Online marketing also
referred to as Online Marketing is relatively inexpensive when compared
to the ratio of cost against the reach of the target audience. Companies can reach a wide audience for a small fraction of traditional advertising budgets. The nature of the medium allows consumers to research and purchase products and services at their own convenience. Therefore, the business has the advantage of appealing to consumers in a medium that can bring results quickly. Strategy and overall effectiveness of marketing campaigns depend on business goals and cost-volume-profit (CVP) analysis.
Online marketers also have the advantage of measuring statistics easily and inexpensively. Almost all aspects of an Internet marketing campaign can be traced, measured, and tested. The advertisers can use a variety of methods: pay per impression, pay per click, pay per play, or pay per action. Therefore, marketers can determine which messages or offering more attractive to spectators. Results
of campaigns can be measured and tracked immediately because online
marketing initiatives usually require users to click on an ad, visit a
website, and perform a targeted action. The
measurement can not be achieved through billboard, where an individual
will at best be interested, then decide to obtain more information at a
later time.
Internet marketing in 2007 is growing faster than other types of media. Because
exposure, response, and overall efficiency of Internet media is easier
to track than traditional off-line media through the use of web
analytics for instance internet marketing can offer a greater sense of
accountability for advertisers. Marketers
and their clients become aware of the need to measure the collaborative
effects of marketing (ie, how the Internet affects in-store sales)
rather than siloing any advertising medium. Effects
of multichannel marketing can be difficult to determine, but it is an
important part of ensuring the value of media campaigns.
Online
advertising is a form of promotion that uses the Internet and World
Wide Web for the express purpose of providing marketing messages to
attract customers. Examples
of online advertising include contextual ads on search engine results
pages, banner ads, Rich Media Ads, Social network advertising, online
classified advertising, advertising networks and e-mail marketing,
including e-mail spam.
One
major benefit of online advertising is the immediate publishing of
information and content that is not limited by geography or time. To
that end, an emerging area of interactive advertising presents fresh
challenges for advertisers who until now adopt the interruptive
strategy.
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