Digital marketing for HMV

Table of Contents

Introduction. 3

1- Digital marketing. 3

      Traditional marketing. 3

      Importance of Digital
marketing. 4

2- Tactics of search engine marketing. 5

     Principals of digital
marketing. 5

     Inbound and outbound. 5

     Types of media. 5

     The buyer’s journey. 6

     Marketing functions. 7

     Traditional vs.
digital marketing. 9

     360 marketing campaign. 9

     3i principles. 10

     Pay-per click (PPC) 11

     Search engine
optimization. 11

     Developing SMART
objectives. 12

     Audience research. 14

     Industry trend
research. 15

      PROPEL model 15

3- Email marketing and social media marketing. 17

4- Website optimization
techniques. 19

5- Analytical tools for digital marketing strategy. 20

6- Key tasks and activities for HMV.. 23

     Conclusion. 24

     References. 24

Introduction

HMV is an entrainment
Company in the United Kingdom. Basically
a private limited company. HMV introduced by a Gramophone Company in 1921 as a
branded Company. Its name also is known
for TV and radio. His master’s voice is the real abbreviation of HMV. In 1966
HMV also expanded its business in London. HMV became larger twice in size and
also take the title of leading retailing company in music. Many of its
competitors exist in the market. By merging with several stores and
acquiring small businesses HMV achieve 124 store’s ownership in 2014. Additionally, it became the 2nd
biggest retailing music company of UK. Furthermore, HMV is operating in
traditional marketing techniques but now decided to move into digital marketing
as well. Digital marketing is way better than traditional marketing and makes the business grow rapidly with its
mobilized ways and techniques.

1-     
Digital marketing

Technology has made a lot of changes and improvements in itself in the
21st century. By this advance
technology companies also have established and made
themselves changed accordingly. This change not only provides profit but
increase the sustainability and demand of customers. Companies have started utilizing technology in business
to business transactions (Chaffey, 2002). The main and basic objective of
digital marketing is to provide the rapid and easy way of shopping. The best
part of the digital market is that it modify or change things according to
customer’s expectation and not try to change customer’s mindset which is quite
difficult relatively. It also covers the two-side communication direct among
customer and marketer.

Traditional marketing

Companies sold out all
their stock due to limited production of goods. Stability and welfare arrive in
economies when in western countries television came into the vision. The arrival of TV has changed the trend of marketing. It was the age when power had gone
to customers from the marketer and then
supplier made efforts for attracting customers (Karahassan, 2013). Those
businesses that have appropriate and exact knowledge about traditional
marketing strive more care about its customers than any other perspectives
(Chaffey, 2011). The primary purpose of traditional marketing is to facilitate
consumer by time, possession and place and value creation of the product in the minds of customers.

Importance of Digital marketing

In the modern era,
information technology and expansion in internet facilities increase the online
shopping trend. Therefore, many of the companies switch themselves into digital
marketing without any avoidance. This is the reason for the change in communicating people as well as the trend of marketing for companies (Durmaz, 2016).
By continuous improvement and growth in information technology, digital
marketing is pushing away traditional marketing. There are several companies
that are utilizing technologies very smoothly connecting or interacting with
their customers. It will be very useful for HMV if do appropriate investments in digital marketing. This will also attract
more of customers than it attracts with
traditional marketing. The tools for attracting customers are many in digital
marketing (Durmaz, 2016). Digital marketing is more multi-tasking than
traditional marketing. Through digital marketing,
the seller can engage with customers in
many ways for example via Twitter, via Instagram, via Facebook, and via email as well. Companies that utilize
digital marketing can be able to find out customer’s need and demands more
accurately than in traditional marketing because old marketing method has a line
of differentiation between seller and buyer. Addition to this another benefit
of digital marketing is that the marketer finds
the accurate target audience for business through social media as well as
search engines marketing. Following are the points that differ both old and new
marketing with each other.

