Promotion, marketing and sales of new technology and e-commerce
Archive for Marketing and Promotion
May 4, 2007 at 3:43 pm · Filed under Marketing and Promotion
Social shopping sites have hit the US by storm and also search engines. An item placed on Crowdstorm will be indexed on search engines within the week. Unfortunately no link is provided by Crowdstorm to the item but if it is Brand awareness and customer appreciation you want then Crowdstorm is for you. More specialist sites have cropped up like Stylehive where you can provide a link and tags for the item. Most of the items on style hive are fashion orientated, but again heavily optimised. If you are struggling for a particular keyword ranking then a site such as stylehive (as long as the products match) is for you. Other sites to include in this post are Kaboodle, ThisNext and Wists. When you join any one of these sites you are given an array of free widgets to show off your choices and recommendations on your blog or site. A smart retailer will make sure that he or she has some of her products on these sites to make sure certain keywords are covered.
March 27, 2007 at 8:43 am · Filed under Clients, Marketing and Promotion
Shopping comparison feeds are important in the marketing of an on-line store, but the upkeep of a feed can be tedious. Within the channeladvisor system shopping feeds are automated everyday, which had enabled us to integrate with google base and shopzilla for this client. Shopping comparison feeds are a great way to boost exposure and sales but as with systems such as Google Adwords you still need to optimise your budget and not throw (waste) money at it.
February 9, 2007 at 1:39 pm · Filed under Marketing and Promotion
The buzz word of 2006 was web 2.0. ‘Oh its so Web 2.0′ you might hear at conferences and seminars. My take on web 2.0 is building a community for your buyers based on the product type on offer. Your customers are moving to on-line sales but they need your advice. Truthful, simple advice without the hard sell. First magazines, gossip columns and newspapers caught onto the blog wave, but now product sellers are paving the way to help the customer make the right purchase.
Adverts may be boring and invasive at times but Blogs are not, take ‘Innocent smoothies‘ they have a web log that provides an interesting insight to their origins, ethics and the people in the company. A blog like this takes of the lid off a large company letting the consumer take a look inside. This is what corporate blogging is all about.
For instance Bluefly.com a fashion designer and retailer launched their blog http://flypaper.bluefly.com to raise awareness and keep customer informed of new styles and movements in the fashion industry.
Top free blog providers out there include Blogger.com, Typepad and Wordpress. Wordpress is also one of the most popular open source blogging software, with a new release at the end of January and a unique ‘Multi-Blogger’ system dubbed ‘Wordpress Mu’ so you can provide your employees with a blog of their own linked to your main domain.
As a new ‘blogger’ I would suggest a free hosted blog before you integrate a blog into your main domain. A ‘news’ blog needs to be updated with new content everyday, but a corporate blog only needs feeding 3-4 times a week. If you don’t update your blog your customers interest will wane and the point of the blog will eventually be lost.
We hope to see you in the blogging revolution!
February 9, 2007 at 1:37 pm · Filed under Marketing and Promotion, Sales
E-Commerce is one of the most important aspects of the Internet. Under this umbrella we have websites with shopping cart functions, marketplaces and shopping comparison sites.
Ecommerce allows people to carry out business without the restraint of time or location. A traditional website can serve anywhere in the world that can log on! The cost per sale is reduced when you’re talking about e-commerce. No human interaction is needed, and errors are reduced as the customer provides all the information.
Customers can search for niche products in an instant, and if you are a seller of niche product, reaching out to the world can increase your sales volumes thus decreasing the cost of the item for you, the business.
The customers experience can be streamlined, they will spend less time over order discrepancies and there is an increased chance of cross selling as the products are just another click away.
So when as a business would you choose a marketplace such as eBay?
Marketplaces are great for customer acquisition; a marketplace such as eBay will spread your branding across the web quicker than any pay per click scheme. Marketplaces have high velocities, great for brand new stock and finishing lines. Marketplaces can also be places to test ideas or new products, you will soon know on whether a product is not going to do well or fly off the shelves.
Protecting your bricks and mortar:
Many traditional companies are afraid of marketplaces and the fierce price wars between competitors. They are afraid of a detrimental effect to the brand, their brick and mortar shops not being able to match the prices and keeping up with the demand of a high volume marketplace. Fear is a great controller, and you must know your enemy. Many high street businesses trade under a pseudonym, access to the product, but it causes no cross over in their high street stores.
As for prices, well the competition for the product types are already there. Many will browse shops muttering that they can get it cheaper on eBay. I know I do. You have to join the race, not shy away from it to stop your competitors getting ahead. Brands are more dilute when it comes to e-commerce; smaller brands come into their own. This trend could start creeping into the high street as broadband gets faster and cheaper and the payment gateways more secure.
Protecting your brand!
