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MARKETING In popular usage, "marketing" is the promotion
of products, especially
advertising and
branding.
However, in professional usage the term has a wider meaning of the
practice and science of trading. The
American Marketing Association (AMA) states, "Marketing is an
organizational function and a set of processes for creating,
communicating and delivering value to customers and for managing
customer relationships in ways that benefit the organization and its
stakeholders."
Marketing practice tends to be seen as a creative industry, which
includes
advertising,
distribution and
selling.
It is also concerned with anticipating the customers' future needs and
wants, which are often discovered through market research.
The scientific study of marketing is a wide and heavily
interconnected subject with extensive academic publications. Marketing
methods are also informed by many of the
social sciences, particularly
psychology,
sociology, and
economics.
Anthropology is also a small, but growing influence. Market research
underpins these activities. Through
advertising, it is also related to many of the
creative arts. The marketing literature is also infamous for re-inventing
itself and its vocabulary according to the times and the culture.
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ADSENSE
Internet search technology to serve advertisements based on
website content, the user's geographical location, and other
factors. Those wanting to advertise with Google's targeted
advertisement system may enroll through
AdWords. AdSense has become a popular method of placing
advertising on a website because the advertisements are less
intrusive than most
banners, and the content of the advertisements is often
relevant to the website.
Currently, AdSense uses
JavaScript code to incorporate the advertisements into a
participating website. If the advertisements are included on a
website that has not yet been
crawled by the
Mediabot, AdSense will temporarily display advertisements
for charitable causes, also known as
public service announcements (PSAs). (The Mediabot is
different from the
Googlebot, which maintains Google's search index.)
Many websites use AdSense to monetize their content. AdSense
has been particularly important for delivering advertising
revenue to small websites that do not have the resources for
developing advertising sales programs and salespeople. To fill a
website with advertisements that are relevant to the topics
discussed, webmasters implement a brief script on the websites'
pages. Websites that are content-rich have been very successful
with this advertising program, as noted in a number of publisher
case studies on the AdSense website.
Some webmasters invest significant effort into maximizing
their own AdSense income. They do this in three ways:
- They use a wide range of
traffic-generating techniques, including but not limited
to
online advertising.
- They build valuable content on their websites that
attracts AdSense advertisements, which pay out the most when
they are clicked.
- They use
copy on their websites that encourages visitors to click
on advertisements. Note that Google prohibits webmasters
from using phrases like "Click on my AdSense ads" to
increase click rates. The phrases accepted are "Sponsored
Links" and "Advertisements".
The source of all AdSense income is the AdWords program,
which in turn has a complex pricing model based on a
Vickrey second price auction. AdSense commands an advertiser
to submit a sealed bid (i.e., a bid not observable by
competitors). Additionally, for any given click received,
advertisers only pay one bid increment above the second-highest
bid.
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