E-Marketing Research
E-Marketing Research
E-Marketing Research
CHAPTER 3
DEFINITION
• KNOWLEDGE ASSETS CAN BE UNSTRUCTURED, TACIT KNOWLEDGE OR STRUCTURED,
EXPLICIT KNOWLEDGE, CODIFIED
• TACIT VS EXPLICIT
• KNOWLEDGE MANAGEMENT
-ORGANISATION ARE FOCUSING ON KMS
- KM REQUIRES SATISFACTORY SYSTEMS AND CONTROLS IN PLACE
- THERE SHOULD BE PROPER CONTENT REPRESENTATION OF KNOWLEDGE ASSETS
• PROCESS OF MANAGING THE CREATION, USE, AND DISSEMINATION OF KNOWLEDGE.
• MARKETING KNOWLEDGE IS DIGITIZED GROUP MIND OR COLLECTIVE MEMORY
KNOWLEDGE MANAGEMENT
• VARIOUS TECHNIQUES:
• (1) SURVEYS AND QUESTIONNAIRES,
• (2) GETTING OPINIONS THROUGH ONLINE COMMUNITIES AND AT THE POINT OF CHECKOUT AND (3) GETTING
CUSTOMER COMMENTS THROUGH DISCUSSION FORUMS AND SOCIAL NETWORKING SITES
• 2 ASPECTS OF KM
- TO ACQUIRE, STORE, LOCATE AND UPDATE THE INFORMATION
- TO SHARE AND DISSEMINATE CONTEXTUAL INFORMATION AND EXPERT INSIGHT
IT IS THE END PRODUCT OF THE TRANSFORMATION FROM DATA TO INFORMATION TO KNOWLEDGE.
KNOWLEDGE CREATION-NEW KNOWLEDGE +EXISTING KNOWLEDGE
KNOWLEDGE TRANSFER
KNOWLEDGE APPLICATION –DEFINE MECHANISM
KNOWLEDGE MANAGEMENT FUNCTIONS CREATE A CONTINUOUS KNOWLEDGE FEEDBACK LOOP:
*Marketing Knowledge*
Tie r 1 Tie r 2
Segmentation Marketing Performance
S Targeting
Differentiation
Mix
CRM
Metrics
Positioning
CHANGE IN LANDSCAPE THROUGH E-MARKETING
• PRIMARY DATA
ACCOUNTING DEPARTMENT GENERATES DATA ABOUT SALES, CASH FLOW, MARKETING EXPENSES, AND
PROFITABILITY
SALES INFORMATION SYSTEMS USING SALES AUTOMATION SOFTWARE & E-COMPLAINT TRACKER
• SALES REPS ARE ALSO INSTRUMENTAL IN ENTERING COMPETITIVE AND
INDUSTRY INFORMATION GAINED IN THE FIELD
SOURCE 2:
When specific information is not available –use of secondary data.
This data may not serve the e-marketer’s purpose
Quality of secondary data not guaranteed.
Secondary data may not be up-to-date
Business intelligence-environmental scan giving market information
Major internet benefit-is access about environmental factors and trends.
• PUBLICLY GENERATED DATA
• PRIVATE GENERATED DATA
• ONLINE DATABASES-PUBLICLY AVAILABLE INFORMATION ACCESSES THROUGH
INTERNET
COMPETITIVE INTELLIGENCE EXAMPLE
• ORGANIZATIONAL FUNCTION RESPONSIBLE FOR THE EARLY IDENTIFICATION
• OF RISKS AND OPPORTUNITIES IN THE MARKET BEFORE THEY BECOME OBVIOUS
• 40% OF ALL FIRMS REGULARLY CONDUCT CI ACTIVITIES
• INTELLIGENCE CYCLE:
