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Role of internet in marketing
B2b marketing b2c comparison
Role of internet in marketing
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B2C and B2B Marketing Comparison
Marketing ultimately depends on who you are delivering your message to. With Business to Business (B2B), an organization has to know the businesses needs, its current situation, competitors, trends, technology and costs. Business to Commerce (B2C) is also about knowing who you're selling to. You have to know their wants and needs, your competition, distribution, supply chains and costs.
Often, B2B sites are more informational and technical. There is less branding, or at least a different kind. It is not so much an emotional connection as an intellectual connection. B2C sites are more entertainment. They often change with promotions and products, and are made simpler for ease of navigation for the common user.
The major characteristic of B2B is that companies attempt to automate the selling and buying processes in order to improve it. The major characteristic of B2C is that companies try to create a direct relationship with consumers without the involvement of distributors, wholesalers and dealers.
The difference in marketing is that a B2B seller tries to differentiate itself from its competition by marketing its value towards its specific market as one that will save the buyer companies a great deal of time and money by automating as much of their supply chain as possible. They do this through the traditional offline methods of advertising, tradeshows, field sales, etc. along with websites that provide customer only access to their accounts and inventory. In addition, e-mail marketing and other communications using the supply chain channels is effective. B2C also uses traditional offline methods along with the integration of online tools such as interactive websites, email marketing, online communities, pop-ups and banner ads. B2B may also utilize some of those mentioned for B2C and vice versa. The goal of any marketing program for either one is to find the combination of integrated online and offline tools that can produce maximum sales, minimum expense and maximum profit.
B2C sites tend to be more transactionally oriented than B2B sites. Both types have transactions, but consumers are usually online to transact or purchase the product or service right away; B2B users tend to be more investigative and know it may take longer to get the complete details of the product answers they are interested in. Many business sites entice those interested in learning more; to register and give their contact information in exchange for getting the information they want. This allows for human intervention, when applicable, which can really make an online business transaction very enjoyable and begin to build a long-term business relationship.
While marketing is everything businesses do to identify its target market and create strategies for reaching its customers, sales is everything businesses do to close the sale and get a signed agreement or contract. Both are essential to the success of a
Marketing is one of the major areas covered in the standard business course; the other major areas would be management, accounting, finance, and economics. Marketing covers all aspects of marketing pertaining to the basics of marketing to more advance challenging areas, and marketing is a broad area with many career opportunities. Some people going into business tend to have a negative
In two distinct e-commerce business types, Business-to-business (B2B) and Business-to-Consumer (B2C), there are many differences in the way they operate. Specifically in marketing, differences include how the marketing is driven and the values of the strategies, the size of the target market and length of the sales cycle, and even the buying patterns of the target consumers. Each of these differences will be better defined and explained in the following paragraphs.
Although the goal of B2B marketing is to convert prospects into customers, the process is longer and more involved. A B2B company needs to focus on relationship building and communication using marketing activities that generate leads that can be nurtured during the sales cycle. B2B companies use marketing to educate various players in the target audience because the decision to purchase is usually a multi-step process involving more than one person. For example, the goal of an email campaign for B2B is to drive prospects to the web to learn about your products and services.
Profit Marketing objectives of marketing are usually to let potential clients in the target market know about the product or service and how it can benefit them, with a view to selling it in exchange for money. The corporation keeps the money, and the customer enjoys the product or service that they bought. Profit marketing also focuses on developing new markets for existing products or identifying markets for new product lines. The major difference between the marketing of the two types of corporations is the fulfillment of the customer need. The for profit marketing customer has a need that he fulfills by the purchase of the goods or services and may measure sales, the number of customers, or...
...t in both direct and indirect ways. Direct sell will include, sell in online forums or use direct mail to reach our customers. When selling directly, we can take the time to showcase our product’s distinct attributes. Before turning sales over to a distributor, we will build a base of direct sales to prove the product will sell. Using an indirect approach, we will persuade stores to carry our products. While more time-consuming, approaching retailers in store or at trade shows gives us more control over how our product is displayed and how it’s presented to customers. For indirect sales incorporate a middleman in some way or another. A distributor’s functions include stocking, ease of ordering and quick delivery with no pioneering sales efforts. Intermediaries have expertise and contacts, but they may require minimum order quantities and an established sales record.
The many differences between these to companies offer contrasting experiences for buyers and sellers despite how similar they seem but how do these two Business Net Types benefit from and improve through
First of all e-commerce is an area of marketing that uses networks to buy, sell and service a business 's products and services. Some pros e-commerce offers overall is that is can reach a wide variety of customers all over the world rather than just the ones in our area. Customers often impulse buy when online shopping which is a bonus for us when it comes to the online business. It is also easier to keep track of competitors and price changes since the competitors website is easily accessible. It’s also a great way to highlight major sales and make them more public than one would be able to just promoting it in a store. For example using social media and the website we can easily get the word out about special deals like buy one get one free drinks. Some cons; however, is that it takes away from interaction with customers. Customer interaction and good customer service is a key point in keeping our customers coming back to Not Your Average Ice Cream Shop so not having that connection could possibly hurt us in the long run. There is also a higher risk of losing money due to hackers and online fraud that could cause a business to lose it’s online customer base. Also a website can’t always be reliable since there is always a possibility of servers crashing or a customer not having access to the internet at all. Lastly, you can risk losing company information to scanners which can cause your
Marketing is a fundamental aspect of all businesses, whether they are set out to make a profit, or charitable organisations - they will have to carry out marketing research of some description. It has been described as being, “the management process responsible for identifying, anticipating and satisfying customer requirements profitably.” (Chartered Institute of Marketing) This essay will explore the role of marketing in a marketing oriented business and different aspects of the external environment that a smartphone company should be aware of. The points raised throughout will be supported using relevant journals, textbooks and newspaper articles.
B2B businesses segment businesses using these techniques; Standard industrial classification codes (SIC), geographical location and the size or the
Primarily, strategic marketing initiates its process through market research, thereby inculcating the optimal target customers throughout the development phase of the product or service. Market research enables the firm to identify trends from the horizon, especially by studying major competitors in the market that eventually informs the firm’s product designs and development. Strategic marketing does thus enable the company to use to researched information to differentiate products for individual client niches, which provides the firm with a competitive
The are two basic categories of business conducted over the internet, Business-to-Customer (B2C) and Business-to-Business (B2B), and they share one common key aspect - use of Internet technologies to manage all aspects of the business.
Selling is product focused and involves using techniques to make customers exchange goods, services or brands for cash. Marketing on the other hand is more dynamic and wider than selling as it focuses more on the customer rather than the product.
They create brochures and distribute them in the potential market. But the digital era has made the world very small, and one can easily reach to a business with the help of the website of that business. Having a website means you need not to spend millions on printing brochures and distributing them. Customers can know about your business, services you offer and/or products you sell.
For instance they can purchase anything at any point of time without going out to any physical store; they can compare the prices of the product from different websites and can purchase from the site where they are getting cheaper; it also saves time; customers can also avoid pressure when having a face to face interaction with the salesperson etc. We can summarize these factors into 4 categories: