Prashant MRP Project Report of Mba Docx 2
Prashant MRP Project Report of Mba Docx 2
Prashant MRP Project Report of Mba Docx 2
Department of Management
DECLARATION
I, Prashant Sharma hereby declare that the Research Project Report work “ Current Trends of
requirement of MBA Session 2021- 2023 Under SHEAT College of Engineering &
Management Babatpur This work is original and all information furnished by me is correct to
Name of student
Prashant Sharma
MBA,IVsem
CERTIFICATE
This is certified that the report Title “ Current Trends of Internet Marketing Towards Online
Shopping”. Being Submitted by PRASHANT SHARMA
Roll No. 2103840700032. In partial fulfilment of the requirements for the award of the
Degree of Master of Business Administration . is a bonafied Record of the Project work done
PRASHANT SHARMA Departement of MBA SHEAT College of Engineering.
ACKNOWLEDGEMENT
It gives me immense pleasure to present this report on “Current Trends of Internet towards
online shopping”. The Research project has brought out signification of sincere efforts,
teamwork, guidance and support that makes a project successful. I take opportunity to
acknowledge the guidance and encouragements of all those with whom I have interacted during
the course of this project. I would like to thank our mentor my project guide Dr. Girdhar Gopal
Name of student
Prashant Sharma
MBA, IV Sem
Contents
CHAPTER NO. TOPICS
Chapter 1 Introduction
ABSTRACT
Internet marketing involves the usage of the Internet to market and sell goods or services. In
this thesis I wished to seek answers for the following questions with the help of secondary data
obtained from the News Papers, Business Magazines, Online articles along with web, email
surveys and e-questionnaires taking into consideration consumer perspective, and see if they
are moved by the internet marketing done by the companies or not, and if they are, then up to
what extent. The survey results helped me in predicting the trends in Internet marketing. The
new millennium has brought us on the brink of the I.T. Revolution. This revolution has been
aided by the advent of the Internet in a big way. Internet is fast changing the way people used
to do things. Naturally, the same would have an impact on the advertisers. The Internet has
been accepted as the most powerful media for advertising due to the absence of geographical
barriers. The advent of the Internet and its subsequent acceptance has once again challenged
the traditional forms of advertising. Advertisers are trying to use the ‘net’ to advertise their
products and hence ‘net’ their customers. Thus, with the Internet gaining prominence,
advertising equations are fast changing we would like to study the impact of Internet on
advertising from the customers as well as advertisers point of view. There is no question that
the growth of Internet advertising is outpacing offline advertising. As more and more
companies realize the real value in advertising their goods and services online, they are
diverting funds from other forms of offline advertising to compensate. Consequently, the
market share of Internet advertising is continually growing while the market share of offline
advertising mediums stagnates or decline .At the current rate of growth, Internet advertising
has already overtaken radio advertising in spending and market share. While outdoor
advertising is also experiencing growth, it is not growing as rapidly as Internet advertising, and
Internet advertising has already overtaken it. Digital marketing involves the promotion of
products and services using digital distribution channels that reach consumers in a timely,
relevant, personal and cost-effective manner. Digital channels can have several categories, such
as the internet, mobile, digital outdoors, and any form of interactive digital media. Each
category has multiple digital tools / sub-channels that can support digital marketing. Internet -
Email, banner ads, dedicated websites, pop- up ads, sponsored content, paid keyword search,
podcasts, social networks, blogs, wikis, widgets.
Chapter 1
INTRODUCTION
INTRODUCTION
Online marketing also known as digital marketing, web marketing, and internetmarketing or e-
marketing is the marketing of products or services over the Internet. Internet marketing is
sometimes considered to be broad in scope because it not only refers to marketing on the
Internet, but also includes marketing done via e-mail and wireless media. Management of
digital customer data and electronic customer relationship management (ECRM) systems are
also often grouped together under internet marketing.Clearly, marketers are adding on-line
channels to find, reach, communicate, and sell. I-marketing has at least five great advantages.
First, both small and large firms can afford it. Second, there is no real limit on advertising
space, in contrast to print and broadcast media. Third, information access and retrieval are fast,
compared to overnight mail and even fax. Fourth, the site can be visited by anyone from any
place in the world. Fifth, shopping can be done privately and swiftly.Internet marketing and e-
commerce has marked its place in the world of technology. The success of any business at
present strongly depends on Internet marketing . Below gives a graphical view of how online
marketing can effectively be planned .
There are many sources of online marketing or Digital Marketing as described below:
Web Marketing:
Web marketing includes Web sites, Affiliated marketing Web sites, promotional or informative
Web sites, online advertising on search engines, and organic search engine results via Search
Engine Optimization (SEO). Internet marketing is sometimes considered to be broad in scope
because it not only refers to marketing on the Internet, but also includes marketing done via e-
mail and wireless media
Web Marketing
Social media marketing involves both advertising and marketing efforts via social networking
sites like Face book, Twitter, YouTube and Digg. This has come with a most useful source of
marketing as there are billions of people reach out these media and thus make possible to reach
the people anywhere in the world with , simple broadcasting of the product advertisement takes
no time to reach the consumers .Internet, but also includes marketing done via e-mail and
wireless media. Management of digital customer data and electronic customer relationship
management (ECRM) systems are also often grouped together under internet marketing.
Clearly, marketers are adding on-line channels to find, reach, communicate, and sell. I-
marketing has at least five great advantages.
