STUDY ON THE EFFECTIVENESS OF DIGITAL MARKETING
Transcript of STUDY ON THE EFFECTIVENESS OF DIGITAL MARKETING
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STUDY ON THE EFFECTIVENESS OF DIGITAL
MARKETING
KETAN S
RESEARCH SCHOLAR
Department Of Management,
Himalayan Garhwal
University, Uttrakhand, India –
246169
DR. VIKRANT CHAUHAN
ASSOCIATE PROFESSOR
Department Of Management,
Himalayan Garhwal
University, Uttrakhand, India –
24616
ABSTRACT
In this digital age, the marketers face new
challenges and opportunities. Digital
marketing is the advertisers' use of online
media to sell the goods or services into the
market. Digital marketing 's main goal is to
attract clients and encourage them to
engage with the brand through digital
media. This paper focuses on the importance
of digital marketing to advertisers and
customers alike. We are looking at the
impact of digital marketing on the revenues
of the businesses. Additionally the variations
discussed in this paper between
conventional marketing and digital
marketing. This study identified various
types of digital marketing, its efficacy and
the influence it has on the sales of
companies. The study analyzed consists of
one hundred and fifty companies and fifty
executives chosen at random to prove digital
marketing’s efficacy. Data obtained were
analyzed using various statistical
instruments and techniques.
KEYWORDS: marketers, advertisers,
techniques. Digital marketing.
INTRODUCTION
Marketing is a market practice which is
restless, evolving and complex. Due to
numerous crises, the position of marketing
itself has changed drastically-commodity
and energy shortages, inflation, economic
recessions, high unemployment, dying
factories, dying businesses, terrorism and
war, and effects due to rapid technological
changes in some factories. Such
developments, like the internet, have forced
today's marketing executive to become more
consumer oriented in their strategic
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decision-making, requiring a formalized
means to collect reliable and timely
information about consumers, goods and the
industry and the overall environment.
Online marketing includes Internet use for
Market the products or services and sell
them. Online marketing makes use of the
power of electronic commerce to advertise
and sell goods. Electronic commerce applies
to every on-line market. Electronic
commerce facilitates the selling, purchase,
trade over the internet of goods or services.
Digital marketing is a branch of electronic
commerce. With the acceleration of Internet
growth, internet marketing has begun to
become very popular. It is said that in the
beginning of 1990 internet marketing started
with only text-based websites that provided
product details. With Internet development,
it is not only selling goods alone, but
additionally, product details, advertising
space, software programs, auctions, stock
trading, and matchmaking. The approach
has revolutionized a few companies; the
Internet can be used for marketing, such as
Google.com, Yahoo.com, Amazon.com,
Alibaba.com and Youtube.com, for
example. This paper provides perspectives
on some current and potential Internet
marketing patterns.
Digital Marketing is one kind of showcasing
being generally used to advance items or
administrations and to arrive at buyers
utilizing computerized channels. Advanced
advertising reaches out past web showcasing
including channels that don't require the
utilization of Web. It incorporates cell
phones (the two SMS and MMS), internet
based life showcasing, show promoting, web
index advertising and numerous different
types of digital media.
Through digital media, shoppers can get to
data whenever and wherever where they
need. With the nearness of advanced media,
buyers don't simply depend on what the
organization says about their image yet in
addition they can follow what the media,
companions, affiliations, peers, and so
forth., are stating also. Advanced
showcasing is an expansive term that alludes
to different limited time strategies conveyed
to arrive at clients through computerized
advances. Computerized showcasing
exemplifies a broad choice of
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administration, item and brand advertising
strategies which for the most part use Web
as a center limited time medium
notwithstanding versatile and conventional
television and radio. Standard Picture
Passage assists shoppers with sharing their
computerized photographs with companions
on the web. L'Oréal's image Lancôme
utilizes email pamphlets to stay in contact
with clients and consequently attempts to
fortify client brand unwaveringness
(Merisavo et al., 2004). Magazine
distributers can actuate and drive their
clients into Web with messages and SMS
messages to improve re-membership rate
(Merisavo et al., 2004).
