Professional Documents
Culture Documents
Project Report of Mba
Project Report of Mba
Department of Management
Indore (M.P)
Name of student
Rahul chopde
MBA,IVsem (FT)
CERTIFICATION
I would like to take this opportunity to express my sincere gratitude to all those who guided
me in right direction to complete this project. I express my sincere gratitude to Prof. Ruchi
Jain, Director, Swami Vivekanand college of Engineering, Department Of Management,
Indore, for his encouragement throughout the course of this study. I would like to thank,
Indore for granting the permission to undertake the training in there esteemed organization. I
also express my sincere thanks to Prof. Ruchi Jain for constant guidance and assistance
throughout this study. I would like to thanks my respondents for sparing there precious time
to answer my questionnaire and giving me valuable information that I needed.
Name of student
Rahul Chopde
Chapter 1 Introduction
Online Marketing
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.
Chapter 1
INTRODUCTION
INTRODUCTION
Online marketing also known as digital marketing, web marketing, and internetmarketing
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 below:
Web Marketing:
Web marketing includes Web sites, Affiliated marketing Web sites, promotional or
informative Web sites, online advertising on search engines, and organic search engine
results via Search Engine Optimization (SEO). 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
Web Marketing
Social media marketing involves both advertising and marketing efforts via social networking
sites like Face book, Twitter, YouTube and Digg. This has come with a most useful source of
marketing as there are billions of people reach out these media and thus make possible to
reach the people anywhere in the world with , simple broadcasting of the product
advertisement takes no time to reach the consumers .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.
Social Media 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 ecommerce applies traditional marketing principles to a
multichannel, data-driven environment. Digital marketing for ecommerce 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 about an online
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-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.
Literature on online marketing:
Online services will drive marketing to the opposite end of the spectrum from “mass”
marketing to customized “one-to-one” marketing. Online marketers communicate instantly
and directly with the prospective customers and can provide instant fulfillment as well.
Marketers with carefully designed World Wide Web sites are already interacting computer to
computer, with prospective customers or an individual basis, much as ATM does in very
primitive fashion. Online one to one approaches while innovative and still glamorous in their
pioneering aspects, offer significant new challenges. The significant aspect is the access with
the customers. Communication and information technology development has encouraged the
emergence of new communication channels that have increased the options available to
organizations for building relationships with clients.
According to research conducted by Nielsen, we know that 92% of consumers report that
“word-of-mouth and recommendations from people [they] know” are the leading influence
on their purchase behavior. Only 37% trust search engine ads, and just 24% trust online
banner ads. They trust their friends and family the most when looking for brand
recommendations.
Foux (2006) suggests Social media is perceived by customers as a more trustworthy source
of information regarding products and services than communication generated by
organizations transmitted via the traditional elements of the promotion mix.
Johnson and Greco (2003) explain that desires and different hopes from different clients can
sometime require certain unique information and contact strategies. Communication channels
and strategies now differ broadly from the ones in former times or offline times.
Online marketing is today seen by many practitioners as the new arena for market
communication and on top of the list of users of the different mediums is Face book, Blogs,
Twitter, YouTube and LinkedIn (Steltzner, 2009).
Kaplan and Haenlein (2010) define social media as ―a group of Internet-based applications
that build on the ideological and technological foundations of Web 2.0, which facilitates the
creation and exchange of user-generated content. It consists of different Internet applications
such as blogs, social networking sites, content communities, collaborative projects, virtual
game worlds and social worlds. Russell S. Winer (2009) affirms that many companies today
are using some or all of the new media to develop targeted campaigns that reach specific
segments and engage their customers to a much greater extent than traditional media.
Mangold&Faulds (2009) argue that marketing managers should comprise social media in
the communication mix when developing and executing their Integrated Marketing
Communication strategies and they presented the social media as a new hybrid element of
promotion mix.
Forbes Magazine reports retail is down and e-commerce is up. One clear example of the
power of e-commerce comes from Macy’s recent returns. Forbes reports the 154-year-old
retail chain saw online sales rise 40% in 2015 while same-stores sales grew just 5.3%. Maybe
you’re not a billion-dollar business like Macy’s, but the numbers don’t lie. Online sales are
overtaking retail sales. Safe to say e-commerce is trending upward more and more each year.
