CHAPTER 1-2 (Modupe Comfort Oluyeba)
CHAPTER 1-2 (Modupe Comfort Oluyeba)
INTRODUCTION
competitive environment, it must be proactive and dynamic. It must also take into
cognizance the nature of the target market, which is the end point of marketing. It is also
necessary for strategists and managers to focus and concentrate on the consumers’s
relationship marketing. Over the years, a major shift has occurred in the ways
organisations and institutions relate to and deal with their customers. This change came
various networks or sets of strategic alliances. (Morgan and Hunt, 1994) The need to
create and maintain favourable and friendly relationships with customers has made it
necessary for organisations to not only focus on profit maximisation but also on creating
mutual and long-lasting relationships with their customers. For an organisation to be able
to create and maintain friendly relationships with its target market, there is a need for a
cordial relationship between the two parties. This has placed more emphasis on
relationships than transactional marketing. The focus of marketing has moved from
managing transactions to managing relationships (Christopher et al., 1991; Webster,
(Narver and Slater, 1994; Gale, 1994; Naumann, 1995; Ibojo and Asabi, 2015; Ibojo,
2014).
Marketing is a concept that identifies, defines, measures, and produces goods and
services to satisfy the needs and wants of a target market (Kotler, 1993). Having
identified and produced goods and services for the satisfaction of customers’ needs, there
The major aim of marketing is to know and understand the customers well, identify their
needs, and create or design a product or service that fits them well. Having identified a
customer who is willing and able to buy, making the product available is not all that is
needed to achieve the stated objectives, but also a clear understanding of the relationship
marketing between the two parties. The inclusion and application of relationship
favorable relationships between the organization or institution and the target market but
also in satisfying the needs of the customers to a greater extent. Thus, relationship
marketing becomes a vital and significant driving force for creating sustainable and
Technology (I.T) firms in Nigeria. Its services over the years have accorded it wide
Industry. The company’s commitment to first-class customer service has made it one of
the most trusted and respected computer sales and IT support service providers in
Nigeria. The services include a cell phone store, sales and supply of laptops, desktop
computers, and computer accessories; sales of Apple products, iPhones, and MacBooks;
sales and supply of mobile smart phones; solar and CCTV sales and installation; software
Having raised the issues involved in the statement of the problem, The objective of this
satisfaction.
actualization.
iii. To identify if they achieved their set goals through relationship marketing.
organizational profitability.
v. To examine the factors military against the application of relationship
marketing.
However, from the objectives of the study. The following pertinent researcher questions
are formulated.
3. Does the organization achieve their set goal through relationship marketing?
profitability.
The following hypothesis was formed for testing based on the research problem and
profitability.
profitability.
In order to achieve a precise study, this work will concern itself with investigating the
relationship between marketing and customer satisfaction and profitability in Femtech IT,
Offa, during this period of unstable economic conditions in Nigeria. This work limits
itself to the study of Femtech IT, Offa. The work will deliberately select a population in
Offa City
In this study section, some important term used will be defined in order to achieve a
which companies, deliver solutions to customers’ needs and desires in relation for
payment.
creating, maintaining and enhancing strong, value, laden relationships with customer and
stakeholders.
CUSTOMER: This can be perceived as a person or company that buys goods regularly.
Marketing Dictionary.
IMPACT: This is the powerful effect that practice of relationship marketing has on the
LITERATURE REVIEW
marketing, which is Holistic marketing. It holds the fact that “everything matters with
marketing and that a broad, integrated perspective is often necessary, Increasing a key
organization that could directly attract the success of the firms marketing activities.
Relationship marketing has the aim of building mutually satisfying long Item relationship
with key parties, customers, suppliers, distributors and other marketing partners in order
to earn and retain their business. It builds strong economic, technical and social ties
commerce itself and that tends to often practices albeit unknowingly, within small to
medium sized business. The concept of relationship marketing illustrated with the
example of a small shopkeeper, who would know most customers by name, through
regular contact. He or she would therefore talk to customers frequently, know about their
likes and dislikes, and aware of special requirements particular customers may have such
as for cream on Friday, for example. This direct knowledge enables shopkeeper to order
stock, plan services and value on the basis of know customers requirements.
Moreover, customers are important they have the ultimate choice when it comes to
buying products and services and their requirements must be satisfied. Customers are
“Kings”, they determine the existence of the marketers. When this is forgotten, one will
lose his or her customers base. Customers needs are prime importance both to themselves
and to the prospective suppliers if they have a training problem they will seek help from
the providers of the financial services concerned. They will look for a speedy and
effective response. If they do not get the kind quality and services, they are entitled to,
they will vote with their feet and will not return and do not expect any recommendations.