Advertisers progressively bring brands
nearer to shoppers' regular daily existence.
The changing job of clients as co-makers of
significant worth is getting progressively
significant (Prahalad and Ramaswamy,
2004). Khan and Mahapatra (2009)
commented that innovation assumes an
imperative job in improving the nature of
administrations gave by the specialty units.
As indicated by Hoge (1993), electronic
advertising (EM) is an exchange of
merchandise or administrations from dealer
to purchaser including at least one electronic
strategies or media. E-Promoting started
with the utilization of transmits in the
nineteenth century. With the creation and
mass acknowledgment of the phone, radio,
TV, and afterward satellite TV, electronic
media has become the predominant
promoting power. McDonald's uses online
channel to fortify brand messages and
connections. They have constructed online
networks for kids, for example, the Glad
Supper site with educative and engaging
games to remain quiet about clients in every
case close (Rowley 2004). Reinartz and
Kumar (2003) found that the quantity of
mailing endeavors by the organization is
decidedly connected with organization
benefit after some time. The essential points
of interest of web based life showcasing is
decreasing expenses and upgrading the span.
The expense of an online networking stage
is commonly lower than other showcasing
stages, for example, eye to eye deals or deals
with an assistance of brokers or merchants.
Likewise, online networking showcasing
permits firms to arrive at clients that may
not be available because of fleeting and
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locational constraints of existing dispersion
channels. For the most part, fundamental bit
of leeway of web based life is that it can
empower organizations to expand reach and
lessen costs (Watson et al. 2002; Sheth and
Sharma 2005).
As indicated by Chaffey (2011), web-based
social networking promoting includes
"empowering client correspondences on
organization own site or through its social
nearness". Internet based life advertising is
one significant strategy in advanced
promoting as organizations can utilize
online networking structure to disseminate
their messages to their intended interest
group without paying for the distributers or
merchant that is trademark for conventional
showcasing. Advanced showcasing,
electronic advertising, e-promoting and Web
showcasing are largely comparable terms
which, basically, allude to "showcasing on
the web whether by means of sites, online
advertisements, pick in messages, intelligent
stands, intuitive television or mobiles"
(Chaffey and Smith, 2008). Giese and Gote
(2000) finds that client data fulfillment
(CIS) for advanced showcasing can be
conceptualized as a whole of full of feeling
reaction of shifting power that follows
utilization and is animated by central parts
of deals exercises, data frameworks (sites),
computerized items/administrations, client
service, after-deals administration and
friends culture.
Waghmare (2012) called attention to that
numerous nations in Asia are exploiting web
based business through opening up, which is
fundamental for advancing rivalry and
dispersion of Web advances. Zia and
Manish (2012) found that at present,
customers in metropolitan India are being
driven by internet business: these purchasers
are reserving ventures, purchasing buyer
gadgets and books on the web. Despite the
fact that spending per online purchaser stays
low, some 59% of online customers in
metropolitan India as of now make buys
online at any rate once in a month. Dave
Chaffey (2002) characterizes e-showcasing
as "use of computerized advances – online
channels (web, email, databases, in addition
to versatile/remote and advanced television)
to add to advertising exercises planned for
accomplishing benefit procurement and
clients maintenance (inside a multi-station
purchasing procedure and client lifecycle)
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by improving client information on (their
profiles, conduct, worth and unwaveringness
drivers) and further conveying coordinated
correspondences and online administrations
that coordinate clients' individual needs.
Chaffey's definition mirrors the relationship
advertising idea; it underlines that it ought
not be innovation that drives e-promoting,
yet the plan of action. A wide range of
online networking give a chance to
introduce organization itself or its items to
dynamic networks and people that may
show intrigue (Roberts and Kraynak, 2008).
As indicated by Gurau (2008), internet
promoting condition raises a progression of
chances and furthermore challenges for
online networking advertising specialists.
