Archive for August, 2008

Build it and they will come

admin Popularity: 28% [?] August 30th, 2008

WRONG  -   Many people believe that conducting online commerce is simply about putting up a website and watching the money roll in………

Of course action is better than procrastination, but the real trick is conversion.

Check list:

  1. Viable product or service that is suitable for onilne commerce?
  2. Informative and useful content as judged by your market audience?
  3. Presentable web package (does not have to be expensive, but certainly should not turn people away in the first few milliseconds)?
  4. Orderly presentation of offerings (logical progression of explanations and theme for product or service - thing story building - you need a beginning, a middle and an ending/close)?
  5. Reliable and fast hosting service (fast means it loads without frustrating your viewers - particularly when going from product page to cart views)?
  6. Marketing campaign (where are you advertising, how are you advertising and what are the costs)?
  7. Measuring conversions and tweaking your ad campaign?
  8. Following up on sales, requesting feedback and making adjustments to your approach?

There’s is a lot to do, and it doesn’t have to be daunting or time consuming, but it does have to be done!     You have to find a way to get the traffic and then convert that traffic to sales at an economic cost (no point paying $10,000 for adword campaigns and receiving $8,000 in product sales).

Personally some of the most economic advertising you can do is offline.   Try Radio for $30 a spot…………….   depending on your audience requirement and geographical influence you could do very well with a $1000.00 budget in a well populated area.

Other sources of traffic include doing your own youtube movie with your website across the front of it (little letters please and not spammy videos that make you throw up!).

Anyway, the point of this article is to say don’t leave the final part off your agenda - chase the traffic.   Building it and they will come philosophies only lead to disappointment and frustration.

Popularity: 28% [?]

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How will a global recession effect your online business?

admin Popularity: 35% [?] August 20th, 2008

What measures are you taking to ensure your daily activities don’t end up in the wash with mortgages and stock certificates? Being optimistic, I had a tough time today. Someone sent me the link to Nouriel Roubini’s NY Times interview. It rocked me to the core.

I had not heard of Mr Roubini until this morning. Four hours and 120 articles later, I felt like a mouse stuck in kitty litter. I’ve never been one to enjoy horror stories - but if I was voting for one, this would be it.

For most of my working life, I’ve not had to worry about economists. I’ve never needed one to tell me when things were bad, and generally never thought about them when things were good.

After all, what difference does an economist make to my house that is worth 50% less than 12 months ago? What difference does an economist make to my business that had sales slashed by 65% in the space of 3 months? I only have to look in the eyes of real people - people who have lost jobs, houses, families and their sanity. If I dared to look, the mirror would tell its own story.

Today was different. There are levels of complacency we afford ourselves, that generally self-justify our actions and thoughts. Paramount to survival is a willingness and desire to never give up and always believe in yourself. Never have the words of one man, been able to captivate my attention in such a grave way.

We all know when the party is over, someone has to stay and clean up the mess. Is your online business ready for a global recession? What will change? What will need to change? What new opportunities will there be? Can one economist be right and 100 wrong?

A comment in one thread read words to the effect of “When you realize you are in a hole, it is wise to stop digging.”

Complacency is the evil child of success. If we are not constantly testing our failure theories and understanding what the success drivers were, we succumb to the serenade of tunes that reinforce the habits of yesterday as if they were a cast iron blue print for tomorrow. The status quo and sacred cows that line the tombstones in “Corporateville” are still holding hands in unison for everything they did right.

Make your own judgments regarding the future and how you have to prepare. Rivkin said it best “The downside pain is greater than the upside gain.”

Popularity: 35% [?]

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Blog World Expo - 98 million people this year?

admin Popularity: 34% [?] August 19th, 2008

If you are into blogging, marketing or PR, then make sure you don’t miss the 2008 Blogging and Media Expo in Las Vegas next month!

You can still save 25% on admission if you register by August 22, 2008 - Three days away - so hurry!

According to the organizers this years monster event will include more than 50 siminars.

If you are not sure what so many experts can do for your online business performance, choose a new career.

Popularity: 34% [?]

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