eMarketing Strategy: 7 Dimensions to Consider (the e-Marketing Mix)

eMarketing is still quite a controversial subject to talk about, since no one succeeded to unify the various theories around it; however there is one thing upon which there is no doubt - that eMarketing first appeared under the form of various techniques deployed by pioneer companies selling their products via the internet in the early 90's.


What is eMarketing?

The frenzy around these new marketing techniques created by e-tailers and supported by the internet rapidly gave birth to a new dimension of what we knew as Marketing: the eMarketing (electronic Marketing).

There are many definitions to what eMarketing is, the simplest and shortest one being formulated by Mark Sceats: eMarketing is Marketing that uses the internet as manifestation media. A working definition is that coming from a group of CISCO specialists: eMarketing is the sum of all activities a business conducts through the internet with the purpose of finding, attracting, winning and retaining customers.



eMarketing Strategy

The eMarketing Strategy is normally based and built upon the principles that govern the traditional, offline Marketing - the well-known 4 P's (Product - Price - Promotion - Positioning) that form the classic Marketing mix. Add the extra 3 P's (People - Processes - Proof) and you got the whole extended Marketing mix.

Until here, there are no much aspects to differentiate eMarketing from the traditional Marketing performed offline: the extended Marketing mix (4 + 3 P's) is built around the concept of "transactional" and its elements perform transactional functions defined by the exchange paradigm. What gives eMarketing its uniqueness is a series of specific functions, relational functions, that can be synthesized in the 2P + 2C+ 3S formula: Personalization, Privacy, Customer Service, Community, Site, Security, Sales Promotion.

These 7 functions of the eMarketing stay at the base of any eMarketing strategy and they have a moderating character, unlike the classic Marketing mix that comprises situational functions only. Moderating functions of eMarketing have the quality of moderate, operate upon all situational functions of the mix (the classic 4 P's) and upon each other.



1. Personalization

The fundamental concept of personalization as a part of the eMarketing mix lies in the need of recognizing, identifying a certain customer in order to establish relations (establishing relations is a fundamental objective of Marketing). It is crucial to be able to identify our customers on individual level and gather all possible information about them, with the purpose of knowing our market and be able to develop customized, personalized products and services.For example, a cookie strategically placed on the website visitor's computer can let us know vital information concerning the access speed available: in consequence, if we know the visitor is using a slow connection (eg. dial-up) we will offer a low-volume variation of our website, with reduced graphic content and no multimedia or flash applications. This will ease our customer's experience on our website and he will be prevented from leaving the website on the reason that it takes too long to load its pages.Personalization can be applied to any component of the Marketing mix; therefore, it is a moderating function.

2. Privacy


Privacy is an element of the mix very much connected to the previous one: personalization. When we gather and store information about our customers and potential customers (therefore, when we perform the personalization part of the eMarketing mix) a crucial issue arises: that of the way this information will be used, and by whom. A major task to do when implementing an eMarketing strategy is that of creating and developing a policy upon access procedures to the collected information.This is a duty and a must for any conscious marketer to consider all aspects of privacy, as long as data are collected and stored, data about individual persons.Privacy is even more important when establishing the eMarketing mix since there are many regulations and legal aspects to be considered regarding collection and usage of such information.


3. Customer Service


Customer service is one of the necessary and required activities among the support functions needed in transactional situations.We will connect the apparition of the customer service processes to the inclusion of the "time" parameter in transactions. When switching from a situational perspective to a relational one, and eMarketing is mostly based on a relational perspective, the marketer saw himself somehow forced into considering support and assistance on a non-temporal level, permanently, over time.For these reasons, we should consider the Customer Service function (in its fullest and largest definition) as an essential one within the eMarketing mix.As we can easily figure out, the service (or assistance if you wish) can be performed upon any element from the classic 4 P's, hence its moderating character.


