E Marketing – Why Your IT Solution Is Incomplete Without It

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    E Marketing – Why Your IT Solution Is Incomplete Without It - Presentation Transcript

    1. TheBoardRoomAdvosrs, LLC TPacileo@TheBoardRoomAdvisors.com eMarketing – Why Your IT Solution Is Incomplete Without It From an overall perspective one traditionally looks at marketing products and services with a focuses on the four P’s of marketing: product, pricing, promotion, and placement. Traditional marketing plans identify the product or service features that satisfy the wants and needs of consumers, as well as the right price, the method of promotion, and the merchandizing or distribution of the product or service. As a result, many companies focus their marketing energy and time around promotional activities including advertising, special events, publicity, and brand awareness. However, in today’s world, marketing managers need to have Web 2.0 strategies and techniques as part of their integrated marketing plans as discusses in our social networking white paper “Social Networking Needs to Be Part of Your Business Strategy” and as shown in the following growth projections. In this piece, our focus is not on the marketing aspects per se but more on the mechanics and IT strategy, that affects ones overall business and IT environment. Web 2.0 technologies are a disruptive force that are rapidly changing the way that messages about Date: July 29, 2009 1 Copyright © 2009, The BoardRoomAdvisors, LLC
    2. TheBoardRoomAdvosrs, LLC TPacileo@TheBoardRoomAdvisors.com products and services are delivered and received. The rise of social media via Web 2.0 is a dramatic change for marketing just as the printing press was for communications. As the printing press technology changed how we communicated, so has social networking (Web 2.0) with its new set of tools and services. In the previous Web 1.0 world, we viewed Internet marketing just like other marketing channels, which were very highly controlled one-way messages. We designed a marketing plan, targeted our audience, and choose the traditionally appropriate vehicles to get our message out. This was usually comprised of print ads, radio and TV spots, banners, posters, newsletters, and direct mail with the addition of Internet banner ads, text ads, and online press kits. With Web 2.0, where we no longer control the message, we now need to consider not only the new means of reaching our online audience, but also connecting via the social media sites. Many organizations have started with Weblogs, others are dabbling with wikis, podcasts, video casting, and still other are creating profiles in MySpace, Facebook, and Twitter as examples. The very nature of social media is profoundly different from the standard channels previously mention. Web 2.0 channels are better seen as marketing “engines” that can energize and add power to your message and spread it in a viral fashion. “Word-of-mouth” marketing is amplified online where it’s easy to pass on a message to hundreds of contacts and friends around the world in a fraction of a second. Its this change that is requiring almost all organizations to incorporate eMarketing into their overall strategy as well as invest in a new set of tools and technology in their IT environments. These new tools need to be invested in to better manage and monitor the Web 2.0 solution and the overall marketing strategy. Tools such as Eloqua, Omniture, Google Analytics, WebTrends Inc., Arketo, Pardot, HubSpot, SilverPOP, and eTrigue to name a few have only been in the marketplace a few years and are rapidly being integrated into most organizations marketing solutions. However, the tools are just part of the solution, as they need to integrated with the overall business and IT strategy. One of the key benefits of Web 2.0 is the immediate feedback received from the marketing efforts that in many cases is achieved in real time. For example, if one were to send out a 5,000-piece email campaign, within minutes of being sent out, results data is received back into the organization. Information such as who opened the email, what did they read, how long did they stay on the site, did they view the video, view other links, forward it on to other associates, request more information, etc. If someone viewed your website these new tools can tell, in real time, Date: July 29, 2009 2 Copyright © 2009, The BoardRoomAdvisors, LLC
    3. TheBoardRoomAdvosrs, LLC TPacileo@TheBoardRoomAdvisors.com what they are looking at, which pages they viewed, how long they stayed on, if they purchased a product or service, what they paid, if they left and came back, etc. As a result of these new and wonderful tools we are now able to obtain the results of our marketing campaigns, web site interactions, social networking communications, etc all in real time to determine if our marketing efforts are working and if we are achieving the ROI we predicted. Additionally as we are now collecting a tremendous amount of data that needs to be managed and maintained we also need to have a reliable, scable and agile infrastructure environment to support the new marketing solutions. Changes in IT would require an integrated data warehouse solution, servers that can scale up and down based on demand, adequate and robust communication links for video casting and high user demand as well as reliable and robust failover solutions. If managed properly many of these new initiatives can be self-funding due to their very cost effective approach in obtaining and retaining customers. In summation, today’s organizations need to: • Change
their
marketing
strategy
to
an
eMarketing
strategy
which
incorporate
Web
2.0
solutions
 • Invest
 in
 the
 tools
 and
 solutions
 for
 effectively
 managing
 and
 monitoring
 their
 eMarketing
 solution
 • Ensure
their
IT
solution
is
reliable
scable
and
agile
to
meet
the
new
demands
of
eMarketing.
 Date: July 29, 2009 3 Copyright © 2009, The BoardRoomAdvisors, LLC

    + Tim PacileoTim Pacileo, 5 months ago

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