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Change is occurring at an accelerating rate; today is not like yesterday, and tomorrow will be
different from today. Continuing today’s strategy is risky; so is turning to a new strategy.
Therefore, tomorrow’s successful companies will have to heed three certainties:
➤Global forces will continue to affect everyone’s business and personal life.
The term Marketing management, though popular today, has a history which dates
centuries back. The first trading system which was adopted by humanity was the barter
system – a thing for a thing. However, money was later on established and it became the
basic of all transactions.
As population grew and societies were formed, we entered in an industrial era. At this point,
factories were established which manufactured goods, and it was expected that consumers
will buy whatever was being manufactured. At such a point, there was no concept like
segmentation, differentiation etc. It was purely a need based market. The factory
manufactured what it could. And the consumer bought what he got.
Slowly but surely, things changed. More and more people saw that they could become
manufacturers and therefore earn more money out of it. This led to the industrial revolution.
Now when there was competition between factories, factories began to push customers into
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buying their product through personal selling. Many sales men were hired to propagate one
companies product over the others.
Finally, some manufacturers came up with the brilliant idea, that instead of pushing the
product to the customers, we could pull them to us. And this led to the birth of marketing
management. A singular concept which has spawned millions of ideas, and billions of jobs
over the last few decades. It is because of marketing management, that we buy what we buy
in this civilized world of ours.
Creating value
Building a brand
WWF
WWF took its Earth Hour initiative – a voluntary worldwide event where participants turn
off their lights for an hour to show how easy it can be to battle climate change – and brought
it to Norway’s mobile audience.
Scandinavian countries like Norway experience extreme daylight hours in different seasons,
making the country a prime candidate for WWF’s Blackout campaign. Using digital agency
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Mobiento, the nonprofit placed the Blackout Banner across Norway’s top media sites to
promote Earth Hour. With one tap of the banner, the screen went black. Finger swiping the
black screen slowly revealed the Earth Hour countdown. The banner attracted
roughly 1,000,000 impressions and the campaign received three MMA Global Mobile
Marketing Awards back in 2012.
Nike
Nike has been able to evolve its global presence through the careful selection of international
sponsorships such as its previous long-standing relationship with Manchester United.
Although sponsorship spending can be fairly unpredictable – demand costs tend to surge due
to triggers like championships and tournaments – these partnerships have certainly helped
the brand capture the attention of a global audience.
Nike’s NikeID co-creation platform serves as another strategy that the company is using to
appeal to international markets.
Coca-Cola
For example, in Egypt, Coca-Cola has built 650 clean water installations in the rural village
of Beni Suef and sponsors Ramadan meals for children across the Middle East. In India, the
brand sponsors the Support My School initiative to improve facilities at local schools. Not to
mention, the brand sticks with selling an emotion that can’t get lost in translation: happiness.
Digital Marketing
Digital marketing’s development since the 1990s and 2000s has changed the way brands and
businesses utilize technology for marketing. As digital platforms are increasingly
incorporated into marketing plans and everyday life,] and as people use digital devices
instead of visiting physical shops, digital marketing campaigns are becoming more
prevalent and efficient.
Digital marketing techniques such as search engine optimization (SEO), search engine
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marketing (SEM), content marketing, influencer marketing, content automation, campaign
marketing, data-driven marketing[6] and e-commerce marketing, social media
marketing, social media optimization, e-mail direct marketing, display advertising, e–books,
and optical disks and games are becoming more common in our advancing technology. In
fact, digital marketing now extends to non-Internet channels that provide digital media, such
as mobile phones (SMS and MMS), callback, and on-hold mobile ring tones.
There are a number of ways brands can use digital marketing to benefit their marketing
efforts. The use of digital marketing in the digital era not only allows for brands to market
their products and services but also allows for online customer support through 24/7 services
to make customer feel supported and valued. The use of social media interaction allows
brands to receive both positive and negative feedback from their customers as well as
determining what media platforms work well for them and has become an increased
advantage for brands and businesses. It is now common for consumers to post feedback
online through social media sources, blogs and websites feedback on their experience with a
product or brand.It has become increasingly popular for businesses to utilise and encourage
these conversations through their social media channels to have direct contact with the
customers and manage the feedback they receive appropriately.
