Monday 19 February 2018

compitative advantage

By using Internet platforms, businesses can create competitive advantage through various means.To reach the maximum potential of digital marketing, firms use social media as its main tool to create a channel of information.Through this a business can create a system in which they are able to pinpoint behavioral patterns of clients and feedback on their needs.This means of content has shown to have a larger impingement on those who have a long-standing relationship with the firm and with consumers who are relatively active social media users.Relative to this, creating a social media page will further increase relation quality between new consumers and existing consumers as well as consistent brand reinforcement therefore improving brand awareness resulting in a possible rise for consumers up the Brand Awareness Pyramid.


Although there may be inconstancy with product images,maintaining a successful social media presence requires a business to be consistent in interactions through creating a two way feed of information, firms consider their content based on the feedback received through this channel, this is a result of the environment being dynamic due to the global nature of the internet.Effective use of digital marketing can result in relatively lowered costs in relation to traditional means of marketing,Lowered external service costs, advertising costs, promotion costs, processing costs, interface design costs and control costs.

1 comment:

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    Regards


    Anurag

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