Professional Documents
Culture Documents
SUMMER INTERNSHIP
PROJECT REPORT
ON
“E-MARKETING”
IN
Submitted To
2009-2011
AFFILIATED TO
(MARKETING)
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ACKNOWLEDGEMENT
Hitesh Parmar
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ABSTRACT
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EXECUTIVE SUMMARY
This summer project is prepared on “E-Marketing” as a part of MBA
curriculum. This descriptive research report examines how the impact
of internet changes marketing view of corporate leaders in today’s
world.
As this report is concerned with marketing management, it mainly
includes “concepts” & “strategies”, “tools”, and factors affecting to e-
Marketing.
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Table of Contents
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1. Introduction
1.1Company Profile
Introduction
Values
Integrity
Innovation
Student Care
Team work
Simplicity
Key Strengths
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Quality
24x7 service
Background
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something, they would call the company on a phone number
provided by the website. Eventually, the technology existed so that
companies could sell their products right from their website. All
these have changed with the development of new encryption
methods and secure site technology. Online purchasing has
exploded in the past three years and is expected to grow
exponentially over the coming decade. Many of the Internet
marketing pioneers who began selling online five years ago have
become millionaires. Books and courses that reveal their Internet
marketing secrets are readily available for purchase. There’s never
been an easier time for starting an Internet business. E-commerce
began to grow very quickly once methods to securely provide your
credit card number became available. Consumers could now order
products right from their home. Companies could reach customers
all over the world. Online auction sites became very popular as
people could sell their items to each other for a small fee. There also
was an increased use of the internet as a source of advertising.
Companies began to place ads on other websites to promote their
products. Today pay per click advertisements benefit both the
publishers of the websites and the company which has goods to sell.
Affiliate programs are also very popular. They allow website owners
to advertise products on their website and if a customer purchases
the item, then the website owner gets a percentage of the sale. The
internet has even been used as a primary source of advertising.
Companies have created innovative advertising programs,
sometimes referred to as viral marketing. Viral marketing seeks to
create a buzz about a product through word of mouth. Some viral
marketing plans even use alternate reality games in order to
promote a particular product. The Internet is changing the way we
do business, the way we market, sell, service, distribute,
communicate, and work. Businesses are already beginning to
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communicate with customers, distributors, suppliers, shareholders,
and employees in a way that is truly one-to-one and real-time.
“Personalized” web sites are delivering tailored messages to an
infinite number of target markets. These sites can change based on
the user’s buying and surfing habits, past usage of the site,
demographics, relationship to the company, and a multitude of other
attributes which could be collected from the users online or culled
from corporate legacy databases. The Internet has also become the
most economical distribution system of information available.
Companies can ship “bits” weightless electrons around the world at
the speed of light, for a fraction of what it costs to ship heavy
“atoms” at the speed of freight. In just a few years the Internet will be
as essential of a business tool as what the phone and FAX are
today. Intranets, real-time transaction processing, and “customer
self-service” are just the beginning. We are transitioning from static
sites to dynamic and personalized sites, from broadcasting to
narrow Casting, from information dissemination to actual commerce.
But, we can also look forward to an “information glut” of
unimaginable proportions, Web sites that run into the millions of
dollars to build and maintain, and massive data warehouses about
consumers that are networked together across companies and
continents. The big story of the past few years has been the
incredible rise in the mobile user base in India. Growth now in terms
of new user additions is the fastest in the world. And there are plenty
of new consumers still waiting to be tapped. India has the potential
to lead in mobile data usage. Given that PC-based Internet growth
has been slow (even though that is now changing), the mobile
Internet offers a great opportunity for service providers in India. India
has excellent mobile data networks on both the GSM and CDMA
platforms. In fact, given that the focus for the operators is on new
subscriber acquisition, the mobile data networks potential has been
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largely untapped. Mobile phones with Wi-Fi are already available for
less than Rs.18,000. These prices will fall further. Get a wireless
access point at home and combine with a broadband connection,
and suddenly, the mobile can now access data networks bypassing
the operator and data charges. This will create the opportunity for an
increasing array of data services. It is the incremental web which will
be the driver for the mobile. If one stops thinking of the mobile as a
poor man’s computer and instead thinks of it as a new interactive
device, then the potential of what is possible starts to become
apparent. The future will see the emergence of such innovative data
services in India.
Concept of Marketing
“The Process of planning and executing the conception,
pricing promotion and distribution of ideas, goods and services to
create exchanges that satisfy individual and organizational goal.”
- American Marketing Association
Marketing management is analysis planning, implementation
and control of programs designed to create, build, maintain
mutually beneficial exchanged and relationship with target market
for the purpose of achieving organizational goal.