But when customers receive a courteous, efficient and effective financial service, they
come back for more and recommend your products and services to contact.
In the financial sector especially banks, the concept of customers relations arises
from indirect financing with intermediaries accumulating surplus funds from surplus
spending units and intending to lend them out to deficit spending units. This legally
beneficial relationship with them where appropriate. The aim of relationship marketing is
services into a loyal customers and the focus is as much on relating existing customers as
Marketing refers to the activities a company undertakes to promote the buying or selling
of its products or services. Marketing includes advertising and allows businesses to sell
get the attention of key potential audiences through advertising. Promotions are targeted
to certain audiences and may involve celebrity endorsements, catchy phrases or slogans,
Different types of marketing and marketing strategies work better than others, depending
on the product or service being marketed and the audience that’s being targeted.
According to (Julie D, 2013)“meet the customer where they are at” in terms of the type of
marketing and strategy you implement, as well as understanding when they need the
Wallace agreed, adding that the most effective marketing strategies result in creating
customer value, building profitable customer relationships and staying current with
market preferences and trends. And in many cases, the type of marketing that works best
awareness, educates the audience, builds trust and can be optimized for search engines.”
In the current age of digital marketing, Wallace said, some of the most successful types
of marketing involve:
Blogs
Info-graphics
Podcasts
Social Media
Videos
“Therefore, social media advertising could be argued as one of the most popular forms of
marketing,” Wallace said. “Because people trust the recommendation of friends, family
Burford, who runs her own marketing consulting business, said this explains why most
companies have implemented some level of social media strategy into their marketing
efforts.
“It would depend on what the product/service is that is being marketed and who the target
market is," Burford said. "However, most companies use some form of social media for
marketing.”
Other key aspects to ensuring an effective marketing strategy, Rogers said, are outlining
clear goals and objectives with the campaign and understanding the needs of your
audience.
Blog Marketing is a content marketing strategy. The marketing strategy uses blogs to
address potential customers directly and individually, thus achieving customer loyalty for
their own brand. This type of marketing uses viral marketing methods in which an
interest group is built based on a blog. Readers can interact with the producers of content
that is generally informative and entertaining, therefore increasing brand loyalty and
identification potential. Shop bloggers for instance work on behalf of specific companies
2.2.3 Info-Graphic
little clunky, it’s an effective summary. Instead of writing paragraphs of text interspersed
with the occasional image, infographics compress info into a highly readable form
usually with a combo of text, images, iconic, and diagrams. The resulting item is an
image file (usually a JPEG or PNG) that you can then insert into your marketing media,
social media posts, and web content.Building from this, we can now understand the
your business/products/services.
This type of visual content is incredibly effective when integrated into a content
visual alternative to long-form blog posts or web pages, infographics are ideal for
audiences looking for quick takeaways.They serve as a focal point that immediately grabs
user attention while their compact and compressed format means you can easily convey
The strength of infographics is their ability to turn a complex topic into something
simpler, while still retaining its meaning and impact. These creative pieces offer multiple
benefits aside from their visual appeal including sharability, SEO, and increased brand
awareness.
The picture superiority effect states that images are easier to remember than words
which are why infographics are so useful. By combining text and images in a
Infographics by nature are easier to share – you can post one on Facebook and
people can read it in less than a minute, compared to a video or blog article which
is more time-consuming. It’s also easy to add social sharing buttons to your
This goes one step further than sharing a web page or blog article though as
stands out far more than a simple URL and thus can garner more exposure.
infographic), adding primary and secondary keywords, and including alt tags.
They provide another form of content marketing that complements your web
pages, blogs, and social media posts, thus boosting the strength of your overall
SEO effectiveness.
High-quality infographics are naturally more shareable and you can capitalize on
this by including your branding such as color schemes, logos, and taglines, thus
boosting brand awareness. The more your infographics are shared, the more your
useful, you will raise your brand authority within your industry. Consumers will
notice the quality of your infographics and see that you are a trusted voice who
infographics, you start to stand out as a voice of authority too – someone they can
Infographics can be used to repurpose existing content. For example, perhaps you
have a blog article about one of your products. You could create a shareable
Podcast marketing is a strategy that implies promoting and selling your product or
service through audio content. It helps reach new audiences, tell the brand’s story,
Creating a podcast is only the first step. To attain success, you need to promote it
using the appropriate strategies. We’ve prepared the most effective to engage the
audience.
i. Develop a podcast landing page. Create a separate podcast landing page for the
episodes of your podcast. Besides, the page should contain a clear headline that
communicates the usefulness of your product. Describe your podcast and the
benefits people will receive after listening to it. Provide a summary and highlight
the podcast's key points to improve your pages' rankings, accessibility, and
internal linking. Use automated podcast notes generator tools to create a summary
without breaking a sweat. Also, make sure that the page includes working links to
all published episodes. The process of creating a landing page with SendPulse is
very simple and will take you around 15 to 20 minutes. You’ll easily design an
amazing landing page for your podcast with the help of our drag and drop builder.