As per HMV, it is better to switch on digital
marketing because through digital marketing it can provide products more
quickly, attain more customers, develop a two-sided
connection, provide easiness to customers, attract customers and continuously
engage with them and most importantly achieve success over its competitor. Digital
marketing and traditional marketing both are different from each other in
style, processing, communicating, attracting and engaging customers. HMV should
change its processing to digital marketing as its target audience is generally
teenagers or newly made adults that includes above than 25 years old (30 to
40). Old age people and senior citizens mostly spent their time on watching TV,
instead of them teenagers mostly spent their time on exploring on their
smartphones. In digital marketing,
suppliers can deliver their messages about products and its variations in various ways like Facebook, Twitter etc.
Digital marketing gave the consumer the power and make the marketing new rules
and guidelines. HMV will gain more
customers and demands by investing in digital marketing. 

2-     
Tactics of search engine marketing

It is very clearly
known by all over the world that Google, Bing, and
Yahoo are the most popular and accessible search engines. Generally, search
engines are the key part of digital marketing and used just to stand at the top
positions when an individual to search for
one’s business. The basic logic behind search engines is website’s accurate
management. For the purpose of getting higher searching visibility a precise
analysis of keywords and organized websites are needed (Acikel, 2012). Following
are the steps for developing effective digital marketing that maximizes profit and maintains customers.

Principals of digital marketing

Digital marketing is
the new techniques for businesses to explore more briefly and quickly. Digital
marketing based on new technologies such as mass communication that includes
internet. By utilizing digital formation and internet the digital marketing can
develop. Digital parameters are computers, mobiles, and digital billboards. Through social media companies can track
their target customers on digital facilities. This will include E-books,
E-zines, blogs, podcasts, and Flickr etc.
Digital marketing has some concepts on which all the tactics based.

Inbound and outbound

Inbound is also known
as pull strategy. According to this strategy,
it will attract new customers that also has some potential of buying through
using of contents and internet. This strategy will let the HMV know to all
target customers through search engines, blogs etc.

On the other hand, outbound that is also known as push
strategy. According to this strategy marketing of a product is done repeatedly
to its customers. This is almost similar to traditional marketing. Inbound
strategy considered more digital-based to
outbound. HMV should invest more in making pull strategy.

Types of media

Both digital and
traditional marketing used media for advertising or attracting customers. However,
there is the difference between both
media types. As per HMV wants to develop digital marketing as well, therefore, it has to focus on those media types
that help in attracting more customers
without any interruption. This includes owned media, paid media and earned
media.

Owned media encompasses
content of company, products for sale, and individuals that should available
for interaction with customers. All these things related to the internet
like social sites, blogs, and apps. HMV
should develop its control and grip over search engines and social media for
building customer relationship and engaging with them. The personality of brands of HMV will also develop through
this. 

Paid media is also the type of media that collect media for which
company is paying. The objective of paid media is to develop cluster near
target customers regarding product and retain their attention and interest.
This will also use for boosting up the owned media. This has many types like pay-per-click (PPC), banners, ads etc.

This is the last type
of media that includes in digital marketing. People spread your products
randomly all around along with same content or created content on their own.
This will happen when the company keeps customer satisfied and happy.

The buyer’s journey

Buyer always passes a
process of getting awareness, analyze and then decision about purchasing a
product. Buyer’s journey also has some
further steps.

HMV should have provided full awareness about its products to
target customers through appropriate marketing. The
customer always buys the product for solving their problem. For example,
regarding entertainment customers of HMV might feel the need to buy its product if they will consider HMV’s product as good quality, reliable and effective. The customer also takes interest in alternatives but if the HMV make its products or
services attractive and effective then the audience
will surely declare HMV as a good choice. Create a world of knowledge regarding
product while customer starting considering in depth. This can be done through
interaction with people and solve their
problems. In the end, after all, completing inquiries about product
customer convert his/her mind and decide to buy. It’s not about just selling a
product HMV should have an aim for
retaining customers through building a customer
relationship with satisfaction and good quality services.

