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The
Small
Business Advisor
Newsletter for April,
2001
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CONTENTS Notes, tips, etc Hints For An Effective E-Commerce Website Seven
Powerful Marketing Techniques
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NOTES/TIPS/etc
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CREDIT CARD FRAUD-FIGHTING TIP. For those of you with merchant accounts
and doing commerce over the telephone/internet, ask the customer for the
three digit (CVV) number above the signature panel on the back of the
credit card. This prevents someone from using a credit card number without
the card. Of course, this is only of value of your software or terminal
is setup to input this number! Contact your merchant account provider
for details.
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NEED WIRELESS E-MAIL? Visit http://www.goamerica.com for a variety of
solutions.
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GOVERNMENT BUSINESS. There are thousands of business opportunities with
both state and local government. GovernmentBids.com collects requests
from state and local governments and makes them available (for a monthly
fee of about $30) at http://www.governmentbids.com.
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INTERNET E-COMMERCE & E-MARKETING RESOURCES Search Engine Watch, http://www.searchenginewatch.com,
news and information about search engines. AdResource, http://www.adresource.com,
advertising and promotion services. Refer-it.com, http://www.refer-it.com,
directory of affiliate programs. CyberAtlas, http://www.cyberatlas.com,
internet statistics and facts. Internet PR Guide, http://www.internetprguide.com,
tips for news releases and other PR topics.
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HINTS FOR AN EFFECTIVE E-COMMERCE WEBSITE
by Robert Sullivan
If you're going to
sell something using the internet (e-commerce) you need to pay attention
to what it takes to get a customer to actually purchase an item using
your shopping cart. There are plenty of designers who don't have the foggiest
idea of what is required for an effective shopping experience on the Internet
so it's up to you to give direction whoever you hire. The designer might
be great at html and/or graphic design but that is only the beginning.
Shoppers use the
Internet to SAVE TIME. So the shopping experience must be easy and quick.
With this important statement in mind, here are a few specific ideas to
increase the probability that a shopper will buy from your website.
1. The navigation
on your website should be easy to use and consistent throughout. Forget
fancy drop-down menus that look like Microsoft Explorer or distracting
animated menus - just stick to what is obvious, like tabs or simple directory
listings.
2. Make the shopping
cart east to find and include it throughout your e-commerce website. A
visitor should always be able to instantly navigate to his or her cart.
3. Make the shopping
checkout experience fast and easy! Don't include form elements asking
for how you liked the website, what new products would you like to see,
your age, etc. Ask for ONLY what is required for the transaction - name,
address, e-mail, credit card info, etc.
4. Make certain your
website contains full contact information that is easy to find. A telephone
and address are a MUST. Also ensure that the customer can easily determine
any extra charges, what shipping cost will be, return policy, etc. There
should be no surprises for the customer.
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SEVEN HIGHLY EFFECTIVE MARKETING TACTICS Copyright 2000
by Bob Leduc
Here are 7 well known,
highly effective marketing tactics many small business owners overlook
when developing their marketing program. How many have you overlooked?
1. BE UNIQUE The
best way to beat your competition is to promote a distinct advantage your
customers cannot get from a competitor. This is often called your USP
(short for Unique Selling Proposition). If you don't already have a distinct
advantage, create one. Add something to your business you're not already
doing. One network marketer I know doubled her sign up ratio by providing
free sales leads to her new distributors for their first 4 months.
2. USE TESTIMONIALS
Collect and use testimonials. Testimonials from satisfied customers are
similar to referrals. Both provide your prospect with evidence that your
product or service produced results for other customers just like them.
I've performed many tests using the same messages with and without testimonials.
Those with testimonials always increased sales, often by as much as 65%
or more.
Don't wait for satisfied
customers to volunteer a testimonial. Instead, follow up with some customers
soon after completing a transaction. Ask what they liked best about your
product, service or business opportunity. You'll get many flattering compliments.
Ask for permission to use them in your promotions.
3. MAKE AN UPSELLING
OFFER Upselling is a proven technique you can use to get more money at
the point of sale. Customers will never be more receptive to an attractive
offer from you than when they're paying you money. Offer your customers
or clients the option to upgrade to a better product or service at a special
price. Or, offer the option of adding a related item to the sale for a
special combination price. Many will accept your offer. An upselling offer
can increase your average sale by 30 percent or more without creating
any advertising expense.
4. TRIVIALIZE YOUR
PRICE Demonstrate a low cost for your product or service by breaking down
the price to its lowest time increment. "$325 per year" frightens
many customers away. "Enjoy all of this for less than 90 cents a
day" attracts them to the low cost.
5. STRESS BENEFITS
BEFORE FEATURES A feature is what something is. A benefit is what it does.
For example, my favorite donuts are now delivered in a re-sealable box.
That's a feature. The donuts stay fresh for a week after I first open
the box. That's the benefit. Promote the benefits of your product or service
before you promote the features of it. People never buy something to get
a feature. They always buy to get the benefit produced by the feature.
6. FOCUS ON THE HEADLINE
Always include a headline with your ad, sales letter or webpage. Include
your biggest benefit in the headline to grab your prospect's attention.
Otherwise, many prospective customers won't read your promotional material.
When you develop a new promotion, test different headlines to find the
most effective one BEFORE you test anything else. After you find the headline
that attracts the most readers you can test to find the most motivating
copy for them to read.
7. MAKE AN OFFER
Never advertise without including an offer. An irresistible offer is the
number one reason why people buy something. To substantially increase
the response to your advertising, substantially improve your offer. Many
small businesses advertise without including an offer. This is a costly
mistake because it doesn't provide a reason for prospective customers
to respond. The best way to get a big response from your advertising is
to make an offer your prospects can't refuse.
Are you using all
7 of these tactics in your promotions? If not, revise your marketing program
to include those you've overlooked. You'll immediately enjoy a big increase
in your sales and profits without increasing your expenses.
Contact Bob Leduc,
author of "How To Build A High-Profit Business On A Low-Impact Budget,"
at BobLeduc@aol.com Subj: "ProfitBook".
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