Bhumika Minor Project
Bhumika Minor Project
(2022-2023)
SUBMITTED BY:
BHUMIKA GANOTRA
00121001921
It has been a great challenge but a plenty of learning and opportunities to gain a
huge amount of knowledge on the way of writing this project report. I could not
have completed my project without the constant guidance of MS. SHAILJA
KHOSLA our faculty guide, who helped me along the way and was always
prepared to give me feedback and guidelines whenever I needed it.
[BHUMIKA GANOTRA]
[BBA CAM-4]
CONTENTS
REPORT STRUCTURE:
I Cover and Title page
Acknowledgement
Table of contents
These figures are even higher among mobile internet users. 89% of
Americans go online at least daily, and 31% are online almost
constantly. As a marketer, it’s important to take advantage of the digital
world with an online advertising presence, by building a brand, providing
a great customer experience that also brings more potential customers
and more, with a digital strategy.
Digital marketing and inbound marketing are easily confused, and for
good reason. Digital marketing uses many of the same tools as inbound
marketing—email and online content, to name a few. Both exist to
capture the attention of prospects through the buyer’s journey and turn
them into customers. But the 2 approaches take different views of the
relationship between the tool and the goal.
Any type of marketing can help your business thrive. However, digital
marketing has become increasingly important because of how
accessible digital channels are. In fact, there were 5 billion internet users
globally in April 2022 alone.
From social media to text messages, there are many ways to use digital
marketing tactics in order to communicate with your target audience.
Additionally, digital marketing has minimal upfront costs, making it a
cost-effective marketing technique for small businesses
Now, you know what digital marketing is, so let's proceed and know the
types of digital marketing.
Digital marketing is the component of marketing that uses
the Internet and online-based digital technologies such as desktop
computers, mobile phones and other digital media and platforms to
promote products and services.[2][3] Its development during the 1990s
and 2000s changed the way brands and businesses use technology
for marketing. As digital platforms became increasingly incorporated into
marketing plans and everyday life,[4] and as people increasingly use
digital devices instead of visiting physical shops,[5][6] digital marketing
campaigns have become prevalent, employing combinations of search
engine optimization (SEO), search engine marketing (SEM), content
marketing, influencer marketing, content automation, campaign
marketing, data-driven marketing, e-commerce marketing, social media
marketing, social media optimization, e-mail direct marketing, display
advertising, e-books, and optical disks and games have become
commonplace. Digital marketing extends to non-Internet channels that
provide digital media, such as television, mobile phones
(SMS and MMS), call back, and on-hold mobile ring tones.[7] The
extension to non-Internet channels differentiates digital marketing
from online marketing.[8] Digital marketing effectively began in 1990
when the Archie search engine was created as an index for FTP sites. In
the 1980s, the storage capacity of computers was already big enough to
store huge volumes of customer information. Companies started
choosing online techniques, such as database marketing, rather than
limited list broker.[9] Databases allowed companies to track customers'
information more effectively, transforming the relationship between buyer
and seller.
In the 1990s, the term digital marketing was coined.[10] With the
development of server/client architecture and the popularity of personal
computers, Customer Relationship Management (CRM) applications
became a significant factor in marketing technology.[11] Fierce
competition forced vendors to include more service into their software,
for example, marketing, sales and service applications. Marketers were
also able to own online customer data through eCRM software after the
Internet was born. This led to the first clickable banner ad going live in
1994, which was the "You Will" campaign by AT&T and over the first
four months of it going live, 44% of all people who saw it clicked on the
ad.[12][13]
In the 2000s, with increasing numbers of Internet users and the birth
of iPhone, customers began searching products and making decisions
about their needs online first, instead of consulting a salesperson, which
created a new problem for the marketing department of a company.[14] In
addition, a survey in 2000 in the United Kingdom found that most
retailers had not registered their own domain address. These problems
encouraged marketers to find new ways to integrate digital technology
into market development.
In 2007, marketing automation was developed as a response to the
ever-evolving marketing climate. Marketing automation is the process by
which software is used to automate conventional marketing processes.
[16]
Marketing automation helped companies segment customers,
launch multichannel marketing campaigns, and provide personalized
information for customers., based on their specific activities. In this way,
users' activity (or lack thereof) triggers a personal message that is
customized to the user in their preferred platform. However, despite the
benefits of marketing automation many companies are struggling to
adopt it to their everyday uses correctly.