Marketing functions

Marketing functions
involved several individuals that provide
identification to the product as well as the additional
potential to it for separating similar products in the market. Marketing
functions carry a variety of different tasks.

Planning

This function involves
working for the marketing and product activation. HMV can be able to identify
market opportunities and make securities against threats through planning. It
is all related to proper planning, an organization of strategy and thinking that
result in putting right product at the right
place with the reliable positioning of
prices. This will lead the HMV towards growth and development. Furthermore,
there are some other steps involved in this function that HMV should keep in mind. They are business research,
objectives, and goals, planning for communication and budgeting.

Awareness

Developing awareness in
customer’s mind is the basic function of marketing. HMV by creating awareness
in its target audience can achieve success. Marketing of a new product and let
the audience aware of it is the key part. Awareness within entertainment
industry by bringing up the HMV and its brands to potential buyers is
important. HMV can create awareness into target audience about its products by
having relevancy and involvement. This function usually tailored to planning
function.

Conversion

HMV also needed to
develop conversion of leads to real customers. This function is basically
opposite to awareness. Through this function,
HMV could target a small part of the audience who has taken interest in buying. In
this function, HMV has to use CRM for collecting information and
insights that acknowledged HMV about the leads and help in the processing of conversion. By using conversion
HRM have to include the value in existing
offers and keeping the product in customer’s mind at the top with repetition. The basic focus of this function is on media
opportunities, setting quantitative objectives, developing offers, content
adjustments, and social advertising (Ryan,
2017).

Retention

This marketing function
helps the company to retain the customer by providing satisfaction, loyalty, and delightfulness about the product. HMV’s basic aim is not to just sell
its products but retaining customers. Therefore, HMV has to continuously
influence customers even after selling. If the customers once been satisfied
with product and service they will make the decision
to re-buy HMV brand, additionally, they
share it with friends and peers. It will create earned media help for HMV.

Analysis

The last function of
marketing is analysis and optimization. This will provide HMV to take a view of its past tactics and implementations. After analysis, HMV could be able to make the cost more effective. Digital marketing has a
benefit that the HMV can go through testing, uploading, measuring and changing
the process. Standard times for analyzing
marketing functions are three within
processing.

Traditional vs. digital marketing

Traditional
marketing
Digital
marketing
Mass
Passive audience
One-to-many
Push strategy
Individual
Active audience
One-to-one
Pull strategy

360 marketing campaign

Above is the difference
between digital and traditional marketing. However, points of differentiation
can be used and create an overall integrated strategic marketing. There are
some advantages and disadvantages of both marketing and these are used to broadening
up the marketing objective. Utilizing entire circle of marketing strategies is
known as 360 marketing campaign. It has the division like following.

Benefits
of 360 marketing campaign

Because of this
integrated campaign is made up of both
the strategies, therefore, it has many wide advantages.

  • Cover up full marketing circle
  • Utilize each and every contacting point
  • Implementation of both marketing
  • Scale and relevance optimization
  • Measure results effectively.

3i principles

Digital marketing
provides 3 basic principles that need
attention before planning digital marketing strategies. These principles will
able HMV to view the organization and management while adopting the strategy. These principles are initiated, iterate and integrate.

Initiate

This principle will
help to know the company about its target
audience’s needs and wants. HMV can utilize this principle and can view its target audience demands and
expectations. As HMV’s target audience is the teenagers and modern generation, therefore, it should provide them their demands
by selling entertainment-related
products. The target audience of HMV
demanded the high quality and reliable prices with the effective interactive part. Giving loyalty and quality products
will create value in HMV’s brands. Providing face to the customer’s
expectations will achieve the objective
of HMV that are attracting new customers and leading role among competitors.

Iterate

It is not just about
planning but implementing is also the main part. Iteration of strategies that a
company planned for marketing is included in this step. At this point, HMV can implement its pull strategy
among markets and also can change or interrupt it according to acceptation and
rejection.

