Internet Marketing and its Merits
Due to the industrial revolution that
took place in the 1800s, every company that began to mass produce also needed a
form of advertisement to sell their products to the public and promote new
products. This gave shape to the very early idea or publications in posters
thus giving birth to marketing. The early day marketing mainly comprised of
hired porters advertising the product locally, retailers selling the products
and posters and advertisements in the papers informing the public about such a
product. Due to lack of technology and absence of speedy communication,
marketing too was limited to major cities in the locality.
The beginning of the modern day
market
The turn of the century also saw a
radical shift in lifestyle as new technology was born and faster modes of
communication were established. With an improved network of communication, the
process of marketing also evolved trying to reach out to more people to boost
sales. However, the traditional ways of marketing change radically with the
introduction of the internet globally. The companies immediately saw the
opportunity this created and rushed into it giving rise to a globalized market
and internet marketing
As Tanner Vaughn rightfully noted,
the present scenario of a globally connected world caused a massive leap
from the previous generation of marketing that the companies themselves were
unprepared for. The large-scale users of the internet created a massive
sell-out of products and services causing a severe shortage in production
initially. Due to a boost in users of the internet, the IT industry also grew
exponentially, and a free global market space was created. This provided
opportunities for not only the large-scale producers but also small-scale
business and proprietors who started to utilize this now popular source of
marketing.
Effects of internet marketing
According to Tanner Vaughn, this
radically changed market now provided not only opportunities to the small-scale
proprietors and large corporations alike but also created an open and free
market with low costs and high efficiency. This not only provided the consumers
with a plethora of options but also could offer products and services at a
cheap and competitive rate due to mitigated costs. The result of such
advancement was profound and had an equally significant impact on society and
the economy alike. Global shipping of products at an affordable rate became a
reality, and the spreading of technological consciousness also impacted our
lifestyle much.
The items that were being offered now
became less expensive due to the elimination of the middleman and products
began to be shipped globally with significantly low rates. Introduction of the
process like E-mail marketing, search engine optimization, social network
promotion considerably boosted sales via a direct link with customers. The
internet marketing generally ran on software and therefore was active 24/7 for
seven days a week without break generating customers all around the year. The
modes of online payment also eased the burden of handling cash credits by
making and receiving payments instantaneously. The large-scale marketing that
took place also gave a global recognition to the brand thus boosting the
credibility of the product. All these factors combined made enormous leaps in
both distributions of products globally and created a lifestyle that we enjoy today.
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