EFFECTIVENESS OF DIGITAL MARKETING STRATEGIES OF NETWORK MARKETING COMPANIES ON CONSUMER PSYCHOLOGY

Authors

  • Ganesh Antre Research Scholar, Institute of Business Management and Research Development, Ahmednagar, India
  • Dr. Sanjay Dharmadhikari Director, Institute of Business Management and Research Development, Ahmednagar, India

DOI:

https://doi.org/10.29121/shodhkosh.v5.i6.2024.1653

Keywords:

Digital Marketing Strategies, Consumer Psychology, Sales Performance, Network Marketing Companies, Consumer Engagement, Brand Perception

Abstract [English]

The rapid advancement in digital technologies has transformed the landscape of marketing, leading to the widespread adoption of digital marketing strategies by network marketing companies. This research paper examines the positive impacts of digital marketing strategies on consumer psychology and sales performance within network marketing companies. Utilizing a sample of 259 respondents, the study employs quantitative analysis to explore how digital marketing initiatives affect consumer engagement, brand perception, and purchasing decisions. The study highlights that personalized digital marketing strategies significantly enhance consumer engagement, influencing their perception of brands and increasing their likelihood of making purchases. Additionally, the research identifies a direct correlation between the frequency of digital marketing campaigns and improved sales performance. Special promotions and interactive digital marketing tactics further contribute to consumer purchasing decisions and trust in network marketing companies. The findings suggest that effective digital marketing strategies can lead to higher sales and improved customer loyalty. This paper provides valuable insights for marketers looking to optimize their digital strategies to better meet consumer needs and enhance sales performance.

References

Bala, M., & Verma, D. (2018). A critical review of digital marketing. International Journal of Management, IT & Engineering, 8(10), 321-339.

Brettel, M., & Spilker‐Attig, A. (2010). Online advertising effectiveness: A cross‐cultural comparison. Journal of Research in Interactive Marketing, 4(3), 176-196. DOI: https://doi.org/10.1108/17505931011070569

Challa A and Anute N (2021) The Effectiveness of Instagram Content Marketing on Brand Building of a Company, Journal of Sales, Service and Marketing Research e-ISSN: 2582-7804 Volume-2, Issue-2 (2021), page no. 1-7 DOI: https://doi.org/10.46610/JSSMR.2021.v02i02.001

Deshwal, P. (2016). Online advertising and its impact on consumer behavior. International Journal of Applied Research, 2(2), 200-204.

Dewani, S. L., Presida, S. B., & Swatantra, G. Y. (2022). The role of cyberpsychology in the context of digital marketing. Klabat Journal of Management, 5(1), 72-89. DOI: https://doi.org/10.60090/kjm.v5i1.1060.72-89

Husnain, M., & Toor, A. (2017). The impact of social network marketing on consumer purchase intention in Pakistan: Consumer engagement as a mediator. Asian Journal of Business and Accounting, 10(1), 167-199.

Krishen, A. S., Dwivedi, Y. K., Bindu, N., & Kumar, K. S. (2021). A broad overview of interactive digital marketing: A bibliometric network analysis. Journal of Business Research, 131, 183-195. DOI: https://doi.org/10.1016/j.jbusres.2021.03.061

Mustaphi, B. M. (2020). Digital marketing strategies for effective customer relationship management. Journal of Modern Accounting and Auditing, 16(8), 376-384. DOI: https://doi.org/10.17265/1548-6583/2020.08.004

Nuseir, M. T. (2016). Exploring the use of online marketing strategies and digital media to improve brand loyalty and customer retention. International Journal of Business and Management, 11(4), 228-238. DOI: https://doi.org/10.5539/ijbm.v11n4p228

Shen, G. C. C., Chiou, J. S., Hsiao, C. H., Wang, C. H., & Li, H. N. (2016). Effective marketing communication via social networking site: The moderating role of the social tie. Journal of Business Research, 69(6), 2265-2270. DOI: https://doi.org/10.1016/j.jbusres.2015.12.040

Yasmin, A., Tasneem, S., & Fatema, K. (2015). Effectiveness of digital marketing in the challenging age: An empirical study. International Journal of Management Science and Business Administration, 1(5), 69-80. DOI: https://doi.org/10.18775/ijmsba.1849-5664-5419.2014.15.1006

Downloads

Published

2024-06-30

How to Cite

Antre, G., & Dharmadhikari, S. (2024). EFFECTIVENESS OF DIGITAL MARKETING STRATEGIES OF NETWORK MARKETING COMPANIES ON CONSUMER PSYCHOLOGY. ShodhKosh: Journal of Visual and Performing Arts, 5(6), 112–125. https://doi.org/10.29121/shodhkosh.v5.i6.2024.1653