Internet Marketing
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- Category: Science
- Date Submitted: 06/12/2011 04:50 AM
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The Impact of The Internet on Business and Marketing
We had a look at how the internet has helped businesses to expand their marketing power and reach a wider customer base .The internet has had a massive impact on the business sector. Not only has it opened up a whole new sector of the e-business industry, it has boosted sales, advertising, promotion, marketing and innovation in the world of business. It has also opened doors for developing new client bases and for building on existing customer relations and developing customer loyalty. It has also been used to help develop management streamlining.
How has the internet made such a huge impact on business?
First of all, it can be noted that the internet has helped companies to save both time and money. When you consider previous methods of promoting a business that may have included leaflet drops and very many telephone conversations, and then compare this to the simplicity of sending out e-mails or placing an advertisement on a well chosen website, there is no real comparison to make in terms of the benefits to the company. It saves on costs of man power and telephone bills, reduces time taken to promote the business or a product and reaches a wider target audience. It is also worth mentioning that the growth of social networking sites, such as Facebook and Twitter, have helped businesses to advertise and market their products. For example Facebook, one of the most famous social networking site, estimates that over 1,000,000 people log onto their site every single day. Using these sites as promotion tools have helped businesses to expand their client base by reaching a larger number of people on a daily basis. Popular auction sites such as eBay have also provided retailers with another way to reach consumers and to sell their products. eBay is a vastly popular site which sells almost any goods, wither at prices that are set by the seller or open to bids on auction. Consumers love the ease of...
We had a look at how the internet has helped businesses to expand their marketing power and reach a wider customer base .The internet has had a massive impact on the business sector. Not only has it opened up a whole new sector of the e-business industry, it has boosted sales, advertising, promotion, marketing and innovation in the world of business. It has also opened doors for developing new client bases and for building on existing customer relations and developing customer loyalty. It has also been used to help develop management streamlining.
How has the internet made such a huge impact on business?
First of all, it can be noted that the internet has helped companies to save both time and money. When you consider previous methods of promoting a business that may have included leaflet drops and very many telephone conversations, and then compare this to the simplicity of sending out e-mails or placing an advertisement on a well chosen website, there is no real comparison to make in terms of the benefits to the company. It saves on costs of man power and telephone bills, reduces time taken to promote the business or a product and reaches a wider target audience. It is also worth mentioning that the growth of social networking sites, such as Facebook and Twitter, have helped businesses to advertise and market their products. For example Facebook, one of the most famous social networking site, estimates that over 1,000,000 people log onto their site every single day. Using these sites as promotion tools have helped businesses to expand their client base by reaching a larger number of people on a daily basis. Popular auction sites such as eBay have also provided retailers with another way to reach consumers and to sell their products. eBay is a vastly popular site which sells almost any goods, wither at prices that are set by the seller or open to bids on auction. Consumers love the ease of...