It’s not too late to jump onboard the e-commerce train.
The internet has become a mass media vehicle for consumer sponsored communication. It
now represents the number one source of media for customers at work and the number two
source of media at home. Customers are turning away from the traditional sources of
advertising: radio, television, magazines, and newspapers. Customers also consistently
demand more control over their media consumption. They require on-demand and immediate
access to information at their own convenience. Customers are turning more frequently to
various types of social media to conduct their information searches and to make their
purchasing decisions.
Nowadays, the concept of Internet marketing has expanded
and brought more opportunities for companies to approach their customers. In the past, the
Internet was only used as a tool to contact customers, part of direct marketing. Nowadays, the
Internet, particularly websites has been becoming a popular media for any firms to introduce
their products and services. The Internet is considered as an independent and effective
marketing tool. During eight years, from 2008 to 2015, the number of Internet users has
increased by 4 times from about 361 millions to more than 1, 46 billion
(http://www.internetworldstats.com/stats.htm ), in which, Asia, the continent with the biggest
population accounts for 39.5% of World Internet Users. Thus reaching such huge population
in a quick time efficiently online marketing media and online shopping organization had
proved themselves as a major source. Integrated Marketing Communication strategies and
they presented the social media as a new hybrid element of promotion mix. The internet has
become a mass media vehicle for consumer sponsored communication. It now represents the
number one source of media for customers at work and the number two source of media at
home.. Thus reaching such huge population in a quick time efficiently online marketing
media and online shopping organization had proved themselves as a major source. Customers
are turning more frequently to various types of social media to conduct their information
searches and to make their purchasing decisions and the communication mix when
developing and executing their Integrated Marketing Communication strategies and they
presented the social media as a new hybrid element of promotion mix proved to effective way
to communicate with digital world.
CHAPTER 3
PROBLEM STATEMET
PROBLEM STATEMET
Problem Statement for small business owners
Small business owners should employ Internet marketing to compete successfully in a
business environment (Eida & El-Gohary, 2013). As of August 2011, 78% of U.S. adults and
95% of U.S. teenagers use the Internet (Zickuhr & Smith, 2012). Ninety-two percent of
adults use search engines to find information, 91% use e-mail, 71% use the Internet for
buying products, 64% use social networking sites, and 61% bank online (Zickuhr & Smith,
2012). Businesses that are choosing not to leverage Internet marketing risk losing
competitive advantage since some consumers search for information and make purchases
online. The general business problem is that small business owners often face challenges
with using Internet marketing to promote products or services. The specific business
problem is that some small business owners lack knowledge on how to develop and
implement an Internet marketing strategy
Like a beauty queen at a Miss America pageant, your company is constantly vying
for the judges’ attention – but in this case the judges are potential clients. For every
service you offer, chances are, there are thousands of companies that offer the
same in return. Why should a client choose company A, when they can go with
company B? Let’s face it, the internet is a hodgepodge of information and enterprise,
and every company wants to be the chosen one. If I am anything like the average
consumer, I perform a Google search for the service I need, glance at a website or
two and make a decision. Some people don’t even look a website. Instead they just
call the first business that pops up in the search results.
Business possibilities on the internet are endless and if you want to succeed, you
must learn the art of capturing a client’s interest. This can be as simple as knowing
your target audience inside and out and marketing towards them specifically. If you
own a company that is selling all things newborn, don’t waste your marketing efforts
advertising with antique collector websites. It may sound logical, but have you sat
down and pinpointed which sites are directly related to the services you provide?
Choose websites which will maximize exposure to your core audience. You must
make strategic decisions when it comes to internet marketing to always stay one
step ahead of your competition. In the case of baby novelties, try PPC marketing
campaigns on sites like thebump.com or babycentral.com. Once you have a clear
vision of who your client is, you can adjust your marketing efforts accordingly, and
are much more likely to attract valuable business.
Try this: Go to news.google.com and pick a story. It can be anything. For example, I
just picked “Apple” under the “Top Stories” section and instantly had access to the
same stories that were written seven hours ago, and were still being updated to as
recent as 13 minutes ago. Interesting, right? Now ask yourself this: How often does
your company update its marketing efforts? With the level of competition among
online businesses, chances are some company somewhere that is in direct
competition with you, has updated their marketing information within the past thirty
minutes. This is a fundamental challenge for companies who want to stay on top of
their game, but cannot dedicate 100% of their resources to constantly updating
information.