Word of mouth communications and peer-to-peer dialogue often have a greater effect on
customers, since they are not sent directly from the company and are therefore not planned.
Customers are more likely to trust other customers’ experiences. It is increasingly
advantageous for companies to utilise social media platforms to connect with their customers
and create these dialogues and discussions. The potential reach of social media is indicated
by the fact that in 2015, each month the Facebook app had more than 126 million average
unique users and YouTube had over 97 million average unique users
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OBJECTIVE OF THE STUDY
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SCOPE OF THE STUDY
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RESEARCH METHODOLOGY
The descriptive research design is used for analyzing and studying the process of Business
Development. It is very simple & more specific than explanatory study.
The descriptive study is a fact finding investigation with adequate interpretation. The
descriptive study aims at identifying the various characteristics of a problem under study. It
reveals potential relationships between variables and also setting the stage for further
investigation later. The results of such research are not usually useful for decision making by
them, but they can provide significant insight into a given situation. Although the results of
qualitative research can give some indication as to the ‘why’, ’how’ and ‘when’ something
occurs, it cannot tell us ‘how often’ or ’how many’.
The research conducted was descriptive as well observatory which included both primary
and secondary data.
Data Sources:
Primary Data: -
Secondary Data:-
Secondary data is collected from already existing sources in various organization broachers
& records. Secondary data for the study were collected from the magazines, websites &
other previous studies.
To meet the objectives, the study used qualitative research. The descriptive study was done
through review of existing literature that helped in validation and extraction of the important
variables and factors. Data was collected from primary sources in the form of questionnaire
as well as secondary sources. Secondary sources were magazines, websites, books, office
executives, and company data.
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LIMITATIONS
Other limitations
Time constraint.
Research limited to particular areas.
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INDUSTRY AND COMPANY PROFILE
INDUSTRY PROFILE
DIGITAL MARKETING
Meaning:
The rapid growth of Digital Marketing Industry is a direct consequence of the global
phenomenon that is the Internet, and effectiveness of Digital Marketing channels in
generating revenue and awareness. Compared to traditional methods of advertising, Digital
Marketing offers rather realistic costs (particularly important for small- and medium-size
businesses and start-ups), accurate targeting and excellent reporting.
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DIGITAL MARKETING CHANNELS
Search engine marketing (SEM) is a form of Internet marketing that involves the promotion
of websites by increasing their visibility in search engine results pages (SERPs) through
optimization and advertising.] SEM may use search engine optimization (SEO), which
adjusts or rewriteswebsite content to achieve a higher ranking in search engine results pages,
or use pay per click listings.
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3. SMM (Social Media Marketing)
Social media marketing is the process of gaining website traffic or attention through social
media sites.
Social media marketing programs usually center on efforts to create content that attracts
attention and encourages readers to share it across their social networks. The resulting
electronic word of mouth (eWoM) refers to any statement consumers share via the Internet
(e.g., web sites, social networks, instant messages, news feeds) about an event, product,
service, brand or company. When the underlying message spreads from user to user and
presumably resonates because it appears to come from a trusted, third-party source, as
opposed to the brand or company itself, this form of marketing results in earned media rather
than paid media.
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Engagement
In the context of the social web, engagement means that customers and stakeholders are
participants rather than viewers. Social media in business allows anyone and everyone to
express and share an opinion or an idea somewhere along the business’s path to market.
Each participating customer becomes part of the marketing department, as other customers
read their comments or reviews. The engagement process is then fundamental to successful
social media marketing.
Facebook Marketing
Facebook is the world's most popular social network for both businesses and individuals.
With over one billion users, your friends and fans are likely already using the platform -- and
you should be too!
In fact, people are 51% more likely to make a purchase after "liking" a brand on Facebook.
Face book marketing requires a good intellects and unique thinking to make the campaign
effective.
So what we have today!!!!
