ASOS use many techniques to ensure that they standardize their sales performance, for example they ensure that they are always taking suggestions from customers this will help them to identify their weaknesses and improve them. They have also entered new market sectors like beauty and children’s by doing this it will allow the business to attract more customers hence they will be able to standardize sales. At ASOS they have regular sales when the products are reduced by 50% or more. Currently 7% of the users make a purchase with an average basket size of £39.92 to £48.80. ASOS have an approximate average of 220,000 daily visitors; they have 3.3 million shoppers each month and have 1.8 million registered users. The sale for the year ending in 31 March 2008 was £81 million. Below shows one of the beauty products that ASOS has invested into and this will help the business to increase sales as it attract more customers and retain existing customers. By doing this it will the business to develop and expand hence widen the business opportunties and therefore increase sales and revenue.
Readers often consider marketing and online marketing as a single concept. However, the two are different from each other. Marketing is simply broadcasting information about anything offline, be it a product or a business. On the other hand, online marketing is broadcasting the same via an online medium. This also entails social media marketing, email marketing and much more.
It can really be surprising when business owners learn about how helpful online marketing can be. After all, there are many facets of online marketing that can ensure it is useful for your business. For example, as is pointed out, online marketing can be tracked, meaning you can see what is and isn’t working for your business and adjust accordingly.
Social media has been one of the fastest growing digital marketing channels for years now and continues to play a major role in brand development and customer acquisition and engagement. Social media now is a critical element to effective content marketing and search engine optimization strategies. These marketing strategies simply can’t exist well without one another.