Email Marketing:
Email marketing involves both advertising and promotional marketing efforts via e-mail
messages to current and prospective customers. Email messaging has made possible to send
promotional messages to the email users acting as a quick mode of online product broad cast
over internet. Digital marketing for ecommerce applies traditional marketing principles to a
multichannel, data-driven environment. Digital marketing for ecommerce applies traditional
marketing principles to a multichannel, data-driven environment. Studying collaborative
research and the accessing of external sources of technology, Hummel found that in deciding
on business partners, it is important to make sure that both parties' business models are
complementary
E-commerce Marketing
Business-to-Business Model:
B2B (business-to-business) marketing is marketing of products to businesses or other
organizations for use in production of goods, for use in general business operations (such as
office supplies), or for resale to other consumers, such as a wholesaler selling to a retailer.
Customer-to-customer Model
C2C, or customer-to-customer, or consumer-to-consumer, is a business model that facilitates
the transaction of products or services between customers. An example of C2C would be the
classifieds section of a newspaper, or an auction.
Chapter 2
REVIEW OF LITERATURE
REVIEW OF LITERATURE
This section aims at exploring detailed information on major domains of the dissertation topic
by reviewing past research, books and related articles. Modern studies and past theories
concerning these domains are presented. Literature on online marketing:
Online services will drive marketing to the opposite end of the spectrum from “mass” marketing
to customized “one-to-one” marketing. Online marketers communicate instantly and directly
with the prospective customers and can provide instant fulfillment as well. Marketers with
carefully designed World Wide Web sites are already interacting computer to computer, with
prospective customers or an individual basis, much as ATM does in very primitive fashion.
Online one to one approaches while innovative and still glamorous in their pioneering aspects,
offer significant new challenges. The significant aspect is the access with the customers.
Communication and information technology development has encouraged the emergence of
new communication channels that have increased the options available to organizations for
building relationships with clients.
their proposition development and communication based on their relative merits for the
customer and the company.”
Mohan Nair takes social media as a complex marriage of sociology and technology that cannot
be underestimated in its impact to an organization marketing communication, choice as to when
to engage, how to manage and measure, and whether to lead or to follow is complex but not an
impossible task. These cannot be answered simply by one formula because the context and the
market dynamics are strong variables in these decisions. Even though the interest for social
media is huge, few companies understand what the term social media can mean to their
businesses.
According to research conducted by Nielsen, we know that 92% of consumers report that
“word-of-mouth and recommendations from people [they] know” are the leading influence on
their purchase behavior. Only 37% trust search engine ads, and just 24% trust online banner
ads. They trust their friends and family the most when looking for brand recommendations.
Foux (2006) suggests Social media is perceived by customers as a more trustworthy source of
information regarding products and services than communication generated by organizations
transmitted via the traditional elements of the promotion mix.
Johnson and Greco (2003) explain that desires and different hopes from different clients can
sometime require certain unique information and contact strategies. Communication channels
and strategies now differ broadly from the ones in former times or offline times.
Online marketing is today seen by many practitioners as the new arena for market
communication and on top of the list of users of the different mediums is Face book, Blogs,
Twitter, YouTube and LinkedIn (Steltzner, 2009).
Kaplan and Haenlein (2010) define social media as ―a group of Internet-based applications
that build on the ideological and technological foundations of Web 2.0, which facilitates the
creation and exchange of user-generated content. It consists of different Internet applications
such as blogs, social networking sites, content communities, collaborative projects, virtual
game worlds and social worlds. Russell S. Winer (2009) affirms that many companies today
are using some or all of the new media to develop targeted campaigns that reach specific
segments and engage their customers to a much greater extent than traditional media.
Mangold&Faulds (2009) argue that marketing managers should comprise social media in the
communication mix when developing and executing their Integrated Marketing
Communication strategies and they presented the social media as a new hybrid element of
promotion mix.
Forbes Magazine reports retail is down and e-commerce is up. One clear example of the power
of e-commerce comes from Macy’s recent returns. Forbes reports the 154-year-old retail chain
saw online sales rise 40% in 2015 while same-stores sales grew just 5.3%. Maybe you’re not a
billion-dollar business like Macy’s, but the numbers don’t lie. Online sales are overtaking retail
sales. Safe to say e-commerce is trending upward more and more each year.
It’s not too late to jump onboard the e-commerce train.
The internet has become a mass media vehicle for consumer sponsored communication. It now
represents the number one source of media for customers at work and the number two source
of media at home. Customers are turning away from the traditional sources of advertising:
radio, television, magazines, and newspapers. Customers also consistently demand more
control over their media consumption. They require on-demand and immediate access to
information at their own convenience. Customers are turning more frequently to various types
of social media to conduct their information searches and to make their purchasing decisions.
Nowadays, the concept of Internet marketing has expanded and
brought more opportunities for companies to approach their customers. In the past, the Internet
was only used as a tool to contact customers, part of direct marketing. Nowadays, the Internet,
particularly websites has been becoming a popular media for any firms to introduce their
products and services. The Internet is considered as an independent and effective marketing
tool. During eight years, from 2008 to 2015, the number of Internet users has increased by 4
times from about 361 millions to more than 1, 46 billion
CHAPTER 3
PROBLEM STATEMET
PROBLEM STATEMET
Problem Statement for small business owners
Small business owners should employ Internet marketing to compete successfully in a
business environment (Eida & El-Gohary, 2013). As of August 2011, 78% of U.S. adults and
95% of U.S. teenagers use the Internet (Zickuhr & Smith, 2012). Ninety-two percent of adults
use search engines to find information, 91% use e-mail, 71% use the Internet for buying
products, 64% use social networking sites, and 61% bank online (Zickuhr & Smith, 2012).