Try to dedicate one hour a week towards updating and re-assessing your internet
marketing goals. This ongoing dedication will ensure to all clients who visit your
website, that you are committed to providing them with accurate, up-to-date
information and that you are a competitor in today’s market. This can be as simple
as posting a new blog once a week, or updating your Twitter or Facebook status. By
being an active participant within the internet community, you will demonstrate that
you are well aware of all of the trends going on within your market, thereby, gaining
consumer confidence. A good content management system will help you to achieve
this goal.
CHAPTER 4
RATIONAL OF STUDY
Rationale of the study
Internet Marketing in its simplest terms refers to the marketing and selling of goods and
services using the Internet as the sales and distribution medium. The current project on
innovative marketing strategies aims to understand the concept of online marketing; study as
to how much online marketing has penetrated in the market place; gain insights about
functioning of online marketing; study the benefits of online marketing for the businesses as
well as the customers and explore the future prospects of online marketing.
The report concludes that internet has opened up new avenues for reaching the consumer. It is
true that there is never a fixed way or strategy that a marketer can use to market its products
and services on the internet but it is still very much an arena where creative thinking can take
the company reach new heights. Thus we can say that marketing has not changed its shape. It
is the same, unpredictable, unusual and creative field that needs constant change and open
inputs that can work wonders for the company,study the benefits of online marketing for the
businesses as well as the customers and explore the future prospects of online marketing.
Product on the Internet usually changes form online, and the user experiences it
electronically, in the form of text, images and multimedia. Physical goods are usually
presented in the form of a detailed online catalogue that the customer can browse through.
Technology allows the user to virtually touch and feel the product on the Internet - rotate it,
zoom in or zoom out and even visualize the product in different configurations and
combination. It will rather be on the uniqueness of the product. To be able to attract the
customers and retain them, the company will have to provide nouvelle and distinct products
that forces the net users to purchase and come back for more.
2. Price:
Price has been drastically changed over the Internet. It lets the buyer decides the price. Also it
gives the buyers information about multiple sellers selling the same product. It leads to best
possible deal for the buyers in terms of price. Pricing is dynamic over the Internet.Many
Internet marketing firms don’t provide Internet marketing pricing on their websites. At
Webpage, we believe our clients deserve a detailed listing of what our prices include. No
games. No hidden fees. Accurate pricing for our Internet marketing services based on years
of experience.Whether you’re looking for SEO, link building, or social media pricing, our
website offers Internet marketing pricing options in a range of plans to suit your specific
marketing approach. Internet marketing prices are intended to match your needs so that you
get what you pay for and maybe a little more.
3. Place:
Place revolves around setting up of a marketing channel to reach the customer. Internet
serves as a direct marketing channel that allows the producer to reach the customer directly.
The elimination of the intermediate channel allows the producer to pass the reduced
distribution cost to the customer in the form of discounts.
4. Promotion:
Promotion is extremely necessary to entice the customer to its website, as there are currently
more than one billion web pages. Promoting a website includes both online and offline
strategies. Online strategies include search engine optimization, banner ads, multiple points
of entry, viral marketing, strategic partnership and affiliate marketing. Presently, the
cyberspace is already cluttered with thousands of sites probably selling similar products. The
report concludes that internet has opened up new avenues for reaching the consumer. It is true
that there is never a fixed way or strategy that a marketer can use to market its products and
services on the internet but it is still very much an arena where creative thinking can take the
company reach new heights
5. Presentation:
The presentation of the online business needs to have an easy to use navigation. The look and
the feel of the web site should be based on corporate logos and standards. About 80% of the
people read only 20% of the web page. Therefore, the web page should not be cluttered with
a lot of information. Also, simple but powerful navigational aids on all web pages like search
engines make it easy for customer to find their way around.
6. Processes:
Customer supports needs to be integrated into the online web site. A sales service that will be
able to answer the questions of their customers fast and in a reliable manner is necessary. To
further enhance after sales service, customers must be able to find out about their order status
after the sale has been made.