Integrate

The last
principle is about integration that appears
after approval of company’s strategy. Once the strategy of the company gets
success then integrate its products all over the distribution channels and make
sure that those channels are working and changing as well according to
company’s policies.

Pay-per-click (PPC)

Online marketing
strategies and tactics are continuously transformed with time and need.
Therefore, HMV can develop an effective PPC that will enhance customer’s
attraction, retention, and loyalty. These
steps are following.

  • Give discounts offers
  • Make prices reliable
  • Add value by providing something free
  • Trademark usage
  • Ads optimization for mobiles
  • Survey on websites of competitors
  • Gradually transformed ads
  • Purchase intent use of keywords

Search engine optimization

Search engine plays an important and efficient role in the development
of digital marketing for a company. It should be necessary for HMV to develop
an effective SEO for attracting new customers and improvement in website
visibility. For this purpose, it has to
take attention on the following design
while making search engine optimization (Ryan, 2017).

  • Improvement in engaging and rankings
  • The long
    length of current page
  • Give stress on YouTube SEO
  • Improvement in speed of the site
  • Choose topics instead of keywords
  • Build links
  • Reporting
  • Technical optimization
  • SEO listings
  • Use of images in contents

Developing SMART objectives

This model more
specifically used for getting results from implementing strategies. This is
divided into five different groups and each group has its own specific measures.

Specific

According to this step, HMV’s objective and goals should be
crystal clear, well defined and easy to understand that anyone who viewed the objective of HMV, understand them.

Measurable

It means that the goal
or objective should be quantitatively determinable. It involves the company’s
KPI and also CPC, media tracking cost etc. Measurements that HMV have to made to analyzing
digital strategy are involved metrics, milestones, results, and budgets.

Achievable

It is not useful to
make such high objectives at the start that face difficulties to achieve them.
HMV’s basic objective is to maximize
customers and to lead among competitors that is clear and achievable. For this objective, HMV should use appropriate skills
and resources.

Relevant

Relevancy is also very
necessary to have in marketing objective and business objectives. The goal of the company should be relevant and
tie with marketing objective very impressively. HMV should have to view about
its marketing objective and considered only in case if it is relevant to a business objective (Yadav et al., 2014).

Time-bound

A work that achieves on time looks effective and efficient,
therefore, HMV should have set a time
goal also like HMV’s estimation about 2020 is to achieve higher customers
portion and will become the market leader.

Audience research

Audience research is
important before starting any type of marketing campaign. This research is
basically all about the size, characteristics and composition of the group
include in the target market. HMV’s
audience research will be related to the group that already are or perhaps will
be the potential buyers of HMV’s products. Identify customer insight is the
basic purpose of audience research. HMV has to know about its customer’s
thinking and wants like a close friend
only then it can fulfill their satisfaction. In Pull strategy, this research is must and also known as customer’s
persona.

The data
type in audience research

Industry trend research

Industry trend research
is utilized while placing a brand or leader in the market. Trends that related to
consumer attitude, employment, and
technology advancement, development of new product, competitors, law and
guidelines of government are involved in this research. These all can have an impact on the entertainment
industry. Therefore, HMV should research the trends that are like the way that
influence the market with company’s name
and create a competitive strategy.
Porter’s based five forces are a customer,
supplier, potential and substitute. This will include intense competition, the threat of substitute, bargaining power of
buyer, bargaining power of supplier and barriers to new entrants.

PROPEL model

The last
step is the PROPEL model that will help the HMV reviewing all the steps and
tactics that HMV plan for creating an effective digital marketing strategy.

Plan

In this first step of
Propel model, it will analyze the current
position of HMV. Once the HMV analyze planning process about budgeting and
employees then it can be determined the reason for
putting pull strategy. After that, it can
add the value proposition to the product. This step also helps HMV in mapping up the costs and
resources.

Research

In the 2nd
step of this model, HMV can narrow its
target audience and divide them into more small groups. The specification is the basic objective of this step. Through
identified audience, the HMV can position
its products in right place, find the right
place to advertise, develop contents of marketing and select right keywords and
words that present to the target
audience.

