1. Consumer Buying Cycle AwarenessInterestDesireAction 2.
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Transcript of 1. Consumer Buying Cycle AwarenessInterestDesireAction 2.
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Consumer Buying Cycle
Awareness Interest Desire Action
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Extended consumer Buying Cycle – 7 stage pathway
What does it do for me
Is it for me ? Which
one ?This one This is just
what I wanted
They care about me
These are great . You should get one
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Marketing Strategy – Yester Years
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Marketing Strategy Of Yesteryears
Newspaper
Radio
Directories
Flyers
TV
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Traditional planning around the consumer buying Cycle
Awareness involvement
Active considerat
ion
Purchase (conversio
n)
Consumption
Relationship building Advocacy
Television
Press
advertorials
Directories
POS
coupons
After sales program
Loyalty Program
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Traditional marketing
• Outbound Marketig – One way commmunication – Customers are sought out – No added value– Repetitive and boring Result :
86% people skip Television Ads44% of direct mail never opened
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Need of the hour
• In bound Marketing – Two way communication– Customer seeks you out – Added Value – education entertaintment
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Opportunity
• Growth rate of digital media – 30% • Growth rate of traditional industries – 5-10%• Internet penetration in India – 15-16% ( 200 million by Oct
2013)• In absolute number this coverage is 10 times the population
of Australia• Internet penetration is expected to be around 243 million by
mid 2014• Mobile internet users in India – 110 million • Mobile internet users in Rural India – 25 million• Facebook users in India – more than 82 million
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Definition of DM
• Use of Digital Channel to promote or Market Products and services
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Integrated planning with new media
Awareness involvement
Active considerat
ion
Purchase (conversio
n)
Consumption
Relationship building Advocacy
Television
Press
advertorials
Directories
POS
coupons
After sales program
Loyalty Program
Online Banners / Video Marketing
Search Engine Optimisation/ Search Engine Marketing Social Media – FB , twitter
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Traditional Vs Digital Marketing
Traditional • Broad Cast – Push outbound forms of
Communication• Message driven- by brand, features,
benefits etc• Didactic- tells explain , elaborate ,
instruct • Constrained – marketing content should
fit in with program schedules, print schedules, geographic boundaries etc
• Calendar and budget bound- fixed start – end points
• Power – Power and influence with traditional media is retained by the media owner and advertiser
Digital • Interactive – Push and Pull approach-
interactive engagement , focused approach to customers
• Consumer – driven : DM is in terms of consumers interest and preference
• Listening – two way communication- listen engages and shares
• Unconstrained from schedules and geographic limitations
• Open ended – launch , review , adjust and relaunch
• Power – In DM control and influence is with the customer
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Traditional Vs Digital Marketing Traditional Marketing Digital Marketing Broadcast Interactive Message Driven Consumer DrivenDidactic Listening
Constrained Unconstrained
Calendar and budget bound Open ended
Power retained by Media owner Power with consumer
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Digital Channels
• DM tools refers to the application of relevant digital channel to achieve the marketing goals
• The primary channels are – Search Optimisation– Search Marketing – Email Marketing – Digital Display advertising – Social Media Marketing – Mobile Maketing– Analytics
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Search Engine Optimisation
• SEO means optimising your website so that it is found on search engines
• The website should be aligned with the search phrases of the audience to get high ranking in the organic listing of search engine results
• SEO is an ongoing dynamic process with goals action, review and iteration
•
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SEO
SEM
SEO
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Search Engine Marketing
• SEM refers to paid advertising to achieve search placements – Pay per click
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Email marketing
• Email marketing is advertising the service through email to the customers
• Email marketing consists of following steps– Data collection – creation of subcribers list including the
email numbers– Design – creation of an email campaign including the lay
out , structure , design , content etc– Delivery – refers to the mechanism used for email
marketing .– Reporting – tracking and analysis of the recipients'’
interaction with the emails .
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Digital display Marketing
• Digital display marketing refers to advertising by placing the graphically rich advertisement on selected websites
•
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Mobile marketing
• Mobile marketing refers to applying a range of digital marketing activities through mobile devices
• You can connect with the customers irrespective of their location
• Mobile provides a means of convergence . Functionalities such as SMS , camera, music , phone browser , GPS , email , office applications , social media and gaming , all come together in one device
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Social media marketing
• SMM refers to engagement with your target audience throgh social network.
One can build relationship with the customers using social media and also able to get feed back on the expectation of the customersThe evolution of nline interaction and web places the user centre stage and increasingly n control
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Analytics
• Analytics refers to measuring and monitoring customer activities on any of the digital marketing campaigns .
• Gives key insights into the volume and type of actions that customer carry out online
• Ex: google analyticG
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Guidelines
• One should be aware of the laws regarding privacy , data protection , copy right and accessibility with regard to DM
• Some of the common electronic privacy characteristics are – Option to opt out at data collection point – Subscriber should be informed about thepurpose of
information collection – Email only about a similar product – Option to opt out on every email– Opt In only valid for 12 months
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Group Discussion
• Relevance and scope of digital marketing in India Post