E-Marketing and Its Strategies Digital
E-Marketing and Its Strategies Digital
ON
“E-MARKETING AND ITS STRATEGIES: DIGITAL
OPPORTUNITIES AND CHALLENGES”
MINI PROJECT SUBMITTED IN FULFILLMENT OF THE
REQUIREMENT FOR THE AWARD OF THE DEGREE OF
SUBMITTED BY
NAGARATHNA. K
Reg. No. P18AT21M0041
UNDER THE GUIDANCE OF
Dr. RIZWANA KHANUM
FACULTY OF MANAGEMENT, AIMS
Place: Bangalore
Principal
This is to certify that this Project entitled E-Marketing and its Strategies: Digital
Opportunities and Challenges Submitted by Nagarathna. K bearing Reg. No.
P18AT21M0041 is an original work of the student and is being submitted in partial
fulfilment of the requirement for the award of the degree of Master of Business
Administration of Bengaluru City University under the guidance of Dr. Rizwana
Khanum. This report has not submitted earlier either to this university/ institution for the
fulfilment of the requirement of a course of study.
Place: Bangalore
Name of the Student: Nagarathna. K
Registration Number: P18AT21M0041
Title of the Project: E-Marketing and its Strategies: Digital Opportunities and
Challenges
Name of the Guide: Dr. Rizwana Khanum
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I hereby declare that the Project Report entitled E-Marketing and its Strategies: Digital
Opportunities and Challenges has been prepared by me under the supervision and guidance
of Dr. Rizwana Khanum, during the year 2022-23 in a partial fulfillment of the university
regulations for the award of the degree of Master of Business Administration by Bengaluru
City University.
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diploma.
This Project has been a great learning experience in valuable source of knowledge and
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I like to thank the principal Dr. B.A. Anuradha, other faculty members and the institution
itself without whom this experience would have been a distant reality.
Here by, I express, my deepest thanks to HOD Prof. Deepak Singh M.C for his support and
guidance to carry on with the Mini Project.
I am also thankful to Bengaluru City University for making this Mini Project a part of our
curriculum. It has been a wonderful experience which has helped me gain knowledge and
practical exposure in the process of the Mini Project.
Last but not the least I present my heartfelt thanks to my family, Friends and well-wishers for
their help and support.
Nagarathna. K
ABSTRACT
E - Marketing is the process of marketing a brand using the Internet. It includes both
direct response marketing and indirect marketing elements and uses a range of technologies to
help connect businesses to their customers. E-marketing means using digital technologies to
help sell your goods or services. These technologies are a valuable complement to traditional
marketing methods whatever the size of your company or your business model. The basics of
marketing remain the same – creating a strategy to deliver the right messages to the right
people. What has changed is the number of options you have. Though businesses will continue
to make use of traditional marketing methods, such as advertising, direct mail and PR, e-
marketing adds a whole new element to the marketing mix. Many businesses are producing
great results with e-marketing and its flexible and cost-effective nature makes it particularly
suitable for small businesses. Very simply put, e - Marketing or electronic marketing refers to
the application of marketing principles and techniques via electronic media and more
specifically the Internet. The terms e -Marketing, Internet marketing and online marketing, are
frequently interchanged, and can often be considered synonymous.
CHAPTER 1 INTRODUCTION 01 - 15
INTRODUCTION
CHAPTER 1: INTRODUCTION
INTRODUCTION TO MARKETING:
Marketing is an ancient art and has, since the day of Adam and Eve, been practiced in
one form or the other. In the modern world, Marketing is everywhere; most of the task we do
and most of the things we handle are linked to marketing. Marketing is an activity. Marketing
activities and strategies result in making products available that satisfy customers while
making profits for the companies that offer those products. Your morning tea, your
newspaper, your breakfast, the dress you put on for the day, the vehicle you drive, the mobile
in your pocket, the quick lunch you have at the fast-food joint, the PC at your desk, your
internet connection, your e-mail ID almost everything that you use and everything that is
around you, has been touched by marketing. Marketing has its imprint on them all depending
on the product and the context/experience the imprint may be visible or subtle. But it is very
much there. Marketing permeates most of your daily activities. Marketing is an omnipresent
entity.