Objectives

This is the 3rd
stage of Propel model into which the objectives can be set to identify
true resources, product positioning and target audience.

Prepare

In this stage, the HMV will move towards the tactical
part of contents, media, time and
concepts etc. At this stage, HMV will put
the strategy into an action plan. This
stage also involved the developing best internal communication so that all the
employees of HMV will aware of the newly
launched products.

Execute

After setting all the
strategies and goals, now in this phase time to implement those strategies.
Every stakeholder of HMV will project, implement and distribute the developed
content that makes in the preparation stage of this model.

Learn

In this stage, it will able the HMV to learn about the
failure or success of the implemented strategy. The
objective of this stage is to develop contents continuously, make
improvements in performance and identify customer insights.

Email marketing and social media marketing

Email marketing is the
most useful tool for digital marketing
however it is the oldest way among all other digital marketing tools. There are
some reasons behind its success and foremost reason is that a personalized
message is sent to the customer’s mailbox
and he/she can review that message any time. The
second reason behind its usefulness is that a personal storage of emails exists.
Email marketing is undoubtedly an effective tool if utilize accurately.
Communicate the accurate message to the customer
is the basic part of Email marketing.
Several steps are there in Email marketing that could be better and mistake that can be avoided (Taylor, 2015). Emails are taken top-rated place in business to business (B2B) marketing. According
to a survey about Email marketing conducted and it results show that about 86%
people say that Email marketing is a necessity to channel
for business to business (B2B) marketing. However, another survey shows that
social media and content marketing are effective channels for digital
marketing.

It was stated by
(Holiday, 2017) that the Email marketing is known as an important tool, however, it
needs a targeted group of individuals. Generally, audience filtration is a
method to develop subscription model and make a list of people.

With modern age and
improvement in information regarding Email marketing, HMV can send a message through an automation tool to
different audiences at the same time, even having a personalized message for
everyone. HMV can collect and select data online and make the Email marketing
more effective and useful. The basic thing that the HMV should focus is to send
a well-defined, personalized and correctly used contents in order to get a higher response.

HMV while sending
Emails to the target audience some steps or techniques that it should consider. In short, a high rate of response and improvement in revenue as well.
1st step is to write line subject that will influence that target
audience as the first impression, therefore, it should be an effective and precise phrase or line that force
customer to open and view the full mail. 2nd step is to take great
care regarding address that HMV’s marketer is about to leave. For example, some
Emails are thought to come from frauds or scam. 3rd and most
particularly the customer always wants that any personalized message should
self-made like specially written for him/herself. Therefore, lead’s name should
be there in the mail. 4th step is that there must be several methods
through which contents of value and quality can be sent, for example, newsletter, articles, events and a
personal message (Merret, 2012).

After implementing all
above techniques HMV should also consider
the quality in particular and not the quantity. Feedback from the leads should
be noticed. At the last, after strategic implementations the analyze ways to
provide possible value to perspectives (Merret, 2012). Emails can be a great
tool for attracting new customers and retain them with appropriate engagement.

LinkedIn
marketing

It is the most
effective tool for social media marketing. Tailor-made advertising is done on
it that is little opposite then Facebook. HMV can provide its potential buyer’s information reading company and its
employees. It is a better way to find a
way for business for building a new customer
relationship. However, LinkedIn is not as wide as Facebook but still provides
help to businesses. HMV can post relevant
articles, blogs, and contents for
bringing up lead awareness.

Twitter
marketing

HMV can also utilize Twitter for marketing by tweeting on it short
and summarized thoughts for sharing and attracting new customers. Relations
will build through following people sharing. HMV can use twitter marketing for
increasing sales, awareness and customers. Following are the key steps for
better arrangement of utilization.