-Philip Kotler
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Concept of E-Marketing
E-Marketing is the use of information technology in the
processes of creating, communicating and delivering value to
customers managing customer relations E-Marketing is the fusion of IT
with traditional marketing.
There is no doubt about it – the Internet has changed the
world we live in. Never before has it been so easy to access
information, communicate with people all over the globe and share
articles, videos, photos and all manner of media. The Internet has led
to an increasingly connected environment, and the growth of Internet
usage has resulted in declining distribution of traditional media:
television, radio, newspapers and magazines. Marketing in this
connected environment and using that connectivity to market is e-
Marketing. E-Marketing embraces a wide range of strategies, but what
underpins successful e-Marketing is a user-centric and cohesive
approach to these strategies. While the Internet and the World Wide
Web have enabled what we call New Media, the theories that lead to
the development of the Internet were being developed from
1950s.
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1.3Objectives of the Project
Scope of Study
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1.4 Details about Study
Why E-marketing?
Exceptional opportunity for knowledge-rich organizations
Many benefits
o Internal communication
o Knowledge management
o Market intelligence
o Project management
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E-mail Marketing
Automatic digest, Flash alert, Newsletter / Electronic magazine
o Active promotion of website content
Metrics:
o Open rate
o Click-through rate
o Conversion rate
Blog Marketing
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Search Engine Optimization
SEO (organic search optimization) can engage
prospects at different points of the buying process and provide long
term returns.
Banner Ad Testing
Display media has many opportunities for optimization
with both creative testing and media targeting.
Affiliate Marketing
This is process in which a product or service
developed by one person is sold by other active seller for a share of
profits. The owner of the product normally provides some marketing
material (sales letter, affiliate link, tracking facility).
Blackhat Marketing
This is a form of E-marketing which employs deceptive,
less than truthful methods to drive web traffic to a website or affiliate
marketing offer. This method sometimes includes spam, cloaking
within search engine result pages, or routing users to pages they didn't
initially request.
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Viral Marketing
Hot Mail was one of the first examples of viral marketing
Bulletin boards, e-mail, chat rooms are the major conduits for viral
campaigns
Affiliate Marketing
This basically refers to selling other people’s product in return for
a commission. This is probably the fastest way anyone can get
started with earning money online. Not going to explain how this
is done as you’re going to find out how later.
Banner Advertising
Volatile history with sharply declining click through rates
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Search Engine Optimization
• The process of improving the volume and quality of traffic to a
web site from search engines via "natural" ("organic“) search
results
• SEO is the single-most important online marketing activity
• The benefits of a well “SEO” site will be dramatic
E-Marketing Mix
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1. Personalization
2. Privacy
Privacy is an element of the mix very much connected
to the previous one - personalization. When we gather and store
information about our customers and potential customers (therefore,
when we perform the personalization part of the e-
Marketing mix) a crucial issue arises: that of the way this
information will be used, and by whom. A major task to do when
implementing an e-Marketing strategy is that of creating and
developing a policy upon access procedures to the collected
information.
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This is a duty and a must for any conscious marketer to consider all
aspects of privacy, as long as data are collected and stored, data
about individual persons.
Privacy is even more important when establishing the e-Marketing
mix since there are many regulations and legal aspects to be
considered regarding collection and usage of such information.
2. Customer Service
3. Community
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The Metcalf law (named after Robert Metcalf) states that
the value of a network is given by the number of its components,
more exactly the value of a network equals the square of the
number of components. We can apply this simple law to
communities, since they are a network: we will then conclude that
the value of a community rises with the number of its members. This
is the power of communities; this is why we have to be a part of it.
The customers / clients of a business can be seen as part of a
community where they interact (either independent or influenced by
the marketer) - therefore developing a community is a task to be
performed by any business, even though it is not always seen as
essential. Interactions among members of such a community can
address any of the other functions of e-Marketing, so it can be
placed next to other moderating functions.
4. Site
6. Security
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through internet channels. What we need to keep in mind as
marketers are the following two issues on security:
- Security during transactions performed on our website, where we
have to take all possible precautions that third parties will not be
able to access any part of a developing transaction;
- Security of data collected and stored, about our customers and
visitors. A honest marketer will have to consider these possible
causes of further trouble and has to co-operate with the company's
IT department in order to be able to formulate convincing messages
towards the customers that their personal details are protected from
unauthorized eyes.
7. Sales Promotion
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E Marketing Strategies
• The Offer: Product strategies – Existing products sold online or
new products offered to the customers
• The Value: Pricing strategies – Dynamic pricing and Online
bidding
• Distribution strategies – Direct marketing and Agent E Business
models
• Marketing Communication strategies
• Relationship Management strategies – CRM software + customer
behavior = comprehensive database
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Your website needs a design and for this you need a
web designer. Correct web design, colors and correct placement of
web elements on your web page are important aspects for your site
to succeed.