ADVANTAGES TO CUSTOMERS
Digital Marketing brings various advantages
to the customers which are enumerated
below:
A customer can stay updated about
the product.
They can easily compare between
two products and more.
The rate of engagement is very high.
Information is very precise and clear
so that the customer can read and
understand each and everything with
ease.
There is no bondation in buying a
particular item at a particular time
afterwards shop will close. Digital
marketing focuses on 24/7 shopping
that means a customer can buy any
product ir-respective of time.
User/customer can easily share the
product or any service which they
like with others.
Prices are apparent that indicates that
the company shows its product price
at digital platform which makes the
pricing very clear.
If customer likes a product they can
buy that product instantly. If we
compare this with traditional
marketing in traditional marketing a
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customer first watch an
advertisement then search for a store
afterwards they can buy but digital
marketing makes it very easy that a
customer can buy anything while
sitting in their home.
Difference between Traditional
Marketing and Digital Marketing
The difference between traditional and
digital marketing is illustrated by the
following table below:
Table 1 Difference between Traditional and Digital Marketing
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Advertising platforms which could be used
as part of a business' digital marketing
campaign may involve advertising efforts
made via the Internet , social media, cell
phones, electronic signage, as well as
traditional television and radio networks.
Digital marketing is a sub-branch of
conventional marketing, which uses new
digital platforms to position items such as
streaming music, mainly to interact with
stakeholders such as consumers which
investors about brand, goods, and business
development.
DIGITAL MARKETING ELEMENTS
Digital marketing has various elements,
most important digital marketing elements
are illustrated below:
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I. Online advertisement
Digital marketing is a very significant aspect
of online advertising. It's also called internet
ads, from which company will send the
product or service post. Web-based
advertisement offers the information and ads
that better suits customer desires. Publishers
placed on their websites about their goods or
services so that customers or users are given
free information. Advertisers should
position online advertising which are more
successful and appropriate. Business
manages its spending well by online ads,
and has complete leverage over time.
II. SEARCH ENGINE
OPTIMIZATION
Popularly known by its short form (SEO). It
is the method of influencing the visibility of
the "normal" or unpaid ("organic") search
results of a website or web page in a search
engine. Generally speaking, the earlier (or
higher on the search results page), and the
more often a website appears in the search
results list, the more visits it gets from users
of the search engine. SEO that target various
types of search including image search, local
search, video search, academic search, news
search, and vertical search engines unique to
the industry.
III. SOCIAL MEDIA MARKETING
SMM or social media marketing is an
exemplar of the SEM campaign. This means
moving traffic through social media such as
Facebook, Instagram , Twitter, Pinterest,
Google+ , LinkedIn, etc. to your pages or
company. As we mentioned above, it shares
and likes good content. In this way, create
and customize content for growing social
media channels. Remember to be consistent
and original; you will communicate with
users on a regular basis, four to five times a
day at least. Your SMM activities can be
particularly useful in branding and
improving sales. With the advent of social
media the methods and strategies for
interacting with consumers have changed
significantly; accordingly, businesses must
learn how to use social media in a manner
compatible with their business strategies
(Mangold and Faulds 2099). A customer
needs to be open to the technologies in order
to build a successful marketing strategy
through social media.
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IV. E-Mail Marketing
When message is sent to the current or
potential customer via email about the
products or services, this is known as email
marketing. Direct digital marketing is used
to deliver ads, create brand and consumer
loyalty, build customer trust and develop
brand recognition. Through making easy use
of this aspect of digital marketing, company
may promote its goods and services.
Comparing with ads or other types of media
representation it is fairly low cost. Company
can draw full consumer interest by
producing an enticing combination of
graphics , text, and links on the goods and
services.