In face book marketing in fact in visual /web marketing your content speaks a loud that is
why make sure your content should be relevant to your audience and business.
Thumb rules:
● Emphasize on visualization. Rich visuals make the best content and the best
timelines. ‘Highlight’ posts to give them the full width of the Face book container.
To make it more attractive
● ‘PIN’ posts, these posts stay at the top of the feed promoting posts.
● Ensure FB apps have relevant info, your audience is looking for
● Analyze what works, and what doesn’t work:Facebook Insight. Edge Rank.Social
bakers
The very first thing in twitter marketing you need to understand and learn the twitter
terminologies well.
1.HASHTAG
A hashtag is any word beginning with the # sign. People use hashtags to organize
conversations around a specific topic. Clicking on a hashtag takes you to search results for
that term.
2. MENTION
Sometimes you want to bring a Tweet to someone’s attention, but you still want all of your
followers to see the message. So instead of a reply, use a mention. Include the @username of
whomever you want to mention in your Tweet, and it will appear in the Mentions section (in
the Connect tab). All @username mentions are clickable and link back to the mentioned
individual’s profile.
3REPLY
You can respond to a Tweet by hitting the reply button. When you reply, your response is
public, and will show up in your home timeline and the timeline of the person to whom you
are responding. The reply will also be visible in the home timelines of people who follow
both you and the person to whom you sent
the reply. Meaning, someone not in the conversation has to follow both of the people
replying to be able to read both sides of the conversation.
4.RETWEET
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You can pass along someone’s Tweet by retweetingit. Just hit the retweet button to send the
original message to all of your followers.
5 LINKS
Twitter’s link- shortening feature allows you to paste a link of any length into the Tweet box
and it will automatically be shortened to 19 characters. This makes it easier to fit long URLs
into the 140 character limit.
6. FAVOURITE
You can favouritethe tweet for future reference. This is just like an archiving something
that’s really interesting to you.
7. DM (direct message)
You can send private messages to someone, just like an email. For DM, sender and reciver
should be following each other
Thumb rules:
● Remember, you just have 140 characters to play around. Compose your message
within 120 characters or less and leave atleast20 characters so that others can re-
tweet (RT).
● Utilization of # hashtagsTweets with hash tags get twice the engagement of those
Create a list of #Hashtags relevant to your brand Build a campaign around those
#Hashtags and invite followers to re-tweet.
● Posts with images have double the engagement of those without even though users
can’t see them until they click on them. It creates an interest among the audience.
Linked in Marketing
LinkedIn is the world's largest social network for professionals. With over 161 million
registered users in more than 200 countries, more than two million companies have created
LinkedIn Company Pages to vie for their attention. If you are in B2B business this platform
is very useful for you to connect with companies directors and marketing person.
Pinterest
It is a visual discovery social network. It is a way of sharing images of anything,from
fashion to pets to pot plants. You can crete your own online pinboards to suits any theme and
share ot with likeminded people.
Pinterest completely revolves around the premise of being creative and visual. 70% users are
female and aged between 25 and 44. So if you are targeting women pinterest is the right
platform. Pinterest is now one of the top 10 social networking sites tracked by Hitwise.
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How brands can use pinterest
Pinterest does not encourage product pushing, this means brands must look at crating boards
that are culture and lifestyle related. You can create boards on trends, behind the scences,
preliminary sketches for products etc.
Instagram
Instgram, the new revolutionary photo-sharing program, making it easier that ever to share
your best pictures with the world. The social media program allow you to upload, add digital
filters, and then post your pictures on your Instagram-feed, as well as other social
networking sites. You can connect your Instgram account with Facebook, Twitter, Tumblr,
Flickr, Foursquare and your email account. This makes it easy to share your pictures on
multiple platforms all at once.
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Google +
Google has described Google+ as a "social layer" that enhances many of its online
properties, and that it is not simply a social networking website, but also an authorship tool
that associates web-content directly with its owner/author. It is the second-largest social
networking site in the world after Facebook. 540 million monthly active users are part of the
Identity service site, by interacting socially with Google+'s enhanced properties, like Gmail,
+1 button, and YouTubecomments..In October 2013, Google counted 540 million active
users who used at least one Google+ service, of which 300 million users are active in "the
stream".
