The change that online marketing tools and the Internet bring to the marketplace is the transition of marketing functions from a mass-market model to one that thrives on interactive personalization of services and interactions. Aligning marketing operations and capturing the opportunities offered by this change in paradigms is the key to successful online marketing.
The Three Opportunities of Online Marketing
The three main opportunities of online marketing are:
- Opportunity for cost-effective delivery of information
- Opportunity for building relationships
- Opportunity to use online marketing as a new channel that allows the elimination of intermediaries
How to Solve the Riddle of Online Marketing
To cash in on the opportunities of online marketing, one needs to build an approach that revolves around five core elements that are the essential factors of success in online marketing:
- Attracting users ethically
- Engaging the interest of the user and enhancing user participation
- Ensuring the return of a user to the online application and thus retaining the user
- Learning about user preferences and aligning the marketing model on feedbacks
- Relating to users through customized interactions
The second challenge is to engage the visitor who has fortunately deigned to respond to your efforts of attracting visitors. Most online marketing falls short here. Either the content is poor or the application and graphics are confusing or time-consuming. The ways to overcome this challenge lie in the creative programming and valued content.
The third challenge is to retain, and here marketers need to fully recognize that online marketing is not a one-shot wonder, but it requires continuously committed resources. Consumers may visit out of curiosity but will not return unless there is a reason. At the very minimum, this implies continual renewal of content and content categories that clearly imply that they change periodically.
The fourth challenge with successful online marketing is to overcome the challenge of learning about consumer preferences. Interactive media offers unlimited opportunities to learn about the consumer. Judicious use of applications that both attract and engage the consumer need to be created to tackle this problem.
The fifth challenge with online marketing is in creating value by relating to the consumer. Interactive media provides ample opportunities to relate to the customer, but such opportunities are mostly neglected. Relating requires marketers to break their mental barriers and to consider how to make online marketing an integral part of the business system. To really relate to the consumer, the marketer must constantly enhance the value proposition placed before the consumer, and this is the only strategy that allows the marketer to earn the right to online relationships.
Online marketing today requires significant and profound changes to the marketing organization. The target is to develop online marketing systems supported by dedicated experts revolving around the principles that guide successful online marketing and to link online initiatives with the core business in a profitable manner. A lot of developments in online marketing trends today happen outside the organization, and the marketing system has to pick up such developments and align them in order to achieve results.