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What this tells us is that people no longer view Internet as a low-cost option. So perhaps you need to take a look at your own website and focus more on making buying process as quick and simple as possible rather than trying to cut prices to attract buyers..
Q. 3 - "In Internet terms, what is a ‘spider'?"
B. It's a software tool that search engines use to retrieve information from websites
When your website is submitted to a search engine search engine sends out a ‘spider' to visit your site and retrieve all information from it. The spider then returns to search engine with all information that is then added to search engine's database.
The results you see when you use a search engine are not live snapshots of websites. Instead, results show information that spider collected last time it visited each website. This is why it is sometimes possible to see a link that looks fine in search engine results and then click on it to find it no longer exists.
This is because search engine spider has yet to revisit this website and update search engine's records.
Q.4 - "What is industry average click through rate for banner advertisements? I.e. what percentage of all banner ads are actually clicked on?"
A. 0.39%
The latest studies indicate that only 0.39% of banners shown are actually clicked on. With powerful graphics and enticing offers this average clickthrough rate can be improved ten-fold or more. But point remains that advertising by using banners alone no longer appears to be viable route unless, that is, costs of using this method are exceptionally low.
Q.5 - "According to latest research from Computer Industry Almanac what was worldwide online population in 2004? I.e. how many of people, worldwide, accessed Internet at some point in 2004?"
A. 934 million
It's predicted that this year online population will hit 1 billion! Not all of these people will be your potential customers but no matter which way you look at - there has never been a better time to have a well-marketed website!
**SCORES - How Many Did You Get Right?
0 - 2: Don't forget - you learn more in this life from your mistakes than you do from anything else!
3 - 4: Well done! You obviously know your stuff or you're good at guessing!
5 out of 5: Outstanding! Top marks for you!
Michael Cheney is the Author of The Website Marketing BibleTM:
"High five Michael! Your bible is superb! The world needs to read it and learn from it." - Jay Conrad Levinson, Author of "Guerrilla Marketing"
http://www.websitemarketingbible.com