MEANING OF MARKET:
A Market is any such person, group or organization which has existing or potential
exchange relationship. It starts with customers and ends with customers. Creation of superior
customer value and delivering high levels of customer satisfaction are at the heart of present-
day marketing. Companies today, needs to understand customer needs, study completion,
develop and offer superior value at reasonable price, and make the product available to
customer at convenient place. Marketing deals with customers. It is delivery of customer
satisfaction at a profit. The twofold goal of marketing is to attract new customers by
promising superior value and to keep current customers by delivering satisfaction.
DEFINITION OF MARKET:
➢ Kotler defined market as “A set of all actual and potential buyers of a product.”
➢ Kohl’s and Uhl characterized market as “an arena, wherein all buyers and sellers
were highly sensitive to each other’s transactions, and where what one did affected
the other.”
➢ According to Cochrane “A market is some sphere or space, where certain physical
and institutional arrangements could be seen, and the forces of demand and supply are
at work to determine prices with a view of transferring the ownership of some
quantity of good or service.”
MEANING OF MARKETING:
Marketing refers to the various groups of activities that take place in a market. These
activities are either planned or spontaneous. For example, production, assembling,
distribution and storage could be planned, consumption is often spontaneous.
DEFINITION OF MARKETING:
Kotler says “Marketing is a societal process by which individuals and groups obtain
what they need and want through creating, offering, and freely exchanging products and
services of value with others.” Pyle’s view of marketing was That phase of business activity
through which human wants were satisfied by the exchange of goods or services for valuable
consideration usually money or its equivalent.
The important or core marketing concepts consist of needs, wants, and demands;
marketing offers (products, services, and experiences); value and satisfaction; exchanges,
transactions, and relationships; and markets. All these core marketing concepts are linked to
one another, with each concept building on the one before it.
➢ Needs:
The concept of human needs is the fundamental concept underlying all marketing
activities. Human needs are states of felt deprivation. They are biogenic in origin and include
physiological needs for food, clothing, warmth, shelter and safety.
➢ Wants:
Wants are the forms human needs take as they are shaped by culture and individual
personality characteristics. When an American needs food, he may want a McDonald burger,
or steak, French fries, and a Coke; whereas, if an Indian needs food, he may want a dosa,
chapattis or rice, and coffee or tea.
➢ Demand:
When human wants are backed by purchasing power and willingness to buy, they
become demands. Based on their needs, wants and buying capacity, consumers ask for or
demand products which they feel will give them maximum value and satisfaction.
MARKETING MANAGEMENT:
The production concept believes that consumers will favour products that are readily
available at reasonable prices. Improvement in production and distribution efficiency will be
the focus for managements under this concept. When the product’s cost is too high, the
management has to bring it down to affordable levels.
The product concept believes that consumers will favour products that offer the most
in quality, performance, and innovative features.
The selling concept believes that consumers will not buy enough of the company’s
products unless it undertakes pressure selling tactics and heavy promotion efforts.
The marketing concept believes that achieving the company’s objectives depends on
understanding the needs and wants of target markets and delivering the desired satisfaction in
a better way than what the competitors are doing.
Many companies are today moving beyond the marketing concept to the customer
concept. These companies shape separate offers, services, and messages to individual
customers, based on their individual preferences.
Production
Concept
Societal Product
Marketing Concept
Concept
MARKETING
ORIENTATIONS
OR CONCEPTS
Customer Selling
Concept Concept
Marketing
Concept
This concept believes that organizations should determine the needs, wants and
interests of target markets. It should then deliver superior value to the customers in a way that
maintains or improves the consumer’s and the society’s well-being.
➢ Customer Relationships:
In order to succeed in today’s highly competitive market, companies must be
customer centered, winning customers from competitors, then keeping and growing them by
delivering greater value.