1. So your site seems to be ready now. Next step. Make your site
presentable and make it known. So we are now into advertising
and marketing of your website. Here note this that 95% of
websites gets visitors from referred from search engines. These
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search sites work like a gateway to the internet world.
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5. Give them options to sign up for your newsletter free. You get
their emails and use a mailer program to send out regular mails to
them.
Of course not all products are physical and selling services has never
been easier when using the Internet. Now lawyers, consultants and
educators can provide information and/or advice and charge for it
through their website. Using tools like Internet files, discussion boards,
and web conferencing makes these professional services available to
a wider audience. Location is no longer an issue.
Offering Services
The Internet is a terrific way for service providers to connect with their
customers and meet the needs of their customers even if it is not face
to face. Here are some of the services you can now provide to
customers through your website:
Consulting
Education
Advice
Resource Management
Recommendations
With the Internet tools now available you can upload files, books,
videos, manuals and even whole university courses. Your customers
can take advantage of your services, and you get paid, all online.
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Providing Information
The Internet is a fantastic way to reach your target audience and sell
information. If you have access to a database or specialized
information you can charge your customers to view it. Here are some
of the types of information sites where you can make money:
Real Estate
Investing
People Finding
Consumer Reports
Book Summaries
Opportunities of E-Marketing
1. Incremental revenues
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A strong brand web site enables the reliance on OTAs to be
reduced and relationships to be renegotiated in order to bring
down the overall cost of sale
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Purchasing variations
CPV (Cost Per Visitor) or (Cost per View in the case of Pop
Ups and Under)
Where advertisers pay for the delivery of a Targeted Visitor to the
advertisers website.
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CPA (Cost Per Action) or (Cost Per Acquisition) advertising
It is performance based and is common in the affiliate marketing sector
of the business. In this payment scheme, the publisher takes all the
risk of running the ad, and the advertiser pays only for the amount of
users who complete a transaction, such as a purchase or sign-up. This
is the best type of rate to pay for banner advertisements and the worst
type of rate to charge.
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Advantages of E-Marketing:
Global Reach
Easy Marketing
Classified information on competitive products.
Acquire product knowledge.
Compare products & Services.
Economics
Cost effective strategies.
Faster & easier access to products, buyers and sellers.
Save Time and money you spend on sending faxes, couriers
etc.
Save money you spend on printing Catalogs, Brochures and
other promotional material.
Updates
Change of content is possible immediately.
Add new products and services.
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Link other principle sites to your e Brochures for wider
content reach.
Add latest news, events and other information immediately.
More attractive compared to physical brochures
Graphical user interface.
Provide product animations.
Also,
Internet adverting enables good conversion tracking
Targeting : trick is to place your ad where the right customers
can see it
Internet advertising is huge
Internet advertising has a lower entry-level fees
Internet advertising can be much cheaper
Internet advertising has greater range
Budget is low
The presentation to the market:
Relatively trouble-free: choose from a variety of advertisement
ways like Banner Ads, text ads, etc. All from the comfort of your
home.
Update ads: You can easily test the market
Direct Response:
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Disadvantages of Internet Marketing
Limitation-internet marketing requires customers to use newer
technologies rather than traditional media. Low-speed Internet
connections are another barrier. From the buyer's perspective,
the inability of shoppers to touch, smell, taste or "try on" tangible
goods before making an online purchase can be limiting.
However, there is an industry standard for e-commerce vendors
to reassure customers by having liberal return policies as well as
providing in-store pick-up services.
Security concerns-Information security is important both to
companies and consumers that participate in online business.
Many consumers are hesitant to purchase items over the Internet
because they do not trust that their personal information will
remain private. Recently some companies that do business online
have been caught giving away or selling information about their
customers
Broadband induced trends-Online advertising techniques have
been dramatically affected by technological advancements in the
telecommunications industry. Online advertisers are working
feverishly to design rich multimedia content that will engender a
“warm-fuzzy” feeling when viewed by their target audience.
effects on industries-Internet marketing has had a large impact
on several previously retail-oriented industries including music,
film, pharmaceuticals, banking, flea markets as well as the
advertising industry itself
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Challenges
• Data privacy or Data Protection
• Low percentage of computer penetration
• Internet connectivity
• Low percentage of surfers entering into online transactions
• Misuse of Credit cards
• Cyber security
• Cyber crime
• Loss of personal touch in shopping
• Legal issues (Trade mark, Domain name, Copyright, Jurisdiction
issues, etc.)