Youtube
YouTube is a video Social Networking site, and the 2nd most popular search site on the
Internet after Google, who owns YouTube. YouTube video watching is a significant activity
on the Internet, with over 1 billion visits to YourTube daily and over 100 million videos
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watched daily. And it's easy for anyone who sees your video to rate it and share it with his
Social Network.
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4. MMT (Mobile Marketing)
Mobile marketing is marketing on or with a mobile device, such as a smart phone Mobile
marketing can provide customers with time and location sensitive, personalized information
that promotes goods, services and ideas.
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BUSINESS DEVELOPMENT PROCESS FLOWCHART
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COMPANY PROFILE
STORY:
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WORK FLOW
Our workflow system is highly flexible and maintains industrial standards, this facilitates
easy and cost-effective solution deliver within stipulated time duration. From requirement
analysis to development phase, everything is strategically executed. Therefore, our clients
face no challenges working with us and have a marvelous experience collaborating with us.
PROCESS STEPS
● First Contact
Placement of order, order varies depending on the requirement which is supported by
Business Development Team
● Request Analyzation
Depending upon the project, project manager communicates to the point of contact to
understand in depth about the IT infrastructure (or) and other related functionalities
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of the client's organization.
● Quality & Assurance
We crosscheck and proofread all documents and statics internally before sending
information to our clients or putting content out on the web.
● Requisites sheet
After processing the order, a project manager is assigned who will ask for pre-
requisites which again depends on the requirement and carries out the necessary
research work with our team.
● Execution
Execution of project on decided timelines is an commitment which we closely abide
with
● Reports & Deliverables
Report are generated frequently for the work carried on and shared with the client
will full disc
Our Philosophy
Do only what you love, we specialize in our domain and we strictly follow our
defined path and aim at delivering the best, so if we fit your description contact us if
not, please do contact us even then and we will be more than happy to point you in
the right direction. We believe in Innovation and creating something that will stand
out in the crowd. Employees are our biggest strength, the very heartbeat of our
organization is in our employees as they are our biggest assets. Create a healthy work
environment where everyone is heard and their ideas are welcome.
Lead by listing, Always welcome feedback and criticism.
Our Clients
Client relationship is our biggest strength, we have made it a rule in our constitution, that we
deliver what we promise on, at the stipulated time frame and never refrain from any
additional request or suggestions from our clients. Here under are some of our best assets:
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THEORETICAL FRAMEWORK:
Market research is any organized effort to gather information about target markets or
customers. It is a very important component of business strategy.
The first step of business development process is to know your target audience well before
approaching them. The main objective behind the market analysis and research of target
audience is to know their online presence and how active they are on web. Market research
also helps to estimate the online marketing opportunities of different sectors over the
periods. The intense research is required while studying the online habits of different sectors
keeping competitors in mind.
The proper market research make your task easier while talking to clients as you know about
them well in advance, which help you to answer their question. And can better explain the
clients how they can use web as a medium of approaching the customers in a short span of
time.
Market Research includes research about the different sectors.. It includes study of digital
habits of the target sector, their online presence, their online need, etc.
the second step is database creation; once the market is analyzed the database of sector is
created for a company treasure for future.
Database creation includes recording the details of the clients like company details, their
online presence, concerned person from marketing department and their contact details.
DATABASE CREATION
Sectors S.N
o
Healthcare 1
Fashion/beauty 2
Ecommerce and retail 3
IT and technology 4
Entertainment 5
Education 6
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Real estate 7
Events 8
The next step is cold calling. It includes contacting the concerned person, explaining him/her
in brief about the organization, conveying that person how digital marketing is helpful for
their organization to achieve online presence, traffic, leads and branding.
My company guide shared a call script with me and also explained me how to talk, what to
talk, the way we should talk to concern person. He also explains how to get a concern person
number (director or marketing person) from the office people.