➢ Market Segmentation:
Any market will consist of various types of customers, products and needs. The
marketer has to determine which market segments offer the best opportunity for achieving
company objectives.
➢ Target Marketing:
After defining the market segments, a company decides to enter one or many
segments in a given market. Target marketing is the process of evaluating each market
segment’s attractiveness and selecting one or more segments to enter.
➢ Market Positioning:
Once the decision on which market segments to enter is made, a company has to
decide what position it wants to occupy in those selected target segments. The position of a
product is the place occupied by it in the consumer’s mind relative to the competitor’s
products.
➢ Competitive Advantage:
In order to create competitive advantage and succeed, a company should perform a
better job than the competitors, of satisfying target consumers.
INTRODUCTION TO E-COMMERCE:
DEFINING E-COMMERCE:
The term was coined and first employed by Dr. Robert Jacobson, Principal Consultant
to the California State Assembly's Utilities & Commerce Committee, in the title and text of
California's Electronic Commerce Act, carried by the late Committee Chairwoman Gwen
Moore (D-L.A.) and enacted in 1984. E-commerce typically uses the web for at least a part of
a transaction's life cycle although it may also use other technologies such as e-mail. Typical
e-commerce transactions include the purchase of products (such as books from Amazon) or
services (such as music downloads in the form of digital distribution such as iTunes Store).
FORMS:
Contemporary electronic commerce can be classified into two categories. The first
category is business based on types of goods sold (involves everything from ordering
"digital" content for immediate online consumption, to ordering conventional goods and
services, to "meta" services to facilitate other types of electronic commerce). The second
category is based on the nature of the participant (B2B, B2C, C2B and C2C). On the
institutional level, big corporations and financial institutions use the internet to exchange
financial data to facilitate domestic and international business. Data integrity and security are
pressing issues for electronic commerce.
Digital marketing is the use of digital technologies and platforms to promote products
and services, as well as to connect with potential customers. It is an incredibly versatile and
powerful tool that can be used in various ways to reach people worldwide. Digital marketing
utilizes multiple digital technologies to deliver promotional messages, such as mobile phones,
computers, and other digital media and platforms. It can be used for B2B (Business to
Business) and B2C (Business to Consumer) marketing, depending on the goal and objectives
of the campaign. Digital marketing offers unique advantages such as greater reach, improved
targeting, personalized messaging, and better ROI (Return on Investment).
It also allows businesses to stay up-to-date with marketing trends and technologies.
With the right strategies and tactics, companies can leverage digital marketing to increase
their visibility and reach a larger audience. In a world where over 170 million people use
social media on a regular basis, every working professional is expected to be familiar with at
least the core tenets of Digital Marketing. In simple terms, Digital Marketing is the promotion
of products over the internet or any form of electronic media. According to the Digital
Marketing Institute, "Digital Marketing is the use of digital channels to promote or market
products and services to targeted consumers and businesses."
➢ Digital marketing’s promising future has attracted many Job seekers faster than any
field ever. Thus, many young aspirants have been looking for career options in digital
marketing.
➢ Like any other corporate job, Digital marketing jobs stood out in terms of the working
atmosphere. Ever since people get to know more about career options in digital
marketing, they understood the flexibility of the workplace.
➢ Many businesses, switching their traditional marketing to digital marketing due to
favorable reach. The business owners understood post-pandemic the importance of
digital marketing.
➢ Reaching out to international customers was the mere wish of many potential
businesses who want to grow internationally.
➢ Considering the opportunities and challenges of digital marketing in India, Many
startups grow potentially on the international market.
➢ It is the biggest online marketing challenge faced by Digital marketers in India.
➢ The Online marketing channels have been changing their algorithm and the way they
work. It has been daunting for many marketers to cope with these platforms
effectively.
➢ With the way digital marketing reaches a global audience and gets better results than
traditional marketing ever did, companies prioritize professionals with a Digital
Marketing background.