Businesses that are choosing not to leverage Internet marketing risk losing competitive
advantage since some consumers search for information and make purchases online. The
general business problem is that small business owners often face challenges with using
Internet marketing to promote products or services. The specific business problem is that
some small business owners lack knowledge on how to develop and implement an Internet
marketing strategy
Like a beauty queen at a Miss America pageant, your company is constantly vying for
the judges’ attention – but in this case the judges are potential clients. For every
service you offer, chances are, there are thousands of companies that offer the same
in return. Why should a client choose company A, when they can go with company B?
Let’s face it, the internet is a hodgepodge of information and enterprise, and every
company wants to be the chosen one. If I am anything like the average consumer, I
perform a Google search for the service I need, glance at a website or two and make
a decision. Some people don’t even look a website. Instead they just call the first
business that pops up in the search results.
down and pinpointed which sites are directly related to the services you provide?
Choose websites which will maximize exposure to your core audience. You must make
strategic decisions when it comes to internet marketing to always stay one step ahead
of your competition. In the case of baby novelties, try PPC marketing campaigns on
sites like thebump.com or babycentral.com. Once you have a clear vision of who your
client is, you can adjust your marketing efforts accordingly, and are much more likely
to attract valuable business.
Try this: Go to news.google.com and pick a story. It can be anything. For example, I
just picked “Apple” under the “Top Stories” section and instantly had access to the
same stories that were written seven hours ago, and were still being updated to as
recent as 13 minutes ago. Interesting, right? Now ask yourself this: How often does
your company update its marketing efforts? With the level of competition among online
businesses, chances are some company somewhere that is in direct competition with
you, has updated their marketing information within the past thirty minutes. This is a
fundamental challenge for companies who want to stay on top of their game, but
cannot dedicate 100% of their resources to constantly updating information.
CHAPTER 4
RATIONAL OF STUDY
Rationale of the study
Internet Marketing in its simplest terms refers to the marketing and selling of goods and services
using the Internet as the sales and distribution medium. The current project on innovative
marketing strategies aims to understand the concept of online marketing; study as to how much
online marketing has penetrated in the market place; gain insights about functioning of online
marketing; study the benefits of online marketing for the businesses as well as the customers
and explore the future prospects of online marketing.
The report concludes that internet has opened up new avenues for reaching the consumer. It is
true that there is never a fixed way or strategy that a marketer can use to market its products
and services on the internet but it is still very much an arena where creative thinking can take
the company reach new heights. Thus we can say that marketing has not changed its shape. It
is the same, unpredictable, unusual and creative field that needs constant change and open
inputs that can work wonders for the company,study the benefits of online marketing for the
businesses as well as the customers and explore the future prospects of online marketing.
Product on the Internet usually changes form online, and the user experiences it electronically,
in the form of text, images and multimedia. Physical goods are usually presented in the form
of a detailed online catalogue that the customer can browse through. Technology allows the
user to virtually touch and feel the product on the Internet - rotate it, zoom in or zoom out and
even visualize the product in different configurations and combination. It will rather be on the
uniqueness of the product. To be able to attract the customers and retain them, the company
will have to provide nouvelle and distinct products that forces the net users to purchase and
come back for more.
2. Price:
Price has been drastically changed over the Internet. It lets the buyer decides the price. Also it
gives the buyers information about multiple sellers selling the same product. It leads to best
possible deal for the buyers in terms of price. Pricing is dynamic over the Internet.Many
Internet marketing firms don’t provide Internet marketing pricing on their websites. At
Webpage, we believe our clients deserve a detailed listing of what our prices include. No
games. No hidden fees. Accurate pricing for our Internet marketing services based on years of
experience.Whether you’re looking for SEO, link building, or social media pricing, our website
offers Internet marketing pricing options in a range of plans to suit your specific marketing
approach. Internet marketing prices are intended to match your needs so that you get what you
pay for and maybe a little more.
3. Place:
Place revolves around setting up of a marketing channel to reach the customer. Internet serves
as a direct marketing channel that allows the producer to reach the customer directly. The
elimination of the intermediate channel allows the producer to pass the reduced distribution
cost to the customer in the form of discounts.
4. Promotion:
Promotion is extremely necessary to entice the customer to its website, as there are currently
more than one billion web pages. Promoting a website includes both online and offline
strategies. Online strategies include search engine optimization, banner ads, multiple points of
entry, viral marketing, strategic partnership and affiliate marketing. Presently, the cyberspace
is already cluttered with thousands of sites probably selling similar products. The report
concludes that internet has opened up new avenues for reaching the consumer. It is true that
there is never a fixed way or strategy that a marketer can use to market its products and services
on the internet but it is still very much an arena where creative thinking can take the company
reach new heights
5. Presentation:
The presentation of the online business needs to have an easy to use navigation. The look and
the feel of the web site should be based on corporate logos and standards. About 80% of the
people read only 20% of the web page. Therefore, the web page should not be cluttered with a
lot of information. Also, simple but powerful navigational aids on all web pages like search
engines make it easy for customer to find their way around.
6. Processes:
Customer supports needs to be integrated into the online web site. A sales service that will be
able to answer the questions of their customers fast and in a reliable manner is necessary. To
further enhance after sales service, customers must be able to find out about their order status
after the sale has been made.
7. Personalization:
Using the latest software it is possible to customize the entire web site for every single user,
without any additional costs. The mass customization allows the company to create web pages
products and services that suit the requirement of the user. A customized web page does not
only include the preferred layout of the customer but also a pre selection of goods the customer
may be interested in.
