You Decide E-Marketing Assignment
By: Meagan Ward
Fundamentals of E-Commerce
January 26, 2013
EXECUTIVE SUMMARY
The purpose of this report is to develop an online strategy and create advertising ideas for Mary and Joe Johnson, the owners of Book Bunker. E-Commerce is what businesses and consumers use to buy, sell or exchange products and services over the internet. “E-commerce is a major factor in the U.S. economy because it assists companies with many levels of current business transactions, as well as creating new online business opportunities that are global in nature.” ("Define e-commerce,"). This is considered a business-to-consumer model because the business will be conducting business transaction and communicating with
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One of the most common ways to achieve this goal is by using a cookie, or “data file that is stored on the user’s hard drive, in which information stored is sent by a remote Web server over the internet.” (Turban, King, Lang). This process would allow the user to retrieve information about what the customers are viewing or purchasing on the site. Another good option in my opinion would be to build customer profiles based on prior purchases. This would allow the company to recommend books or audio files based on what is being purchased more often or what the customer favorites are.
ONLINE ADVERTISING The internet is the best place for your company to start advertising since people are spending increasingly more time online as opposed to sitting in front of the television. Banner ads would be an excellent choice to use, as they can be used randomly or in a search engine. I would recommend using a banner that is designed to catch the consumers’ attention as soon as they see it. A keyword banner would appear when a predetermined word is queried from a search engine and could be used to advertise specifically to consumers searching for books or book stores. If you wanted to advertise to a wider spectrum of consumers, random banners could be used to appear randomly in order to promote the store’s new online capabilities. When a user clicks on one of the banners, they are automatically transferred to the company’s website, so they can begin shopping
The Internet over the past few years has seen a huge increase in online businesses and consumers. Electronic-commerce is expected to generate $36 billion in revenue during 1999, up 140% from last year alone.[1] With such a huge amount of money to be made on the Internet it is becoming very appealing for small businesses and start-up companies to try and make their niche in e-commerce. The Internet is drastically affecting the way companies and people conduct business now. E-commerce encourages growth in existing as well as new businesses because of lower overhead costs, the huge consumer base and the freedom of information flow. However the online revolution has created a large
After the consumer makes his selection from the landing page, a transition to the shopping cart and checkout page is simply the next step to complete the transaction. In a business-to-business e-mail marketing campaign the e-mail is only a part of the marketing. The e-mail to a business must contain contact information for offline communications, and an attachment for downloading catalog or price list information. The e-mail is followed up by sales representatives who will also forward quotes and snail-mail an information packet (Weil, 2002).
A Porter analysis will be performed throughout this paper, on the internet sales industry. Included in the Porter analysis is six relative competitive forces; threat of new entrants, rivalry amongst firms, threat of substitute services, bargaining power of buyers, bargaining power of suppliers, and relative power of other stakeholders.
The new advances in technology allow businesses to reach different customer bases. This includes buying and selling products over the Internet. The online shopping process is considered e-commerce. E-commerce is made up of different behaviors but for the purpose of this discussion the three discussed are consumer-to-consumer (C2C), business-to-business (B2B), and consumer-to-business (C2B). The different behaviors have different mediums to reach their targeted audience. The message for each behavior persuades a particular audience to purchase a product using that particular medium. Consumers and businesses look to the web for cost-effective ways to sell and buy products.
The definition of E-Commerce or E-Tailing is replacing the traditional relationship of buying and selling in person or the phone with the use of the Internet, Smart Phones and networking. The more people that use the Internet regularly, the more Internet commerce increases. This causes a continual loop of improvements and innovations of which businesses must be aware. Most economists see e-commerce as a market segment that leads to intensive price competition and consumers armed with greater knowledge. E-commerce has changed business models globally, and allows customers to engage in the process of shopping either online or to a destination. Brick and mortar stores do have a conundrum do you want traffic into the store, or do you want the sale based on ease of shopping and/or convenience? (Eisingerich).
