|
Article:
Internet Marketing Basics by: Himanshu Almost all of the articles on Internet marketing lacks coverage on all the basics and all the avenues of Internet marketing because there is just too much information to cover in a few words. Here I am going for an attempt which will be an overview, not an in depth affair. Here I would cover four basic marketing subjects: Market Research Search Engines E-zine Advertising Email Marketing Market Research This is the most basic part of any marketing campaign. This involves how much you are going to invest in the campaigns and where you are going to invest. Investing the right money at right place is the key. If you don't know your target market and how to reach them; if you don't know the value of the message you're attempting to convey; if you don't know the answer to all the pertinent questions'¦your advertising and the whole project will fail. The most basic step in researching your market is to first have a 'target.' There should be a clear picture in your mind about the target audience and you should treat them as your potential customers. This means you know who you're aiming for (their likes, dislikes, general age group, income, business type, etc.) and have a general idea how to 'hit' them. Sample target markets would include: This includes the segregation based on Age group Qualification Per capita income Spending capacity Geographical location Business class Technocrats Once you know who your target is ' the more information the better ' you're ready to get into the nitty-gritty of market research. There are five basic ideas in market research: 'Primary,' 'Secondary,' 'Combined' (all types of research) and 'Qualitative' and 'Quantitative' (ways of gathering the information). A quick definition of each: Primary research is research conducted by the primary user of the information. Secondary research is gathered elsewhere and used by you (purchased, leased, etc.). Most small businesses conduct both of these types of market research ' customer surveys for primary information and by researching free or paying fees for secondary information. This is called 'Combined' research. Qualitative research is usually exploratory and has a direction or goal. It generally aims at specific issues in the subject matter and gives you a better idea in which direction you should proceed. This type of research is 'loose' and is geared more towards finding a market or narrowing your market than it is towards getting specific information on that market and where your product fits within it. Quantitative is much more rigid than qualitative marketing. This research gets much more accurate statistical results and information and is best used when your target market is already narrowed and you wish to find ways to reach or explore that market as well as find specific information on your product as it relates to that market. Generally businesses conduct qualitative research during the exploratory research and development phase of their product to see if it is viable on the market and what they need in order to reach their market more fully with the product (colors, shapes, uses, etc.). Once the item is ready to hit the streets, qualitative research is used to fine-tune the market niche and begin offering the product for sale. Conducting your own market research is time-consuming, but is very well worth it if you have a need for information or if you are spending any considerable amount of money on your marketing for specific products or services. Search Engine Marketing This has, for a long time now, been a 'hot phrase' in online marketing circles. I'm not sure why, since while it is generally an important part of a presence online, it is not the end-all-be-all of marketing on the Internet. Search engines have become one of the most expensive forms of advertising on the Web, but have also become one of the most effective. Great search engine marketing (read: placement, strategy, etc.) is done by professionals and takes a lot of time to do correctly. There are two types of search engines to market towards: search engines/directories and pay-per-click (PPC) engines. Search directories (Yahoo! ) and engines (Google) require a lot of patience to market effectively. Even if you are paying for your listing, it can take weeks to appear on their site. Further, your positioning on their site can change regularly as their indexes change or they change the rules of 'ranking' on searches. On top of all of that you have paid advertisements and paid listings (see PPC below) that can usurp your position or push you further down in the results. Pay-per-click (PPC) engines are much easier to use, but also more expensive. A campaign on Overture, for example, can total hundreds of dollars in a single day. These engines, however, can usually get you a higher listing on a regular search engine (such as Yahoo!) much faster and with steadier results. Google Adwords is one more example in this category. This approach should be taken when the site is a new site, there is no brand name associated with the website. this gives instant traffic to any website and which in turn increases popularity of the site among the affiliates who are in constant search for the god affiliate program websites. Whichever course you take (I would recommend both if you're serious about search engine marketing), be prepared to spend a lot of time and a goodly amount of money in your endeavor. A listing at Yahoo!, for example, is $300/year and the average per-click cost on Overture is about $0.75. E-Zine Advertising In my experience, this is by far the most effective form of advertising at very low cost online. That said, be leery of offers to 'get your ad in 50 email newsletters for only $25.' I doubt you'll see one response for your $25 since most of the 'readers' of these e-zines are probably other people who paid for advertising as well. If you have researched your market well then you know the general wants and desires of your targets. Using that information, you can find the online newsletters (email or web-based) that these people would be interested in. Chances are that publication takes advertising. There are three basic types of advertising to a newsletter list: solo ads, top-line ads, and classified ads. Solo ads are sent to the entire (or a part of, depending on the options given) newsletter list ' these ads contain ONLY your advertisement or perhaps your ad plus an article to get the reader interested in looking. These are the most effective type of advertising through most newsletters, but are also the most expensive. Expect to pay $20 or more per '1
|
