Being flexible, measurable, effective and results-driven, Internet marketing offers companies a competitive business advantage that can be customized for almost any specific market, product or service. Many small and medium-size companies are focusing on digital marketing as a powerful tool to reduce costs, save time and effort whilst boosting sales and lead generation. To find out what strategies and tactics can be implemented for your unique business, please get in contact with FirstPage Marketing so we can help you take advantage of the many benefits of Internet marketing.
For businesses to do market research it would be cheaper for them to use internet marketing and as it is cost effective the business will be able to invest more money. Market research is very important for businesses to use. Market research is when a business gathers information from their customers. The business will find out facts like what people buy, what they want, what they think and how they can improve and develop the service they are providing. At ASOS to gain this information they have online surveys and they also email customers to ask them about their opinions, this is much cheaper and easier to complete in comparison to traditional market research. They also have blogs and forums where customers are able to give their feedback and suggestions; this therefore means that ASOS can get a wider range of opinions and find methods of improvements. With cheaper market research it will mean that the business will be able to invest money into developing and expanding the business and by doing this it will gain customer satisfaction. Below is an print screen of the ASOS life website this is where the customers are able to communicate with each other and also with the business. It is an open conversation where anyone can join and leave their feedback. This is one of the sources of market research that the business will use as the customers will leave suggestions of new market sectors that the business can invest into and the customers can leave feedback of the faults that they have found within the business and they can find ways of improving this so it will allow them to provide better customer service.
Social media has been one of the fastest growing digital marketing channels for years now and continues to play a major role in brand development and customer acquisition and engagement. Social media now is a critical element to effective content marketing and search engine optimization strategies. These marketing strategies simply can’t exist well without one another.