The main objective of cold calling is to fix the maximum meetings with a concern person so
that further points can be discussed in detail with them.
Cold calling is a first interaction with a concern person and everyone knows first impression
is a last impression. He taught me the way how first impression is made.
The next step is fixing meeting, it stage little critical for a startup, convincing the clients and
ask them to meet you is biggest challenge, But that’s a feel of work. Talking to different
people of different traits was a good experience and successfully fixes the 8 meetings out of
which 3 was attended by meand 1 was converted.
Actual meeting gave you the reality check where you are when your clients know
everything, shoots the too many questions and ask you how you are better than other. At that
time you understand the difference between the dorm rooms to the boardroom.
The fifth step is proposal making once meeting is done with a concern person where the
various aspects has been discussed already, and the client requirement can known
accordingly the proposal is made for them enlisting all his requirement related to digital
marketing. Proposal includes following details:
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a) Services needed by the client. These services include SEO, SEM, SMM, ODA,
ORM, etc
b) Proper segmentation and targeting according to sector. Eg. If an MBA Education
Institute wants digital marketing services for branding, promotion and lead
generation, then our target market would be, students who have completed their
graduation and professionals with 2-3 years of experience who can opt for Executive
MBA.
c) Detailed explanation of how we will be providing them each service.
d) It also includes the pricing details of the services.
The final stage is project closure; if all the stage works that means you are close to crack the
deal. Once the deal is cracked the further decision are taken like, preparing the strategies for
the same as per the clients requirement or the digital marketing channels choose by him/her.
Company make an roadmap or a weekly /monthly plans of the each channel separately and
get the approval from the client to execute the plan and once it approved the plan actually
come into an action.
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DATA ANALYSIS AND INTERPRETATION :
Q.1 What category best describes the goods/services that your organisation markets?
Others 15 26.5%
Base:57
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Q2. Approximately what amount of your marketing budget is currently being spent online?
Amount Observations percentage
None 6 10%
¼- ½ 12 22%
½-3/4 7 12%
Base =
57
8% 10% None
12% Less than
1/4
1/4 - 1/2
22%
48% 1/2 - 3/4
More than
3/4
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Q3. Which of the following online marketing advertising formats do you use?
Mobile 16 29%
Audio 10 18%
Video 25 44%
Games 3 6%
online PR 22 38%
Others 2 4%
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0% 20% 40% 60%
Mobile 29%
Video 44%
Games 6%
Online PR 38%
Other 4%
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Q4 your top reasons for using online marketing: rate each of the following in terms of
importance
Customer engagement
37
Selling directly online
Targeted/segmented
38
0%
100%
10%
20%
30%
40%
50%
60%
70%
80%
90%
Customer engagement
3%
23%
74%
Value for money
5%
32%
63%
More measurable than
other forms
11%
36%
53%
Capturing customer
information
13%
47%
40%
Creating a more
international presence
44%
28%
28%
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Selling directly online
50%
26%
24%
updates)
Targeted / segmented
12%
36%
52%
Not 37%
Very
important
important
Important
Q5. Do you currently get a more accountable return on investment ( ROI) from your online
marketing and media activity than your more traditional marketing tools?
options number percentage
Yes 33 59%
No 10 18%
Don’t know 14 24%
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Q6.Which of the following social media sites is your company using for
marketing/communications purposes?
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Q7.What do you use social media sites for?
reason observation Percentage
Building relationship 49 86%
with audiences
Listening and monitoring 38 67%
Commenting on topic of 28 49%
relevance
gathering information 23 41%
about customers
Building brand awareness 47 82%
Others 3 5%
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Q8. How long have you been using social media in a business context?
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Q9. Please rate the following statements on social media
Social media allows me to understand my audience better
Option Observation Percentage
Neutral 43 75%
Disagree 2 3%
agree 12 22%
The use of social media as a communications tool has resulted in cost saving for my
business
Option Observation Percentage
Neutral 31 54%
Disagree 7 13%
agree 19 33%
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Q10.Social media can have its downsides.Please rate the following statements based on your
experience of social media.
