{"id":4014,"date":"2014-05-08T18:22:06","date_gmt":"2014-05-08T18:22:06","guid":{"rendered":"http:\/\/www.marketingteacher.com\/digital-marketing-place\/"},"modified":"2023-12-04T20:40:39","modified_gmt":"2023-12-04T20:40:39","slug":"digital-marketing-place","status":"publish","type":"post","link":"https:\/\/marketingteacher.com\/staging\/5483\/digital-marketing-place\/","title":{"rendered":"Digital Marketing Place"},"content":{"rendered":"<h1>Digital marketing Place<\/h1>\n<h2>Place tactics as part of the digital marketing Mix<\/h2>\n<p>The digital marketing space consists of new Internet companies that have   emerged as the   Internet has developed, as well as those pre-existing companies that now   employ digital marketing   approaches as <em>part of their overall marketing plan<\/em>. For some   companies the Internet is an   additional channel that enhances or replaces their traditional   channel(s). For others the   Internet has provided the opportunity for a new online company.<\/p>\n<ul>\n<li>Agents e.g. Avon Representatives. There are a number of different   types of agents. One   well known example is that of Avon cosmetics and their workforce of   extremely loyal   representatives. The representatives are in reality agents. digital marketing   allows customers to   choose between the services of their traditional Avon rep or the Avon   Online Shop i.e. using   an agent or going direct.<\/li>\n<li>Franchises e.g. KFC. There are many examples of franchises. The   online equivalent of a   franchise is an affiliation or &#8216;affiliate.&#8217; This gives the franchise   owner the opportunity   to develop a network of affiliates that display goods, services or   solutions on the affiliate   website. A commonly cited example is that of Amazon.com. So if you are a   golf enthusiast,   and you have developed a site that give tips on how to play better golf,   then you can   apply to Amazon.com for an affiliation that allows you to place tailored   Amazon ad boxes   on your site. They can be adapted to sell golfing books, and you as the   site owner can   adapt the ads to match the feel of your site. For every golf book sale   that your leads   generate, you are paid a commission.<\/li>\n<li>Vending and automated retailers e.g. Coke machines. Vending is very   much based upon   the physical location of machines near to where they are most likely to   sell product.   However, vending machines can use IT and the Internet to communicate   with a central server,   giving information on what is currently selling well, or what might need   replacing.<\/li>\n<\/ul>\n<h2>New Internet companies.<\/h2>\n<p>These companies only trade on the Internet.<\/p>\n<ul>\n<li>New online retail brand e.g. Amazon, Lastminute.com &#8211; Essentially   these companies could   not have been conceived without the creation of the Internet. New   companies sprang up as the   Internet began to be adopted. Entrepreneurs were investing heavily in   all sorts of start-ups.   Some were successes, most were not.<\/li>\n<\/ul>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"\/image\/content\/emarketing_place_a.gif\" alt=\"eMarketing Place\" class=\"large yellow aligncenter\" \/><\/p>\n<ul>\n<li>New online manufacturer brand e.g. Dell.com &#8211; Entrepreneurs saw   opportunities for   developing online manufacturers&#8217; brands that took advantage of online   technologies that   enabled innovative new products to be adapted to customer preferences,   and by using IT to   enable efficient and effective operations such as assembly and   logistics.<\/li>\n<li>Online Auction e.g. eBay. In common with new online retail brands,   before the   emergence of Internet technologies, this concept was not possible.   Essentially eBay is a   Consumer-to-Consumer (C2C) business. For more information on how online   auctions work, see   the lesson on <a href=\"https:\/\/marketingteacher.com\/staging\/5483digital-marketing-price\/\">Digital Marketing  and Price<\/a>.<\/li>\n<\/ul>\n<h2>Pre-existing companies that have adopted digital marketing.<\/h2>\n<p>These are traditional companies that trade on the Internet.<\/p>\n<ul>\n<li>Banking and financial Services e.g. HSBC Bank. Banks and financial   services have   benefited tremendously from the popularity of Internet usage. There is a   mixture of new   online banks and traditional banks, both offering online banking   services. Essentially   banks no longer need to invest in high cost, high street selling units   i.e. old fashioned   town-based banks. Labor costs have also been reduced since much of the   traditional banking   bureaucracy is done using IT, and the use of overseas call centers has   meant that salaries   are much lower. Software also means that customers can be retained by   using <a href=\"https:\/\/marketingteacher.com\/staging\/5483customer-relationship-management-crm\/\">Customer   Relationship Management<\/a> (CRM) eMarketing approaches.<\/li>\n<\/ul>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"\/image\/content\/emarketing_place_b.gif\" alt=\"digital marketing Place\" class=\"large yellow aligncenter\" \/><\/p>\n<ul>\n<li>Existing online retail brand e.g. Wal-Mart, took advantage of this   new mode of   distribution by extending products and services to consumers via the   medium of the   Internet. digital marketing enhances their traditional marketing.<\/li>\n<li>Direct distribution channel e.g. New York Yankees&#8217; shop.   Organizations have access to   consumers worldwide. So brand loyal consumers such as sports fans are   now able to buy   directly from their preferred club, which pockets the entire profit   without having to   give a cut to intermediaries.<\/li>\n<li>Wholesalers e.g. C and S wholesale Grocers. IT allows retailers to   order directly from   their wholesale partners via their website. Retailers can check stocks   and look at current   promotions. This approach is more effective than depending entirely on   merchandisers.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The digital marketing space of new or original Internet companies that have emerged as the Internet has developed, as well as those pre-existing companies that now employ digital marketing approaches as part of their overall marketing plan. For some companies the Internet is an additional channel that enhances or replaces their traditional channel(s). For others the Internet has provided the opportunity for a new online company.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[11],"tags":[],"class_list":["post-4014","post","type-post","status-publish","format-standard","hentry","category-digital-marketing"],"_links":{"self":[{"href":"https:\/\/marketingteacher.com\/staging\/5483\/wp-json\/wp\/v2\/posts\/4014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marketingteacher.com\/staging\/5483\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marketingteacher.com\/staging\/5483\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marketingteacher.com\/staging\/5483\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/marketingteacher.com\/staging\/5483\/wp-json\/wp\/v2\/comments?post=4014"}],"version-history":[{"count":1,"href":"https:\/\/marketingteacher.com\/staging\/5483\/wp-json\/wp\/v2\/posts\/4014\/revisions"}],"predecessor-version":[{"id":7578,"href":"https:\/\/marketingteacher.com\/staging\/5483\/wp-json\/wp\/v2\/posts\/4014\/revisions\/7578"}],"wp:attachment":[{"href":"https:\/\/marketingteacher.com\/staging\/5483\/wp-json\/wp\/v2\/media?parent=4014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marketingteacher.com\/staging\/5483\/wp-json\/wp\/v2\/categories?post=4014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marketingteacher.com\/staging\/5483\/wp-json\/wp\/v2\/tags?post=4014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}