Benefits Of Internet Marketing
Benefits of Internet Marketing
The internet has become very significant now because it is a major form of communication and information dispersion tool in an organization. It gives a better corporate image while at the same time it can be used as a marketing tool. As a marketing tool, internet gives wide coverage to reach potential client, better and quick information gathering and probably the cheapest way to sell their product. Highlighted below are some of the benefits of internet marketing.
1) Market penetrationInternet can be used to sell more existing product into existing markets via internet advertising, increase awareness of products and the profile of the company.
2) Market DevelopmentIn regard to market development, internet is used to sell into new markets. Thus taking advantage of low cost of advertising internationally, it will benefit unnecessary expenses such as supporting sales infrastructure in the customers’ country.
3) Product DevelopmentNew products or services can be developed in order to be delivered by the internet. In other words develop information about the product and make it available for sale using electronic commerce.
4) Diversificationin regard to diversification, variety of new products are developed which are sold into new markets without extra costs