I liken this to a paradoxical Catch-22 scenario, because it seems like without one you can't have the other. It takes money to drive traffic, but it takes traffic to make money. So don't make the mistake that millions of other online marketers make around the world. Before you attempt to scale or send any semblance of traffic to your offers, be sure to split-test things to oblivion and determine your conversion rates before diving in headfirst.
It may come as no surprise that the marketplace has become increasingly more digital as technology continues to evolve. The benefits of digital marketing are becoming more prevalent every day. More and more consumers are researching and buying products online. According to Forbes, 82% of consumers conduct research online. And, Tech Crunch reports that 79% of people shop online.
When traffic is coming to your website or blog, nearly unfettered, it gives you the opportunity to test out a variety of marketing initiatives. However, without that traffic, you're forced to spend money on costly ads before really determining the effectiveness of your offers and uncovering your cost-per acquisition (CPA), two things which are at the core of scaling out any business online.
By marketing on the Internet, you can overcome barriers of distance. You can sell goods in any part of the country without setting up local outlets, widening your target market. You can also build an export business without opening a network of distributors in different countries. However, if you want to sell internationally, you should use localization services to ensure that your products are suitable for local markets and comply with local business regulations. Localization services include translation and product modification to reflect local market differences.
Competitor marketing is pretty much the obsession of every business owner out there. They want to know what the other guy is saying, doing and what is working. They also want to know what isn’t working, so they can swoop in and poach their customers (admit it, you do this any time you can). But keeping up with the competition’s moves is hard and without the right tools you will… [Read More…]
This isn't about off-the-shelf solutions. You need to really convey something illustrious and beautiful, then fill it with incredible MVP content. Over time, this will become a thriving hotbed of activity for you, where people will come by and check-in repeatedly to see what you're talking about and what value you're delivering. Keep in mind that this won't happen quickly. It will take years. Yes, I said years.
P.S. If you don’t blog on your business page already, we highly recommend you do so. The more content on your site the better. Useful/relevant content on your site will drive more traffic- hence more leads. Blogging is a great idea for anyone trying to appeal to new or returning customers. For more information about blogging and where to start, check out our blogs 🙂
Just two days after Christmas, I received a message from the site owner asking if there was some type of update over the holidays. Traffic dipped sharply on Christmas Day, which it typically wouldn’t do based on their niche, and had gone down more and more since. Traffic typically only goes down by about 20% on Christmas Day and it was down 50% this year. That’s typically not the case from a historical perspective for the site and they were worried that an algorithm update impacted the site again.
At ASOS they provide their customers with value as they use a reasonable pricing strategy as the products that they sell are as seen on screen however sold at cheaper prices. They also use many methods of gaining the customers satisfaction they do this by selling a wide range of branded clothes for both men and women. Some of the brands include Adidas, Bench, Ben Sherman and D&G. They also have regular sales which means that they provide the customers with value and gain their satisfaction. Other ways that they gain the customer satisfaction is by providing an wide range of delivery methods like free returns, flexible delivery and free delivery when customers spend £75 or more. They also have an outlet section on their website which includes stock that have been reduced in price, this section includes stock that is reduced by 50% or more. Below is a print screen of this website:
The customers will have more bargaining power this is because they will be able to compare prices from different sources. For example if a customer finds a product at the New Look website which is the same as what is being sold by ASOS however at a cheaper price. They will be able to give ASOS feedback, therefore ASOS may decide to look over their prices and may reduce some of the prices which will provide them with a competitive advantage and help retain customers. The advantage of this is that the customers will have an influence on the pricing strategy used by businesses and the price of the products will be suited to them.
As mentioned earlier, technology and the internet allows for 24 hours a day, 7 days a week service for customers as well as enabling them to shop online at any hour of that day or night, not just when the shops are over and across the whole world. This is a huge advantage for retailers to use it and direct customers from the store to its online store. It has also opened up an opportunity for companies to only be online based rather than having an outlet or store due to the popularity and capabilities of digital marketing.
Marketing is the core of commerce: it is the art and science of bringing products to market and introducing them to consumers. The evolution of marketing creative strategies and outlets is rapidly changing due to social media and other online outreach opportunities. Marketers, brand managers, product developers, artists, and entrepreneurs who want to thoroughly understand how to use social media outlets and other online media to sell products and reach new audiences should take this course. Explore social and online media from both theoretical and practical standpoints, from basic introductions to advanced insights.
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About Blog The Wax Marketing blog provides tips, techniques and commentary on the evolving landscape of integrated marketing communications for small to medium-size businesses, plus overall advice for the new entrepreneur as well. The blog is entering its 10th year and is the work of integrated marketing communications expert Bonnie Harris, whose mission is to demystify marketing for the growing business.