Companies can use the 7Ps model to set objectives, conduct a SWOT analysis and undertake
competitive analysis. It's a practical framework to evaluate an existing business and work through
appropriate approaches whilst evaluating the mix element as shown below and ask yourself the
following questions:
• Place/Access: What new distribution options are there for customers to experience our
product, e.g. online, in-store, mobile etc.
• Promotion: How can we add to or substitute the combination within paid, owned and earned
media channels?
• Physical Evidence: How we reassure our customers, e.g. impressive buildings, welltrained
staff, great website?
• People: Who are our people and are there skills gaps?
• Partners: Are we seeking new partners and managing existing partners well?.
The 7Ps helps companies to review and define key issues that affect the marketing of its
products and services and is often now referred to as the 7Ps framework for the digital
marketing mix.
Take a look at Hub Spot as an example, which was founded in 2006; Hub spot has 8,000+
customers in 56 countries and sells software. What does their marketing mix look like?
This is a top level overview; you would take this into greater detail and ask the following
questions:
1. Products/Services: Integrated toolset for SEO, blogging, social media, website, email and
lead intelligence tools.
4. Promotion: Directors speak at events, webinars, useful guides that are amplified by SEO
and effective with SEO. PPC Social media advertising, e.g. LinkedIn.
Everything has a position in your mind, that you give a level of value to and as a marketer it is
your job to develop that position through your execution of these P’s outlined above. Is your
brand high quality and luxury? then it’s priced high, is available only in exclusive areas and
that addresses all these elements and how you are going has exceptional customer service. If
your brand is about value, then its available everywhere, low prices and people will not expect
much after sales service.
If you are creating a marketing strategy you need to take these 7 P’s and put together a plan
that addresses all these elements and how you are going to execute the campaigns. Then with
this strategy in place you can go online and dominate whatever market that you want to.
If you think about Rolex, Versace suits or Rolls Royce, you instantly think of a super high
quality, luxury brand that people aspire to owning. And if I talk about EBay or Amazon, you
think of discounts, bargains and low prices
CHAPTER 5
RESEARCH METHODOLOGY
RESEARCH METHODOLOGY
Online marketing refers to a set of powerful tools and methodologies used for promoting
products, business, brandfactory,household businesses and services through the Internet.
Online marketing includes a wider range of marketing elements than traditional business
marketing due to the extra channels and marketing mechanisms available on the Internet.
Research problem
• Should companies integrate various marketing tools to communicate about its brand?
• What are the reasons for growing popularity of online marketing among consumers?
Research Methodology
The first step is to formulate a research design. This means planning a strategy of conducting
research. It is a detailed plan of how the goals of research will be achieved. Research design is
exploratory, descriptive and/or experimental in nature. It is helping the investigator in
providing answers to various kinds of social/economic questions. After collecting and analysis
of the data, the researcher has to accomplish the task of drawing inferences. Only through
interpretation researcher can expose relations and processes that underlie his findings and
ultimately conclusions. Interpretation refers to the task of drawing inferences from the collected
facts after an analytical study.
In the present study, researcher has followed Descriptive research. Descriptive research is
usually a fact finding approach generalizing a cross - sectional study of present situation. The
major goal of descriptive research is to describe events, phenomenon and situations on the basis
of observation and other sources through survey :
Survey Method:
• The survey method is the technique of gathering data by asking questions from people
who are thought to have the desired information. Every effort should be made to state
• The survey design can be defined as: “gathering information about a large number of
• The definition can be modified by stating that collecting information with other data
• Surveys are conducted in case of descriptive research studies with the help of
usually have larger sample. It is concerned with conditions or relationships that exists,
opinion that are held, processes that are going on effects that areevident or trends that
are developing. Thus in surveys variables that exist or have already occurred are selected
DATA COLLECTION
DATA COLLECTION
The study was conducted by the means of personal interview with respondents and the
Information given by them were directly recorded on questionnaire. For the purpose of
analyzing the data it is necessary to collect the vital information.
• Primary Data
• Secondary data
COLLECTION TECHNIQUE:
• Primary Data
Questionnaire method
• Secondary Data
• Books
• Journal
• Website
Data Analysis
Tools Use For Data Analysis Of Online Marketing
With the increasing internet literacy, the prospect of online marketing is increasing in
India.Theconsumers indulging in online shopping consider many factors. If companies analyze
the factors affecting consumer behavior towards online shopping and the relationships between
these factors and the type of online buyers, then they can devise effective marketing strategies
to convert potential customers into active ones, while retaining existing online customers. This
project is a part of study, and focuses on factors which online Indian buyers keep in mind while
shopping online.
This research found that information, perceived usefulness, ease of use; perceived enjoyment
and security/privacy are the five dominant factors which influence consumer perceptions of
online purchasing. With the increasing internet literacy, the prospect of online marketing is
increasing in India. The consumers indulging in online shopping consider many factors. If
companies analyze the factors affecting consumer behavior towards online shopping and the
relationships between these factors and the type of online buyers, then they can devise effective
marketing strategies to convert potential customers into active ones, while retaining existing
online customers. This project is a part of study, and focuses on factors which online Indian
buyers keep in mind while shopping online.
This research found that information, perceived usefulness, ease of use; perceived enjoyment
and security/privacy are the five dominant factors which influence consumer perceptions of
online purchasing.
