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11.03.08 Class notes

11/03/08
Election ($1 billion spent)
Interesting statistics:
-Incoming freshman 24% check facebook 17(or more) times a day
-1 in 8 people meet their spouse online(2006)
Companies want to build relationships with customers because then they can successfully create a bond and connection with their customers. Customers will have the urge to return and essentially become a loyal customer. There [...]

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10.29.08 Class notes

Advertising Playbook
Market space matrix: product, price, community, and distribution… when to get information about customers and create trend to serve ad most appropriately when needed (Opportunity of engagement)
Ad-driven by permission base: people can choose to opt in to certain offers. This empowers customers and advertisements become as services
Today’s internet targeting ½ goes to waste. Internet [...]

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10.14.08

Triggered based email
Reoccurring emails sent: ex. renewals, credit cards,
Abandoned shopping carts: sends reminders and promotion about  productsà time and interest
Polo Ralph Lauren 30% off sale shows the importance of time sensitivity and how it encourages customer purchase. Customers who see the ad will feel the urge to go and purchase their products right away [...]

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10.06.08 Monday class

Current events: Ebay has this new feature called bill me later, which is good for both the customers and ebay. Customers don’t need to pay right away and ebay benifits because it can receive interest charged on the debt of their customers. This new function is extremely profitable for ebay since it’s getting extra money [...]

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9.24.08’s class notes and Chapter 7

Chapter 7: Customer Acquisition: Search, E-mail, and Other Marketing Tools

Market Research and database
7c’s
Fitàhow each one works together with another and its consistency
Reinforcementà how does one work into another
News: Google and T-mobile are working together
Human screen interface
Ben & Jerry’s: cheaper and quicker to get things done… greater experimentation
Ivillage site: value proposition: sense of community, information [...]

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9.22.08’s class notes and Chapter 5

Chapter 5: Understanding the Internet Consumer
Sports website… shows the same content… why is that? Because it’s economic efficient. Companies only need to give one kind of information for all consumers, if they buy it then they leave happy, for those who do a little comparison they will realize that most sports websites are similar.
More bandwidth [...]

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9.17.08’s class notes and Chapter 4

Chapter 4: The Direct Response and Database Foundations of Internet Marketing
 
Motion pictures… how much does companies spend on advertising? About 30 to 40 million and less than 5% are spent online. Why is that? Well, online advertising is effieicnt; it can reach to more audience by showing trailers and previews, and is also cheaper than [...]

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9.08.08’s class notes and Chapter 2

9-08-08/Chapter 2: Internet Value Chain 

Strategic Drivers of the internet economy:
1)        Information gives greatest value added (where + how)
2)        Distance doesn’t matter (have access to internet everywhere)
3)        Speed is the essences (supply chain + process)
4)        People are the key assets (more knowledge shared)
5)        Growth is accelerated by the network 
         (more people more valuable-ex. form communities)
6)        marketers can [...]

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9.03.08’s class notes and Chapter 1

 
9-03-08/Chapter 1: Beginnings of Internet Marketing
 
Google, a popular search engine today is changing the way people think and use the internet. According to the textbook, internet was actually invented as a government’s defense mechanism and was used for technology research at that time. After years and years of studies and improvement, the internet now can [...]

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