I am choosing to do my Business Analysis paper on e-commerce. I will explain the importance of it as well as the effects on the global economy. I will discuss the advantages of telecommunications and information technologies in a business versus those businesses without e-commerce. I will also discuss the marketing strategies involved with e-commerce and how it helps businesses. Due to the global nature of internet business, electronic commerce (e-commerce) standards have become a priority on the national and international level. While most traditional businesses are subject to local, state, and national
E-tailing, short for electronic retailing is the sale of retail merchandise over the internet. There are many factors that beckon different behaviors in e-tailing ( Searchcio.com, 2011 ). It is the new wave of the world today. As technology steers our habits toward electronic commerce, it affects different behavioral aspects for both e-tailers and their customers. E-commerce, short for electronic commerce, is the buying and selling of goods and services on the internet
The development of the Internet and more specifically the business website has seen brand recognition by consumers escalate to never before seen heights. Because of this brand recognition, it has become important for businesses to design their websites to reflect their overall marketing strategies. This is especially important in the retail world. All retail businesses have a similar overall marketing strategy of generating sales and retaining the customer for future sales. Most of the retail giants still greatly rely on the success of their brick and mortar stores to turn a profit. However, internet sales for these brick and mortar stores have increasingly risen over the last few years to compete with the retail stores like Amazon that are strictly internet based businesses. Brick and mortar retail stores, such as Walmart, Target, Kmart, and Nordstrom, have each designed their websites to reflect the overall retail marketing strategy as well as the individual marketing strategies that have made their brick and mortar businesses successful.
Digital media has had much influence on the field of e-commerce in today’s business environment in the US. Initially, it was not easy for individuals to buy products
This article is excerpted from E-Volve-or-Die.com: Thriving in the Internet Age Through E-Commerce Management, by Mitchell Levy (New Riders Publishing, 2000, ISBN 0-7357-1028-7). www.ups.com
As mentioned in the mini assignment, this paper will focus on analyzing and understanding Staples Inc.’s e-business strategy. Staples Inc. is a large office product chain company operating 1780 stores worldwide, serving individual customers and businesses. Their product line includes office supplies, furniture, business services and technology (Staples Corporate Responsibility Report, 2005). This company has thrived through the years to maintain high product and service standards and also managed to create a huge online presence by crossing the $10billion in online sales threshold (Dragan, January 2013).
contained herein could include technical inaccuracies or typographical errors. Changes are periodically added to the information herein.
An e-commerce web site needs to communicate much more than the average web site. Regular informational websites hope to receive site visitors long enough to keep their attention and share the information; e-commerce web sites want to get a visitor’s attention and provide a compelling argument to convince you to purchase their products. They’re either a small business or large retailer which depends on purchases or services made through their web site. The purpose of this critique is to explain the effectiveness and organization of the retail/e-commerce web site I have chosen with written and visual evidence provided.
With the emergence in technology companies are going through dramatic transformations and are now adopting a direct marketing approach. Direct marketing is the ability to connect directly with targeted consumers on a one-to-one interactive basis. It has also created many benefits for buyers and sellers. For buyers, direct marketing offers a wide selection of products that a store possibly could not hold all of these items. Through technology customers can look at product descriptions, images, customer feedback, and ratings before actually buying the product. This has created a system for a consumer that is convenient, easy, and private. Since online marketing is the fastest-growing form of direct marketing it has forced eBay to find success where they know they can win. The internet has fundamentally changed customers’ notions of convenience, speed, price, product description, and services (495). For sellers, through direct marketing they can find out about customer’s needs, personalized products, and services to match their tastes (496). In turn, customers can ask questions and volunteer feedback. It also offers sellers a low-cost, efficient, and speedy alternative to broaden their markets regionally and globally. Finally ongoing adjustments to prices and programs create greater flexibility within the company. In just this little period of time, direct marketing has become the primary approach and constitutes a whole model for doing business. Worldwide there are 2 billion
revenues via e-commerce in the next two to three years (Richter, 48). The core of e-