Vinit Chheda Black Book
Vinit Chheda Black Book
Vinit Chheda Black Book
INTRODUCTION
MARKETING:
Mar-ket-ing spelled pronunciation [mahr-ti-ting]
2.the total of the activities involved in the transfer of goods from the producer or
seller to the consumer or buyer including advertising shipping storing and selling
at the beginning of the centurysocial life was mostly local.It was followed by the
period in which the commodities were produced on the mass scale.consumer
marketing operated on mass marketing principles and business primarily
concerned itselfwith how to build the best sales force.At the end of the century
there is an emerging globak culture the major focusing on th individual.these
changes shape the possibility and the conduct of the business marketing is
especially tied to communication and transportation revolution.As the tools and
reach of marketing increase the job and responsibilities of marketers have
evolved with them.
Philip kotler:
Formalized this evolution with his book called marketing management his key
stages are production and sales and brand management each of this strongly
motivated by the technological opportunities which permit new methods and
new opportunities a fourth stage afocus on the individual customer is also
important as the new technology of the internet develops it reinforces the new
marketing emphasis which in many ways is a return to the business at the turnoff
the century.In todays techonology driven world anew fast oaced digital economy
is emerging tomorrow tere will be companies that will exsist only inside the
computer networks most business transactions will be made electronically
directly from the producer to the consumer become an intergral player in the
development of the product.In fact a consumer might build the product himself
from the wide aary of parts provided by the company it is e-commerce that is
changing the way products and services are conceived manufactured promoted
priced distributed and sold.the big reason that id much cheaper it allows vast
coverage and help in serving the customer better.
EVOLUTION OF MARKETING:
In a lot of ways marketing is an old civilization itself from the ancient Greece to
our modern days culture has its trading and selling upon the communication in
order to move the products faster thasn the next man to him I have been always
ssen it as aconcept much like Drawins SURVIVALOF THE FITTEST-or what will be
callin this case the act of persuasionman is an undeniably always trying to
outshine others and when it comes to selling the concept is not far from
it.Nevettheless much of the philosophies we know today are rootedin the
techniques and development from the industrial revolution.mass production
coupled with the advancements in the transportation and technology meant that
a businessman needed abetter strategy when it came to the movement of
goods,With the nations appliny law against monopoly how exactly does one sell
something whrn ones competitior is producing the exact same thing?AHH enter
the marketer then is when our profession is officially and truly born.corporations
became aware of the need of the individual that would study the markets and
consumers its behavior patterns and steps to be ahead of the game Whatt started
out as a resources that determined what an organization would produce has
transformed into a science tha coordinates why,and awgn how much of the good
will be manufactured and where it will be sold.companies went from inward to
outward thinking and our contribution has never been as clear as it is today.
2.THE PRODUCTION ORIENTED ERA: Enter the industrial age since goods
were scare businesses focused mainly in manufacturing as long as someone was
producing someone else want to buy it.this is the orientation rose to popularity
due to shortages in market hence creating the foundation of jean-baptise says
famous remarkSUPPLY CREATES ITS OWN DEMAND.
4.THE MARKETING ORIENTATION ERA: from the second half of the century
onwaed,the saturation of the markets led the companies ro bestow upon
marketers the opportunity to perform on more strategic level through aprofound
knowlwdge on yhe customer these professionals were involved in what the
company would produce,its distribution channel and pricing
strategies.Employesses within an organization were also motivated to acquire the
marketing knowlwdge,which set the grounds to the clients obtaining a general
brand experience.But await theres more According to the recent publications
two new ers have been added to the list.
1.to compare the trust level of traditional advertising and digital advertising
consumers point of view
PURPOSE AND SCOPE STUDY: It is true that people have started realizing
that can serve as a one stop[ point for all their needs.Be it
communication,entertainment,shopping,information search, internet serves as
apanacea for all their requirements.This has led 70% of the ever users to glue
themselves to the internet and access it on a regular basis this is an oppourtinity
for advertiser to exploit this revolution but is it the end of traditional
advertising?Is digitaladvertising effective and efficient compared to traditional
market form? Does it fulfills the basic objective of advertisement[create
awareness,togenerate,sales build positive image,etc.]??.The problem is that
,volumes of the customers are online eveydayfor their personal work,but do they
notice the ads,banners etcdisplayed on that webpage most important what is
their recall/remembrance value.What about the reach of online advertising is it
effective across over all target groups/We have trusted traditional advertisingall
these years and its proven medium that fulfills all the objective of advertising
,can be solved one the same trust for online advertising
DETERMINING THE SAMPLE DESIGN: sample means the part of the whole.