➢ In India, many businesses grant a small budget for digital marketing and expecting a
high ROI. That is inconsiderate for any marketer to give the desired results. It is
arduous to convince a small business to sanction a decent budget for digital
marketing.
➢ Digital marketing has erased the geographical boundaries of marketing. You can sit in
one corner of the world and market your products and services to people thousands of
miles away. Other than that, you can get a job in International countries.
INTRODUCTION TO E-MARKETING:
➢ For 50% India Marketers, e-Marketing revenue contribution is above 10%: 85%
of the Marketers are tracking revenues generated through e-Marketing activities for
their business. 50% of Respondents report that e-Marketing activities are contributing
more than 10% of share of their revenues.
➢ Integrated Campaigns increase Conversion Rates: 80% of India Marketers believe
that integrated campaigns (Email, Social and Mobile) can result in moderate to
significant increase in conversion rates.
➢ Maximum Customer Engagement is achieved through Social Media updates: For
achieving maximum customer engagement (46%) followed by email campaigns
(28%) Social Media updates were the top choice.
➢ Top Marketing Activities for 2016: As being planned for 2016 Social Media (66%)
tops the list of marketing activities. Email marketing is voted by 53% of India
Marketers.
➢ Online Budget for Email Marketing: India Consumers where 45%, respond
positively to email offers (which are 3x of US Consumer). For 2016, we see a jump of
almost 50% of India Marketers who will be increasing their investments by 31%-50%
in Email Channel.
➢ Influences of Social Media on Email Marketing: In 2016, India Marketers are
expecting a considerable impact of Social Media on Email Programs. The acceleration
in growth of subscribers is expected by 31% of marketers.
46% of the India Marketers stated that E-Marketing generates 30% or more of
revenue for them. This is a slight decline from last year, but 25% of the marketers reported
that e-Marketing contributed between 10-30% their revenue. The report has been revealed
post an active participation from 450+ Indian marketers from 400+ Brands. The report also
highlights the Email Marketing Trending Data, apart from the India e-Marketing Trends.
Listed below are major Email Marketing trending data that are useful for marketers; for a
complete data set download the report.
When entering an Internet marketing zone, a company should identify some important
issues such as different target customers, another way to contact customers, Internet security,
new competitors, etc. According to Chaffey et al. (2006, 20), to be successful in Internet
marketing, the main strategic approach is needed to manage the risks and deliver the
opportunities available from online channels. in a wide range of companies, based on their
experiences of strategy definition they suggest a process for development and implement
Internet marketing with different separated steps: Defining the online opportunity, selecting
of the strategic approach and delivery result online. The authors also affirmed that the key
strategic decisions including selecting target customer groups, specifying how to deliver
value to these groups, for E-marketing are the same as strategic decisions for traditional
marketing.
Segmentation, targeting, differentiation and positioning are all keys to effective digital
marketing. In the 21st century for most people running a company, Internet marketing
strategies are an indispensable part of the business plan. While small businesses such as local
shops may require some form of web marketing, any business that wants a broad customer
reach should research the potential of a solid Internet marketing strategy. As commerce
continues to go global, companies that lack an easy-to-find, accessible website – the
cornerstone of web marketing – it will be hard to reach customers that don‘t live in the same
town or have never heard of the company. Companies such as Thumbs up or Life style,
businesses that aren‘t household names of global visibility begins on the Web. Having a
sound Internet marketing strategy ensures the best chance of success.
OPPORTUNITIES OF E- MARKETING:
CHALLENGES OF E-MARKETING:
Since the boom of the Internet in the late 1990s, Web-based companies have been
starting up every day. What is more, new opportunities for growth emerge daily, expanding
the reach and capabilities of the cyberspace. However, for all its benefits and advantages, e-
marketing faces some problems that are unique to the industry. That is, Web-based
enterprises have a special set of challenges that traditional brick-and-mortar businesses do not
have. Some of the challenges faced by the businesses and the ways to overcome them are
presented below:
➢ Improving Brand Awareness: This is particularly a big challenge for companies that
primarily use the Internet to sell their products and services. This is because unlike
traditional advertising (such as television, radio, billboard, and print) in which the
campaign's message can be reinforced and repeatedly introduced to consumers at the
marketers' will, online adverts can be shut off by users—they are more averse to it,
too. Web companies are therefore challenged to be more innovative in their
advertising strategies.