Digital marketing became more sophisticated in the 2000s and the
2010s, when the proliferation of devices' capable of accessing digital
media led to sudden growth. Statistics produced in 2012 and 2013
showed that digital marketing was still growing. With the development
of social media in the 2000s, such
as LinkedIn, Facebook, YouTube and Twitter, consumers became highly
dependent on digital electronics in daily lives. Therefore, they expected a
seamless user experience across different channels for searching
product's information. The change of customer behavior improved the
diversification of marketing technology
The term "Digital Marketing" was coined in the 1990's. Digital marketing
was formally known as and referred to as 'online marketing', 'internet
marketing' or 'web marketing'. Worldwide digital marketing has become
the most common used term and took off in the business industry,
especially after the year 2013. But in other countries like Italy, digital
marketing is still known as web marketing.
Digital media growth was estimated at 4.5 trillion online ads served
annually with digital media spend at 48% growth in 2010. An increasing
portion of advertising stems from businesses employing Online
Behavioural Advertising (OBA) to tailor advertising for internet users, but
OBA raises concern of consumer privacy and data protection.
Combined with higher consumer knowledge and the demand for more
sophisticated consumer offerings, this change has forced many
businesses to rethink their outreach strategy and adopt or incorporate
Omni channel, nonlinear marketing techniques to maintain sufficient
brand exposure, engagement, and reach.
Ineffective forms of digital
marketing
Digital marketing activity is still growing across the world according to the
headline global marketing index. A study published in September 2018,
found that global outlays on digital marketing tactics are approaching
$100 billion. Digital media continues to rapidly grow. While the marketing
budgets are expanding, traditional media is declining. Digital media helps
brands reach consumers to engage with their product or service in a
personalized way. Five areas, which are outlined as current industry
practices that are often ineffective are prioritizing clicks, balancing
search and display, understanding mobiles, targeting, view ability, brand
safety and invalid traffic, and cross-platform measurement.]Why these
practices are ineffective and some ways around making these aspects
effective are discussed surrounding the following points.
Prioritizing clicks
Prioritizing clicks refers to display click ads, although advantageous by
being ‘simple, fast and inexpensive’ rates for display ads in 2016 is only
0.10 percent in the United States. This means one in a thousand click
ads is relevant therefore having little effect. This displays that marketing
companies should not just use click ads to evaluate the effectiveness of
display advertisements.
Balancing search and display
Balancing search and display for digital display ads is important.
Marketers tend to look at the last search and attribute all of the
effectiveness of this. This, in turn, disregards other marketing efforts,
which establish brand value within the consumer's
mind. ComScore determined through drawing on data online, produced
by over one hundred multichannel retailers that digital display marketing
poses strengths when compared with or positioned alongside, paid
search.] This is why it is advised that when someone clicks on a display
ad the company opens a landing page, not its home page. A landing
page typically has something to draw the customer in to search beyond
this page. Commonly marketers see increased sales among people
exposed to a search ad. But the fact of how many people you can reach
with a display campaign compared to a search campaign should be
considered. Multichannel retailers have an increased reach if the display
is considered in synergy with search campaigns. Overall, both search
and display aspects are valued as display campaigns build awareness
for the brand so that more people are likely to click on these digital ads
when running a search campaign.
Understanding Mobiles
Understanding mobile devices is a significant aspect of digital marketing
because smartphones and tablets are now responsible for 64% of the
time US consumers are online. Apps provide a big opportunity as well as
challenge for the marketers because firstly the app needs to be
downloaded and secondly the person needs to actually use it. This may
be difficult as ‘half the time spent on smartphone apps occurs on the
individuals single most used app, and almost 85% of their time on the
top four rated apps’. Mobile advertising can assist in achieving a variety
of commercial objectives and it is effective due to taking over the entire
screen, and voice or status is likely to be considered highly. However,
the message must not be seen or thought of as intrusive. Disadvantages
of digital media used on mobile devices also include limited creative
capabilities, and reach. Although there are many positive aspects
including the user's entitlement to select product information, digital
media creating a flexible message platform and there is potential for
direct selling.[
Cross-platform measurement
The number of marketing channels continues to expand, as
measurement practices are growing in complexity. A cross-platform view
must be used to unify audience measurement and media planning.
Market researchers need to understand how the Omni-channel affects
consumer's behaviour, although when advertisements are on a
consumer's device this does not get measured. Significant aspects to
cross-platform measurement involve de duplication and understanding
that you have reached an incremental level with another platform, rather
than delivering more impressions against people that have previously
been reached. An example is ‘ESPN and ComScore partnered on
Project Blueprint discovering the sports broadcaster achieved a 21%
increase in unduplicated daily reach thanks to digital advertising’.
Television and radio industries are the electronic media, which competes
with digital and other technological advertising. Yet television advertising
is not directly competing with online digital advertising due to being able
to cross platform with digital technology. Radio also gains power through
cross platforms, in online streaming content. Television and radio
continue to persuade and affect the audience, across multiple platforms.
