
During the last few decades internet has evolved as one of the best mediums of communication. Easy accessibility and interactive nature of the medium has made it popular among the masses. A person sitting at home can shop, pay his bills, interact with people around the world, keep in touch with friends, listen to music, watch movies and most importantly gain knowledge about anything, all at the click of a mouse. As such web Internet marketing is gaining popularity with the masses.
Web Internet marketing has become an important and cost effective segment of electronic commerce. The various methods through which a product can be marketed are search engine marketing, display ads, email marketing, interactive advertisements etc. Search engines like Google provide advertisements in the search page itself relevant to the topic of search. Revenue from the advertisements is generated on a pay per click basis.
Web Internet marketing is based on models like business to business and business to consumer. Initially, business to consumer was the main scope of online marketing with product knowledge directly reaching the target audience via emails or pop ups. Then came the business to business model. Now-a-days, a new model, peer to peer, has also come up in which individuals can share files among themselves.
Web Internet marketing involves various aspects like information management, public relations, customer service, market research and sales. Price factor plays an important role in making this form of marketing most effective. Through websites like priceline.com consumers can choose products in their preferred price range. Similarly at ebay.com consumers can auction their own products.
This form of marketing has its own advantages and disadvantages. According to PricewaterhouseCoopers, US spent $16.9 billion in 2006 on web Internet marketing. Consumers can access information about any product at any time of the day and place an order according to their convenience. Companies that engage in online marketing can save expenditure on sales force. Moreover they can access both the local as well as international markets. Compared to other forms of media marketing, internet marketing is growing very fast. However this form has its own limitations. Slow internet connectivity can cause problems. If the web page is complicated or too large then consumers are often reluctant to download them.
They fear that they may accidentally download some virus into their computers. Most websites assure their customers that their information like credit card details will be kept confidential. But it happens otherwise. Some websites are known to acquire consumer details and sell them. As such online marketing has its own risks. Internet marketing has had a large impact on several industries like music, banking and the advertising industry itself. As web Internet marketing is gaining popularity flea markets are struggling. In just a few years, online advertising has grown to be worth tens of billions of dollars and it is still growing. In USA, due to the popularity of this form of marketing, sales tax have been imposed.
Web Internet marketing is new generation marketing. It has to be simple and easily accessible to the consumers. Only then can it be most effective in reaching its target audience. It is gaining popularity among small business and even consumers who try to make money online. As such Internet marketing has a bright future ahead and businessmen are gearing up to make full use of it.
Internet marketing