The two perspectives that seek application of its knowledge are micro and societal
Perspectives. The micro perspectives involve understanding consumer for the purpose of
helping afirm or organization to achieve its objectives. The people involved in this field try to
understand consumers in order to be more effective at their tasks. Whereas the societal or macro
perspective applies knowledge of consumers to aggregate- level faced by mass soar society as
a whole. The behavior of consumer has significant influence on the quality and level of the
standard of living.
Throughout the project we will see that how Kemrock Industries and Online Shopping Study
consumer behavior. How they approach in the new market, what are the problems faced by
them while accepting local culture and customs, how they compete with the local competitors
how they respond to the customers’ behavior towards their products and services. I have
developed a survey indicating online shopping behavior and acceptance among customers in
India.
- Perceived Risk
- Price
online. (3) Price sensitivity is higher online, but this is due to online promotions being stronger
signals of price discounts. The combined effect of price and promotion on choice is weaker
online than offline.
Analysis Objective
Research design specifies the methods and procedures for conducting a particular study.The
main purpose of such study is that of formulating a problem for more precise investigation or
of developing a working hypothesis from an operational point of view. A research design is the
arrangement of conditions for collection and analysis of thedata in a manner that aims to
combine relevance to the research purpose with economy in procedure. Research design is
broadly classified into three types as
CHAPTER 6
1. Establish a Presence
2. Build Visibility
3. Generate Sales
4. Increase Revenue
5. Build A Brand
Establish a Presence
Remember the old adage, “You only get one chance to make the first impression?”There is
more truth in this than many realize. When building a website or a landing page or your Face
book page, consider the fact that your presence online might be the very first impression that
people have of you. How much more then do you want that impression to be the best? From a
content perspective, the words on the page really have to say something. Bring meaning, and
resonate like you live in their closet. When you know your market and whom you serve, it is
easier to say exactly the right things that draw them in. Do not skimp on your image. Invest
like you did on that first date. Remember how upset you got because those five hairs were out
of place and would not get in line? That passion is what is needed to build a great presence.
Visibility
A great presence doesn’t make you visible. People need to know that you are out there. This
often gets neglected. In talking with our friends at EBWAY, we learned that their number one
complaint from their clients is that their website doesn’t do anything. We have heard similar
stories from Matt Weeden MWDWeb and Rob Riggs at YDO.
It is work to get in front of folks. Blogging is a great example. The more blog posts you write
the more indexed pages that Google creates. This really makes you visible. Also, do not neglect
SEO. Yes, it takes a while, but it pays off in building your brand. It’s a must have. Many people
are still trying to figure out how to use Social Media, and the bottom line is that you simply
have to roll up your sleeves and commit.
Sales
Revenue must be there, right? It is amazing how many people do not enter into online marketing
with a plan for growing sales from their efforts. Even establishing goals would be helpful. Once
you set your basic objectives, you can develop a solid plan that includes critical milestones, the
timeframes associated with those milestones and how you plan on achieving it all. This will
help control your spend and allow you to throttle up or down your online marketing efforts.The
Internet is a great tool for building that trust, because it has a wide reach and allows you to
directly connect with individuals. Social media is particularly useful when building a brand,
because it allows companies to create and post with a more personal feel.
Increase Revenues
The primary goal of any marketing strategy is ultimately to increase revenue, and Internet
marketing is no exception. Thankfully, the Internet provides plenty of opportunities for every
business to improve their bottom line.
By combining search engine optimization, or SEO, with pay-per-click ads, or PPC, your
company can improve the chances that potential customers find you online. And with strategies
like content marketing and social media marketing, you can position yourself as an expert in
your field who also cares about your clients.
Build A Brand
Internet marketing objectives often include building a brand. This means not only establishing
your logo and company name in the minds of consumers, but also what your company stands
for. Well-known brands are typically trusted more by customers, especially when paired with
positive associations. The Internet is a great tool for building that trust, because it has a wide
reach and allows you to directly connect with individuals. Social media is
particularly useful when building a brand, because it allows companies to create and post with
a more personal feel. Organizations have discovered that this kind of brand-building can be
fostered by the use of social media channels such as Face book, Twitter, Instagram and Interest.
In addition to organic posts on these sites, companies can build brand recognition by paying
for advertisements and placements. This takes patience on the part of the organizational
leaders, because trust and loyalty are developed over many months, and sometimes years. The
key is to stay focused on the results.
Many small businesses, as well as companies focused on increasing sales in specific geographic
region, focus much of their marketing efforts on improving their local SEO. This means
optimizing various elements on their sites in order to attract local customers who are looking
for the services they provide.
Although the number of searches that include both your industry and your town or city is
undoubtedly lower than those that just specify a product or business type, those searches tend
to generate much more qualified traffic. If a user is already looking for businesses where you
are, chances are high that they’ll be willing to come to your physical location.
CHAPTER 7
RESEARCH DESIGN
EXPLORATORY RESEARCH DESIGN
Exploratory research study is also termed as formative research studies. The main purpose of
such study is that of formulating a problem for more precise investigation orof developing a
working hypothesis from an operational point of view. The major emphasis of such studies is
of the developing of discovery of idea and insight.
SAMPLE DESIGN
A Sample Design is a definite plan for obtaining a sample from a given population. It Refers to
the technique to the procedure adopted in selecting items for the sampling designs are as below:
Types of research study (pending)
SAMPLE SIZE:
The substantial portions of the target customer that are sampled to achieve reliable result
are 100.
Universe
Online Shoppersof India
SAMPLING METHOD:
• Non-probability sampling method : Convience Sampling
SAMPLE TECHNIQUE:
• Percentage analysis
• Tabulation
• Graphica
CHAPTER 8
RESEARCH STUDY
TYPES OF RESEARCH STUDY
Market research can help you solve problems and reduce the risk of making important
business decisions. Discover the 8 types of market research you can conduct to
identify and solve any business challenges.
