Internet Marketing - Effects on Industries

Internet marketing has impacted the way we currentlyThese Internet marketing businesses have become a
do our personal business as well as our providingmulti-billion dollar business for many. Items that were
many marketing opportunities for the entrepreneur.only available at flea markets are now available on
The Internet has brought media to a global audience,Internet auction sites, such as eBay. Buyers and sellers
and in return, the interactive design of the Internetwill often look at prices on the website before going to
marketing provides instant responses and elicitsa flea market, keeping in mind, that often what
responses creates a very unique quality of medium.happens is the price on eBay is now the selling price. It
Internet marketing is a broader scope because notis safe to say that eBay is used as a price-basis for
only does it incorporate the Internet, email, wirelessspecialized items such as antiques, clothing, etc.
media, but it also includes the management of digitalAside from the fact that Internet marketing has had a
data, and electronic customer relationships. The appealprofound affect on the technology industry, it has
of Internet marketing emphasizes a specific behaviorhugely impacted the advertising industry. Online
or interest, rather than out to a broadly definedadvertising has grown by leaps and bounds, and is
demographic.worth tens of billions of dollars annually. If you do not
Online advertising methods have been dramaticallybelieve that last statement, just take a look at recent
altered by the technological advancements in thereports from PricewaterhouseCoopers. Also, consider
telecommunications arena. With the development ofour last Presidential election and how Internet
Broadband, advertisers can more effectively engage inmarketing strategies had a growing impact on the
manage branding campaigns that seek to shapeelectoral process. The Presidential candidates of 2008
consumer attitudes and feelings concerning specificutilized Internet marketing strategies to reach their
products. The rapid growth of broadband technologiesconstituents. It was estimated that at the time of the
will encourage online advertisers to design richprimaries, the candidates added on an average of 500
multimedia content that will produce a level of comfortsocial network supporters per day to assist with
with their target-viewing audience. It is safe to say thatgetting their message out to the American public.
with connection speeds ever increasing so will theKeeping mind, that President Obama raised over $1
frequency of online branding campaigns.million in donations in a single day, and this was primarily
Let's also look at how Internet market has affectedachieved online during his campaign. To say that the
the online banking industry. Since there many banksInternet has an impact on our lives is merely an
that offer their customers the ability to perform manyunderstatement. Effective Internet marketing may
banking tasks over the Internet, it is more convenienthave won the Presidential campaign in 2008 aside
and faster than had their customer visited a bankfrom raising a tremendous amount of money to fund
branch. Another industry that has been impacted bythe Democratic campaign for the presidency.
Internet marketing is the number of Internet auctions.