4. Community


We can all agree that eMarketing is conditioned by the existence of this impressive network that the internet is. The merely existence of such a network implies that individuals as well as groups will eventually interact. A group of entities that interact for a common purpose is what we call a "community" and we will soon see why it is of absolute importance to participate, to be part of a community.The Metcalf law (named after Robert Metcalf) states that the value of a network is given by the number of its components, more exactly the value of a network equals the square of the number of components. We can apply this simple law to communities, since they are a network: we will then conclude that the value of a community rises with the number of its members. This is the power of communities; this is why we have to be a part of it.The customers / clients of a business can be seen as part of a community where they interact (either independent or influenced by the marketer) - therefore developing a community is a task to be performed by any business, even though it is not always seen as essential.Interactions among members of such a community can address any of the other functions of eMarketing, so it can be placed next to other moderating functions.


5. Site


We have seen and agreed that eMarketing interactions take place on a digital media - the internet. But such interactions and relations also need a proper location, to be available at any moment and from any place - a digital location for digital interactions.Such a location is what we call a "site", which is the most widespread name for it. It is now the time to mention that the "website" is merely a form of a "site" and should not be mistaken or seen as synonyms. The "site" can take other forms too, such as a Palm Pilot or any other handheld device, for example.This special location, accessible through all sort of digital technologies is moderating all other functions of the eMarketing: it is then a moderating function.


6. Security


The "security" function emerged as an essential function of eMarketing once transactions began to be performed through internet channels.What we need to keep in mind as marketers are the following two issues on security:- security during transactions performed on our website, where we have to take all possible precautions that third parties will not be able to access any part of a developing transaction;- security of data collected and stored, about our customers and visitors.A honest marketer will have to consider these possible causes of further trouble and has to cooperate with the company's IT department in order to be able to formulate convincing (and true, honest!) messages towards the customers that their personal details are protected from unauthorized eyes.


7. Sales Promotion


At least but not last, we have to consider sales promotions when we build an eMarketing strategy. Sales promotions are widely used in traditional Marketing as well, we all know this, and it is an excellent efficient strategy to achieve immediate sales goals in terms of volume.This function counts on the marketer's ability to think creatively: a lot of work and inspiration is required in order to find new possibilities and new approaches for developing an efficient promotion plan.On the other hand, the marketer needs to continuously keep up with the latest internet technologies and applications so that he can fully exploit them.


To conclude, we have seen that eMarketing implies new dimensions to be considered aside of those inherited from the traditional Marketing. These dimensions revolve around the concept of relational functions and they are a must to be included in any eMarketing strategy in order for it to be efficient and deliver results.


Courtesy
http://www.teawithedge.com/

3 Keys To Success With Your Affiliate Program


Affiliate programs (also called Referral Programs or Partnership Programs) are essentially commission-based sales schemes.

Joining an affiliate program is a neat way to make money from your users. But just as you can join someone else's affiliate program, so you can set up your own program and invite webmasters to sign up. Here are my top 3 tips to succeed with your own affiliate program.


1. How to attract affiliates

One of the biggest fears new Affiliate managers have is in finding new affiliates. This fear is a stumbling block that stops many site owners from getting started with affiliate marketing. Interestingly, with a proper marketing strategy, getting affiliates may not be very difficult. Given below are some tips that may help in attracting new affiliates.

Find complimentary sites - "Complementary" sites are sites that sell products or services that compliment your offers. If you sell "gardening tools", a site that sells books on "gardening tips" would be a perfect affiliate.


Finally, there are several sites on the Internet dedicated to listing affiliate Programs. Get your program listed in these directories.


2. Classifying Affiliates for Better Management

The hardest part of administrating an Affiliate Program is deciding what your affiliates need to help make the sale. But, by carefully categorizing your affiliates, you can easily determine what their needs are and how to accurately meet them.

The first step is to pick at least three types of affiliate. Take a look at your affiliates and try to determine one outstanding characteristic that can easily be compared across the board and choose at least three types of the characteristic.
The Second Step is to determine the needs of each type. Each of your affiliate types will have different needs; some of their needs will overlap, but you should find a distinct difference in many of their needs. If you find that all of them have the same needs, go back to step one and re-think your types.

The Third Step involves the process of creating and compiling linking methods for each group of affiliates. Based on the needs you identified in Step two, create and compile linking methods for each type.