1. DEFINE INTELLIGENCE REQUIREMENTS.
2. COLLECT AND ORGANIZE INFORMATION.
3. ANALYZE BY APPLYING INFORMATION TO THE SPECIFIC PURPOSE AND RECOMMENDING ACTION.
4. REPORT AND INFORM OTHERS OF THE FINDINGS.
5. EVALUATE THE IMPACT OF INTELLIGENCE USE AND SUGGEST PROCESS IMPROVEMENTS.
• SOURCES OF CI:
DISADVANTAGES
• MISSING OF NON VERBAL COMMUNICATION
• AUTHENCITY PROBLEM
• TECHNICAL ISSUES
• ONLINE OBSERVATION: MONITOR PEOPLE’S BEHAVIOR BY WATCHING THEM IN RELEVANT SITUATIONS
• REACTIVE ONLINE OBSERVATIONS & NON REACTIVE ONLINE OBSERVATIONS
• NON REACTIVE-OBSERVES INCIDENTS WITHOUT INTERVENTION
• LEGAL CONTEXT
• BASIC THINGS PEOPLE DO ONLINE-
• CONNECT , ENJOY , LEARN, TRADE
DEFINITION
• MARKETING SEGMENTATION
IT IS THE PROCESS OF AGGREGATING INDIVIDUALS OR BUSINESSES ALONG
SIMILAR CHARACTERISTICS THAT PERTAINS TO USE , CONSUMPTION OR BENEFITS
OF A PRODUCT OR SERVICE.
MARKET SEGMENTS
TARGETING IS THE PROCESS OF SELECTING THE TARGET MARKETS THAT ARE MOST
ATTRACTIVE TO THE FIRM AND SELECT AN APPROPRIATE COVERAGE STRATEGY
SEGMENT COVERAGE STRATEGY
APPROACHES FOR SEGMENT COVERAGE
• DEMOGRAPHIC SEGMENTS
• MILLENIALS (1979-1994)
• MULTITASKING AND INFORMATION OVERLOAD
• OPERATE ANY RECEIVING APPLIANCE
• POP-UP AND BLOCKER, USE VIDEORECORDER
• USE BROADBAND –DOWNLOADING
• ETHNIC GROUPS:ARE ALSO USUALLY UNITED BY COMMON CULTURAL, BEHAVIOURAL,
LINGUISTIC, OR RELIGIOUS PRACTICES.
• INFLUENTIALS: REPRESENT 10% OF POPULATION
• CELEBRITIES
• INDUSTRY EXPERTS
• BLOGGERS AND CONTENT CREATORS
USER SEGMENTS
• SIMPLIFIERS-END TO END CONVENIENCE (7 HOURS /MONTH)
• SURFERS-WANT WANTS NEW IN THE MARKET
• LOOK FOR NEW FEATURES,DESIGN,WIDE ASSORTMENT AND CONTINUAL UPDATES
CONNECTORS-NOVELTY SEEKERS.-
• MAIN PURPOSE IS TO BUILD RELATIONSHIP USING CHAT ROOMS & EMAIL
• BARGAINERS-LOOK FOR DEALS
• SPEND LEAST AMOUNT OF TIME ONLINE (E-BAY .COM)
• ROUTINERS-LOOK FOR SUPERIOR CONTENT.
• SEARCH NEWS AND FINANCIAL SITES
• SPORTSTERS-LOOK FOR HIGHLY INTERACTIVE CONTENT (ENTERAINTMENT,SPORTS)
DIFFERENTIATION
& POSITIONING
STRATEGIES
DIFFERENTIATION
• PROCESS OF ADDING A SET OF MEANINGFUL AND VALUED DIFFERENCES TO DISTINGUISH COMPANY’S OFFERING
FROM COMPETITOR’S OFFERING
1. PRODUCT DIFFERENTIATION
• CUSTOMISATION AND BUNDLING
• PACKAGING MINIMIZATION
2. SERVICE DIFFERENTIATION
• RECEIVE AND PROVIDE INSTANT SERVICE
• DISTRIBUTION OF PRODUCTS ONLINE-ONLINE BANKING, SECURITIES TRADING
3. PERSONNEL DIFFERENTIATION
• GOING ONLINE-HAS REMOVE THE EXPENSIVE HUMAN ELEMENT
• CHANNEL DIFFERENTIATION
• INTERNET-REACH FROM LOCAL-GLOBAL
• CONDUCT COMMERCIAL TRANSACTIONS ONLINE ON THE ADVANTAGE OF INTERNET PROPERTIES AS DISTRIBUTION
& DISTRIBUTION CHANNEL
• ONLINE COMPANIES PROVIDE SUFFICIENT INFORMATION
• DIFFERENTIATION OF COMPETITOR’S INTERNET RELATED SERVICE OFFERINGS
SERVICE DIFFERENTIATION
• ENVIRONMENTS
• PHYSICAL ENVIRONMENTS SUCH AS THE ARCHITECTURE AND DECOR OF A HOTEL.
• CUSTOMER SERVICE-FAST, FRIENDLY AND DILIGENT CUSTOMER SERVICE.
