There
is opportunity for the startup of the new business with small budget to gain
the quick and easy gain in the market with online marketing with the rapid
growing of the internet services in every country, Oman is also economy which
is based on the digital marketing to gain the potential growth of the profit.
The Omani markets examines the e-commerce, SEO, PPC and digital marketing which
could be faced by the Omani markets. The sultanate of Oman is based on small
desert economy which is mostly depend on the oil industry. The government of
the Oman is earning 46% of the revenue from the oil. Omanis are using different search engines by
the purpose of dealing. There are approximately 63% population who is connected
to deal with digital marketing. Oman is
second largest economy of the Middle East which is included in the most vibrant
economies (M. Alghizzawi, 2019).
The
business of the Oman gain the large portion by the other countries which is
only possible through digital marketing. The different businesses earned from
the digital marketing about net worth of $40600 per capita every year. It
contribute a steady program in the development of the human development. The
revenue generated from digital marketing is about 30% of the total GDP of the
economy. The economy of the Oman is highly depend on oil industry which could
also be relates to the digital marketing as it is also possible to export the
oil and oil products with digital marketing. Digital marketing is owing
positive place in the mind of the people living in Oman as they considered it
necessary with business development.
Possible effects of the
digital marketing application on Omani society
Omani
economy is second large economy of the world which is trading in different kind
of business therefore use of digital marketing is possible to enforce in the
business market of Oman. Digital marketing effects the Omani society with
positive and negative impacts on the living people there. It may be as;
·
People are allowed to know about the
market internationally which helps them to trade around the globe for small and
large investment.
·
Digital marketing bears low cost which
make the product economical and do not become cause of inflation in the
society.
·
The result of online shopping may be
differ in actual so that somehow there may be distortion in people’s mind that
the digital marketing is not represent of the quality product. This may have a
negative impact on the people regarding the product.
·
It make the customer more peaceful in the
comfort zone as the customer is only have to access the product by his smart
phone and order it by confirmation of the order.
·
Digital marketing helps the people to
improve their skills with existing marketing knowledge to keep up to date about
the new and innovative techniques.
·
Any search engine which have information
about the different topics and connected with internet connections.
·
Digital marketing is most likely to
produce the competition in the market as with the increase in digital marketing
customer will also increase in number which increase the competition in the
market.
1. Conclusion of Digital Marketing
The initiatives of the digital
marketing is most likely to influence the market of any business. It is
necessary to take in to account the impact of the digital market in the
economy. To get the point of the potential of digital marketing is best way to
use it with social media as a channel of communication. By using this channel,
business could create the information which is used in social media to flow the
information from supplier to consumers. This means that the large portion of
the market is most likely to active on the social media on daily basis. The
main point to concern is that the digital marketing is quite different from
internet marketing. Internet marketing relates to the only marketing which is
collaborated with the internet. Whereas digital marketing is connected with the
telephone, subway platform and video games through smart phone apps. In the
perspective of digital marketing, the advertisement are common source to
advertise the main source received by the audience collectively. As concerned
to the economy of Oman it put negative and positive impacts on the economy
which is not avoidable as it concern with the market of the products which is
purchased by the customers.
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