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2. Agenda. Regional Training Workshop for Enterprise Support Agencies to Promote E-business for SMEs in the Greater Mekong Subregion (GMS), 26-28 June 2006, Bangkok. Markets and e-marketspaceE-marketing strategiesProduct development strategyPricing on the InternetBranding and traffic buildingWe
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2. 2 Markets and e-marketspace
E-marketing strategies
Product development strategy
Pricing on the Internet
Branding and traffic building
Web site promotion and advertising
Types of e-Markets (product, pricing)
Advertising (placement, promotion)
Search engine positioning (example)
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Impulsive buyers: purchase quickly
Patient buyers: make some comparisons first
Analytical buyers: do substantial research before buying
4. 4 Functions of markets Three main functions of markets
Matching buyers and sellers
Facilitating the exchange of information, goods, services, and payments associated with market transactions
Providing an institutional infrastructure, such as a legal and regulatory framework, that enables the efficient functioning of the market
5. 5 E-Marketspace A marketplace in which sellers and buyers exchange goods and services for money (or for other goods and services), but do so electronically.
Components
6. 6 The essential issues of marketing are also referred to as the four Ps of marketing mix:
Product: Physical item or service that a company is selling
Pricing: Amount the customer pays for the product
Placement: How the product/service gets to the customer, sometimes called place referring to where a product/service is sold
Promotion: Any means of spreading the word about the product
7. 7 There are extra tree Ps as the extended marketing mix:
People: Right person, trained well, motivated
Process: Providing services to customers
Physical evidence: Case studies, testimonials
8. 8 Types of E-Markets E-storefront: A single or company Web site where products and services are sold
E-mall (online mall): An online shopping center where many stores are located
some are merely directories
some are actually large click-and-mortar retailers (e.g., shopping.com)
some are virtual retailers (e.g., buy.com)
9. 9 Types of E-Markets (cont.) E-marketplace: An online market, usually B2B, in which buyers and sellers exchange goods or services; the three types of e-marketplaces are private, public, and consortia
Private e-marketplaces: Online markets owned by a single company; can be either sell-side or buy-side marketplaces
Sell-side e-marketplace: A private e-market in which a company sells either standard or customized products to qualified companies
Buy-side e-marketplace: A private e-market in which a company makes purchases from invited suppliers
Public e-marketplaces: B2B markets, usually owned and/or managed by an independent third party, that include many sellers and many buyers; also known as exchanges
Consortia: E-marketplaces owned by a small group of large vendors, usually in a single industry
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The identification of specific portions of a market and targeting them with specific advertising messages
Divides the pool of potential customers into segments
The practice of targeting very small market segments - micromarketing
11. 11 Marketers have traditionally used three categories of variables to identify market segments
Geographic segmentation: location
Demographic segmentation: age, gender, family size, income, education, religion, or ethnicity
Psychographic segmentation: social class, personality, or their approach to life
12. 12 The first step in doing business on the web is to acquire or draw visitors to the site itself
The second step is converting those first time visitors into customers by persuading them to make a purchase or register with the site, etc.
Customers who return to the site one or more times after making their first purchases are retained customers
13. 13 Advertising is all about communication between:
a company/organization and its current customers
a company/organization and potential customers
a company/organization and its former customers
To be effective, firms should send different messages to each of these audiences
14. 14 Banner ads: most popular, different sizes and styles
Pop-up ads: popular, another type is pop-behind
E-mail marketing: powerful, economical, legal implications, spam
Affiliate marketing: commission-based, benefit of the selling sites brand in exchange for the referral
15. 15 Potential customers find web sites in many different ways
Some site visitors will be referred by a friend, others by affiliates, some will see the sites URL in a print advertisement or on television
Many site visitors will be directed to the site by a search engine
16. 16 A search engine helps people find things on the web
A search engine has three major parts:
A spider, a crawler, or a robot
Index or database
Search utility
Search engine positioning is also called:
Search engine optimization
Search engine placement
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