Targeting, view ability, brand safety, and invalid traffic
Targeting, view ability, brand safety, and invalid traffic all are aspects
used by marketers to help advocate digital advertising. Cookies are a
form of digital advertising, which are tracking tools within desktop
devices, causing difficulty, with shortcomings including deletion by web
browsers, the inability to sort between multiple users of a device,
inaccurate estimates for unique visitors, overstating reach,
understanding frequency, problems with ad servers, which cannot
distinguish between when cookies have been deleted and when
consumers have not previously been exposed to an ad. Due to the
inaccuracies influenced by cookies, demographics in the target market
are low and vary. Another element, which is affected by digital
marketing, is ‘view ability’ or whether the ad was actually seen by the
consumer. Many ads are not seen by a consumer and may never reach
the right demographic segment. Brand safety is another issue of whether
or not the ad was produced in the context of being unethical or having
offensive content. Recognizing fraud when an ad is exposed is another
challenge marketer’s face. This relates to invalid traffic as premium sites
are more effective at detecting fraudulent traffic, although non-premium
sites are more so the problem.[
Some studies indicate that consumer responses to traditional marketing
approaches are becoming less predictable for businesses. According to
a 2018 study, nearly 90% of online consumers in the United States
researched products and brands online before visiting the store or
making a purchase. The Global Web Index estimated that in 2018, a little
more than 50% of consumers researched products on social
media. Businesses often rely on individuals portraying their products in a
positive light on social media, and may adapt their marketing strategy to
target people with large social media followings in order to generate
such comments. In this manner, businesses can use consumers to
advertise their products or services, decreasing the cost for the
company.
Email marketing
Content marketing
Social media marketing
Marketing automation
In fact, it’s estimated that up to 90% of buyers are familiar with a brand
before they ever interact with it, so marketers must get ahead of the
curve. In our view, your most valuable asset isn’t your product, it’s your
customers.
Audience’s preferences
Industry’s standards
Bandwidth and budget
An editorial calendar is not only where you keep track of, coordinate, and
share your upcoming content. It’s also a strategic tool that helps your
team execute integrated programs that include your content.
Your promotion strategy will depend on your audience and your needs,
but the best approach to promotion is a wide-reaching one. Don’t start to
scale and add new channels until you have a good measurement
strategy in place.
Now that you’ve got your customer engagement strategy all planned out,
it’s time to add a few final touches to make it a success. Here are a few
extra tips:
If you keep customers engaged from the first interaction, you can help
guide them towards a conversion and spark brand loyalty. Creating
content and other touch points can also help you build a better
impression of consumer behavior , which can feed back into your
engagement strategy.
MYNTRA
Company Profile is an initiative by Start-up Talky to publish verified
information on different start-ups and organizations. The content in this
post has been approved by Myntra.
Today, we can sit in one space and browse through the top international
fashion brands and get our favourite products delivered right to our
doorsteps. Thanks to the evolution of ecommerce and online shopping
trends. One of the most prominent names in the ecommerce industry of
India, as we all know, is Myntra.
Let's dive into the article to know all about Myntra, its Start-up
Story, Business and Revenue
Model, Funding and investors, Founders and Team, Challenges, Co
mpetitors, Future Plans & more.
27th September 2021 - Myntra has now increased its fulfillment centres
to five, in cities such as Binola, Bilaspur, Bhiwandi, Bengaluru, and
Kolkata. The company is working on strengthening its supply chain
network because of its festival season sale. This will enhance
capacity for higher storage volumes and optimize last-mile deliveries
since the company was expecting over 5.5 million unique customers
during its upcoming Big Fashion Festival, which is a 1.8X increase in
traffic compared to the previous edition
9th July 2021 - India's largest online fashion store Myntra claimed to
have recorded 220 million traffic sessions during the six-day event,
at 4 times growth over business as usual, while the Myntra customer
base grew with 15 million first-time visitors coming to the platform.
Making the digital marketing setup on a sectoral basis will first narrow
the target audience and enable the marketing to reach a more niche
audience. This provides an important strategy for determining the area
for the message that the e-commerce business or e-export site wants to
give to its audience. In the marketing strategy, the understanding of
marketing towards the target audience saves both time and money,
resulting in a more efficient marketing. Sectoral marketing will not only
provide a more effective system by narrowing the target audience, but
also strengthen the company’s position among its competitors. The
setup in different sectors will also provide a better promotion of the
company and the product if it is prepared based on sector-specific
dynamics
Online shops mostly use credit card in order to make payment. Different
methods in payments. Such as cash on delivery, card on delivery, debit
card, etc. Mostly customers used cash or card on delivery and debit or
credit cards. The first W.W.W (World Wide Web) server and browser, in
1990 created by Tim Berners-Lee and, 1991 it opened for commercial
use. After the subsequent technological and innovations
In this blog post, we will explore how Myntra used data analytics to
create a personalized shopping experience for their customers and boost
their bottom line.
