The Houston Chronicle explains that the benefits of e-marketing or Internet marketing include convenience, increased reach, personalization, improved customer relationships, lowered marketing costs and an established social presence online. IMSolutions lists some of the disadvantages, including increased competition, a lack of personal interaction and constantly changing technology.Know More
IMSolutions compares and contrasts the advantages and disadvantages of using Internet marketing, with each side boiling down primarily to price and effectiveness. An article on its website points out that Internet marketing is not only more affordable than traditional forms of marketing, but it allows marketers to focus their efforts on highly targeted audiences who are more predisposed to be interested in their products.
While traditional marketing casts a wide net in hopes that some will buy a product, Internet marketing goes directly for consumers who are already looking to buy. Traffic reminds marketers that, although e-marketing is very low risk, it is also far more competitive thanks to globalization. Because so many marketers are online, the increased competition results in a significantly lower profit margin for all products sold. Traffic also notes that security and privacy issues can be an issue for online marketers, which may lead to consumer trust issues for e-commerce sites.Learn more about Marketing & Sales
One of the advantages of quota sampling is it helps create an accurate sample of the population when a probability sample cannot be obtained. Also, since quota sampling does not need a sampling frame or spelling techniques, it is easier and quicker to perform. A disadvantage is that it is difficult to see potential sampling errors.Full Answer >
Advantages of price discrimination include higher revenue, which in turn lets companies offering products invest in more research and development, ultimately improving their services, while disadvantages include limited consumer surplus and higher prices for many consumers.
Price discrimination refers to a pricing and retail tactic where companies charge consumers different prices for the same products depending on regional economic circumstances. This discrimination occurs in many settings, including electrical companies charging different rates for on-peak and off-peak hours and organizations offering discounted tickets for students and seniors.Full Answer >
Market segmentation allows a company to target its products or services to a specific group of consumers, thus avoiding the cost of advertising and distributing to a mass market. A disadvantage of segmentation is that it sacrifices economies of scale in production, distribution and communication, according to NetMBA. Segmentation is effective for small businesses that match marketing strategies with core customers, according to the Houston Chronicle.Full Answer >
Sponsorship can be a positive way to promote a business and help local causes, but there is the risk that the sponsored party may do something the sponsoring business does not approve of. Businesses can sponsor sports teams, youth clubs, theater productions, and other public activities.Full Answer >