RESEARCH
METHODOLOGY
BRIEF PROFILE
INTRODUCTION:
E-MARKETING EXAMPLES:
A good example would be a 360 degree campaign run by companies which include
direct and indirect marketing channels for putting across the message. e-Marketing is used in
form of newsletters, videos, podcasts and webinars which are directly positioned to the
potential customers. Along with that customers also get to know about the company and
products through social media connects, content marketing, thought leadership which are
indirect marketing channels. All these channels are completely online. These campaigns
might also have offline counterparts which also deliver the same message or may be the
entire campaign can be driven by e-marketing. Many companies are now using online
channels extensively for marketing their products.
E-MARKETING TECHNIQUES:
E-marketing techniques can be broken down to pull and push marketing. Pull
marketing is a passive technique by which online shoppers take the initiative requesting
specific information on the Web. Search engines, product/service advertising, e-coupons, and
e-samples are part of pull marketing. For example, e-marketers can register their e-commerce
sites, products, and services with search engines such as Google and or Yahoo, thereby
enabling online shoppers to search for product/service information using Google or Yahoo
and link to their sites.
E-marketing can offer more competitive prices than traditional marketing because e-
marketing reduces costs by not having to maintain physical store space and by strategically
placing distribution centers throughout the country. Second, because the Internet is available
24/7, e-marketing enables shoppers to search for product/service information and buy goods
at their convenience, not just when the store is open. Third, research indicates that the cost of
Internet-based promotion is one-fourth of traditional promotion, because it does not incur the
costs of paper, printing, handling, and mailing. Fourth, e-marketing enables buyers to
custom-build products such as shoes, clothes, computers, and automobiles on the Web,
options often not available in stores.
Failures and successes in e-marketing have shown that when marketing goods online
results in distribution, storing, or shipping and handling costs higher than the value of the
goods, an exclusively online enterprise may be headed for a short life. In addition, e-
marketers need to be aware of cultural pitfalls when designing e-commerce sites for foreign
markets. E-marketers must operate their businesses in compliance with numerous laws. For
example, e-marketers are responsible for protecting customers' privacy; without customers'
permission, they are not legally allowed to share or sell customers' information to a third
party.
TYPES OF E-MARKETING:
IMPORTANCE OF E-MARKETING:
In modern times where most of the work and transactions are happening through
online channels, it becomes every important for marketers to reach out to customers through
right channels. Smartphones, tablets, smart TVs, laptops are being used globally to run
businesses and buy and sell goods. E-marketing helps in reaching out to your audience on
these channels along with traditional offline channels as well. Sometimes for some offerings,
e-marketing is the only viable option. E-marketing is very transparent in terms of its
effectiveness as compared to offline marketing. One thing which makes e-marketing standout
is the ability to measure the impact in real time. Marketers can see the performance and
tweak the messaging accordingly which can be very effective when compared to offline
marketing. in the times of pandemic, online marketing becomes even more prominent when
the offline or traditional marketing channels cannot deliver the optimum return on value.
ADVANTAGES OF E-MARKETING:
➢ Easy monitoring through the web tracking capabilities help make e-marketing
highly efficient
➢ Using e-marketing, viral content can be made, which helps in viral marketing.
FEATURES OF E-MARKETING:
Big or small, many businesses are using e-marketing because of various features and
multiple advantages. Some of the important features are as follows;
➢ E-marketing is Cheaper than Traditional Marketing: If you compare its cost with
traditional marketing media such as newspaper ads and billboards, then it’s much
cheaper and efficient. You can reach a wide range of audience with very limited
resources.
