E-commerce The Bop Approach

Written by Arvind Kumar


For centuries and most ofrepparttar decades inrepparttar 105634 20th century (i.e when computer was invented) access and communication wasrepparttar 105635 tool of rich and ultra rich people, prohibitively expansive to ‘not so rich’ and ‘not at all rich’ people. All marketing research and development was focused onrepparttar 105636 20% ofrepparttar 105637 market based onrepparttar 105638 management principle 80:20, ignoringrepparttar 105639 vast 4 billion people who are atrepparttar 105640 bottom ofrepparttar 105641 pyramid( read Fortune atrepparttar 105642 Bottom of Pyramid by C.K. Prahalad, Wharton Publishing).

In 1990s, Internet came along and changerepparttar 105643 paradigm of whole global market. Because here we have a great tool “Internet” a very efficient, very potent to penetraterepparttar 105644 earlier thought impregnable market sec. For most ifrepparttar 105645 time it isrepparttar 105646 exposure torepparttar 105647 outer world and information is necessary to make any decision and growth of any section of society or part of world. Internet is playing that role very efficiently.

Internet is a Mass product. Here power lies inrepparttar 105648 hand of individuals, rich or not so rich(This terminology is taken from Fortune atrepparttar 105649 Bottom of Pyramid by C.K. Prahalad, Wharton Publishing).

General theory of market states

(i)Top end market is value driven.

(ii) Bottom end market is volume driven.

Through these two anomaly, we can clearly recognize that Internet companies are focusing onrepparttar 105650 second approach and that is what CK Prahalad call Bottom of Pyramid(BOP) approach in his path breaking book Fortune atrepparttar 105651 Bottom of Pyramid.

I can give a big list of such companies, but for instance take some shining stars of today Internet economy.

(i)ebay.com

(ii) aol.com

(iii) clickbank.com

(iv) Google.com

We will studyrepparttar 105652 Mother of all search engine Google and its approach to BOP.

Lets comparerepparttar 105653 Google strategy and its behemoth competitors( well not today, but in formative days of Google when it matter most.) Google is a search engine based on Pay per click(PPC) approach torepparttar 105654 internet economy. In formative days, Google done exactly what others thought and well recognized byrepparttar 105655 Gurus thatrepparttar 105656 model is not viable and Google will be doomed to graveyard.

Most of Dot Coms or brick and mortar companies on internet were making money for advertising. They charge forrepparttar 105657 advertising space they provide torepparttar 105658 advertiser and charge them for a fixed duration and also all these prepaid only. This approach was already imminently followed in TV advertising and to some extent very successful. Advertisers did not had any options. For them it was dark space to jump into. They did not had any control even after paying handsome sum for space on Net.

Seerepparttar 105659 other side ofrepparttar 105660 coin. The consumer( technically visitor) were not part of revolution. Even if they were, they were used to be only exploited for generating huge profit for firms operating onrepparttar 105661 Net.

Google came to foray with a refreshing style and a very uncommon approach torepparttar 105662 market.

1. No Images on its main page. ( there is option available in other pages but not very popular.)

2. Tool and services forrepparttar 105663 common people.

3. Free for all( even sometime for advertisers also)

See where isrepparttar 105664 money? I guess 90% would not see any or many.

Google spread its wings on net through word-of-mouth marketing and keeping a intense focus onrepparttar 105665 common people using internet. Inrepparttar 105666 process Google developed it owns marketing and revenue generation model with empoweringrepparttar 105667 common people, who worship Google( I can be counted one of them).Google invented many new model which was never thought before.

(i)Google adsense

(ii) Google Adwords

(iii) Froogle ( similar to ebay.com but free for all.)

(iv) Google Search

Seeing deep into Google strategy and approach to net economy we can define two things.

(1)Focus on common people in big volume in terms of purchasing power

(2)Inrepparttar 105668 process give more control in their hands, empower them to generate more purchasing power and habit to help yourself as well asrepparttar 105669 industry.

The World Is Your Oyster

Written by Ron. A. Welsh


The World is Your Oyster By Ron A. Welsh

Marketing's greatest growth potential is inrepparttar international arena. Copywriters, technical writers, web content writers and graphic designers play a vital role in global expansion. Whether you live in Darwin, Dallas, Dublin or Dubai,repparttar 105633 world can be your marketplace.

Global markets require global marketers. Even though we are practically joined atrepparttar 105634 hip viarepparttar 105635 web, global marketing doesn't mean duplication of copy from one country another. Copy written forrepparttar 105636 U.S. market will more often than not sell little in other countries and vice versa because many U.S. terms could be misinterpreted. However, writing techniques derived and proven inrepparttar 105637 U.S, hold lessons that can be applied anywhere. Successful marketing comes down to careful selection and use of words specifically targeted for different cultures. Inrepparttar 105638 case of global marketing, rather than competing in any single country, you are competing on a much larger stage.

Emerging World Economies The scale of global selling is increasing every business day. The phenomenal growth of "emerging world economies" offers substantial opportunities for copywriters and graphic designers alike, no matter where you live.

In late 2004 The Economist identified 24 countries as "Emerging Markets." Factors used to analyzerepparttar 105639 best market potential were market size, growth rate, intensity, consumption capacity, commercial infrastructure, economic freedom, market receptivity and country risk.

The survey's results revealed Hong Kong, Singapore, South Korea, China, Israel, Hungary,repparttar 105640 Czech Republic and India asrepparttar 105641 top eight developing countries. Going hand-in-hand with emerging economies isrepparttar 105642 need for copy writing skills in both native languages and English,repparttar 105643 international business language. While many people correspond well enough in English to get a basic message across, they often need help to pen professional copy to sell their goods or services in world markets.

Global expansion and emerging world economies mean foreign language (non-English speaking) marketers are now, more than any time in history, trying to enter markets where English isrepparttar 105644 predominant language (US, UK, Australia). The need for professional copy writing and graphic design skills is evidenced by too many horrendous examples of websites, brochures, multi million dollar bids and business communications, all clearly created by someone with a poor command of English.

All markets are accessible to writers, but some more so than others. International writers specializing in direct response marketing and operating outsiderepparttar 105645 U.S. face specific hurdles as they seek major U.S. clients. By not being "onrepparttar 105646 ground" to get a feel forrepparttar 105647 U.S. market clients, by not being in a position to track direct mail in order to study it and offer something better, international writers may be at a disadvantage.

If you are targeting clients inrepparttar 105648 international market rather than competing inrepparttar 105649 U.S. take note of what Becky Baker tells us, "I've been working as a copywriter in The Netherlands forrepparttar 105650 past eight years and I know for a fact there is plenty of work outsiderepparttar 105651 U.S. Native English copywriters are in great demand here."

Tailor Your Message to Your Target Culture When your target market, product and company have been sufficiently researched and your writing and graphic design skills have been applied, selling should be a breeze, however,repparttar 105652 differences in cultures will also affect marketing impact in different countries. Adapt all your marketing copy torepparttar 105653 host country's fundamental market values. You will increase consumer understanding, receptiveness and acceptance, creating a competitive advantage for your client.

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