ashwin_project.docz[1]
ashwin_project.docz[1]
ashwin_project.docz[1]
SESSION-2022-24
PROJECT REPORT
ON
“Current Trends of Internet Marketing
Towards Online Shopping”
Submitted as partial Fulfilment For
To
Date: Designation:
Place:
ACKNOWLEDGMENT
I am grateful to my guide Prof. Shilpi Nag Patil of Medi-Caps
University, Department of Management, Indore for his
precious guidance throughout my research project. He has
devoted valuable time and motivated me at every step
towards completing this project. The study would not have
been possible without his generous guidance.
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.
Table of Contents
CHAPTERS CONTENTS PAGE No.
Declaration by the Candidate/Student i
Certificate of the Supervisor/Guide ii
Acknowledgement iii
Abstract iv
Table of Contents v
1. Introduction 1
2. Review of literature
3. Research Methodology
3.1 Objective to online marketing
3.2 Sample characteristics
3.3 Hypotheses of the study
4. Data Analysis and Interpretation
5. Conclusion
Chapter 1
INTRODUCTION
INTRODUCTION
Online marketing also known as digital marketing, web marketing, and internet
marketing 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
w:
Web Marketing:
Web marketing includes Web sites, Affiliated marketing web sites, promotions or
Informative Web sites , online advertising on search engines , and organic search
engine results via search because it not only refers to marketing on the internet,
but also includes marketing done via e-mail and wireless media.
Web Marketing
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 e-
commerce applies traditional marketing principles to a multichannel, data-driven
environment. Digital marketing for e-commerce 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.
Email Marketing
E-commerce Marketing:
E-commerce marketing is the process of driving sales by raising awareness store’s
brand such as Amazon, flip kart, snap deal and many other online product
services, product offering companies. Digital marketing for ecommerce applies
traditional marketing principles to a multichannel, data-driven environment.
E-commerce marketing
Business-to-customer(B2C):
Business-to-customer marketing refers to the tactics and best practices used to
promote products and services among consumers.B2C marketing differs from B2B
marketing in a number of key ways, one being that it often depends on
campaigns' abilities to invoke emotional responses, rather than solely
demonstrating value.
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.
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 objectives in specific terms.
The survey design can be defined as: “gathering information about a large
number of people by interviewing a few of them
The definition can be modified by stating that collecting information with
other data collection alternatives available to survey researcher in
addition to interviewing i.e. questionnaire, personal observation etc.
Surveys are conducted in case of descriptive research studies with the help
of questionnaire techniques in most appropriate manner. Survey type of
research studies usually have larger sample. It is concerned with
conditions or relationships that exists, opinion that are held, processes
that are going on effects that are evident or trends that are developing.
Thus in surveys variables that exist or have already occurred are selected
and observed. It is the example of field research.
The major goal of descriptive research is to describe events, phenomenon
and situations on the basis of observation and other sources through
survey:
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 MWD Web 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.
Improve Local SEO
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.
1. Demographic information
Age: participants ranged from 18 to 50 years old, with the majority falling
between 25 to 35 years.
Gender: the sample comprised 60% female and 40% male participants.
Location: participants were from diverse geographical locations, including
urban and rural areas.
Education level: the majority of participants had completed at least a
bachelor’s degree(70%) while 30% had a high school diploma or
equivalent.
2. Online shopping behavior:
Frequency of online shopping: 45% of participants reported shopping
online at least once a month, while 30% shopped online weekly.
Preferred devices: 55% of participants used laptops, and 10% used tablets
for online shopping.
Popular platforms: participants frequently used platforms like Amazon,
eBay, and local e-commerce websites for their online purchases.
Payment methods: 70% of participants preferred using digital payment
methods such as credit/debit cards, mobile wallets, or internet banking.
3. Internet Marketing Awareness
Social Media Usage: 80% of participants were active on social media
platforms like Facebook, Instagram, and Twitter.
Influencer Impact: 65% of participants admitted to being influenced by
social media influencers' recommendations while making purchase
decisions.
Email Marketing: 50% of participants regularly checked promotional
emails from online stores.
4. Challenges and concerns:
Security Concerns: 40% of participants expressed concerns about the
security of online transactions and their personal data.
Delivery Issues: 25% of participants reported facing problems related to
late deliveries or damaged goods in their online shopping experiences.
Price Sensitivity: 60% of participants considered competitive pricing as a
significant factor influencing their online purchasing decisions.
Last 15 days 17
Last month 34
Last purchase
45
40
35
30
Respondent
25
20
15
10
5
0
Last week Last 15 days Last month Last year
Axis Title
time
Interpretation
According to survey Last time made a purchase over the internet
9 respondent says that
last week,17 says last 15days,34says last month and 40 says last year. Items have
you purchase on 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.
Video/DVD’s/Games 25 25%
Electronics equipment 18 18%
Computer hardware /software 12 12%
Clothing 8 8%
music 22 22%
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
Credit cards 27
Debit cards 10
Online bank transfer 8
Cash on delivery 55
Mode of payment
60
50
40
respondent
30
20
10
0
Credit cards Debit cards Online bank transfer Cash on delivery
Interpretation
According to survey 27 respondents make payment through Credit cards, 10
Debit cards, 8Online Bank transfer and 55 online cash payment out of 100.Factor
affecting online shopping:
4. Information about product and Services
Rating 1 2 3 4 5
Respondent 10 16 18 24 32
30
25
20
15
10
0
1 2 3 4 5
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
Rating 1 2 3 4 5
Respondent 12 8 28 22 30
25
Respondent
20
15
10
0
1 2 3 4 5
Axis Title
Rating
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
Rating 1 2 3 4 5
Respondent 8 17 16 26 33
30
25
20
15
10
0
1 2 3 4 5
Interpretation
Bum According to this score, it can be interpreted that convenience in online
shopping is an important factor. 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.
6. Delivery time and mode of payment
30
25
Respondent
20
15
10
0
1 2 3 4 5
Axis Title
Rating 1 2 3 4 5
Respondent 7 13 25 22 33
25
Respondent
20
15
10
0
1 2 3 4 5
Axis Title
Column1
Interpretation
According to this score, it can be interpreted that Delivery time And mode of
payment in online shopping is an important factor.
Chapter 5
Conclusion
Conclusion
The most preferred product of online buying is travelling tickets and
clothing remains the least preferred choice of online shoppers.
Online shoppers seek for clear information about product and service, time
saving, 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.