➢ Tangible ROI: Small business owners can now check the turnover rate or ‘‘action
taken’’ with the help of Infusionsoft. It analyzes multiple things like views of videos,
number of emails opened, and per click on the link. Most importantly, it tells us how
much sales the business has been made as a result of e-marketing.
➢ 24/7/365 Approach: It works 24 hours a day, 7 days a week and 365 days of the year.
It doesn’t matter whether you’re homesick, sleeping, or attending a casual meetings;
but e-marketing is always hard at work.
➢ Eliminate Follow-up Failure: Elimination of follow-up-failure is the main secrete
behind the success of small business. It is done by entering your business figures into
the Infusionsoft, and then its automated marketing system will provide you the
custom-tailored information about your business, which areas to improve and what
product to discontinue.
DISADVANTAGES OF E-MARKETING:
➢ Privacy & Security Issues: Privacy and security issues are very high because your
data is accessible to everyone; therefore, one has to be very cautious about what goes
online.
➢ Higher Transparency & Price Competition: When privacy and security issues are
high, then you have to spend a lot to be transparent. Price competition also increases
with higher transparency.
In every era, marketing has evolved based on what the customer is using. If you go
back in history, you can see that at times when customers used Radio, it gave birth to radio
advertising and marketing. Next, we got the boom of televisions; it is one of the widely used
devices globally, which allowed the companies to reach a mass audience with TV ads. Even
today TV advertising is one of the most used advertising strategies for companies.
Since the boom of the Internet, more customers started using the Internet, which gave
birth to a new era of marketing originally called Internet marketing, which is now called
Digital Marketing. Digital is one of the fastest-moving topics. A few years ago, Artificial
Intelligence (AI) was a distant future, and now AI is the heart of global business and industry.
Through programmatic advertising, you can use AI to automate your ad buying, which helps
you narrow down your audiences. Conversational marketing arranges a quick one-to-one
connection between customers and digital marketers. By 2023, the number of active Indian
internet users will reach almost 666 million. Based on the report of Global Data, the Indian e-
commerce market is pushing to 7 trillion rupees by 2023 because of lockdowns.
According to a Goldman Sachs report; the digital marketing career scope in the Indian
market will be worth $160B by 2025, which is three times the current value. Digital
marketing is expected to create 20 lakhs jobs by 2020. The number of internet users is
expected to reach 800 million by 2021. Digital marketing is not going to slow down but
accelerate. By implementing effective strategies, best practices, adopting the latest
technologies, you can expand your business and gain a competitive edge. With Artificial
Intelligence, Programmatic advertisement, Chatbots, Personalization & conversational
marketing, Micro-moments, the digital industry move on every day. So, you have to update
yourself and your team if you want to succeed in this field.
DATA ANALYSIS
The Business Model Canvas is an excellent tool to create a business model and
present your ideas. It gives a clear picture of how you will make money and sustain your
business. The Business Model Canvas will challenge you by making you answer tough
questions about your business which would help you to be more prepared to start a business.
The Business Model Canvas should come before your business plan. Although some refer to
the Business Model Canvas as a one-page business plan, it should not replace your business
plan. The Business Model Canvas consists of nine essential parts: Customer Segments, Value
Proposition, Revenue Streams, Channels, Customer Relationships, Key Activities, Key
Resources, Key Partners, and Cost Structure. Let’s take a look at each section of the Business
Model Canvas.
➢ Customer Segments:
➢ Value Propositions:
Represents the bundle of products and services that create value for a specific
Customer Segment. The Value Proposition is the reason why customers turn to one company
over another. It solves a customer problem or satisfies a customer need. Each Value
Proposition consists of a selected bundle of products and/or services that caters to the
requirements of a specific Customer Segment. In this sense, the Value Proposition is an
aggregation, or bundle, of benefits that a company offers customers. Some Value
Propositions may be innovative and represent a new or disruptive offer.