7. Personalization:
Using the latest software it is possible to customize the entire web site for every single user,
without any additional costs. The mass customization allows the company to create web
pages products and services that suit the requirement of the user. A customized web page
does not only include the preferred layout of the customer but also a pre selection of goods
the customer may be interested in.
Companies can use the 7Ps model to set objectives, conduct a SWOT analysis and undertake
competitive analysis. It's a practical framework to evaluate an existing business and work
through appropriate approaches whilst evaluating the mix element as shown below and ask
yourself the following questions:
Place/Access: What new distribution options are there for customers to experience our
product, e.g. online, in-store, mobile etc.
Promotion: How can we add to or substitute the combination within paid, owned and
earned media channels?
The 7Ps helps companies to review and define key issues that affect the marketing of its
products and services and is often now referred to as the 7Ps framework for the digital
marketing mix.
An example of a company using the 7Ps strategy
Take a look at Hub Spot as an example, which was founded in 2006; Hub spot has 8,000+
customers in 56 countries and sells software. What does their marketing mix look like?
This is a top level overview; you would take this into greater detail and ask the following
questions:
1. Products/Services: Integrated toolset for SEO, blogging, social media, website, email and
lead intelligence tools.
4. Promotion: Directors speak at events, webinars, useful guides that are amplified by SEO
and effective with SEO. PPC Social media advertising, e.g. LinkedIn.
Everything has a position in your mind, that you give a level of value to and as a marketer it
is your job to develop that position through your execution of these P’s outlined above. Is
your brand high quality and luxury? then it’s priced high, is available only in exclusive areas
and that addresses all these elements and how you are going has exceptional customer
service. If your brand is about value, then its available everywhere, low prices and people
will not expect much after sales service.
If you are creating a marketing strategy you need to take these 7 P’s and put together a plan
that addresses all these elements and how you are going to execute the campaigns. Then with
this strategy in place you can go online and dominate whatever market that you want to.
If you think about Rolex, Versace suits or Rolls Royce, you instantly think of a super high
quality, luxury brand that people aspire to owning. And if I talk about EBay or Amazon, you
think of discounts, bargains and low prices
CHAPTER 5
Growth in potential
Reduced expenses
Elegant communications
Better control
Improved customer service
Competitive advantage
Research problem
Should companies integrate various marketing tools to communicate about its brand?
What are the reasons for growing popularity of online marketing among consumers?
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 survey design can be defined as: “gathering information about a large number of
The definition can be modified by stating that collecting information with other data
Surveys are conducted in case of descriptive research studies with the help of
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
It’s really interesting to talk with business owners about the reasons why they want to market
themselves online. 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 almost everyone will
tell you that they want to grow sales. Few will tell you specifically how they will achieve it,
what success looks like and what the metrics is that set the boundaries. Certainly, we are
biased that content is a tool for achieving success, but when you take a step back, it is
important to view the big picture so that you can plan and execute with intentionality.
1. Establish a Presence
2. Build Visibility
3. Generate Sales
4. Increase Revenue
5. Build A Brand
6. Improve Local SEO
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 MWDWeb 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.
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.
CHAPTER 7
RESEARCH DESIGN
SAMPLE DESIGN
A Sample Design is a definite plan for obtaining a sample from a given population. It
Refers to the technique to the procedure adopted in selecting items for the sampling designs
are as below:
Types of research study (pending)
SAMPLE SIZE:
The substantial portions of the target customer that are sampled to achieve reliable
result are 100.
Universe
Online Shoppersof India
SAMPLING METHOD:
Non-probability sampling method : Convience Sampling
SAMPLE TECHNIQUE:
Percentage analysis
Tabulation
Graphical
Average mean
CHAPTER 8
RESEARCH STUDY
TYPES OF RESEARCH STUDY
Market research can help you solve problems and reduce the risk of making
important business decisions. Discover the 8 types of market research you can
conduct to identify and solve any business challenges.
Brand Research
What it is
Brand research helps with creating and managing a company’s brand, or identity. A
company’s brand is the images, narratives, and characteristics people associate with
it.
When to use it
Brand research can be used at every stage in a business’s lifecycle, from creation to
new product launches and re-branding. There are at least seven types of brand
research:
• Brand advocacy. How many of your customers are willing to recommend your
brand?
