Surviving the Online Market
58
An Obstacle for Small Business
A prediction by Borrell Associates is that in merely 5 years, small and
medium sized business will triple their non advertising online
spending. In numeric figures, about 1.63 billion dollars is spent on
online marketing that does not include advertising like PPC, Banner ads
and the likes. It is also expected that during this same time, offline
advertising will diminish to 19% of a marketing budget. With the
offline marketing budget sinking this low it is presumed that all the
money is going into the internet. But what will businesses be buying
online and how will it affect your business?
All Online Spending = Web Marketing for small businesses
For
small businesses, non-advertising spending is considered as web
marketing as long as it is made online. There is no distinction or
allocation on any money spent on the web. Unlike in offline budgeting,
the budget is divided into categories like: advertising, building
maintenance, PR, marketing and sponsorship. A new bulk of businesses
does not distinguish between web related expenditures.
The best way to market online is to explicitly layout your products and services
Measuring
the success of online promotional schemes is a task nearly impossible
for the ordinary business owner who is used to putting out an ad and
waiting for customers to call or walk in the store. This is an
indication of the widespread lack of understanding of what really works
online. It should be known that in the online world, the user is in
complete control. It is a simple but profound truth. Your customers can
compare prices, features and plans in seconds. It is literally easier
to click away form most pages than to navigate in them. You cannot just
sell anyone anything online, they have to want to buy it.
Online,
consumers are accustomed to landing exactly on the information they
seek and have less patience for anything else. A confusing navigation
and irritating shopping carts are simply intolerable for online
consumers. This means that money spent on creating a customer buying
course or reorganizing your shopping cart process can pay off.
USUALLY, Readers don’t start with the Table of Contents and Shoppers don’t start at the homepage
Most
of the time, online visitors enter your website via pages other than
the homepage. This means that your main point needs to be clear
throughout your website. Regardless of what your business is, people
are searching for relevant information. They have a problem and want to
know if you can help them solve it. This has always been the trend both
online and offline, yet the vast majority of business websites still
continue to focus on the aesthetics rather than the explicitness of the
site. They usually make visitors jump through hoops to find a contact
number.
Now, what do your visitors really want from your site. Sit
back and try to ask this question to yourself, and be on the
perspective of any ordinary online visitor. Write down the top 5
questions, problems or concerns your customers have. Now write the
answers just like you are speaking to a real person. Be specific and
substantiate your claims. It can be as follows.
Make sure the
content is clear, concise and not full of sales talk. Start with: “A
client came to us with ____ and we helped them _____. ” “Our pricing
programs are individual and based on _____ , ______, and ______. ”
Always include a call to action and whenever possible make it personal.
These examples would be: “We would love an opportunity to answer your
questions in person, please call 123 456 7899 and ask for Dave
Willkey.” Or “Do you have what you need? If not, one of our operators
would be happy to help you find the item you are looking for and answer
any questions. We look forward to speaking with you, just call 123 456
7899”.
Your customers are simply looking for information online.
Make it easy for them to find answers to their questions in your
website. The easier it is to navigate in your online site, the better
your chances are of standing out from a multitude of other business
websites. Do remember that without an effective web presence – your
company might not exist.
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