Question

In: Economics

The Internet, social networks, Internet marketing, and digital tracking systems that allow targeted marketing to individuals...

The Internet, social networks, Internet marketing, and digital tracking systems that allow targeted marketing to individuals have changed and continue to change the landscape of markets. What do you believe is the most significant means by which digital marketing has influenced the landscape of the marketing world? Why do you believe this? Why would digital marketing be impeded without this influence? Support your position.

Solutions

Expert Solution

The most significant mean used by digital marketing is its ability to cross the boundaries of the nations and reach out the specific target audience in different parts of the world. It increased the reach of the marketing and marketers could influence the customers and convince them to buy the products and make companies to earn more revenues. The second significant mean is the serving customized content to different targeted audience so that effective of marketing has increased and it has given the concept of hyper local marketing as well as localized marketing. It has made digital marketing to change the marketing landscape and marketers of big companies or smaller companies are using it frequently to benefit the companies and customers both.

I believe because it is very important for the marketer to serve what is demanded by the customers. For this, it is very important to give customized communication to make the perfect fit for the customers. Further, customers are present in different markets for the same product, and it is important to reach out to these people. It is facilitated by digital marketing so I believe in this way.

If not done this way, digital marketing will lose the edge and it will become more similar to the traditional marketing. So, inability of the digital marketing not serving localized content and not reaching out to the target audience in different parts of the world.

To justify my argument, it can be observed that Facebook has over 2.5 Billion active users and Facebook earned over $69 Billion in 2019, in marketing activities that is the part of digital marketing under social media marketing segment. It is due to the reason that marketers are targeting customers in different markets. On a similar note, it is Google Ads revenue that earned over $134 billion in 2019 that serves the best digital marketing in the way of using localized as well as targeted marketing to reach out to the different parts of the world. So, it justifies the argument.


Related Solutions

Digital tracking systems are currently legal. Should they remain so? Why or why not? Are digital...
Digital tracking systems are currently legal. Should they remain so? Why or why not? Are digital tracking systems ethical? Why or why not?
What are some benefits of Marketing with Social Networks?
What are some benefits of Marketing with Social Networks?
describe ways that social "networks" and social "support" systems can change with age
describe ways that social "networks" and social "support" systems can change with age
Consumer Behavior What social networks are you a part of? Does social media marketing have an...
Consumer Behavior What social networks are you a part of? Does social media marketing have an influence on you? Give an example
When comparing how “social networks” and “social support systems” and how they can change as we...
When comparing how “social networks” and “social support systems” and how they can change as we get older, how would you describe what can happen to each one (in terms of size and members)?
Part III -- Linking Social Media to Other Communications and Marketing Part IV -- Tracking and...
Part III -- Linking Social Media to Other Communications and Marketing Part IV -- Tracking and Monitoring Social Media Activities    For the checkpoint this week, you will be completing TWO sections Part III and Part IV. For Part III, you will make suggestions to a business on how to link social media to communications and marketing. For Part IV, you will be making suggestions to a business on how they should track and monitor their social media activities and their...
Social networks have become popular media among individuals of all ages to stay connected with friends,...
Social networks have become popular media among individuals of all ages to stay connected with friends, family, colleagues and coworkers. However, many users are unaware of the dangers of sharing vast amount of personal information on social networks. How can social networking be used to facilitate social engineering attacks? What can individuals and organizations do to secure personal and proprietary information from these attacks?
A marketing firm claims the proportion of people who use social networks every day is different...
A marketing firm claims the proportion of people who use social networks every day is different for people with no college than for people who are college graduates. To test the claim they conduct surveys of both groups asking “Do you use a social network like Facebook or Instagram every day?”, the results appear below. No College: X1 = 55 n1 = 83 College Graduates: X2 = 74    n2 = 97 a) Identify the Null and Alternative Hypotheses for...
Operating systems come packaged with many digital certificates from certificate authorities (CAs). Use the Internet to...
Operating systems come packaged with many digital certificates from certificate authorities (CAs). Use the Internet to determine how to view the CAs for the type and version of operating system that you are using and view the list. How many have you heard of? How many are unknown? Select three of the publishers and research their organizations on the Internet. Write a one-paragraph summary of each CA.
After reviewing the resources on Dunkin Donuts and its marketing across digital channels (social media, websites,...
After reviewing the resources on Dunkin Donuts and its marketing across digital channels (social media, websites, email, apps, etc.), choose a brand that you are loyal to and analyze its use of digital platforms, including email marketing, mobile apps, and social media. What do you find most effective in reaching you as a consumer? What is least effective? Why do you think this is the case? Has it ever felt as though a business was treating you as a consumer?...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT