"E-Marketing Strategy: 7 Dimensions to Consider (the e-Marketing Mix)"
What is e-Marketing?
e-Marketing is still quite a controversial subject to talk about, since no one
succeeded to unify the various theories around it; however there is one thing
upon which there is no doubt that e-Marketing first appeared under the
form of various techniques deployed by pioneer companies selling their products
via the internet in the early 90's.
The frenzy around these new marketing techniques created by e-tailers and supported
by the internet rapidly gave birth to a new dimension of what we knew as Marketing:
the e-Marketing (electronic Marketing).
There are many definitions to what e-Marketing is, the simplest and shortest
one being formulated by Mark Sceats: e-Marketing is Marketing that uses the
internet as manifestation media. A working definition is that coming from a
group of CISCO specialists: e-Marketing is the sum of all activities a business
conducts through the internet with the purpose of finding, attracting, winning
and retaining customers.
e-Marketing Strategy
The e-Marketing Strategy is normally based and built upon the principles that
govern the traditional, offline Marketing the well-known 4 P's (Product
Price Promotion Positioning) that form the classic Marketing
mix. Add the extra 3 P's (People Processes Proof) and you got
the whole extended Marketing mix.
Until here, there are no much aspects to differentiate e-Marketing from the
traditional Marketing performed offline: the extended Marketing mix (4 + 3 P's)
is built around the concept of "transactional" and its elements perform
transactional functions defined by the exchange paradigm. What gives e-Marketing
its uniqueness is a series of specific functions, relational functions, that
can be synthesized in the 2P + 2C+ 3S formula: Personalization, Privacy, Customer
Service, Community, Site, Security, Sales Promotion.
These 7 functions of the e-Marketing stay at the base of any e-Marketing strategy
and they have a moderating character, unlike the classic Marketing mix that
comprises situational functions only. Moderating functions of e-Marketing have
the quality of moderate, operate upon all situational functions of the mix (the
classic 4 P's) and upon each other.
1. Personalization
The fundamental concept of personalization as a part of the e-Marketing mix
lies in the need of recognizing, identifying a certain customer in order to
establish relations (establishing relations is a fundamental objective of Marketing).
It is crucial to be able to identify our customers on individual level and gather
all possible information about them, with the purpose of knowing our market
and be able to develop customized, personalized products and services.
For example, a cookie strategically placed on the website visitor's computer
can let us know vital information concerning the access speed available: in
consequence, if we know the visitor is using a slow connection (eg. dial-up)
we will offer a low-volume variation of our website, with reduced graphic content
and no multimedia or flash applications. This will ease our customer's experience
on our website and he will be prevented from leaving the website on the reason
that it takes too long to load its pages.
Personalization can be applied to any component of the Marketing mix; therefore,
it is a moderating function.
2. Privacy
Privacy is an element of the mix very much connected to the previous one
personalization. When we gather and store information about our customers and
potential customers (therefore, when we perform the personalization part of
the e-Marketing mix) a crucial issue arises: that of the way this information
will be used, and by whom. A major task to do when implementing an e-Marketing
strategy is that of creating and developing a policy upon access procedures
to the collected information.
This is a duty and a must for any conscious marketer to consider all aspects
of privacy, as long as data are collected and stored, data about individual
persons.
Privacy is even more important when establishing the e-Marketing mix since
there are many regulations and legal aspects to be considered regarding collection
and usage of such information.
3. Customer Service
Customer service is one of the necessary and required activities among the support
functions needed in transactional situations.
We will connect the apparition of the customer service processes to the inclusion
of the "time" parameter in transactions. When switching from a situational
perspective to a relational one, and e-Marketing is mostly based on a relational
perspective, the marketer saw himself somehow forced into considering support
and assistance on a non-temporal level, permanently, over time.
For these reasons, we should consider the Customer Service function (in its
fullest and largest definition) as an essential one within the e-Marketing mix.
As we can easily figure out, the service (or assistance if you wish) can be
performed upon any element from the classic 4 P's, hence its moderating character.
4. Community
We can all agree that e-Marketing is conditioned by the existence of this impressive
network that the internet is. The merely existence of such a network implies
that individuals as well as groups will eventually interact. A group of entities
that interact for a common purpose is what we call a "community" and
we will soon see why it is of absolute importance to participate, to be part
of a community.
The Metcalf law (named after Robert Metcalf) states that the value of a network
is given by the number of its components, more exactly the value of a network
equals the square of the number of components. We can apply this simple law
to communities, since they are a network: we will then conclude that the value
of a community rises with the number of its members. This is the power of communities;
this is why we have to be a part of it.
The customers / clients of a business can be seen as part of a community where
they interact (either independent or influenced by the marketer) therefore
developing a community is a task to be performed by any business, even though
it is not always seen as essential.
Interactions among members of such a community can address any of the other
functions of e-Marketing, so it can be placed next to other moderating functions.
5. Site
We have seen and agreed that e-Marketing interactions take place on a digital
media the internet. But such interactions and relations also need a proper
location, to be available at any moment and from any place a digital
location for digital interactions.
Such a location is what we call a "site", which is the most widespread
name for it. It is now the time to mention that the "website" is merely
a form of a "site" and should not be mistaken or seen as synonyms.
The "site" can take other forms too, such as a Palm Pilot or any other
handheld device, for example.
This special location, accessible through all sort of digital technologies
is moderating all other functions of the e-Marketing it is then a moderating
function.
6. Security
The "security" function emerged as an essential function of e-Marketing
once transactions began to be performed through internet channels.
What we need to keep in mind as marketers are the following two issues on security:
- security during transactions performed on our website, where we have to take
all possible precautions that third parties will not be able to access any part
of a developing transaction;
- security of data collected and stored, about our customers and visitors.
A honest marketer will have to consider these possible causes of further trouble
and has to co-operate with the company's IT department in order to be able to
formulate convincing (and true, honest!) messages towards the customers that
their personal details are protected from unauthorized eyes.
7. Sales Promotion
At least but not last, we have to consider sales promotions when we build an
e-Marketing strategy. Sales promotions are widely used in traditional Marketing
as well, we all know this, and it is an excellent efficient strategy to achieve
immediate sales goals in terms of volume.
This function counts on the marketer's ability to think creatively: a lot of
work and inspiration is required in order to find new possibilities and new
approaches for developing an efficient promotion plan.
On the other hand, the marketer needs to continuously keep up with the latest
internet technologies and applications so that he can fully exploit them.
To conclude, we have seen that e-Marketing implies new dimensions to be considered
aside of those inherited from the traditional Marketing. These dimensions revolve
around the concept of relational functions and they are a must to be included
in any e-Marketing strategy in order for it to be efficient and deliver results.
About the Author:
Otilia is a certified professional with expertise in e-Marketing and e-Business,
currently working as independent consultant and e-publisher. She developed and
teach her own online course in Principles of e-Marketing and can be contacted
through her Marketing portal Tea with an Edge of Marketing |