3. Safe Guarding Against Spam

Any time you run a program where your affiliates rely on other signups to generate profits, you will eventually have a problem with spam. One of your affiliates will inevitably get it into their head to blitz the Web with unwanted garbage.

When this happens you need to be ready to take action otherwise it will cost you! Your Internet company can boot you off your server and you can find yourself blacklisted. Not good for business. If you get an email from someone claiming they received spam with your URL, then take it as an early warning.

I am not advising you to immediately terminate the affiliate's account, but be sure to contact them to follow up on the complaint. Let your affiliate know you received a complaint and advise them to remove this person from their list.

If you only get one or two complaints, it's probably not spam, the complainants might simply have signed up for an email list and forgotten all about it. You will know when one of your affiliates is spamming, because you will get anywhere from 10 to 100 complaints in the same day all regarding the same URL.

The best thing to do in this case is to immediately terminate or disable the account of the affiliate URL that was spammed.


Running your own affiliate program can become an extrememly profitable venture for your business. You can recruit a HUGE sales force promoting your products for you, and ONLY pay them when you make a sale!



Written by Andy Murray


10 Tips for Marketing Yourself and Your Business

If you are like most independent contractors and/or executives of small businesses, you spend sleepless nights worrying about how you will acquire customers and grow sales. Therefore, marketing your business effectively becomes a critical component to your overall success.

Even if your company does not have a formal marketing or business plan yet, there are many cost-efficient things you can do to market and promote your company's products and services. Here are 10 simple, tactical ideas to put your marketing efforts on the right track:



1. Focus on Your Core Competencies


Know your target market and the value your product or service will bring to them. Focus your sales and marketing efforts towards these groups. Avoid spending time trying to acquire customers you cannot properly serve.




2. Develop a Clear and Concise Message


Create a 30 to 60-second statement that clearly explains what you do, for whom, and why your target audience should buy from you. Have this message become your company's mission statement and raison d'être. Practice your message and notice how your target audience reacts to it.




3. Create Collateral Materials


Nothing says you are a viable business more than having a company logo, business cards, stationery, brochures, and possibly even a web site. Keep it all simple, and do not order more than a 3-6 month supply of printed materials. Once these pieces are in place, do not be shy about using them.




4. Join Networking Groups


Join or form one or two networking groups with individuals you do not know very well. Tell people what you do and who your target market is. Help others by connecting them with potential suppliers or employers. In time, they will return the favor to you.




5. Network Every Day


Networking is not limited to groups and networking meetings. Carry your business cards with you at all times and be prepared to talk about your company's mission statement at a moment's notice. Your next hot prospect might be standing behind you at the grocery store.




6. Leverage Your Current Customers


Happy customers are your best sales people -- ask them to provide testimonials and/or references for prospects. Consider establishing a customer referral program, and provide free/discounted services or a monetary reward for every customer that they recommend.




7. Develop Alliance Partners


Form strategic partnerships with others who sell a complimentary product or service to your target market. These alliances can be as simple as sharing contacts and leads, or they might take on a more formal structure. Either way, the goal is to broaden your reach beyond your own network.




8. Become an Industry Leader


People like to buy from subject matter experts. Therefore, look for opportunities to share your skills and talents by writing articles or lecturing on a topic within your area of expertise. Even teaching a night course at the local college or community level will give you additional exposure.




9. Don't be Afraid to Try


If you are serious about growth, spend time outside your comfort zone and try new things. Sometimes new ideas will work, and other times they won't. Either way, the process will teach you something new and valuable about yourself and your business.


10. Brainstorm with Others


You are in business for yourself, but that does not mean you need to have all the answers yourself. Whether you are a natural born marketer or one that sees marketing concepts as completely foreign, kick around ideas with others whose opinions and values you trust. You never know where your next “big idea” will come from.



These are just 10 tactical ways in which you can easily market yourself and your business. There are many more ideas that can work as well. Use these approaches as the building blocks to acquire customers and grow sales. However, for the best results, it is recommended that you incorporate your tactical initiatives into an overall marketing or business plan that acts as the compass/guidepost for your company's day-to-day activities.



Written by Rob Engelman

Courtesy http://www.pertinent.com/articles/marketing/engelmanM1.asp


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