• Brand awareness. Does your target market know who you are and consider you a
serious option?
• Brand loyalty. Are you retaining customers?
• Brand penetration. What is the proportion of your target market using your brand?
• Brand positioning. What is the best way to differentiate your brand from others in
the consumer’s mind and articulate it in a way that resonates?
• Brand value. How much are people willing to pay for an experience with your brand
over another?
How it’s done
A researcher will use several types of market research methods to assess your and
your competitors’ strengths and weaknesses. Generally, they will conduct competitor
research to get a picture of the overall marketplace. Focus groups and interviews
can be used to learn about their emotions and associations with certain brands.
Market research surveys are useful to determine features and benefits that
differentiate you from competitors. These are then translated into emotionally
compelling consumer language.
Campaign Effectiveness
“Half the money I spend on advertising is wasted; the trouble is, I don’t know which
half” — John Wanamaker
What it is
This type of market research is designed to evaluate whether your advertising
messages are reaching the right people and delivering the desired results.
Successful campaign effectiveness research can help you sell more and reduce
customer acquisition costs.
When to use it
If the folks at market research firm Yankelovich, Inc. are correct, people see up to
5,000 advertising messages each day. That means attention is a scarce resource, so
campaign effectiveness research should be used when you need to spend your
advertising dollars effectively.
How it’s done
Campaign effectiveness research depends on which stage of the campaign you use
it in (ideally, it’s all of them!). Quantitative research can be conducted to provide a
picture of how your target market views advertising and address weaknesses in the
advertising campaign.
Competitive Analysis
What it is
Competitive analysis allows you to assess your competitor’s strengths and
weaknesses in the marketplace, providing you with fuel to drive a competitive
advantage.
When to use it
No business exists in a vacuum—competitive analysis is an integral part of any
business and market plan. Whether you’re just getting started, moving into a new
market, or doing a health check of your business, a competitive analysis will be
invaluable.
How it’s done
A researcher will typically choose a few of your main competitors and analyze things
like their marketing strategy, customer perceptions, revenue or sales volume, and so
on.
Secondary sources such as articles, references, and advertising are excellent
sources of competitive information; however,primary research, such as mystery
shopping and focus groupscan offer valuable information on customer service and
current consumer opinions.
Consumer Insights
What it is
Consumer insights research does more than tell you about who your customers are
and what they do. It reveals why customers behave in certain ways and helps you
leverage that to meet your business goals.
When to use it
Knowing your customers deeply is integral to creating a strategic marketing plan.
This type of market research can help you anticipate consumer needs, spark
innovation, personalize your marketing, solve business challenges, and more.
Here are some of the characteristics you should understand through consumer
insights research:
• Purchase habits
What it is
Customer satisfaction research is a type of market research that measures
customers’ experiences with products or services, specifically looking at how those
meet, exceed, or fail to live up to their expectations.
When to use it
Customer satisfaction is a strong indicator of customer retention and overall
business performance. Successful customer satisfaction research should help you
understand what your customers like, dislike, and feel needs improvement. You can
use this type of market research to look at quality and design of products; speed and
timeliness of delivery; staff and service reliability, knowledge, friendliness; market
price; and value for money.
How it’s done
There are several ways to measure customer satisfaction, most commonly using
surveys. Net Promoter Score surveys can help you measure customer
loyalty. Customer Effort Scoringmeasures how satisfied people are with customer
service or problem resolution. CSAT is any survey that measures customer
satisfaction, typically measured using Likert Scale surveys. They can be conducted
at different points in the customer experience, allowing deeper insight into that
moment.
6
What it is
Customer segmentation studies aim to divide markets or customers into smaller
groups or personas with similar characteristics to enable targeted marketing. By
understanding how people in each category behave, you can understand how each
influences revenue.
When to use it
As soon as you’re ready to start giving customers individualized experiences. Not
every customer in your target market is the same. The more you understand each
specific persona, the easier it is to focus on delivering personalized marketing, build
loyal relations, price products effectively, and forecast how new products are
services will perform in each segment.
• Geography. Where people live, from cities and countries to whether they are city
dwellers or suburbanites.
A researcher will identify your current customers and collect data about them through
various market research methods, such as surveys, database research, website
analytics, interviews, and focus groups. The aim is to gather as much information as
possible.
