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 (Whiteside, 2016). 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’ (Whiteside, 2016). 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; although the message must not be seen or thought of as intrusive (Whiteside, 2016). Disadvantages of digital media used on mobile devices also include limited creative capabilities, and reach. Although there are many positive aspects including the users entitlement to select product information, digital media creating a flexible message platform and there is potential for direct selling (Belch & Belch, 2012).
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It’s not all bad, of course. I never have to miss anything my kids are a part of, and I do get to enjoy a lot of time with my little people. I have been forced to learn to compartmentalize my time and set clear boundaries, which is a good thing. I have had to learn not to feel guilty for working in front of my kids, though admittedly I still struggle with that sometimes. My husband more than pulls his own weight, so overall, the benefits outweigh the challenges.
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Another disadvantage is that even an individual or small group of people can harm image of an established brand. For instance Dopplegnager is a term that is used to disapprove an image about a certain brand that is spread by anti-brand activists, bloggers, and opinion leaders. The word Doppelganger is a combination of two German words Doppel (double) and Ganger (walker), thus it means double walker or as in English it is said alter ego. Generally brand creates images for itself to emotionally appeal to their customers. However some would disagree with this image and make alterations to this image and present in funny or cynical way, hence distorting the brand image, hence creating a Doppelganger image, blog or content (Rindfleisch, 2016).
Have you ever heard of an actuary? In the past, it was used to describe a person who analyzes statistics in order to calculate risks and premiums for insurance companies. However, the job title has expanded to include many more industries that can benefit from data mining and economic forecasting. If you have a degree in mathematics, finance or statistics, look into getting your license through Casualty Actuarial Society (CAS) or Society of Actuaries (SOA).
Jerod Morris: Okay. Getting back to the initial question for this episode before we move forward, just so we’re clear on who is the digital entrepreneur, who’s the person that we’re talking to. Is it as simple as saying that the digital entrepreneur that we’re talking to is someone who has created or has the desire to create a digital product or service that is marketed, delivered, and supported completely online? That’s our definition of digital commerce. That’s the person that we are talking to here.
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