Internet Marketing is an all-inclusive term for marketing products and/or services online – and like many all-inclusive terms, Internet marketing mean...
Internet Marketing is an all-inclusive term for marketing products and/or services online – and like many all-inclusive terms, Internet marketing means different things to different people.
Essentially, though, Internet marketing refers to the strategies that are used to market a product or service online, marketing strategies that include search engine optimization and search engine submission, copywriting that encourages site visitors to take action, web site design strategies, online promotions, reciprocal linking, and email marketing – and that’s just hitting the highlights.
Internet marketing is indeed very influential to several types of industries. First of all, Internet marketing is the method of selling products with the use of the Internet. Currently, it has made a huge impact on industries that were once retail-oriented. Examples of these industries are film, music, flea markets, banking, pharmaceuticals and advertising as well. It went past radio marketing with regards to market share.
As for the music industry, Internet marketing has become a source for music files download. Ever heard of iTunes? In year 2008, iTunes Store became the leading music retailer in the whole United States.
Aside from these, banks are now performing several tasks through the net. Numerous people find online banking more appealing than actual visits to the bank because of its convenience. As a matter of fact, more than 150 million U.S. citizens go with online banking. Out of the 100% of people using Internet, 44% are performing banking tasks over the Internet. Also, online auctions are fast becoming popular. The items that were previously sold only at flea markets are now sold on online auctions, with eBay.com being the most popular.
One of the advantages of Internet marketing is the broad reach it has to consumers. The Web is not just nationwide - it's worldwide. This means that your product or service can be viewed by people just about anywhere in the world. Compared to other forms of advertising, Internet marketing can reach a far larger number of people. Television and radio ads just can't compare to a pop-up or banner ad online. Mailings get thrown away and aren't cost effective. Billboards only reach those who happen to be paying attention at just the right time. Consumers will hang up on or put off talking to a telemarketer. In the time it takes to make one phone call, you can send thousands of emails. Overall, it just makes more sense to put your money into online promotions.
Another advantage is that when you put your money into it, you won't have to put too much. Not only is online marketing fast and easy, it's relatively inexpensive. Compared to other forms of promotions, it is far more affordable and cost effective. Naturally, in certain venues can be expensive, especially if you want a banner ad or link on an extremely popular and well known website. More often than not, though, it can be highly affordable for just about any size business. You may find that banner and pop-up ads on a good website are out of your reach financially, but that a link is not. You may be able to afford a pay-per-click program with a major website. Compare prices to see what best suits your needs.
Advantages:
· Ability to market your services for free or at a low cost.
· Ability to sell anything online.
· Ability to collect payment online.
· So many business models on the internet that it supercedes or traditional business models by a mile.
· Ability to create affiliate systems and recruit affiliates.
· Lot's of resources freely available online.
· Lot's of how-to resources.
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