Online Marketing and Electronic Commerce

Online Marketing and Electronic Commerce

The most recent and fastest­growing form of direct marketing involves online channels and electronic commerce. We discuss these channels in detail in the next section.

online marketing (inline marketing is conducted through interactive online computer systems, A farm of direct

which link consumers with sellers electronically. A modem connects the marketing conducted

consumers computer or TV set­top 'Web machine' with various services through through interactive on­

telephone lines. There are two types of online marketing channel: commercial line compute!' services,

online services and the Internet

t&hich provide iwo­'way systems that link

Commercial online services offer online information and marketing services crmsimners with sellers

to Subscribers who pay a monthly fee. The best­known online services are electronically.

America Online, CompuServe and Prodigy, with more than 8,000,000, 2,500,000 aad 1,000,000 subscribers respectively, 39 These online services provide

commercial online subscribers with information (news, libraries, education, travel, sports, refer­ services

ence), entertainment (fun and games), shopping services, dialogue opportunities Companies that offer

(bulletin boards, forums, chat boxes) and e­mail. With a few clicks of the mouse online information,

button at their home PCs, subscribers can order thousands of products and entertainment, shopping

services electronically from dozens of major stores and catalogues. They can also and other marketing

do their banking with local banks: buy and sell investments through discount services to subscribers

brokerage services; book airline, hotel and car­rental reservations; play games, •M.­/W pay the company a

quizzes and contests; check Consumer Reports ratings of various products; monthly fee. They make

use of their own receive the latest sports scores and statistics; obtain weather forecasts; and

dedicated networks and exchange e­mail messages with other subscribers around the country.

operate their own After growing rapidly through the mid­1990s, the commercial online services computers whiah ore

are now being overtaken by the Internet as the primary online marketing connected to the

channel. In fact, all of the online service firms now offer Internet access as a Internet, thus offering

primary service. The Internet is a vast and burgeoning global web of computer somevohat better security

networks. It was created by the US Defense Department during the 1960s, than the Internet.

initially to link government labs, contractors and military installations. Today, this huge, public computer network links computer users of all types all around the world. Anyone with a PC, a modem and the right software can browse the

Internet to obtain or share information on almost any subject and to interact with

other users, 20

Forms of Direct Marketing • 965

Internet usage has surged with the recent development of the user­friendly World Wide Web World Wide Well access standard and Web browser software sueh as Netscape

(WWW or the Web) Navigator, Microsoft Internet Explorer and Mosaic. Now, even novices can surf the

A pan of [he internet Net with fully integrated text, graphics, images and sound. Users can send e­mail,

that uses a standard exchange views, shop for produces, and access news, food recipes, art and busi­

computer language to ness information. The Internet itself is free, although individual users must

allow documents

usually pay a commercial access provider to be hooked up to it. containing text, images,

sound and video to be sciif across the Internet.

Rapid Growth of Online Marketing

In recent years, several large Internet marketing systems have failed because of a lack ol' subscribers or coo little use, or because consumers found the buying

procedures baffling and returned to the familiarity of conventional buying chan­ nels. The online information and shopping services industry has its roots in the United States. Although still in their infancy, Internet usage and online marketing are growing explosively. According to a recent study, 23 per cent of people 16 or older in the United States and Canada ­ more than 50 million people ­ have used

the Internet in the last month, up from just 1 million people in late 1994, An ad­ ditional 12 per cent of adults use commercial online services such as America Online and CompuServe. Currently, there are some 105 million Internet users globally. Figure 22.1 shows Internet usage (users as a percentage of population)

for the top ten countries in the world. Internet usage is estimated to be increasing at a rate of 12,000 new users per day, and some analysts predict that there will be more than a billion users, with Internet transactions totalling 850 billion, by the year 2000.

Although most of the world's online marketing takes place in the United States and the Internet is still some way from becoming a major promotion

medium, European marketers can no longer ignore the technology, 31 There may

now be as many as 4 to 6 million Web sites worldwide, and this number is growing

by as many as 400 new sites each week. 22 Figure 22.2 shows that Internet users go

online for a number of reasons, ranging from browsing, work and education to entertainment, and not just for buying things. In time, the biggest opportunity will

Figure 22.2

Main Uses of the Internet

he for sales or service delivery across national borders. For example. 27 per cent

df the sales of the US Internet bookshop Amazon.com are abroad, frequently to customers who would otherwise be unable to find the book they were looking for." Virgin Radio, which launched Europe's first online radio station, offers a live

audio­feed direct to the computers of Internet users visiting the radio station's Web site. The service (www.virginradio.eo.uk) is a live relay of Virgin via the Internet, which can be accessed from anywhere in the world. It uses state­of­the­

art RealAudio software, which allows the users to download free from the Virgin Radio site. Rut instead of downloading (he file to the computer and then replaying it, using RealAudio allows them to hear the material played to them direct over the Net. 24

Just as television hurst on to the media scene and dramatically revolutionized marketing 40 years ago, so the explosion of Internet usage heralds the dawning of electronic commerce

a new world of electronic commerce. Electronic commerce is the general term for A general term for a

a buying and selling process that is supported by electronic means. Electronic buying and setting

markets are 'market spaces' in which sellers offer their products and services process that is

electronically, and buyers search for information, Identify what they want and supported by electronic

place orders using a credit card or other means of electronic payment. For means. example, a reporter wants to buy a 35 mm camera. She turns on her computer,

logs on to the Shopper's Advantage Web site, clicks on cameras, then clicks on 35 mm cameras. A list of all the major brands appears, along with information about eaeh brand. She can retrieve a photo of each camera and reviews by experts. Finding the camera she wants, she places an order by typing in her credit card number, address and preferred shipping mode.

The electronic commerce explosion is all around us, as more and more busi­ nesses begin to recognize the vast potential of electronic technology (sec Marketing Highlight 22.2). A recent study found that 39 per cent of all Net users have searched for product information online prior to making a purchase. Fifteen per cent of Net users have purchased a product or service online, and the percentage is growing daily. Early attempts to develop online shopping and elec­

tronic shopping malls had been held hack by consumers' concerns about security, fraud and missing or damaged products. But consumer confidence is expected to grow, as improvements in technologies, standards and services are being achieved to make online transactions a mainstav of twentv­first centurv commerce. 25

Forms of Direct Marketing • 967

Figure 22.3

Demographics of Internet Users

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