Article 5
Article 5
Article 5
org
Vol.11, Iss.9, Dec 2022
Research Paper © 2012 IJFANS. All Rights Reserved
NIRMALA. R
Research Scholar
M.Phil Commerce
Bharath Institute Of Higher Education And Research
Mail Id : nirmalatet@gmail.com
Abstract:
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observed in consumption and based on this the trading pattern also started changing. The
thoughts of great philosophers like Socratic Philosophers, Plato, St Augustin of Hippo, st
Thomas Aquinas, had explained the social behaviour towards balancing demand and supply,
social behaviour, self-management of excess and scarce supplies by self-balancing pricing
system (Jons & Shaw, 2002). Now the present market is a composition of traditional
marketing system and digital marketing system. There are three categories of customers;
traditional buyers, online buyers, and hybrid buyers who use both.Modern marketing is a
replica of the old system and main difference is in the exchange of goods and services. In the
real world promotion and transaction occurs through virtual platform and the information and
computational system replace traditional marketing activity. The central philosophy of online
is the virtual reality in tangibility instead of sensing real product, information transfer is
factual than emotional, system based than humane, self-decision than peer or family
influence, virtual monetary transaction than real hard currency, convenience than exertion,
quick than delayed and so on.
Introduction
The Indian retail industry has three segments: informal retail channels, traditional retail
networks and online retail networks. The online retail chains emerged in India after the
growth of the Information and Telecommunication Technology in India since 1990. The
growth of the technology was slow in the early stage till 2000 and then grew at a high rate
after the mobile technology became popular through the emergence of the smart phone and
internet service in mobile devices. The Android technology changed the growth of the
internet-based technology in India.
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The data shows that the users of smart phones are increasing and 2.6 billion users are
there all over the world in which 46% are Indian users who use the smart phones to access
internet. 65% of the smart phone holders use mobile sites for purchasing. The companies are
using mobile friendly websites for marketing their products or services. The data shows that
95% users are below 35 years and 21% use internet applications for the online purchase.
Smart phones are used for chatting, social networking, voice calling, email and short
messaging services.
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Research Paper © 2012 IJFANS. All Rights Reserved
the peak search sites float at top and there exists a competition in brands to be at the top list
always by encouraging the searchers through attractive pop ups. It is attention seeking
process for a rational buyer and continuous effort is needed to be in top searched brands or
sites to persuade consumer for clicking the pop-up ads. The search based on key words
compels the marketers to define their products using multiple key word definitions so that the
ads get maximum clicks. This research is an attempt to analyse how companies use digital
marketing strategies to float in top searched caches. The ‘newness’ and ‘attention seeking
strategies’ are the prime composition for increasing. clicks. The research also analyse how
companies maintain a successful strategy for ‘newness and attention seeking’ among the
consumers and future prospect.
TRADITIONAL MARKETING
Offline marketing is another term for traditional marketing. Traditional simply refers
to the “transfer” of anything, such as ideas, traditions, or behaviours. When you think about
conventional marketing, keep in mind that it refers to methods and strategies that have been
around for a long time. Furthermore, “offline marketing” is a phrase that refers to any
technique or means of advertising that does not use the internet.
Traditional marketing is more concerned with the business and the product, while
internet marketing is more concerned with the consumer and their interests. So, in general,
you'd utilise conventional marketing to grow your company and try to spread your goods
across the three major geographic tiers (local, regional, national), and eventually globally.
Although others may disagree with this reasoning, it seems that there would be less emphasis
on the real client and their requirements.
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to promote your company. The goal is to get the best outcomes by combining online and
conventional techniques.
• There are 7.7 billion human beings on the earth, and four.4 billion of them use
the internet.
• Almost a 3rd of customers could decide on engage with businesses via social
media than go to a store.
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Let us now return to the original question. What is the definition of a digital
marketing platform? A digital marketing platform is a software solution that permits
you to do a variety of errands connected to online marketing. According to Gartner, a
platform cannot promise to handle every aspect of digital marketing, but rather will
include features such as media purchasing, performance assessment and optimization,
and brand monitoring. Other marketing activities, such as SEO and social media, may
not be included.