7
Product Development
What it is
Market research for product development involves using customer knowledge to
inform the entire process of creating or improving a product, service, or app, and
bringing it to market.
When to use it
Innovation is hard work. A quick Google will tell you that 80 – 95% of new products
fail every year. Conducting market research for product and app development helps
minimize the risk of a new product or change going bust as it enters the market.
There are four stages where you can use market research:
• Conception. The moment you’re thinking about adding something new, market
research can find market opportunities and provide insights into customer challenges
or their jobs-to-be-done, so you can find a way to fill the gap.
• Formation. Once you have an idea, market researchers can help you turn it into a
concept that can be tested. You can learn more about strategizing pricing, testing
advertising and packaging, value proposition, and so on.
• Introduction. Market research can help you gauge attitudes towards the product
once it’s in the market and adapt your messaging as it rolls out.
• Keep making the product better or find opportunities to introduce it to new markets.
Usability Testing
What it is
Usability testing is concerned with understanding how customers use your products
in real time. It can involve physical products, like a new blender, or digital products
like a website or app.
When to use it
Usability testing is helpful when you need to detect problems or bugs in early
prototypes or beta versions before launching them. It typically costs far less to test a
product or service beforehand than to pull a flawed product off the shelves or lose
sales because of poor functionality.
• Eye tracking studies monitor where people’s eyes are drawn. Generally, they are
conducted on websites and apps, but can also be done in stores to analyze where
people look while shopping.
• Learnability studies quantify the learning curve over time to see which problems
people encounter after repeating the same task.
• Click tracking follows users’ activity on websites to evaluate the linking structure of
a website.
• Checklist testing involves giving users tasks to perform and recording or asking
them to review their experience.
Primary Data
Secondary data
COLLECTION TECHNIQUE:
Primary Data
Questionnaire method
Secondary Data
Books
Journal
Website
CHAPTER 10
Data Analysis
Tools Use For Data Analysis Of Online Marketing
With the increasing internet literacy, the prospect of online marketing is increasing in
India.Theconsumers indulging in online shopping consider many factors. If companies
analyze the factors affecting consumer behavior towards online shopping and the
relationships between these factors and the type of online buyers, then they can devise
effective marketing strategies to convert potential customers into active ones, while retaining
existing online customers. This project is a part of study, and focuses on factors which online
Indian buyers keep in mind while shopping online.
This research found that information, perceived usefulness, ease of use; perceived enjoyment
and security/privacy are the five dominant factors which influence consumer perceptions of
online purchasing. With the increasing internet literacy, the prospect of online marketing is
increasing in India. The consumers indulging in online shopping consider many factors. If
companies analyze the factors affecting consumer behavior towards online shopping and the
relationships between these factors and the type of online buyers, then they can devise
effective marketing strategies to convert potential customers into active ones, while retaining
existing online customers. This project is a part of study, and focuses on factors which online
Indian buyers keep in mind while shopping online.
This research found that information, perceived usefulness, ease of use; perceived enjoyment
and security/privacy are the five dominant factors which influence consumer perceptions of
online purchasing.
The two perspectives that seek application of its knowledge are micro and societal
Perspectives. The micro perspectives involve understanding consumer for the purpose of
helping afirm or organization to achieve its objectives. The people involved in this field try to
understand consumers in order to be more effective at their tasks. Whereas the societal or
macro perspective applies knowledge of consumers to aggregate- level faced by mass soar
society as a whole. The behavior of consumer has significant influence on the quality and
level of the standard of living.
Throughout the project we will see that how Kemrock Industries and Online Shopping Study
consumer behavior. How they approach in the new market, what are the problems faced by
them while accepting local culture and customs, how they compete with the local competitors
how they respond to the customers’ behavior towards their products and services. I have
developed a survey indicating online shopping behavior and acceptance among customers in
India.
Online Shopping In India:
It is a fact that a great online shopping revolution is expected in India in the coming
Years. There is a huge purchasing power of a youth population aged 18-40 in the urban
Area.