ii. Record multiple episodes. If you are just starting your podcast, it’s essential to
provide listeners with more than one episode. A relevant and engaging podcast
will always encourage people to listen to several episodes one by one. To avoid
frustration among your listeners and negative comments, get ready with 3 to 5
iii. Work on an influencer marketing strategy. You can always ask opinion leaders
for help. They are professionals in their field who managed to obtain the trust and
love of people. Influencers have a high level of expertise in a certain field and can
recommend credible companies. You need to find experts related to your podcast
iv. Make use of podcatchers.Podcatchers are apps that play different podcasts,
which results in better awareness of your company and podcast. You can find
many apps that introduce new podcasts to the audience. Your podcast can be the
next. iOS, Castro, Podcast Addict, and the Podcast Republic are on the list of the
most popular ones. So if you need some extra exposure and promotion, leverage
these apps.
v. Think of paid ads. To drive traffic to your podcast website, you need paid ads.
You can place them on social media or in paid search results. People searching for
similar information will encounter the ad and discover your podcast. Paid ads
Electronic word of mouth is the first strategies that social media had an influence
Walker, 2011). The most powerful and influential form of advertising is passing the
information from one personto another. Information about goods often propagates by
withan interest in a product category interact for information such as purchase advice,
to affiliate with other likemindedindividuals, or to participate in complaint or
compliment interactions (Brown, Broderick & Lee, 2007). eWOM isimportant for
Companies also can provides tools content and information to niche communities that
share interest about a product or brand. It is necessary for marketers to create a strong
emotional connection between a brand and its users because individuals use social
network to let others know about things which they connect emotionally (Heckadon,
2010). The impact of online consumers reviews can reach far beyond the local
community since any consumer all over the world can access a consumer review
through social network (Chen &Xie, 2008).Consumers have become much more
active in influencing and altering the nature of conversation around brands and
products (Moe &Schweidel, 2011). The people who are more likely to engage in
eWOM are those who described themselves as loyal customers. Besides that,
individual with extreme opinion, both positive and negative, will be more likely to
post an online opinion than those with more moderate opinions (Moe &Schweidel,
2011). Firms can take the opportunity to learn about its environment by directly
(Godes&Mayzlin, 2004).
As the social networking applications become more widespread, eWOM show signs
of becoming more important in the future. Viral messages can reach and potentially
influence many receivers, and are usually perceived by consumers to be more reliable
and credible than firm- initiated one, since the senders of viral are mostly independent
customers to feel they just happened to hear about the product or service rather than to
feel directly marketed to. Marketers target members of social sites who share
information with other members and friends to get eWOM. Their involvement in
these social sites allows marketer tospread more the viral content because they
consumers who share common interests and preferences through online social
networks. Many consumer turn to their friends for opinion through social network in
purchasing a products or services because they are better resources than companies
processes and people that want and seek to understand a firm’s customers and it focus
building and dual creation of value between firm and its customers, to create win-win
employees in a firm are managers of customer relationship, whether you are the
receptionist who answers the phone or customer service operator, and everyone in the
CRM focuses on the integration of customer information, knowledge for finding and
keeping customer to grow customerlifetime value and it also has an important role to
Besides that, organizations should know the reasons of leaving customers and finding
the ways of keeping them (Ramakrishnan, 2005). With billions of people having
access to a variety of social media, the ability of the word to share and connect is
infinite and from a business point of view, companies are now allowed to create a
customer experience never before done in the past. Traditional CRM was born in the
early 1990’s and customer behavior is in a very different phase today (Rich, 2010).
According to Vissing (2011) CRM is one of the most fundamental elements in any
IBM research, there is a large perception gap between what the customers seek via
social media and what companies offer” (Baird &Parasnis, 2011).It is important to
master online communication in order to know the people that can influence a
particular market. Retailers today are working in a challenging era but they are now
able to get closer to their customers and engage with them with a timely and relevant
manner (Green & Starkey, 2011). Together with CRM, social media can achieve a
higher financial benefits to companies and it does not matter which sector they are in
(Green & Starkey, 2011). What does this change mean for CRM and how this social
media phenomenon change the way firms interact with their customers? To engage
with customer by using social media will definitely fail if conventional CRM
approaches remains the same (Baird &Parasnis, 2011). CRM has slowly moved to
holistic approach that combines social media with more aspects in businesses
often called CRM 2.0 and it grew because of the empowerment of customers that each
customer has the experiences, tools and products with the company that satisfy their
personal desire (Mosadegh&Behboudi, 2011). Social CRM had pulled the world of
customer relationship management into sticking with social media and it results in a
very unique and interesting way of working (“How do you think,” 2012). Social CRM
is about joining ongoing conversations customers and prospects that are already
engaged in while trying not to control them and it is also about understanding where
and what kind of people you want to do businesss by hanging out on the Internet
interactions between buyer and seller can now be effortlessly stored in a CRM
database system for the benefit of the marketer and retailers (Nguyen &Mutum,
2012). This interactive era has not only increased collaboration between firm and
customer but coupled with continuing technological advances, a marketer has now the
offerings to suit individual customer needs and desires (Nguyen &Mutum, 2012).