➢ Channels:
Represents how a company communicates with and reaches its Customer Segments to
deliver a Value Proposition. Communication, distribution, and sales Channels comprise a
company's interface with customers. Channels are customer touch points that play an
important role in the customer experience. Channels serve several functions, including:
➢ Customer Relationships:
o Customer acquisition.
o Customer retention.
o Boosting sales (upselling).
➢ Key Resources:
Represents the most important assets required to make a business model work. Every
business model requires Key Resources. These resources allow an enterprise to create and
offer a Value Proposition, reach markets, maintain relationships with Customer Segments,
and earn revenues.
Different Key Resources are needed depending on the type of business model. A
microchip manufacturer requires capital-intensive production facilities, whereas a microchip
designer focuses more on human resources. Key resources can be physical, financial,
intellectual, or human. Key resources can be owned or leased by the company or acquired
from key partners.
➢ Key Activities:
Represents the most important things a company must do to make its business model
work. Every business model calls for a number of Key Activities. These are the most
important actions a company must take to operate successfully. Like Key Resources, they are
required to create and offer a Value Proposition, reach markets, maintain Customer
Relationships, and earn revenues.
And like Key Resources, Key Activities differ depending on business model type. For
software maker Microsoft, Key Activities include software development. For PC
manufacturer Dell, Key Activities include supply chain management. For consultancy
McKinsey, Key Activities include problem solving.
➢ Key Partnerships:
Represents the network of suppliers and partners that make the business model work.
Companies forge partnerships for many reasons, and partnerships are becoming a cornerstone
of many business models. Companies create alliances to optimize their business models,
reduce risk, or acquire resources. We can distinguish between four different types of
partnerships:
➢ Cost Structure:
Represents all costs incurred to operate a business model. This building block
describes the most important costs incurred while operating under a particular business
model. Creating and delivering value, maintaining Customer Relationships, and generating
revenue all incur costs. Such costs can be calculated relatively easily after defining Key
Resources, Key Activities, and Key Partnerships. Some business models, though, are more
cost-driven than others. So-called “no frills” airlines, for instance, have built business models
entirely around low Cost Structures.
➢ Revenue Streams:
Represents the cash a company generates from each Customer Segment (costs must
be subtracted from revenues to create earnings). If customers comprise the heart of a business
model, Revenue Streams are its arteries. Each Revenue Stream may have different pricing
mechanisms, such as fixed list prices, bargaining, auctioning, pricing mechanisms, such as
fixed list prices, bargaining, auctioning, market dependent, volume dependent, or yield
management. A business model can involve two different types of Revenue Streams:
DISCUSSION AND
CONCLUSION
LEARNING EXPERIENCES:
CONCLUSION:
The success of e-marketing requires successful strategic planning and the selection of
strategies suitable for marketing activity. Since e-marketing strategies com bine planning
and the use of communication technology, this complementary relationship can help
organizations monitor potential problems and threats, while providing them with
opportunities to achieve excellence and gain a strategic position in the market. This requires
the organization to plan its promotional mix by taking care of the most powerful elements of
the strategy and pro viding the basic requirements for the success of these strategies. E-
marketing is one of the modern concepts that has imposed itself in the transaction market, due
to the latter’s role in developing and achieving the goals of modern institutions. Indeed, it is a
business style per se with the distinction of achieving several goals at the same time
beginning with the achievement of the customer’s needs to attain profit for the product based
on various strategies suitable for the digital environment. This integration has greatly
contributed to facilitating and rationalizing the various practices and marketing work, making
it a necessity of the times. It also improved the mental image of the organization and
facilitated the methods of searching for customers, which helps the organization to gain a
strategic position capable of facing competition and imposing itself on the trade and business
market. E-marketing is based on several methods, the most important of which is marketing
through search devices or through advertising and e-mails as well as interactive advertising.
REFERENCE &
BIBLIOGRAPHY
REFERENCES:
BOOKS:
E-RESOURCES:
➢ https://www.slideshare.net
➢ https://www.researchgate.net
➢ www.wikipedia.com