If we observe the growth of Internet Subscribers from the above graph, it is getting doubled
year by year. The usage of internet in India is only 4% of the total population. This is also
getting increased day by day as the costs of computers are decreasing and net penetr action is
increasing. The micro perspectives involve understanding consumer for the purpose of
helping firm or organization to achieve its objectives. The people involved in this field try to
understand consumers in order to be more effective at their tasks. The cost of internet usage
is also getting lower, with good competition among the providers. Wi-Fi &Wimax system has
also started in India. According to Miyazaki and Fernandez (2015), perceived risk affected
consumer online purchasing behavior negatively. They also found that Internet experience is
negatively related to the existence of concerns regarding the privacy and security of online
purchase and the perceived risks of conducting online purchases.
The behavior of consumer has significant influence on the quality and level of the standard of
living. Throughout the project we will see that how Kemrock Industries and Online Shopping
Study consumer behavior.
Factors That Boost Online Shopping in India:
Rapid growth of cybercafés across India access to Information the increase in number of
Computer users reach to net services through broadband middle-class population with
Spending power is growing. There are about 200 million of middle- class population good
spending powers. These people have very little time to spend for shopping. Many of them
have started to depend on internet to satisfy their shopping desires.
- Perceived Risk
- Price
Analysis Objective
Research design specifies the methods and procedures for conducting a particular study.The
main purpose of such study is that of formulating a problem for more precise investigation or
of developing a working hypothesis from an operational point of view. A research design is
the arrangement of conditions for collection and analysis of thedata in a manner that aims to
combine relevance to the research purpose with economy in procedure. Research design is
broadly classified into three types as
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.
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
Interpretation
According to survey 27 respondents make payment through Credit cards, 10 Debit cards, 8
Online Bank transfer and 55 online cash payment out of 100.
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
Average Score of respondent = 350/100 =3.50(same as early calculate)
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
Interpretation
BumAccording to this score, it can be interpreted that convenience in online shopping is an
importantfactor.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.
CONCLUSION
CONCLUSION
The most preferred product of online buying is travelling tickets and clothing remains
the least preferred choice of online shoppers.
Among the payment options, Payment on delivery through cash in the safest choice of
payment, while credit card are next preferred choice, online bank transfer is least
preference choice.
Online shoppers seek for clear information about product and service, timesaving,
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.
Transactions should be safe and proper security should be assured to the people
making online purchases.
E-marketers must give a thought to secure, time saving, information about product
and services factors when they design there online product strategy.
The study highlights that convenience, accessibility, scope, attraction, reliability,
experience and clarity are the important factors considered by the online shopper.
Banking should promote Debit card, Credit card facility in online shopping.
CHAPTER 14
Display advertising:
Display advertising conveys its advertising message visually using text, logos, animations,
videos, photographs, or other graphics. Display advertisers frequently target users with
particular traits to increase the ads' effect.
Web banner advertising:
Web banners or banner ads typically are graphical ads displayed within a web page. Banner
ads can use rich media to incorporate video, audio, animations, buttons, forms, or other
interactive elements using Java applets, HTML5, Adobe Flash, and other programs.Search
Engine Optimization, or SEO, attempts to improve a website's organic search rankings in
SERPs by increasing the website content's relevance to search terms. Search engines
regularly update their algorithms to penalize poor quality sites that try to game their rankings,
making optimization a moving target for advertisers. Many vendors offer SEO services.
Floating ad:
A floating ad, or overlay ad, is a type of rich media advertisement that appears superimposed
over the requested website's content. Floating ads may disappear or become less obtrusive
after a preset time period.
Expanding ad:
An expanding ad is a rich media frame ad that changes dimensions upon a predefined
condition, such as a preset amount of time a visitor spends on a webpage, the user's click on
the ad, or the user's mouse movement over the ad Expanding ads allows advertisers to fit
more information into a restricted ad space. The study was conducted by the means of
personal interview with respondents and the information given by they were directly recorded
on questionnaire. For the purpose of analyzing the data it is necessary to collect the vital
information
Interstitial ad:
An interstitial ad displays before a user can access requested content, sometimes while the
user is waiting for the content to load. Interstitial ads are a form of interruption marketing.
Text ads:
A text ad displays text-based hyperlinks. Text-based ads may display separately from a web
page's primary content, or they can be embedded by hyper linking individual words or
phrases to advertiser's websites. Text ads may also be delivered through email marketing or
text message marketing. or the user's mouse movement over the ad Expanding ads allow
advertisers to fit more information into a restricted ad space.
