Essential E-commerce Concepts, Strategies, and KPIs
E-commerce Fundamentals and Strategy
Definition of E-commerce
E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, online transaction processing, affiliate marketing, inventory management systems, and automated data collection systems.
Reasons for E-commerce Adoption
Retail Perspective
- Be where customers are.
- Sales increase: due to 24/7 availability, new target markets, and internationalization.
- Better margins: achieved through disintermediation
Digital Marketing Core Concepts: SEO, SEM, Analytics, and CRO
Digital Marketing Essentials: Core Concepts and Formulas
1. Digital Marketing Foundations
- Definition: Achieving marketing objectives through digital media, data, and technology.
- Key Elements: Audiences, digital devices, platforms, media, data, technology.
- Customer Lifecycle: Awareness → Consideration → Purchase → Post-Purchase/Advocacy.
- Benefits: Cost-efficient, measurable, real-time, targeted, global reach.
2. Web Design and Conversion Rate Optimization (CRO)
Goal: Conversion-focused, user-friendly,
Read MoreDigital Strategy: Objectives, Audience, and Performance Metrics
Digital Strategy Objectives
Specific Objectives (AW 1.2)
- Strengthening emotional connection with 18–30-year-olds.
- Increasing e-commerce conversions.
- Promoting sustainability.
- Enhancing overall digital performance.
General Objectives (AW 1.3)
- Increase new customer conversions.
- Drive qualified website traffic.
- Grow newsletter subscriber base.
- Strengthen sustainability brand perception.
- Improve engagement across digital channels.
- Optimize lead generation and ad performance.
- Increase customer lifetime value (CLV)
Data Analytics Fundamentals: Key Concepts and Exam Preparation
This document covers the essential concepts from the Data Analytics Class Test (B.Tech 5th Sem, BCS-052) paper, presented in simple, exam-friendly language for easy understanding and recall.
Section A: Fundamental Definitions (5 Marks)
What is Structured Data?
- Data stored in a fixed format (e.g., tables, rows, columns).
- It is easy to search and analyze, typically using SQL.
- Examples: Customer names and phone numbers stored in a relational database.
What is Machine Data?
- Data generated automatically by
Essential Marketing and Pricing Frameworks
Price Elasticity of Demand (PED)
Formula:
Price Elasticity of Demand = % Change in Quantity Demanded / % Change in Price
- Elastic (> 1): Consumers are sensitive to price changes.
- Inelastic (< 1): Consumers are less responsive to price changes.
Strategies to Make Demand Inelastic
- Differentiating the product.
- Building strong brand loyalty.
Elasticity and Product Types
- Luxury Goods: High elasticity (flatter demand curve).
- Normal Goods: Lower elasticity (steeper demand curve).
- Perfectly Elastic Goods: Horizontal
Essential Concepts in Digital Marketing Strategy
Digital Media and Community Management Roles
RSS Syndication
RSS TCVN is a syndication mechanism that allows an RSS user to receive news updates.
What is a Podcast?
A podcast is a digital audio or video file or recording, usually part of a themed series, that can be downloaded from a website to a media player or computer.
Community Manager Role and Skills
A Community Manager is a person who unites a community of web users, oversees discussions while upholding brand values, and provides information, editorial
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