Brand Research
What it is
Brand research helps with creating and managing a company’s brand, or identity. A
company’s brand is the images, narratives, and characteristics people associate with
it.
When to use it
Brand research can be used at every stage in a business’s lifecycle, from creation to
new product launches and re-branding. There are at least seven types of brand
research:
• Brand advocacy. How many of your customers are willing to recommend your brand?
• Brand awareness. Does your target market know who you are and consider you a
serious option?
• Brand loyalty. Are you retaining customers?
• Brand penetration. What is the proportion of your target market using your brand?
• Brand positioning. What is the best way to differentiate your brand from others in the
consumer’s mind and articulate it in a way that resonates?
• Brand value. How much are people willing to pay for an experience with your brand
over another?
Market research surveys are useful to determine features and benefits that
differentiate you from competitors. These are then translated into emotionally
compelling consumer language.
Campaign Effectiveness
“Half the money I spend on advertising is wasted; the trouble is, I don’t know which half”
— John Wanamaker
What it is
This type of market research is designed to evaluate whether your advertising
messages are reaching the right people and delivering the desired results. Successful
campaign effectiveness research can help you sell more and reduce customer
acquisition costs.
When to use it
If the folks at market research firm Yankelovich, Inc. are correct, people see up to
5,000 advertising messages each day. That means attention is a scarce resource, so
campaign effectiveness research should be used when you need to spend your
advertising dollars effectively.
How it’s done
Campaign effectiveness research depends on which stage of the campaign you use it
in (ideally, it’s all of them!). Quantitative research can be conducted to provide a picture
of how your target market views advertising and address weaknesses in the
advertising campaign.
Competitive Analysis
What it is
Competitive analysis allows you to assess your competitor’s strengths and
weaknesses in the marketplace, providing you with fuel to drive a competitive
advantage. When to use it
No business exists in a vacuum—competitive analysis is an integral part of any
business and market plan. Whether you’re just getting started, moving into a new
market, or doing a health check of your business, a competitive analysis will be
invaluable.
How it’s done
A researcher will typically choose a few of your main competitors and analyze things like
their marketing strategy, customer perceptions, revenue or sales volume, and so on.
Secondary sources such as articles, references, and advertising are excellent
sources of competitive information; however,primary research, such as mystery
shopping and focus groupscan offer valuable information on customer service and
current consumer opinions.
Consumer Insights
What it is
Consumer insights research does more than tell you about who your customers are
and what they do. It reveals why customers behave in certain ways and helps you
leverage that to meet your business goals.
When to use it
Knowing your customers deeply is integral to creating a strategic marketing plan. This
type of market research can help you anticipate consumer needs, spark innovation,
personalize your marketing, solve business challenges, and more.
Here are some of the characteristics you should understand through consumer
insights research:
• Purchase habits
What it is
Customer segmentation studies aim to divide markets or customers into smaller
groups or personas with similar characteristics to enable targeted marketing. By
understanding how people in each category behave, you can understand how each
influences revenue.
When to use it
As soon as you’re ready to start giving customers individualized experiences. Not
every customer in your target market is the same. The more you understand each
specific persona, the easier it is to focus on delivering personalized marketing, build
loyal relations, price products effectively, and forecast how new products are services
will perform in each segment.
• Geography. Where people live, from cities and countries to whether they are city
dwellers or suburbanites.
A researcher will identify your current customers and collect data about them through
various market research methods, such as surveys, database research, website
analytics, interviews, and focus groups. The aim is to gather as much information as
possible.
Product Development
What it is
Market research for product development involves using customer knowledge to
inform the entire process of creating or improving a product, service, or app, and
bringing it to market.
When to use it
Innovation is hard work. A quick Google will tell you that 80 – 95% of new products fail
every year. Conducting market research for product and app development helps
minimize the risk of a new product or change going bust as it enters the market. There
are four stages where you can use market research:
• Conception. The moment you’re thinking about adding something new, market
research can find market opportunities and provide insights into customer challenges
or their jobs-to-be-done, so you can find a way to fill the gap.
• Formation. Once you have an idea, market researchers can help you turn it into a
concept that can be tested. You can learn more about strategizing pricing, testing
advertising and packaging, value proposition, and so on.
• Introduction. Market research can help you gauge attitudes towards the product once
it’s in the market and adapt your messaging as it rolls out.
• Keep making the product better or find opportunities to introduce it to new markets.
Usability Testing
What it is
Usability testing is concerned with understanding how customers use your products in
real time. It can involve physical products, like a new blender, or digital products like a
website or app.
When to use it
Usability testing is helpful when you need to detect problems or bugs in early
prototypes or beta versions before launching them. It typically costs far less to test a
product or service beforehand than to pull a flawed product off the shelves or lose
sales because of poor functionality.
• Eye tracking studies monitor where people’s eyes are drawn. Generally, they
are conducted on websites and apps, but can also be done in stores to analyze where
people look while shopping.
• Learnability studies quantify the learning curve over time to see which problems
people encounter after repeating the same task.
• Click tracking follows users’ activity on websites to evaluate the linking structure
of a website.
• Checklist testing involves giving users tasks to perform and recording or asking
them to review their experience.
CHAPTER 9
Interpretation of Data Analysis
INTERPRETATION OF DATA ANALYSIS
1. Last time made a purchase over the internet.The study was conducted by the means of
personal interview with respondents and the information given by them were directly recorded
on questionnaire.For the purpose of analyzing the data it is necessary to collect the vital
information.