Sample selected are the users of the internet and they have the knowledge about
the internet sample selected belongs to all age groups.The sample size of the
research is 100.Sample procedure judgemental non probablility sampling can be
used to select the individual units for better productivity of the
questionnaire.Awelleducated person may be able toreason out the questions in
the better way.
COLLECTING THE DATA:
secondary
primary data
source of data
PRIMARY DATA : The primary source of data is the first hand data.the data was
collected through questionnaire ,personal interview Interview with marketing
professional.
DEFINITIONS:
PROCESS:
INTERPRETATIO
RETENTION
N
PROS: .No restrictions in terms of type of the content or size as the user
determine what thy want.
No techonology required to send the content ,only to store/display it.
No regulations or opt-in process required.
Cons:
Considerable marketing effort required for the users to find the
message/content.
Limited tracking capabilities only total download,pages views ,etc.
No personalization content is received the same across all audience.
Cons:
DIGITAL MARKETING
7 PS OF DIGITAL MARKETING: The four ps
product,price,place,promotion have long been
associated with marketing but the things have changed
on the internet .so long with a change in the nature of
the 4 ps there are three new ps which are revelant to
the digital marketer
PRESENTATION,PROCESSESS,PERSONILIZATION.
1.PRODUCT: product on the internet usually changes
from online and the user experience it electronically in
the form of text messages images and multimedia
physical goods are usually presented in the form of
detailed online category and the customer can browse
throught technology allow the user to virtually touch
and feel the product on the internet.On the internet E-
marketing will be based more on the product quality
rather than on the price.It will be the uniqueness of the
product to be able to attract the customers and retain
them the company will have to provide nouvelle and
distinct product that forecesthe net users to purchase
and come back for more.
2.PRICE:.Price has drastically changed over the
internetit lets the buyer decides the price also it gives
the buyer the information about the multiple sellers
selling the same product it lead to the best possible deal
for the buyers in terms of price.Pricing is dynamic over
the internet.
3.PLACE: Place revolves around the setting up the
marketing channelto reach the customers internet
serves as the direct marketing channel that allow the
producer to reach the customer directly.the elimation of
the intermediate channel allows the producer to pass
the resuced the distribution cost to the customer in the
form of the discounts.
4.PROMOTION: Promotionn is extremely necessary to
entice the customers to its website as rhwre are current
more than one billion webpages .Promoting the
websites includes the both online and offline strategies
online strategy includes search engines optimization
banner ads multiple points of entry viral marketing.there
can be traded like or banner advertisements for the
same also the traditional mediums like print outdoor
advertising and television can be used to spread
awareness.
5.PRESENTATION: The presentation of the online
business to have easy use of the navigation the look and
the feels of the website should be based on the
cooperate logs and standards about 80% of the people
read only the 20% of the webpages therefore the
wbpages should not be cultured with lots of information
in it.Also,simple but powerful navigation aids on all
webpages like search engines make it easy fo the
customer to finf their way around.
6.PROCESSES: customer suppoet need to be
integreated into the online websites.A sales service thart
will able to answer the question of their customer fast
and reliable manner is necessary.To the further enhance
after sales service customer must able to find about
their order status after the sales had been made.
7.PRESONALIZATION: using the latest software it is
possible to customize the entire web site for every single
user without additional cost the mass customization
allowa the company to create web pages products and
services that suits the requirement of the user.A
customized web page does not only include the
preffered layout of the customer but also pre-selection
of the goods the customer may be interested in.