Kaftalovich (2010) claims that social media allows company to go into their
customer’s social network and enable them to connect with the customers in an
informal way. She also mention that social media is its own lead generation machine
and at Luxor CRM, they found that Twitter is extremely effective because they can
gather customer’s curiosity, opinions and interest in the products as well as gathering
about the audience’s preferences and buying behavior. According to Green and
Starkey (2011) SCRM can deliver insight, which will help drive real customer centric
engagement applied to social media. Such thinking actually misses the crucial main
point that social media is about people interacting with each other (Ang, 2011). To
develop a good social media strategy, it is important to realize that technologies are
now allowing people to quickly connect, converse, create and collaborate with each
RESEARCH METHODOLOGY
3.1 INTRODUCTION
The study adopted a survey and descriptive research design. A literature review was also
conducted with the intent to gather secondary data. The validity and reliability of the
administered and 90 were completed and returned in usable form, representing 69.2%
return. The data collected provided sufficient coverage to the investigation. The objective
of this chapter is to clearly and consciously describe the manner in which the research
effort in the collection and analysis of data generated on the study. Chapter three deals
with the overall frame work of the project, it tells the various method used by the
researcher in the process of collecting data of the project, the researcher design or method
source of data, method of data collection, population study and sample size determination
The research design to find out impact of relationship marketing impact of relationship
marketing as a tool for customer satisfaction and profitability, research design is all about
research study survey of design was used by the research, because it is very important
and useful, it provides grass root information gathered from the people affected. It is used
because; it is less expensive when compared with other design and at the same time
The source of data used for the internal/data gathered from within and external data
gathered from outside organizations which are the primary and secondary data.
In caring out this research work, data were generated basically from the oral interview,
respondent feeling.
These were collected from journal, magazines, textbooks, internal records of the
organization under study and published works of various authors who have carried out
The methods of data used are oral interview questionnaire and observation methods.
A. ORAL INTERVIEW: The research used face to face method of the oral interviews
wad given to the employees of the organization in order to obtain relevant information.
B. QUESTIONNAIRE: This was designed in a way it will be reliable and relevant to the
information used for the study. The questionnaire comprise mostly structure close ended
questions opened ended question. the questionnaire is made up of two section namely
section A and b
SECTION B: It was designed to find out necessary information and in solving the
C. OBSERVATION: In order to get a complete set of data for this study the researcher
3.5.1 Population consist of all the staffs that is the employees, employers and entire
to draw the sample size from the population, the draw the sample size from the
population, the staff serial number as contained in the normal roll was written on paper
and roll in the paper balls, the researcher mixed them in a separate basket from where
they draw the sample respondents of the study this method was applied to all the effective
communication.
3.7.1 The validity of this project was validated with scope coverage and accurate
information obtained during the inquiring, also the instrument used in this work was
validated by supervisor Mr. Wisdom, who critically examined the items in the
questionnaire and recommendations were made before the questionnaire were distributed
to the respondent.
To establish the reliability of the instrument, a test retest method was used. The
instruments were administered on the respondents and their responses were noted. After
about 2 weeks the same instrument was administered to the same people and scores
corrected with the original, the re-test technique was used test the reliability of the result
was adapted to analysis the data collected responses to each question in the questionnaire
The statistical analysis method used to test the hypothesis in the study is chi- square test
frequencies and expected frequencies. The observed frequencies are denoted by O. While
the expected frequencies are denoted by Ti. The chi-square test model is given as
X 2 = ∑ n (oi – ei) 2
1=1 ei
Where X 2 = Chi-square
oi = Observed frequencies
ei = Expected frequencies
Expected frequency = CT x RT
C–T
GT = Grand total
C = Number of columns
I = constant
DECISION RULE: If the calculated value of X 2 is greater than critical value, we reject
the null hypothesis (Ho) and accept the alternative hypothesis (Hi) but if the calculated
value of X 2 is less than the table value (Critical value) we accept the null hypothesis