• BRAND IDENTITY-ESTABLISHING A BRAND FOR SERVICES INCLUDING ELEMENTS SUCH AS VISUAL
IDENTITY AND BRAND PROMISE.
• FUNCTIONS
• FUNCTIONS ARE THINGS THAT CUSTOMERS CAN ACHIEVE WITH A SERVICE. FOR EXAMPLE, A SOFTWARE SERVICE
THAT ALLOWS SALESPEOPLE TO ESTIMATE THE PRICES OF COMPETITORS BASED ON MARKET INTELLIGENCE.
• FEATURES
• THE DETAILS OF HOW THE SERVICE IS DELIVERED. FOR EXAMPLE, A FLIGHT THAT OFFERS ORGANIC MEALS IN
ECONOMY.
• REPUTATION
• REPUTATION SUCH AS A HOSPITAL THAT HAS A REPUTATION FOR EMPATHY AND PROFESSIONALISM.
• RELIABILITY
• RELIABILITY SUCH AS A WEBSITE THAT IS ALWAYS UP OR AN AIRLINE THAT IS RARELY DELAYED.
• CONVENIENCE
• SAVING THE CUSTOMER TIME AND EFFORT SUCH AS A ECOMMERCE SITE WITH FAST DELIVERY.
• USABILITY
• SERVICES THAT ARE EASE TO USE SUCH AS A MOBILE APP THAT FEELS INTUITIVE TO CUSTOMERS.
IMAGE DIFFERENTIATION
.
KEY TERMS
• CONVERSION: THE ACTION THAT THE WEBSITE WANTS THE USER TO TAKE.
USUALLY A CONVERSION RESULTS IN REVENUE FOR THE WEBSITE IN SOME WAY.
CONVERSIONS INCLUDE
SIGNING UP TO A NEWSLETTER OR PURCHASING A PRODUCT.
• COOKIE
A SMALL TEXT FILE THAT IS USED TO TRANSFER INFORMATION BETWEEN
BROWSERS AND WEB SERVERS. THEY HELP WEB SERVERS TO PROVIDE THE
RIGHT CONTENT WHEN IT IS REQUESTED.
• COUNT
RAW FIGURES CAPTURED FOR DATA ANALYSIS.
• EVENT
A STEP A VISITOR TAKES IN THE CONVERSION PROCESS.
KEY TERMS
GOAL
THE DEFINED ACTION THAT VISITORS SHOULD PERFORM ON A WEBSITE,
OR THE PURPOSE OF THE WEBSITE.
METRIC:
A DEFINED UNIT OF MEASUREMENT.
KEY PERFORMANCE INDICATOR (KPI)
• A METRIC THAT SHOWS WHETHER AN OBJECTIVE IS BEING ACHIEVED. VISITOR
VISITOR:
AN INDIVIDUAL VISITING A WEBSITE THAT IS NOT A SEARCH ENGINE SPIDER OR A SCRIPT.
PAGE TAG:
PIECE OF JAVASCRIPT CODE EMBEDDED ON A WEB PAGE AND EXECUTED BY THE BROWSER.
PAGE TAG
• YOU COULD ALSO CATEGORIZE PAGES BY THE TYPE OF INFORMATION THAT THEY CONTAIN:
• CASE STUDIES
• CATALOG
• DATASHEETS
• INSTALLATION GUIDES
• QUICK START GUIDES
• PODCASTS
• USER GUIDES
• SEMINARS
• TRAINING MANUALS
• THE FOLLOWING PAGE TAGS ARE BASED ON AREAS OF INTEREST WITHIN A WEB SITE STRUCTURE:
• ABOUT
• CONTACT
• DOWNLOADS
• HOME
WORKING WITH DATA
• BIG DATA IS A TERM THAT DESCRIBES THE LARGE VOLUME OF DATA – BOTH
STRUCTURED AND UNSTRUCTURED
• BIG DATA CAN BE ANALYZED FOR INSIGHTS THAT LEAD TO BETTER DECISIONS
AND STRATEGIC BUSINESS MOVES.
• BIG DATA IS USED TO BETTER UNDERSTAND CUSTOMERS AND THEIR
BEHAVIORS AND PREFERENCES.
• WHEN IT COMES TO DATA, ANALYST NEED TO:
MEASURE TRENDS , NOT ABSOLUTE FIGURES
FOCUS ON PATTERNS
INVESTIGATE ANOMALIES
WORLD OF DATA