  • Appropriate twitter profile
  • Backlines to HMV website
  • Attention seeking headlines
  • Visualization
  • Automation tool
  • Activeness for answering
  • Target audience
  • Engaging with people

Facebook
marketing

As Facebook made new
changes with the change in trend, therefore,
HMV can attract new customers and engage them with Facebook profile. This
marketing tool collects customer’s
interests and behavior (Yadav et al., 2014). Through following six Facebook
marketing tools HMV can build a new
relationship with customers and retain the existing ones.

  • Facebook profile along with the mission
  • Groups that attract target audience with
    community
  • Fan page of business along with accurate
    content
  • A Facebook
    campaign that easily targets audience
  • Facebook tailor-made messages

Website optimization techniques

Speed
of page

Through Google Page
Speed insights HMV can improve its website performance. This tool analyzes some important components for testing
like JavaScript, CSS, and participation
of image.

Locity
on page

Page Locity will help HMV in evaluating the performance of the website and viewed social metrics that effect HMV’s website
visibility. 

Varvy
page speed optimization

It contains reports
regarding bringing up the website performance techniques and rankings of SEO.

GTmetrix

It is a checklist of
both performance and speed and will provide grades from A to F in its
analysis. 

Through taking all
above steps under consideration HMV can improve its website performance and can
facilitate its customers in a more effective way.

Analytical tools for digital marketing strategy

There are many
different tools for digital marketing and utilized by marketers. HMV should use
digital marketing tool for analytical measurements of strategies. This will
include following steps

  • Analyze
  • Create
  • Publish
  • Research all things digital

Digital
research tools

There are three main
research tools that HMV can use.

  1. Google trends
  2. Social Mention
  3. Spy Fu

Google
trends

Two main steps that
involve it. The first step is to enter in
browser trends.google.co.uk. The second step is to enter a product, HMV or
topic.

Social
Mention

This tool also has the
same method as google trends. First,
enter in browser socialmention.com.
Secondly enter a product, HMV or topic name.

SpyFu

By clicking, the website
of HMV insights can be viewed.

Key tasks and activities for HMV

As knowing that HMV is
the leading retail entertainment company in
the United Kingdom and wants now to move
into digital marketing with existing traditional marketing. The basic objective
behind this is to attract more customers, engage them and retain them. For that
purpose, some processes and strategies
are mentioned above that HMV should adopt for developing effective digital
marketing. Foundation of digital marketing and entire steps for developing
digital marketing involved. Traditional marketing and digital marketing both
are different from each other.

Digital marketing is
growing day by day, therefore, HMV decided to move into it. In digital marketing, HMV will use pull strategy because
it is more widely used for digital marketing. HMV should have identified types of media including owned, paid
and earned media and utilizing it for advertising. HMV will have identified
buyer’s journey for purchasing and it will take steps for achieving a higher rate of customers. Before implementation, HMV will evaluate marketing
functions according to which it will start working. As it can be seen that both marketing digital and
traditional have some deficiencies as well, therefore, HMV will also determine
the 360 marketing campaign that will make
through the integration of both marketing
and cover the entire marketing cycle (Berger, 2014).

This will lead HMV
towards 3i principles of marketing including imitation, iteration, and integration. Furthermore, HMV will develop
a processing model named SMART that will provide guidelines for growth and make
an effective strategy. Then after audience
research and industry trend research,
another model will make named PROPEL. This model will help HMV to organize
things and take a view from the start about strategy implementation. HMV will
use three basic measurement tools that include google trend, social mention, and SpyFu. After all these process and
techniques HMV will ready to kick itself into digital marketing. In order to
implement these marketing steps, HMV will
attract more customers, engage them and also retain the existing customers.

Conclusion

HMV is the leading
entrainment Company in the United Kingdom. Furthermore, it is also known
as the 2nd biggest retailing music company of UK. As HMV is operating
traditional marketing but for getting higher customer’s range and a higher place among customers it also needed to
move into digital marketing. Additionally, the decision making about purchasing
has become easier with the help of modern technology, therefore, digital marketing rapidly increasing in the world as a
best and first choice for customers. In short, data is being used accurately in
digital marketing as compared to
traditional marketing.

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