E-commerce is rapidly becoming the new
frontier of the 21st century. As a business strategy with tremendous
potential, it's worth taking a close look at what works and why, and
why it can work for you.
Businesses Online
In 1996, there were less than 50,000 businesses online. By the year
2000, that number had grown to over 400,000. It's obvious that
maintaining an online presence has become a major business strategy
with companies all over the world realizing the potential of
Internet media. In the present business climate, there is a clear
advantage to being on the Web ahead of your competitors and in
presenting a high quality image and positive, productive
communications through your Internet contacts.
Growth of Internet Users
The growth of Internet users world wide has been phenomenal, with
the number reaching an estimated 513,410,000 by August of 2001. See
the breakdown below.
Internet Revenue
Revenue from Internet sales have increased right along with the
growth in Internet users. In 2000, sales through Internet sources
increased more than 30 percent worldwide over the previous year.
Sales over the Internet in North America alone, have experience a
phenomenal growth. Forrester Research Inc., a national research
firm, has published the following international sales forecast
numbers. Notice that over half of the sales accrue in North America.

Your Website
A well-focused
website is the electronic version of an attractive reception area in
your office or factory, or an inviting window display in your store.
People who want to know if you have anything to offer them can come
in and browse at their leisure, 24 hours a day, seven days a week,
getting to know you and your products or services - without costing
you additional full-time staff or over-time hours.
While a website won't go out and drag people in off the net,
selective positioning can put you high on the list of sites
potential clients visit in their search for the products you carry.
More importantly, a website makes you instantly available to your
regular customers and establishes a base of operations from which
you can provide information to clients, receive their orders and
inquiries or efficiently handle customer service questions.
Information of all types can be permanently or temporarily stored on
your website, reducing the expenditure on print advertising,
catalogs, spec sheets and promotional materials. As an adjunct to
your regular marketing program, a website is an incredibly
cost-efficient way of maintaining an up-to-the-minute connection
with your customers.
A website also provides a great deal of flexibility. Compared to
tearing down walls at your business or putting up partitions in your
office, modifications to a website are quick and easy, allowing you
to tailor the site content to meet the growing needs of your
business and your customers. Regular updates about your newest
products or the latest innovation in the industry can also put you
well-ahead of your competitors. When clients discover that you are
an ever-expanding, cutting-edge source for the products and
information they need, they will return time and again to see what
you have to offer.
E-mail
Nothing is as direct, as immediate or as inexpensive as
e-mail communication. Think about it - there are no printing, paper
or postage costs. According to New Century Communications and
AdRelevance, the average cost of permission-based direct e-mail in
2001 was $0.20 each, while direct mail was between $0.75 to $2.00
and telemarketing ranged from $1.00 to $3.00 each call.
Additionally, direct e-mail provides quick sales lead generation at
no extra cost. According to a new DoubleClick study, 88% of people
replying to permission-based e-mail have also made purchases in
response to that e-mail message.
As an interactive medium, e-mail lets you establish a dialogue with
new and present customers. Regular messages can create brand
awareness or elicit continued responses from your clients.
E-conversations with your customer base contain invaluable
information that you can use over and over to meet their needs and
boost your sales.
E-mail is also a highly trackable way to communicate. You get
immediate notification of the changes that are necessary to update
your contact list. You can see what sales techniques work - and what
doesn't - and you can easily run tests utilizing different messages
to small group, seeing the results generated by each message. Every
prospect can be treated as a unique individual so that you can
continue to provide personalized, relevant marketing campaigns and
collect an astounding amount of helpful marketing information from
your e-mail system.
The biggest plus may be that e-mail provides an incredibly easy way
for customers to respond - and buy - since they are already on line.
According to eMarketer, 80% of e-mail marketing messages elicit
responses within 48 hours and generally no longer than a week,
versus six to eight weeks for a traditional direct mail piece.
Newsletters
The Internet newsletter is really the up-and-coming player in sales
and marketing. They are one of the best ways to remain in contact
with people and establish your credibility as an honest and
knowledgeable individual or company. You can report on subjects such
as legislative issues that affect your industry, new developments
and new ideas, informational shorts and calendar items, as well as
many others.
When you share your information and expertise, customers also become
receptive to hearing about your new products and important events
specific to your company. Demonstrating that you are focused on
their needs and are willing to share information, also creates the
perfect opportunity to include business updates, announce new
products and services, survey your subscribers to learn what they
are looking for, offer "subscriber only" bonuses and
printable coupons. Potential customers are much more likely to
purchase from you, rather than a stranger, because they have an
established connection with your company. With that ongoing
relationship, your clients become receptive to a wide variety of
promotions and your opportunities are limited only by the
imagination.
Promotional
Pages
Advertising by promotional page is an extremely effective way to
highlight a single product and is rapidly becoming the product
presentation form preferred by store buying departments. Especially
when combined with e-mail or newsletter programs, it offers terrific
versatility in adapting your advertising to specific interest groups
and retail customers. Promo pages have been routinely used in print
media to introduce a product, but the electronic version can be used
and reused for as long as needed without additional printing
expense. It is clean, focused, concise and detailed, and by
including a high-quality digital photograph, is the next best thing
to putting a product sample in their hands.
Affiliate Programs
If you are a qualifying
business, an affiliate program may be perfect for you. It allows you
to multiply the exposure of your products and services through the
use of many websites operated by others - people who are interested
in your industry or a related field. While the affiliate receives a
cut of each sale or referral, this method lets you reach hundreds or
thousands of potential buyers at a rate you alone could never
achieve. With several types of affiliate programs to choose from, at
least one of them could provide the new marketing leads or sales
growth you have been looking for.
Classified
Advertising
Internet electronic classified ads are an electronic version of the
classified ads you see in your newspaper everyday. If your product
or service lends itself to classified advertising, then this method
can be an extremely powerful sales tool, especially when you can use
the speed and flexibility of electronic media to your advantage.
Press
Releases
Electronic press releases are easy to do and they cost next to
nothing to distribute. A press release carries with it the
intimation of importance and immediacy. Newspapers and magazines
routinely receive press releases and are usually very anxious to
publish them. Your event, whether it be a business anniversary or
the unveiling of a new product, can be advertised broadly or to
focused groups and can also reap the benefits of being printed in
prestigious or authoritative publications. |