I’m concerned about my company’s reputation being damaged on social media sites
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FINDINGS AND SUGGESTIONS
FINDINGS
Digital marketing is the emerging trend of marketing techniques
It is an efficient way of reaching the audience in the present digital era
Search engine ,marketing, search engine optimization and social media
marketing are the most commonly preferred forms of digital marketing
At least 1/4th percent of marketing budget is spent online
The survey revealed that 63% of the respondents preferred blogs/social
networking platform to advertise
74% of the respondents considered digital marketing as an important tool for
customer engagement
63% of them considered online marketing as value for money
53% of them considered it as an efficient tool to optimize research.
53% of them considered digital marketing as more measurable form
59% of them considered online marketing has resulted in more return on
investment than the traditional marketing.
70% of the respondents use facebook as social media marketing instrument
followed by linkedIn and twitter at 61%.
86% of the respondents have stated that they use social meda inorder to build
relationship with the audience and 82% of them use for brand awareness.
Majority of the respondents have voted neutral for the downsides of online
marketing as any process involves risk when it comes to business.
SUGGESTIONS;
Digital marketing is an efficient tool for marketing,brand awareness, to
maintain customer relationships. However it requires careful handling.
It requires training and knowledge of addwords, analytics, drip marketing
etc.
The usage of digital marketing is dependent on the target audience of the
company and hence must be planned as per the business requirements.
Digital marketing is an essential tool for customer engagement indicating
that majority of the customers show an interest on online promotions.
B2B services are the most preferred type of business whose growth can be
improved by making use of online marketing.
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CONCLUSION
The rapid growth of Digital Marketing Industry is a direct consequence of the global
phenomenon that is the Internet, and effectiveness of Digital Marketing channels in
generating revenue and awareness. Compared to traditional methods of advertising, Digital
Marketing offers rather realistic costs (particularly important for small- and medium-size
businesses and start-ups), accurate targeting and excellent reporting.
Digital marketing is the new era in marketing which helps the company grows to a wider
extent in the present 21st century or the era of digitalization.
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ANNEXURE
Bibliography
● www.shootorder.com
● http://shodhganga.inflibnet.ac.in/bitstream/10603/1994/11/11_chapter%203.pdf
● https://www.theseus.fi/bitstream/handle/.../Narkiniemi_Johanna.pdf?...1
● www.kln.ac.lk/fcms/ICBI2011/ICBI%20CD/.../Papers/ICT%20201.pdf
● http://offers.hubspot.com/facebook-for-business
● http://idagram.wordpress.com/2012/12/18/introduction-to-instagram/
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QUESTIONNAIRE
Q.1 What category best describes the goods/services that your organisation markets?
f) others
Q2. Approximately what amount of your marketing budget is currently being spent online?
a) None
b) Less than ¼
c) ¼-1/2
d) ½-3/4
Q3. Which of the following online marketing adverising formats do you use?
a) Mobile
b) Video
c) Blogs/social networking
d) E-mail campaigns
e) Online
f) Search engine
g) Virtual marketing
h) others
Q4 your top reasons for using online marketing. Rate each of the following in terms of
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importance.
a)very important b)important c) not important
Customer engagement-
Value for money-
More measurable than other forms-
Capturing customer information-
Creating a more international presence-
Selling directly online-
Other marketing goals-
Target/segmented-
To optimize your search-
Q5. Do you currently get a more accountable return on investment ( ROI) from your online
marketing and media activity than your more traditional marketing tools?
a) Yes
b) No
c) Don’t know
Q6.Which of the following social media sites is your company using for
marketing/communications purposes?
a) Facebook
b) linkedIn
c) twitter
d) you tube
e) don’t use social media
f) other
Q7.What do you use social media sites for?
a) Building relationship with others
b) Listening and monitoring
c) Commenting on topics of relevance
d) Gathering information about customers
e) Building brand awareness
f) others
Q8. How long have you been using social media in a business context?
a) Less than six months
b) Six mnths- 1 year
c) 1-2 years
d) 2-4 years
e) More than 4 years
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