The company uses this data to gain insights into customer preferences
and behavior, which is then used to improve its product offerings and
enhance the overall shopping experience.
METHOD OF ANALYSIS
a) Percentage analysis
b) Graphics analysis
The Internet has become a major
resource in modern business,
thus electronic shopping has
gained significance not only
from the entrepreneur’s but
also from the customer’s point
of
view. For the entrepreneur,
electronic shopping generates
new business opportunities and
for
the customer, it makes
comparative shopping
possible.With the advancement
in technology,
more and more people are
shifting towards e-commerce
platforms for shopping.
However,
retaining old and attracting new
customers is not as easy as it
seems on the online platform.
Having a clear understanding
about the customers and their
needs is must if an online
retailer
wants to satisfy their customers
and to be successful in the
online market. Keeping the
customer satisfied is a very
cumbersome task, especially
when the competition is vast,
and the customers’ expectations
are high. The behavior of
customers while doing online
shopping is not only dependent
upon their unique character like
age, gender, occupation, or
educational background
The Internet has become a major resource in modern business, thus
electronic shopping has gained significance not only from he
entrepreneur’s but also from the customer’s point of view. For the
entrepreneur, electronic shopping generates new business opportunities
and for the customer, it makes comparative shopping possible. With the
advancement in technology, more and more people are shifting towards
e-commerce platforms for shopping. However, retaining old and
attracting new customers is not as easy as it seems on the online
platform. Having a clear understanding about the customers and their
needs is must if an online retailer wants to satisfy their customers and to
be successful in the online market. Keeping the customer satisfied
is a very cumbersome task, especially when the competition is vast,
and the customers’ expectations are high. The behavior of customers
while doing online shopping is not only dependent upon their unique
character like age, gender, occupation, or educational background.
The
online retailers also need to understand certain other aspects
which satisfies or dissatisfies
their customer. These satisfaction factors includeease of access of retail
application, product
quality, variety, stock availability, affordability, offers and discounts,
timely delivery,
etc.Keeping these factors in mind this study depicts that different e-
commerce fashion retail
stores provides different level of satisfaction to different
demographics of people. Here an
attempt is made to understand the impact of online retailing on the
sector, 'Myntra'.It can be
concluded that, Myntra has adopted various strategies so as to
help customers and also to
The online retailers also need to understand certain other aspects
which satisfies or dissatisfies their customer. These satisfaction factors
include ease of access of retail application, product quality, variety,
stock availability, affordability, offers and discounts, timely delivery,
etc. Keeping these factors in mind this study depicts that different e-
commerce fashion retail stores provides different level of satisfaction
to different demographics of people. Here an attempt is made to
understand the impact of online retailing on the sector, 'Myntra'. It can be
concluded that, Myntra has adopted various strategies so as to
help customers and also to increase the sale of products in the highly
competitive market.
Recommendations and Suggestions: Usage of products by the
customers is required to be more as few of the customers are buying
yearly also. Promotional strategies need to be improved so as to
motivate the customers to make buying decision. The Company has to
make ease for searching products what they are looking for. Special
offer need to be provided for attracting the customers. The Company
has to give inform all customers for the new products launching time.
Ensure quick delivery. since few of the customers are buying products
through offline, awareness need to be created for increasing online
payment mode.
Lucky draw, coupons, etc. are required to promote the customers and
also to increase the sales. Promotional activities for online shopping
can be made more effective to attract even more customers. there
should be increase in the level of importance. Product rate should be
reasonable. Security system in online payment can be made much
safer to avoid various issues. . more important should be given for
magazine advertisement
BIBLIOGRAPHY
Journals: Hatem EI-GOHARY “International journal of online
marketing
Websites and web links:
https://www.indianretailer.com/amp/news/myntra-set-to-expand-its-
international-footprint-in-middle-east-market.n10128last access on
22.4.22 https://yourstory.com/2017/02/myntra-turns-10/amplast
access24.4.22
https://startuptalky.com/myntra-online-fashion-store/last access28.4.22
https://en.m.wikipedia.org/wiki/Myntralast access12.4.22
Journals: Hatem EI-GOHARY “International journal of online
marketing Websites and web links:
https://www.indianretailer.com/amp/news/myntra-set-to-expand-its-
international-footprint-in-middle-east-market.n10128last access on
22.4.22 https://yourstory.com/2017/02/myntra-turns-10/amplast
access24.4.22
https://startuptalky.com/myntra-online-fashion-store/last access28.4.22
https://en.m.wikipedia.org/wiki/Myntralast access12.4.22
Journals:
Hatem EI-GOHARY “
International journal of online
marketing