Interpretation
Interpretation
According to survey 80% respondent has purchased ticket while 8% preferred clothing. Other
like Books 10%, Video games 25%, electronic equipment18%Computer& software12% and
music 20%.
3. Mode of payment
Interpretation
According to survey 27 respondents make payment through Credit cards, 10 Debit cards, 8
Online Bank transfer and 55 online cash payment out of 100.
Interpretation
According to all score, it can be interpreted that information about product and service is a
Important factor while using online shopping.
5. Time saving
Interpretation
According to this score, it can be interpreted that time saving can be consider as an important
factor while using online shopping. The study was conducted by the means of personal
interview with respondents and the
Information given by them was directly recorded on questionnaire. For the purpose of
analyzing the data it is necessary to collect the vital information.
6. Convenience
Interpretation
BumAccording to this score, it can be interpreted that convenience in online shopping is an
importantfactor.The study was conducted by the means of personal interview with respondents
and the information given by them were directly recorded on questionnaire.For the purpose of
analyzing the data it is necessary to collect the vital information.
Interpretation
According to this score, it can be interpreted that Delivery time And mode of payment in online
shopping is an important factor
CHAPTER 10
FINDING & DISCUSSION
Presentation of the Findings and discussion
The main research question that guided the study was as follows: How can small business
owners develop and implement a successful Internet marketing strategy? I used
semistructured interviews to gain an understanding of how small business owners developed
and implemented an Internet marketing strategy. In addition to semi-structured interviews, I
reviewed companies’ online marketing presence such as social media pages, company
website and search engine rankings. I also evaluated their online marketing materials such as
ads and email templates as well as web analytics. I scheduled the 62 interviews in participants’
places of business in a private meeting room. Interviews lasted approximately 60 minutes.
Following the compilation and analysis of data collected through semistructured interviews
and a review of company documents, five themes emerged. The five main themes
encompassed, (a) unstructured planning, (b) limited Internet marketing knowledge and
expertise, (c) use of Internet marketing channels and tools, (d) lack of systematic approach to
the management of Internet marketing, and (e) inadequate measurement of Internet
marketing efforts. I will provide an overview of each case before describing the five themes.
Each small business evaluated in this study operated in a different industry, had varied
Internet marketing goals, and possessed distinct resources. The case overviews include
description of the business, owner’s experience, target audience, Internet marketing goal,
marketing budget, channel mix, management of online marketing, Internet marketing tools,
and Internet marketing performance. The conceptual framework of this research project was
RBV. RBV helps to understand how firms leverage their investments in online marketing to
develop capabilities that are valued, rare, inimitable and non-substitutable (Barney, 1991).
Internet marketing capabilities and resources can provide a competitive advantage to the firm
and positively influence the firm’s performance. I will discuss the findings as they relate to the
conceptual framework and the presentation of the emergent themes.
CHAPTER 11
CONCLUSION
CONCLUSION
• The most preferred product of online buying is travelling tickets and clothing remains
the least preferred choice of online shoppers.
• Among the payment options, Payment on delivery through cash in the safest choice of
payment, while credit card are next preferred choice, online bank transfer is least
preference choice.
• Online shoppers seek for clear information about product and service, timesaving,
convenience, security and delivery on time are all important factor for online shopping.
The offers with punch lines “Attractive offers” do not attract online shoppers.
• Most of the consumers who have experienced online shopping are very satisfied.
• Transactions should be safe and proper security should be assured to the people making
online purchases.
• E-marketers must give a thought to secure, time saving, information about product and
services factors when they design there online product strategy.
The study highlights that convenience, accessibility, scope, attraction, reliability, experience
and clarity are the important factors considered by the online shopper.
CHAPTER 12
IMPICATION OF THE STUDY
IMPICATION OF THE STUDY
Hypothesis of study
In this highly competitive world, it is not only the quality of the product or service but also
effective utilization of online marketing channels is very important. To satisfy the growing
demands of consumers, to increase sales, retain existing customers through online marketing,
following Digital strategies and consultancy services plays major role :
Display advertising:
Display advertising conveys its advertising message visually using text, logos, animations,
videos, photographs, or other graphics. Display advertisers frequently target users with
particular traits to increase the ads' effect.
Pop-ups/pop-under:
A pop-up ad is displayed in a new web browser window that opens above a website visitor's
initial browser window. A pop-under ad opens a new browser window under a website visitor's
initial browser window.
Floating ad:
A floating ad, or overlay ad, is a type of rich media advertisement that appears superimposed
over the requested website's content. Floating ads may disappear or become less obtrusive after
a preset time period.
Expanding ad:
An expanding ad is a rich media frame ad that changes dimensions upon a predefined condition,
such as a preset amount of time a visitor spends on a webpage, the user's click on the ad, or the
user's mouse movement over the ad Expanding ads allows advertisers to fit more information
into a restricted ad space. The study was conducted by the means of personal interview with
respondents and the information given by they were directly recorded on questionnaire. For
the purpose of analyzing the data it is necessary to collect the vital information
Interstitial ad:
An interstitial ad displays before a user can access requested content, sometimes while the user
is waiting for the content to load. Interstitial ads are a form of interruption marketing.
Text ads:
A text ad displays text-based hyperlinks. Text-based ads may display separately from a web
page's primary content, or they can be embedded by hyper linking individual words or phrases
to advertiser's websites. Text ads may also be delivered through email marketing or text
message marketing. or the user's mouse movement over the ad Expanding ads allow advertisers
to fit more information into a restricted ad space.