Customer connections are the most important element of every company. As a result,
profit maximisation via client pleasure is the primary goal of every company. However,
keeping a client happy is never easy. Even though a customer expresses his requirements and
desires, he may behave in ways that contradict them. He may be unaware of his true motives
and could alter his opinion at any time.
Despite their differences, customers have many things in common. To discover them,
research into target consumers' desires, perceptions, and shopping and purchasing habits
would be beneficial, as it will offer the data needed to create new goods, pricing, channels,
communication, and other marketing components.
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SATISFACTION OF CUSTOMERS
Customer satisfaction is a key strategic weapon for any kind of company in the 1990s
and beyond. Because the goal of a commercial company is to earn money, customer
happiness is very essential. It's crucial to figure out which service elements have the most
impact on a customer's proclivity to purchase and to be ahead of closest competitors in terms
of service offer. Customer contentment is an ephemeral concept. Because the competition is
likewise trying to meet or surpass consumer expectations, customer expectations and
performance standards are always evolving. Different surveys may be utilised to highlight
different elements of customer satisfaction, based on customer characteristics. Customer
happiness is influenced by four different variables, according to marketing experts. Product,
Sales activity, After-Sales, and Culture are the main elements of each, according to Lile and
Sheth.
According to Simpson J.A. and Weiner E.S.C., the buyer is According to the Oxford
English Dictionary 8, purchasing refers to the act of obtaining ownership of (somewhat) by
providing an equal, typically in money, to acquire by disbursing a price.
Buyer behaviour and consumer behaviour are defined by William F. Schoell (1985).
As a result, customer behaviour is a subset of human behaviour concerned with people'
choices and actions in buying and consuming goods, while buyer behaviour is a subset of
consumer behaviour concerned with the decisions that precede the acquisition act and the
business itself.
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J.A. Simpson and E.S.C. Weiner (1989) describe behaviour as the way one conducts
himself in his life's external relationships. In other words, it refers to one's behaviour, general
practise, life path, and course of action toward or towards the treatment of others.
The customer and buyer behaviour are emphasised in the international literature, with
consumers intending to acquire the product because of its quality, accessibility, and price.
However, their behaviour must be handled more aggressively throughout the completion of
their transaction.
MACRO – MODELS
to begin this debate on client pride, it is vital to define the term. “pride is the patron's
satisfaction reaction,” in step with a typically regarded definition. it is a determination that a
services or products characteristic, or the carrier product itself, furnished (or continues to
deliver) a nice degree of intake-associated fulfilment, including ranges of beneath- or
overfulfillment...” (1997, Oliver). that is an amazing definition. First, instead of a "client," the
emphasis is on a "purchaser." A client utilises a services or products, whilst a consumer can
pay for the product or service however is not necessarily the patron (this is, the direct
consumer). Granted, that is a bit distinction that receives overlooked in normal communique,
but it makes a distinction in a researcher's delight modelling. satisfaction with a service or
product is a assemble that needs product or service enjoy and usage (Oliver, 1997).
individuals who pay for a product/carrier but by no means use it need to no longer be
predicted to have the same level of (dis)pride as a product/service user (the client). As a
result, we have to understand that the notion of purchaser pride refers to patron (or consumer)
pleasure rather than consumer satisfaction (which may also consist of non-customers).
Second, fulfilment is a sensation. It's a short-term mindset that may easily shift
depending on the circumstances. It is distinct from visible actions like as product selection,
complaint, and repurchase since it exists in the user's head. Third, contentment often has
lower (insufficiency or under fulfilment) and higher (fulfilment) criteria (excess or over-
fulfillment). This implies that if a customer receives “too much of a good thing,” his or her
pleasure may suffer. Many individuals are preoccupied with the lower barrier and overlook
the possibility of a higher threshold.
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CONCLUSION
Traditional marketing has been around for a long time, whereas digital marketing has
just been prominent in the last one or two decades.
In this article, we learnt that digital marketing has a significant advantage over
conventional marketing, and that digital marketing is the ideal form of marketing to reach
your target audience whether you are an entrepreneur or beginning a small company with a
limited budget.
It will be less expensive for you, and you will be able to play against much larger
opponents.
Finally, we can conclude that both marketing methods have benefits and drawbacks,
as we have shown in this essay. Determine your marketing strategy depending on your
company's needs and budget.
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