ADVERTISING
Traditional market is static It is dynamic with
multimedia supporting text
and graphics video sound
all together
Space is not a restricting Space is the problem as
factor regards,size of the banners
The proportion of A web page would
advertising tp editorial is take91%editorial and 9
high sometimes50:50 %advertising
Does not evoke immediate Invokes immediate action
action as you at-least need to
click on the end
Response to the action is First response is immediate
not immediate as when the user clicks,the
person directed to other
webpage with more details
PART III
AD REMEMBRANCE:
The question was asked in the survey was the
latest ad they rember in the specific medium
Interpretation
1.Only 11 % could remember their last nline as
whereas 90% could remember the tv commercial.
2.In,this case also traditional form of advertising
has a huge edge over the online form
CHAPTER.8 CONCLUSION
Partially it has been proved throught the research
that the online advertisingis neither effective or
nor reliable as compared to traditional medium
which is television commercials and printsi.e.
newspapers and magazines.Also,consumers trust
the traditional medium rather than online and
there is the vas tdifference in their trust
leveks.Ofcourse it could be of the Indian culture
which is different from the other countries that
are more into e-commerce and prefer to buy the
things online and they trust the internet more as
compared to other mediums therefore the
internet advertising is more successful in that
countries all in india as we prefer tp tangibiles the
things that we buy being collective we go
shopping along wih family friends and relatives.
THE OTHER SIDE OF THE COIN:
In the world of digital advertising clck through is
viewed as the primary measure of advertising
effectiveness this metric quantifies how marketing
communication can be directly linked to
immediate consumer action but the metric has
certain acknowledgement shortcomings primary
reliance on click through does not recognize that
in many cases consumer who are exposed to
advertising over the internet may not currently
have the need for the products and the services
being advertised to them.Additionaly click
through does not quantify the perceptions of the
brand being advertised .Advertisers in the offline
world realize that the consumer may not have the
immediate need to purchase a product and
services at the moment it is being
advertised.Realizing this aspect of the consumer
behavior a common advertising strategy is to build
awareness of a product and form positive
associations between that product and consumer
over time so rhat whn need arises tp purchase
from a given category a customer is more likely to
consider the advertised product.In ,most cases
users view the banner advertisiemnts as nuisance
as they are encouraged in the other activities
while they are being exposed to the
ads.Additionally we can assume the most people
exposed to an ad do not have the for need for the
products being advertised at that time.herefore
these ads are less likely to be noticed.In order to
have an impact on the brand metrics we can
hypotheses that getting a message in front of
some as quickly as possible,before they scroll
away is of extreme importance in addition the
presence of the logo,size of the banner should
have all the impact on the banners ability to
brand.
LAST WORD:
Finally I would like to end by saying that the
internet has opened up a new avenue for reaching
the end of the consumer it is still very much an
open field .This is true as there is no fixed way of
strategy for marketing on the net .It is still very
much an arean where ingenuity and crartive
thinking very much rule the roost.Thus marketing
as usual has not changed i.e. it is still the same
usual self unpredictable but very much required.
CHAPTER.9 RECOMMENDATIONS
SOCIAL MEDIA MARKETING:
The influence of the traditional market havr over
the consumer perception is the warning as the
people migrate to variety of social media
technologyfor entertainment and to share
information with each other but these social
media outlets are more than another channel
throught which to delier the message to the the
marketplace companies like dell Microsoft using
successfully social media marketing strategies to
understand and engage their audience more
deeply with demonstable business results social
media is an marketing impact on al the aspects of
business communication today. Reliance is the
latest addition to the social media marketing.
THE SOCIAL WEBS NEW COMMUNICATION
FORMS DRAW MORE USERS
Communication have always been the
fundamental value of the internet to consumers
back in the net early days e mail was the killer app
that made the web must have and continues to be
a mainstay of the online experience
communication acrivities split the loions share
consumers online time with content and far
outstrip commerce and entertainment.
TECHNOLOGY-POWERED
COMMUNICATIONS ACCELERATE THE
WORLD:
1.E-mail was the first practical application of the
internet for the most people and it was the first
word of mouth accelerate as it eabled people to
connect with family and frieds instantly and
frequently.