Search Engine Optimization, or SEO, attempts to improve a website's organic search rankings
in SERPs by increasing the website content's relevance to search terms. Search engines
regularly update their algorithms to penalize poor quality sites that try to game their rankings,
making optimization a moving target for advertisers. Many vendors offer SEO services.
Sponsored search:
Sponsored search (also called sponsored links or search ads) allows advertisers to be included
in the sponsored results of a search for selected keywords. Search ads are often sold via realtime
auctions, where advertisers bid on keywords. The study was conducted by the means of
personal interview with respondents and the information given by them were directly recorded
on questionnaire. For the purpose of analyzing the data it is necessary to collect the vital
information.
Mobile Advertising:
Mobile advertising is ad copy delivered through wireless mobile devices such as smart phones,
feature phones, or tablet computers. Mobile advertising may take the form of static or rich
media display ads, SMS (Short Message Service) or MMS (Multimedia Messaging Service)
ads, mobile search ads, advertising within mobile websites, or ads within mobile applications
or games (such as interstitial ads, “averaging,” or application sponsorship). Search Engine
Optimization, or SEO, attempts to improve a website's organic search rankings in SERPs by
increasing the website content's relevance to search terms. Search engines regularly update
their algorithms to penalize poor quality sites that try to game their rankings, making
optimization a moving target for advertisers. Many vendors offer SEO services.
Email Advertising:
Email advertising is ad copy comprising an entire email or a portion of an email message.
Email marketing may be unsolicited, in which case the sender may give the recipient an option
to opt-out of future emails, or it may be sent with the recipient's prior consent (opt-in).
• Internet is the only medium that is able to cross geographic and national boundaries.
• The cost of promoting your business on the Internet is cheaper than other mediums of
marketing. This makes it easy for small and mid-sized businesses to advertise their
products.
• Internet allows the ability to stay connected with customers on a real-time basis. If any
discount going on, then it is easier to send an email to customers and they can buy the
product instantly. Internet also allows to send multiple messages at the same time,
which saves the tedious task of sending a newsletter to every client.
• Internet marketing facilitates an instant feedback from the customers. Customers can
share about their experience after using the product.
• Internet marketing saves a lot of time and effort. Instead of having a customer service
representative to answer the queries of customers, one can put all the information about
the product or service on the Internet so that customers can go through it. The most
common way of doing it is to have a section dedicated to frequently asked questions
(FAQs) about the product so that customers get all the required information about the
product or the service.
• Internet marketing allows your business to be available 24/7, which means increased
sales and profits.
Data Collection:
Data collection means to a purposive gathering of information relevant to the subject matter of
the study from the units under research. Primary data are empirical observations gathered by
the researcher or his associates for the first time for any research and used by them in statistical
analysis. There are several methods of collecting primary data particularly in descriptive
researches.
• Telephone enquiries
• Postal/mail questionnaire
• Personal interviewing
• Panel research
Telephonic inquiries and mailing questionnaires are the best’s method for gathering quickly
needed information at the cheapest way. Secondary Data:
Secondary Data is the data collected by others in the past and used by others. It may be either
being published or unpublished data. It includes the following:
1. Various publications of central, state and local governments.
2. Various publications of foreign governments or international bodies.
3. Technical and trade journals
4. Books, magazines, and new paper.
5. Reports prepared by research scholars, university economists etc.
AlibabaGroup:
Alibaba Group Holding Limited is a Chinese e-commerce company that provides consumerto-
consumer, business-to-consumer and business-to-business sales services via web portals. It
also provides electronic payment services, a shopping search engine and data-centric cloud
computing services.
Alibaba has been the most dominant retailer in the world, generating more gross merchandise
volume (GMV) than Amazon.com and eBay combined. Its online sales & profits surpassed all
US retailers (including Wal-Mart, Amazon and eBay) combined in 2015.[9] It has been
expanding into media and entertainment industry, with revenues rising 3-digit percents year on
year.
Amazon.com
Ebay
CHAPTER 13
REFFERENCE
REFFERENCE
A) BIBLIOGRAPHY:
7th edition
B) WEBLIOGRAPHY
www.wikipedia.com
www.techopedia.com,
www.webopedia.com
www.flipkart .com
www.facebook.com
www.snapdeal.com
CHAPTER 14
APPENDIX
APPENDIX
RESEARCH QUESTIONNAIRE
Respondent’s details
Name: ______________________________________(optional)
If the respondent has never used or visited Amazon, the respondent is forwarded to the
conclusion
*Next step for the respondent : Next Page
2. Page 1
Back to summary
This short survey looks at a number of questions which are mainly related to people's
online shopping experiences. Please complete it in full for your submission to be
valid.
Q2.Where do you mostly use the Internet?
At home
At work
Other, please specify:
Q3.What is your main purpose for using the Internet?
Shopping
Work
Education
Hobby
Q4.How much do you spend on average for Retail shopping per month in GBP (High
Street / Malls etc)?
£0 - £30
£30 - £90
£90 - £120
£120 +
*Next step for the respondent : Next Page
3. Page 2
Back to summary
Q5.How much do you spend on Online shopping per month in GBP (Website
Shopping)?
I never buy online
£0 - £30
£30 – 90
£90 - £120
£120 +
*Filter forwarding to the associated page :
If the respondent never buys online, the respondent is forwarded to page 4
*Next step for the respondent : Page 5
4. Page 3
Back to summary
Q6.What is the reason you have never bought online?