• Mistaken purchases or auctions
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1.5 Literature Review
Additional
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7 Cs of E-Marketing
Contract:
Content:
Construction:
Community:
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Concentration:
Convergence:
Commerce:
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Internet Marketing Strategies: Three Step Formula
[1]Developing Your Product
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The most important consideration when developing your product
is quality. Your product should not only deliver what you
promise, but should go above and beyond the expected and
over deliver. Your customers satisfaction is of the utmost
importance.
Everything within your web site should have one purpose -- getting
your visitor to take action. Words are the most powerful marketing tool
you have. The right words will turn your visitors into customers. The
wrong words will cause them to click away and never return.
Your words are the entire foundation of your business. Your product,
your web site and your marketing strategies all depend upon your
words. Fancy graphics don't make sales -- words do.
Every word, sentence and headline should have one specific purpose -
- to lead your potential customer to your order page. Write your web
site copy as if you are talking to just one person. Identify a problem
and validate that one visitor's need for a solution. Continue to write and
explain why your product is the solution to their problem. Tell them
exactly what your product will do for them -- why it will solve their
problems and how. Pack your copy with benefits and more benefits.
Write to persuade -- that's the bottom line.
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[3] Developing Your Marketing Strategies
Purchasing Advertising
• Participating in Forums
• Search Engines
• Etc.
Long term marketing strategies are those that bring you a steady
stream of targeted traffic over time. These strategies will
continue to produce results even years down the road.
• Opt-in Lists
• Blogging
• Social Networking Sites
• Social Bookmarking Sites
• Giving Away Freebies
• Article Marketing
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By creating and implementing a balanced marketing strategy,
using both short-term and long-term strategies, you will drive a
steady stream of targeted traffic to your web site.
If you use this simple formula when creating your
Internet marketing strategy and excel at all three, you can
literally
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2. Research Methodology
2.1Research objectives
To study how the satisfaction level at work affects the customer
decision of being with organization.
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2.2Research design
This project is done with the view of understanding the
workings of advertising at “Hikepar League” of pre-impact of
the advertisements on the targeted audiences.
The advertisement recall study method is adopted to
understand the effectiveness of the advertisement which
should be effective.
“A research design is the arrangement of conditions for
collection and analysis of data in a manner that aims to
combine relevance to the research purpose with economy in
procedure”
The study was conducted on the basis of list of respondents
who were targeted for vehicle brand. From that customer
preference were collected and were enable to cover almost all
the leading brands. This was the research design for the
project.
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2.3 Method of data collection
Primary Data:
PRIMARY DATA
By Survey:
This method implies the collection of information by asking or
filling survey form from students. The information obtained relates
to what is currently happening and is not complicated by either
the past behavior or future intentions or attitudes of respondents.
Sample Space:-
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3.Data analysis & Interpretation
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Ad preference to see
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4.Limitations of the study
There are several limitations with the study.
The sample size use is only from one college students to draw
out a concrete conclusion
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5.Benefits of Study
By studying this project each can have a deep knowledge about
what are major factors needs to consider when we start online
business.
The language used is easy to understand and deeply described
each and every concept.
A new era of marketing online is now easily understandable after
reading this project.
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6.Future Prospects
Various promotional strategies such as participating in the
exhibitions, contests, etc. can be adopted.
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7.Conclusion
From this Project I discussed, I can say that today’s era
pure Internet addicted world going to increase day by day, so by
catching this opportunity e-Marketing is very developing in all
nations gradually. It breaks down logistical barriers, offers greater
flexibility, shrinks time and cost, simplifies complex business
processes, opens up new markets
The most important aspect for me is marketing of the
business on internet; if this is carried out effectively no one can
stop you from earning maximum. The other thing is that we
reached to the customer expectation in regarding to the product
quality, service, price, and the main is to increase knowledge with
the help of online study material, so the clients of company are
going to increase, the marketing dept performing good role with
all the clients.
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8.Contribution & Learning from Project
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9.Bibliography
Websites
www.google.com
www.doubleclick.com
www.emarketing.com
2- Business world
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10. Annexure
Survey Questions
Note: This questionnaire is for the purpose of data collection for the college
project for summer training Project in M.B.A.
o Fully
o Better
o Moderate
o Little
o None
o Daily
o Weekly
o 15 days
o Monthly
o Entertainment
o Informative
o E-Mail / Social Networking sites / Chatting
o Soft wares
o Not Applicable
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(6) How much you use Internet for your study?
o Newspaper
o Radio
o TV
o Internet
o Text Ad
o Pop Up Ad
o Flash Ad
o Banner Ad
o Not Applicable
(9) Which one type of study material will you choose if you are given
both?
Thank You..!
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