2.Users and groop discussion broad made it easy
for the people to find with similar interests and
consumers learned the internet freed from the
mouth lomit of geography and personal
connections
3.consumers review sites used the discussion
board format but focused the discussion around
specific products such as books at amazon
consumer embraced the idea of reading the books
review system written by thebother readers and
not relying on professional reviewers opinions to
decide whether to pick up the latest bestseller.
4.Blogs freed consumers from the limited
membership of discussion boards blogs sites
blogger made it simole for an average web user to
post his or her opinions to the world with the
armed with a browser basic typing skills and basic
straight foward web commands anyone can
publish their thoughts rants or daily journal in few
minutes a day.
5.consumer soon learned theit cversations arent
limited to worlds digital photography boom
introduced people sharing their creations first viaa
e-mail then via first generation photo sharing sites
like photobucket.com
6.social network like my space skew more towards
the social end of the social to content continuum
they combine a selection of social media tools
likes blogs photo sharing etc. to give the author
the platform for expressing their passions and
preferences while at the same time serving as a
central communication hub for group of friends
early on,bands would bild online fan communities
to promote their music now brands like burger
king,Toyota etc are now become brand building
hubs.
SOCIAL MEDIA TRANSFORMS
COMMUNICATION INTO CONTENT.
These new tools blur the line between
communication and the content blogs are the
natural examples of how content and
communication blend into single experience each
entry is a short article essay news items but
bloggers mean to stimulate feedback and
conversation as readers ad contents and linlks to
oher blog to make the point they interplay results
in dialogue of different prospective and poinions
sometimes the resulting communication can be so
influenced they end up talking the story is entirely
new directions.
SOCIAL MEDIA BEINGS TO IMPACT
BRANDS
One of the most exciting and powerful forms of
social media is the video are the ultimate
expression of the creativity since they can mashup
elements and messages from the audio video
blogs company created message and media
coverage.Social media sites like orkut myspace
and facebook are usually seen just places where
people go to connect with friends and find others
with similar intrest.
THE OTHER SIDE OF INFLUENCE:
Often the siscussion can be positive about your
products and the experiences consumers have
hasd with you but sometimes they can be
negative on the one hand this increases the
number of potential critics and they dont need to
have impressive qualification or credentials to be
influential.On the other hand all these negative
opinions are public and searchable allowing the
companies to prepare a response a story get wide
coverage blogger at top companies agree that
learning about and dealing with negative stories
as they emerge is smarter than waiting until they
hit the newspaper or evening news show.
DRIVING BUSINESS RESULTS WITH SOCIAL
MEDIA:
1.onotoring also helps companies to track the
evolution of known trend in order to quantify the
onces gaining the most attention and accepetance
the target audience.
2. measurement provides the quantitative
reporting data on the specific issues and buzz
driving media coverage making it easy to
demonstrate the impact of pr and marketing
effort.
BOOKS
1.marketing management-N.G.Kale,m
Ahmed
2.Digital marketing-godfery parkin
3.marketing management-philip kotler
CHAPTER.11 ANNEXURE
QUESTIONNAIRE
NAME: __________________________
AGE GROUP
1. BELOW 18 YEARS
2. 18-25 YEARS
3. 25-40 YEARS
4. 4.40-55 YRARS
5. ABOVE 55 YEARS
GENDER
o MALE
o FEMALE
1.INFORMATIVE
2 ENTERTAINING
3 CREATING AWARENESS
4.ITS IRRITATING
5 ANNOYING
1.INFORMATIVE
2. ENTERTAINING
3.CREATES AWARENESS
4.ITS IRRITATING
5.WASTE OF TIME
3.TV COMMERCIAL
4.ONLINE ADVERTISEMENT
5.SOCIAL MEDIA-BLOG,FORUMS,SOCIAL
NETWORKING SITES.
1.TV COMMERCIAL
2.PRINT ADS:NEWSPAPERS,MAGAZINES
3.OOH:BANNERS,POSTERS
4.ONLINE ADS:BNNERS,E-MAILS
2.RADIO
3.TV
5.NEWSPAPERS
6.MAGAZINES
8.BRAND WEBSITES
10.BRAND SPONSORSHIP
2.1-2 HOURS
3.2-4 HOURS
4.4-6 HOURS