If you've been pondering how to profit from your website, I've got news you'll want to pay attention to. A recent research study by Yahoo! And Grey Worldwide, San Francisco provides some priceless information to you online marketers.
The report indicated business owners reported Web sites topping
list of "critical" marketing tools (69%), followed by search engine keywords (36%), and community relations (35%).
Other "critical" marketing tools included email marketing (24%), direct mail (22%), and
Yellow Pages (12%).
Now
other key piece of information you need to know is why buyers go in search of your Web site. The answer: to find information.
Interestingly Thomas Industrial Network's study indicates that 55% of buyers found lack of specific product information to be a chief complaint and reason for going elsewhere to do business.
One of
obvious challenges for very small and home based businesses is competing with
advertising budgets of larger small businesses and midsize companies.
But if small and home based businesses focus on providing value driven quality content there's an opportunity to get buyers attention using focused campaigns that make
best use of applied resources.
I have found several tools that are helpful in managing a strategic advertising system that focuses on relationship building. So don't let budget limitations deter you. Study what
"big dogs" are doing and modify it to fit your business.
I'd like to share with you seven of
mistakes that are among
most common that are made. This information is value critical if you intend to see marketing efforts drive sales increases. Since all successful relationships, professional and otherwise are based on meeting mutual needs, both parties have to leave
metaphorical table feeling satisfied that they got what they needed and wanted out of
exchange. Anything less and
relationship is less than successful. This is
reason that relationship marketing forms
framework for
mistakes and
solutions to them offered here.
Market and Sales Departments must move along parallel tracks. Effectiveness depends on both being under
control of a knowledgeable marketer to ensure both short and long term grown.
This actually gives one-person small business operations an advantage over larger corporate entities. One of
major reasons this advantage exist is
increased ability to respond quickly to changing market climates or in implementing new information. In this case, coordinating sales and marketing to produce consistent results.
Using invented words to function alone in branding. Instead attach made up words to a defining tagline. To get maximum value of this kind of branding strategy, make sure your tag line tells prospects about your value proposition.