Marketing on the internet Essay Example | Topics and Well Written Essays - 1500 words

Marketing on the internet - Essay Example amazon.com achieve off as an online bookstore. However they soon diversified their portfolio and ventured into selling DVDS, CDs, and MP3 downloads softwares, games, electronics, food, toys, furniture and apparel. They started spreading out from United States and established bases in Canada, the United Kingdom, Germany, France, lacquer and China. Amazons target audience Amazon has segmented its target market on the basis of various variables. Their target market is segmented on the basis of demographic, geographic, and psychographic variables. Demographically talking, Amazon attracts customers who have constant access to the internet. In a recent survey conducted by Cyber Atlas, 55% men and 49% women amongst the internet exploitation population admitted that Amazon.com is their favourite site for shopping. (CyberAtlas 2001)Geographically speaking, Amazon.com is most widely used in the United States and everywhere else in the world where t here is Internet access. At the min 29 million people in 160 countries are using the site. Amazon provides its customers with an engaging and a satisfying experience on their site. This ensures that the customers return to their site. It work on building customer loyalty by enabling features like personal customization of the web page for each of its customers. Amazons business strategies Amazon built its competitive edge on three core strategies. These were 1. Cost Leadership 2. Customer differentiation 3. Focus Under its cost leadership system Amazon has stood out by offering rock-bottom prices. It provides good quality products at low prices. Its prices cant be matched by its competitors. This makes it an obvious extract for customers. Under the second strategy, Amazon offers current and prospective customers differentiation via convenience. It is one of the largest e-stores at the moment. Its product assortment is huge. It capitalizes on its huge product assortment, fast and cost-efficient delivery and efficient go. It has centralizeed on 4 primary areas for its focus strategy. These include the 1. Product focus. 2. Customer focus 3. Technology focus 4. Distribution focus As mentioned before, Amazon has a huge product assortment. Its product assortment has always attracted customers. Technology has always been central to Amazons business. It is an e-commerce business, a virtual(prenominal) market place, where every transaction is done online. Amazons E-marketing Strategy Goal and Objectives In 2008 Amazons vision was defined and re-phrased to mark plump out focus on customer experience. It said relently focus on customer experience by offering our customers low prices, convenience and a wide pick of merchandise. The vision was to offer the Earths biggest consortium of products and to be the most customer centric company. This was Amazons core marketing message and it communicated its online tax proposition both onsite and offsite. (Chaffey) Amazo n ensured that it offered lowest prices for most of the popular products that it was offering. However it also included less popular products that commanded high prices in the market. As a result it was able to squeeze margins for itself. Amazons primary objective was to be customer friendly and offer convenience to its customer. This was why it started offering free-shipping services soon. Another core objective at Amazon has been the fulfillment of promises and ensuring that customers are well-communicated and well-informed. Amazon did