different and the decision-making process motivated by different factors, we can still map out and understand how digital branding is having an impact (Rowles,2014).” Although, there is little emotion involved needed to sale the products there must be more emphasis is on the features of the product which, can make this very lengthy to explain all the features. Digital marketing to B2B helps to attract other businesses and make it easier to buy our products. However, since a whole group must decide this could delay the purchase of our products and make it time consuming. To combat this the use of blogs, emails and social media platforms will be implemented. I conclude that digital marketing to B2B is the most effective way to reach customers in the simulation. The strategy is to continually improve ads to reflect the features of the product. This must be done truthfully and prioritizing to the features most desired by the Cost cutter, Innovator, Traveler and Mercedes segment. This will in turn improve market demand in all segments because it would enable the modification of products much more
Over the years, marketing has changed in profound ways. However, customers want to expect the same experience across retail channels. Now a days, in order to target new customers and boost brand image without spending millions of dollars, Integrated Marketing Communications (IMC) is achieved by using social media, online advertising, public relations and viral marketing. This helps consumers understand the message intended and are more inclined to make a purchase. Effective marketing management is crucial in every industry as innovative marketing increases a company’s brand awareness.
Pure France is the commercial trading name Atkins and Jones limited, a fully registered company incorporated in Ireland. They offer property management services in France through their website (www.purefrance.com), but they count with a short budget and few ideas of how expand the business. After running an analysis of their current website we will propose an e-marketing plan for improving their presence on Internet, generate more traffic to their website and convert this traffic into revenues.
Firms today are showing a great interest in finding effective ways to attract and retain customers, simply because e-commerce is moving quickly and the competition has been rapidly increasing throughout the years. As a result, most of the firms are focusing more in the development of their e-marketing methods since it can form a better relationship between the customer and the firm and possibly lead to stronger consumer loyalty. E-marketing is also a main focus as it has become increasingly and internationally popular throughout recent years, since it is a very fast and easy way to portray messages and promote company products and services. It is also an entertaining way for companies to show their individuality and range of offerings in terms of products, services, and communications. Essentially, e-marketing allows for firms to create strong ties with consumers, engaging them, and allowing them easy access from almost anywhere. This project is going to examine Nike’s e-marketing environment through the analysis of Porter’s five forces, to eventually show that firms can face both threats and opportunities in a marketing environment (Kotler et al, 2001). Furthermore, it is going to illustrate how Nike uses sources of social media such as YouTube, Facebook, Twitter and Instagram to entice new customers to its own web-site. It does so by providing motivational videos including famous professional athletes wearing their gear. It also promotes its services by providing photos of products, along with detailed descriptions of their functionality, along with inspiring messages. This report is also going to show the relation of some of the eight different factors called the 8C’s to what Nike’s marketing department has done in order to obt...
Business success in the market relies on its founding platform, the marketing plan. This is a strategic penetration into a new or existing market. This is important because of the various legal, environmental and structural requirements set for new and existing businesses. However, with a broad business marketing knowledge, there are many paths to success at disposal. The Exceptional Learning Academy and Therapy Services’ marketing plan comprehensively covers the domestic and global product branding strategy, pricing strategy, distribution channel analysis and a detailed evaluation of the prior strategies for optimization of operations. The domestic and global product branding looks at the business logo. The business will have a logo that sums up its basic services and promotes the business as well. Notably, the business as a brand is not just the logo, but is the image of its relationship with consumers and employees. The company plans to embark on quality service delivery to the customers and a professional working environment for the business’ staff. This creates an open and warm working environment and in turn builds the business brand name. This will build the business logo as the global business brand.
Digital marketing is a growing field that “promotes products or brands via one or more forms of electronic media.” Examples of “advertising mediums that might be used as part of the digital marketing strategy of a business could include promotional efforts made via the Internet, social media, mobile phones and electronic billboards, as well as via digital and television and radio channels” (businessdictionary.com) This method of advertisement makes a digital marketing analyst necessary to help navigate a company through the proper marketing channels.
In an effort to explain these three strategies congrutently, it is important to realize the necessity to keep the e-commerce sites fluid. E-commerce is a dynamic and constantly changing medium. Customers are fluid also and can move their business to other sites, or as we will show later, use several sites to complete their purchases. Quality improvements and organizational changes are constant to deter the customers from leaving a site and looking elsewhere for products. Adding the creative products to a current well optimized site offers benefit. The benefit can produce positve results for the vendor of the original site and the creative entrepreneur also. Featuring the Thirty-One Productions type of horror entertainment
Price, product, place and promotion, the four Ps of marketing, are fundamental for successful marketing communication. One of its goals is building and reinforcing relationships with clientele, retailers and other people who the company markets their products to. But the main objective is to reach a target market and affect their behavior through informing, convincing and reminding. They must reach out to new consumers and persuade then them to purchase their product, while at the same time they must preserve their current customers. But the no matter how good the promotion, it can never substitute for quality, enormously high prices or inadequate retail distrabution. (http://www.referenceforbusiness.com/management/Log-Mar/Marketing-Communication.html)
Morris, B. (July 26, 2013). Back to the Basics: Why Direct Mail Is Not Dead. The
No doubt, email marketing has a long way to go because it is vibrant, highly efficient, powerful, and inexpensive way to target new customers and sustain existing ones. This marketing technique strengthens the relationship between brand and customers, and also encourages customers to repeat business.
The holiday season is a critical time for retailers. On average, approximately 30 percent of all sales have traditionally occurred between the Friday after Thanksgiving and Christmas, with jewelers and certain other retailers reporting that the holiday season accounted for 40 percent or more of their total annual sales. In recent years, an increasing number of shoppers have been turning to e-commerce sites instead of brick-and-mortar stores for their holiday shopping. For 2016, e-commerce sales are expected to increase by almost 14 percent although total retail sales are expected to increase by only 3 percent. If the predictions prove true, 2016 could be the first holiday season in which e-commerce 's share of holiday sales exceeds 10 percent.
Internet marketing popularity is increasing day by day. Many business organizations are using internet to direct communicate with customer and to get more attention of customers. It helps to build one to one relationship, customer get sufficient information about products and company and company can give enough information about products and company reduce their cost. Internet marketing also helps to reach wider and distant markets; product im...
Many organizations are using the internet to promote their business through website, blogs and twitter. Online marketing is important since it aligns with the way consumers make purchasing decisions. Through the created website you are able to inform the visitors about your products or services and promote special offers. Providing all the details about your product in the website is a way to attract clients to your website. The reason to this is because numerous consumers use social media and research to carry out preliminary product and price before making final decision. Good relation and trust is built since the clients can browse your online store and place orders anytime.
For businesses small and large, marketing is essential in promoting a service or good to potential consumers. The ultimate objective is to maximize profits by creating consumer awareness of a certain brand. The results of successful marketing includes higher sales, and a solid reputation in the industry. In any industry, there are various ways to advertise a product or good. Traditional marketing refers to the non-digital methods of promoting a product, which includes newspapers, radio, direct mail, and telemarketing (“Digital vs Traditional Marketing”). Digital marketing is considered an ‘umbrella term’ which refers to the use of any digital media, such as the internet, social media, emails, and blogs,