V. TEXT MESSAGING
This is a way of sending cellular and mobile
devices information about the goods and
services. Company can submit information
in the form of text (SMS), images, video or
audio (MMS) by using the phone devices. In
Europe and some parts of Asia, marketing
via cell phone SMS ( Short Message
Service) became increasingly common in
the early 2000s. One may send
confirmations of the order, send alerts via
text message. Using SMS is providing
quicker and more meaningful results for
campaigns. Using this strategy, marketers
can deliver real-time, any time, marketing
messages to their customers and can be sure
that they will see the message. Company
may create a questionnaire and get valuable
customer feedback necessary for future
production of their goods or services.
VI. PPC
Pay-per - click advertising is a strategy to
use search engine ads to attract clicks to
your website, rather than organically
"earning" those clicks. For searchers and
advertisers the pay per click is fine. This is
the perfect way to market the business
because it offers low cost and greater
attention to the goods and services.
OBJECTIVES OF THE STUDY
The objectives of this study are illustrated
below:
The main objective of this study is to
find out the effectiveness of digital
marketing.
This study articulates about the
digital marketing elements.
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This study clears the concept of
difference between traditional and
digital marketing.
This study enumerates the digital
marketing advantages for customers.
DATA COLLECTION AND
ANALYSIS OF THE STUDY
Technique stems from the systematic and
theoretical examination of the approaches
used to determine the suitability of one
particular method to be applied to a field of
study. This includes usually terms such as
structure, theoretical model, stages, and
quantitative or qualitative techniques. This
analysis is performed using both the primary
and secondary sources of data.
In addition, we also gathered data from 50
sample executives and other specific
companies to learn their perspective on
digital marketing effectiveness.
Data and information gathered were
structured, explained, and analyzed using
various statistical tools and techniques. This
analysis presents findings in both concise
and analytical manner.
ANALYSIS
Cor-relational Analysis
In order to demonstrate the connection
between the various elements of digital
marketing and improved revenue, we have
gathered data from one hundred and fifty
businesses that are using the different
strategies or elements of digital marketing.
The findings are set out below:
Table 2 Correlation Analysis
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From the above table, we can infer that
every aspect of digital marketing is linked
positively to the increase in sales. This
suggests that all digital marketing
components have a positive impact on the
revenues of firms. Online ads, email
marketing , social media and search engine
optimization ( SEO) are strongly positively
associated with the rise in revenue as the
importance of r is respectively.869,.873,.840
and.840. The r value of text messaging and
pay per click (PPC) is .667and.560 which
also indicates poor positive correlation with
the rise in revenue.
Digital Marketing Analysis
Digital media is so ubiquitous that users can
access information whenever they want, and
wherever they want. This was a long time
ago that people's communications about
particular goods or services consisted simply
of what a corporation needed them to say.
Table 3 Summary of the model
According to the above table, we can infer
that the relationship with digital marketing is
largely clarified by almost all the variables
having weight. Staying updated with goods
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or services , for example, is explained by
71.80 percent of digital marketing and
another aspect explains the remaining 28.20
percent. 51.60 percent of digital marketing
indicates greater involvement and the
remaining 48.40 percent is explained by
other factors. Clear details about the goods
or services are clarified by 62.90 percent in
digital marketing and another aspect
explains the remaining 37.10 percent. From
the above table we can also see that the F
value is greater than 80 indicating the
model’s power
.
CONCLUSION
Digital marketing platform has become an
important part of a lot of companies'
strategy. Nowadays there is a very
inexpensive and effective way to market the
goods or services even for small business
owners. There are no frontiers of digital
marketing. Company may use any devices
such as smartphones , tablets , computers,
televisions, game consoles, digital
billboards, and media such as social media,
SEO ( search engine optimization), videos,
advertising, email and much more to
promote the business itself and its products
and services. Digital marketing will be more
effective if it considers consumer needs as a
top priority. Just like "Rome was not built in
a day," so, the effects of digital marketing
will not come without attempt, without trial
(and error), either. At the core of all digital
marketing campaigns will be the
watchwords "check, know, and develop."
Companies will create creative user
interactions and clear media strategies to
determine the best direction for driving up
the success of digital marketing.
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