Global Market
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Questions:
1) What are the advantages of entering the global market?
• The advantages of global market we can introduce our product by using advertising:
➢ Economies of scale in production and distribution ➢ Lower marketing costs ➢ Power and scope ➢ Consistency in brand image ➢ Ability to leverage good ideas quickly and efficiently ➢ Uniformity of marketing practices ➢ Helps to establish relationships outside of the "political arena" ➢ Helps to encourage ancillary industries to be set up to cater for the needs of the global player ➢ Benefits of eMarketing over traditional marketing
• Reach
➢ The nature of the internet means businesses now have a truly global reach. While traditional media costs limit this kind of reach to huge multinationals, eMarketing opens up new avenues for smaller businesses, on a much smaller budget, to access potential consumers from all over the world.
• Scope
➢ Internet marketing allows the marketer to reach consumers in a wide range of ways and enables them to offer a wide range of products and services. eMarketing includes, among other things, information management, public relations, customer service and sales. With the range of new technologies becoming available all the time, this scope can only grow.
Interactivity
➢ Whereas traditional marketing is largely about getting a brand’s message out there, eMarketing facilitates conversations between companies and consumers. With a two way communication channel, companies can feed off of the responses of their consumers, making them more dynamic and adaptive.
Immediacy
➢ Internet marketing is able to, in ways never before imagined, provide an immediate impact. Imagine you’re reading your favorite magazine. You see a double-page advert for some new product or service, maybe BMW’s latest luxury sedan or Apple’s latest iPod
Questions:
1) What are the advantages of entering the global market?
• The advantages of global market we can introduce our product by using advertising:
➢ Economies of scale in production and distribution ➢ Lower marketing costs ➢ Power and scope ➢ Consistency in brand image ➢ Ability to leverage good ideas quickly and efficiently ➢ Uniformity of marketing practices ➢ Helps to establish relationships outside of the "political arena" ➢ Helps to encourage ancillary industries to be set up to cater for the needs of the global player ➢ Benefits of eMarketing over traditional marketing
• Reach
➢ The nature of the internet means businesses now have a truly global reach. While traditional media costs limit this kind of reach to huge multinationals, eMarketing opens up new avenues for smaller businesses, on a much smaller budget, to access potential consumers from all over the world.
• Scope
➢ Internet marketing allows the marketer to reach consumers in a wide range of ways and enables them to offer a wide range of products and services. eMarketing includes, among other things, information management, public relations, customer service and sales. With the range of new technologies becoming available all the time, this scope can only grow.
Interactivity
➢ Whereas traditional marketing is largely about getting a brand’s message out there, eMarketing facilitates conversations between companies and consumers. With a two way communication channel, companies can feed off of the responses of their consumers, making them more dynamic and adaptive.
Immediacy
➢ Internet marketing is able to, in ways never before imagined, provide an immediate impact. Imagine you’re reading your favorite magazine. You see a double-page advert for some new product or service, maybe BMW’s latest luxury sedan or Apple’s latest iPod
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