In the contemporary world, the shape of marketing has changed, a successful company does not only depend on world-of-mouth and convictive advertisement any more. For a company, internet marketing plays a significant role in obtaining real achievement among the competitive environment. Because customers have been online, it is the right step to deliver companies’ information to the customers by internet now.
There are several advantages of internet marketing. Firstly there are more enquiries in internet marketing; therefore it will lead to more sales. Secondly internet marketing can maximize the potential of company website, which will result in more flexible ability of company. Thirdly comparing to expensive publication and advertisement, internet marketing cuts operational and marketing cost in other areas such as phone call enquiries...etc. Lastly business can be expanded to the world and this means a larger market, and then it will have possibilities of other business opportunities such as Internet Business.
Amazon is the most successful company in internet marketing recently. It was found in 1995 as a small internet book shop. However nowadays Amazon is an internet empire, besides books, the products include movies, music, software, handbags and so on. In terms of the book sales, Amazon bookstore (amazon.com) is the world's biggest bookstore. It can provide 310 million books catalogues, which is 15 times more than any bookstores in the world. But it needs neither huge buildings nor lots of staff. There are only 1,600 employees in Amazon bookstore, however, their average turnover is 37.5 million dollars per person per year, 3 times more than the largest global book company (Bames & Noble) which employs 27,000 employees .All in this realization, e-commerce is the fundamental factor.
Despite of the importance of e-commerce in successful achievement, marketing research plays a significant role in internet marketing. Because marketing research must be the first step for any type of marketing, which provides theory basis for strategic planning and decision making for company. In many famous international companies, marketing research budget generally accounts for around 3% of enterprise sales, which indicates that marketing research is indispensable. What is more, in Amazon this percentage is up to 14%. This evidence shows that marketing research is a fundamental part in internet marketing. Nowadays internet market is considered as the largest market in the world, which is also the most complicated, changeable and competitive one. In terms of price, for instance, the average price of a Nike shoes is 20 pounds in internet market, shop A prices it 25 pounds without marketing research, shop B goes to compare website to do research and then prices it 19 pounds. In this case, it is obviously that shop A loses the competitiveness.
To sum up, internet marketing plays a significant role in today's digital world. And it is absolute necessary to consider internet marketing in my company if we want to survive and be sucessful in competitions. What is more, it is fundamental to consider the importance of marketing research in internet marketing.
Reference
www.amazon.com
There are several advantages of internet marketing. Firstly there are more enquiries in internet marketing; therefore it will lead to more sales. Secondly internet marketing can maximize the potential of company website, which will result in more flexible ability of company. Thirdly comparing to expensive publication and advertisement, internet marketing cuts operational and marketing cost in other areas such as phone call enquiries...etc. Lastly business can be expanded to the world and this means a larger market, and then it will have possibilities of other business opportunities such as Internet Business.
Amazon is the most successful company in internet marketing recently. It was found in 1995 as a small internet book shop. However nowadays Amazon is an internet empire, besides books, the products include movies, music, software, handbags and so on. In terms of the book sales, Amazon bookstore (amazon.com) is the world's biggest bookstore. It can provide 310 million books catalogues, which is 15 times more than any bookstores in the world. But it needs neither huge buildings nor lots of staff. There are only 1,600 employees in Amazon bookstore, however, their average turnover is 37.5 million dollars per person per year, 3 times more than the largest global book company (Bames & Noble) which employs 27,000 employees .All in this realization, e-commerce is the fundamental factor.
Despite of the importance of e-commerce in successful achievement, marketing research plays a significant role in internet marketing. Because marketing research must be the first step for any type of marketing, which provides theory basis for strategic planning and decision making for company. In many famous international companies, marketing research budget generally accounts for around 3% of enterprise sales, which indicates that marketing research is indispensable. What is more, in Amazon this percentage is up to 14%. This evidence shows that marketing research is a fundamental part in internet marketing. Nowadays internet market is considered as the largest market in the world, which is also the most complicated, changeable and competitive one. In terms of price, for instance, the average price of a Nike shoes is 20 pounds in internet market, shop A prices it 25 pounds without marketing research, shop B goes to compare website to do research and then prices it 19 pounds. In this case, it is obviously that shop A loses the competitiveness.
To sum up, internet marketing plays a significant role in today's digital world. And it is absolute necessary to consider internet marketing in my company if we want to survive and be sucessful in competitions. What is more, it is fundamental to consider the importance of marketing research in internet marketing.
Reference
www.amazon.com