Sponsored search:
Sponsored search (also called sponsored links or search ads) allows advertisers to be included
in the sponsored results of a search for selected keywords. Search ads are often sold via real-
time auctions, where advertisers bid on keywords. 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.
Mobile Advertising:
Mobile advertising is ad copy delivered through wireless mobile devices such as smart
phones, feature phones, or tablet computers. Mobile advertising may take the form of static or
rich media display ads, SMS (Short Message Service) or MMS (Multimedia Messaging
Service) ads, mobile search ads, advertising within mobile websites, or ads within mobile
applications or games (such as interstitial ads, “averaging,” or application sponsorship).
Search Engine Optimization, or SEO, attempts to improve a website's organic search
rankings in SERPs by increasing the website content's relevance to search terms. Search
engines regularly update their algorithms to penalize poor quality sites that try to game their
rankings, making optimization a moving target for advertisers. Many vendors offer SEO
services.
Email Advertising:
Email advertising is ad copy comprising an entire email or a portion of an email message.
Email marketing may be unsolicited, in which case the sender may give the recipient an
option to opt-out of future emails, or it may be sent with the recipient's prior consent (opt-in).
Internet is the only medium that is able to cross geographic and national boundaries.
The cost of promoting your business on the Internet is cheaper than other mediums of
marketing. This makes it easy for small and mid-sized businesses to advertise their
products.
Internet allows the ability to stay connected with customers on a real-time basis. If
any discount going on, then it is easier to send an email to customers and they can buy
the product instantly. Internet also allows to send multiple messages at the same time,
which saves the tedious task of sending a newsletter to every client.
Internet marketing facilitates an instant feedback from the customers. Customers can
share about their experience after using the product.
Internet marketing saves a lot of time and effort. Instead of having a customer service
representative to answer the queries of customers, one can put all the information
about the product or service on the Internet so that customers can go through it. The
most common way of doing it is to have a section dedicated to frequently asked
questions (FAQs) about the product so that customers get all the required information
about the product or the service.
Internet marketing allows your business to be available 24/7, which means increased
sales and profits.
Data Collection:
Data collection means to a purposive gathering of information relevant to the subject matter
of the study from the units under research. Primary data are empirical observations gathered
by the researcher or his associates for the first time for any research and used by them in
statistical analysis. There are several methods of collecting primary data particularly in
descriptive researches.
Telephone enquiries
Postal/mail questionnaire
Personal interviewing
Panel research
Telephonic inquiries and mailing questionnaires are the best’s method for gathering quickly
needed information at the cheapest way.
Secondary Data:
Secondary Data is the data collected by others in the past and used by others. It may be
either being published or unpublished data. It includes the following:
1. Various publications of central, state and local governments.
2. Various publications of foreign governments or international bodies.
3. Technical and trade journals
4. Books, magazines, and new paper.
5. Reports prepared by research scholars, university economists etc.
AlibabaGroup:
Alibaba Group Holding Limited is a Chinese e-commerce company that provides consumer-
to-consumer, business-to-consumer and business-to-business sales services via web portals. It
also provides electronic payment services, a shopping search engine and data-centric cloud
computing services.
Alibaba has been the most dominant retailer in the world, generating more gross merchandise
volume (GMV) than Amazon.com and eBay combined. Its online sales & profits surpassed
all US retailers (including Wal-Mart, Amazon and eBay) combined in 2015.[9] It has been
expanding into media and entertainment industry, with revenues rising 3-digit percents year
on year.
Alibaba
Global Online Retail Portal
Ebay
Many of the surveyed people did not reply all the questions.
The sample size was very small which is may not represent the entire population
of Indian women.
Many of the people did not even know the working of a computer
CHAPTER 16
REFFERENCE
REFFERENCE
A) BIBLIOGRAPHY:
7th edition
B) WEBLIOGRAPHY
www.wikipedia.com
www.techopedia.com,
www.webopedia.com
www.flipkart .com
www.facebook.com
www.snapdeal.com
www.naaptol.com
www.limeroad.com
CHAPTER 17
APPENDIX
APPENDIX
RESEARCH QUESTIONNAIRE
Respondent’s details
Name: ______________________________________(optional)