As with any new route to channel, you have charlatans to go with it! Is someone trading as you? Using your brand awareness to gain sales? Even if you are not e-commerce active you need to make sure you regularly check your brand on the internet. Reputation is everything to a business and with the anonymity of the internet is easy to impersonate a leading brand.
Advertising on the Internet
Back in the days of the dot com boom all you needed was a website and the traffic was yours. But the giants like Google and Yahoo forced us to search their ay and the fight for natural search was on! To fund their world domination these two titans have their own search marketing schemes or pay-per-click advertising to drive traffic using keywords. Large advertisers can spend thousands on pay per click advertising (probably wasting a lot of it due to bad management) Marketplaces are an active way to do this. For instance on eBay you are advertising as well as physically selling an item. The marketplace has done the hard work for you
February 8, 2007 at 10:46 pm · Filed under Marketing and Promotion
The buzz word of 2007 is web 2.0. ‘Oh its so Web 2.0′ you might hear at conferences and seminars. My take on web 2.0 is building a community for your buyers based on the product type on offer. Your customers are moving to on-line sales but they need your advice. Truthful, simple advice without the hard sell. First magazines, gossip columns and newspapers caught onto the blog wave, but now product sellers are paving the way to help the customer make the right purchase.
Adverts may be boring and invasive at times but Blogs are not, take ‘Innocent smoothies‘ they have a web log that provides an interesting insight to their origins, ethics and the people in the company. A blog like this takes of the lid off a large company letting the consumer take a look inside. This is what corporate blogging is all about.
For instance Bluefly.com a fashion designer and retailer launched their blog http://flypaper.bluefly.com to raise awareness and keep customer informed of new styles and movements in the fashion industry.
Top free blog providers out there include Blogger.com, Typepad and Wordpress. Wordpress is also one of the most popular open source blogging software, with a new release at the end of January and a unique ‘Multi-Blogger’ system dubbed ‘Wordpress Mu’ so you can provide your employees with a blog of their own linked to your main domain.
As a new ‘blogger’ I would suggest a free hosted blog before you integrate a blog into your main domain. A ‘news’ blog needs to be updated with new content everyday, but a corporate blog only needs feeding 3-4 times a week. If you don’t update your blog your customers interest will wane and the point of the blog will eventually be lost.
We hope to see you in the blogging revolution!
February 8, 2007 at 5:01 pm · Filed under Marketing and Promotion
Do you own the rights to your product? Does someone else?
Protect your rights on eBay using the VeRo programme : http://pages.ebay.co.uk/vero/index.html
Do not infringe the rights of owners on eBay.
February 8, 2007 at 5:01 pm · Filed under Marketing and Promotion
Registering with an eBay account will open up your inbox to spoof emails. eBay will NEVER ask you to confirm details through a website. Download the free eBay toolbar here : http://pages.ebay.co.uk/ebay_toolbar/ the bar will turn red if you are accessing a non-eBay site. It also have some other nice features too.
Protect yourself as a seller:
Putting time into a thorough description could really pay off in the bids you receive. A well-done description not only gives buyers valuable information, but it also shows that you’re a conscientious seller putting care into running your listings.
Many sellers have found that adding a creative, human approach to their descriptions boosts bids and sales.
Consider including:
What do you especially like about the item?
Who do you think it would appeal to and why?
Is there an interesting story about the item?
How do you think it might be used?
Types of specifics to include in your description:
What is the item?
What is it made of?
When was it made?
What company/artist/designer/author made it?
What condition is it in?
What are its dimensions?
Where is it from?
Does it have any notable features or markings?
Is there any special background or history?
Don’t:
Assume that if buyers want more information you’ll hear from them by email. More likely, they’ll just bid with your competitors.
Say anything that’s not true
Keyword spam. This means don’t include words that are actually unrelated to your item just because you think they would appeal to buyers. (For example, don’t say: “If you like Ralph Lauren, you’ll like the colour of these towels.”) This is against eBay’s listing policies
Don’t forget that your item description is the place for details about postage, costs, payments or any other details about how you’re running your listing that you didn’t convey in the Sell Your Item form.
Communicate with your buyer:
Make sure they have used your marketworks checkout, if not create an order for them.
Make sure your notifications are correct
Any problems? Discuss them with your buyer.
Return Policy:
State the condition the item must be returned in.
The time scale, i.e after 7 days of reciept.
Conditions of your return policy, e.g only if the item is faulty
Will it be a full cash refund? Minus Shipping?
Paypal:
Paypal is safe, quick and effective. Encourage your buyers to use this option.
February 8, 2007 at 4:49 pm · Filed under Marketing and Promotion, Sales
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February 8, 2007 at 4:48 pm · Filed under Marketing and Promotion
1.Successful e-marketing requires a defined top-level planning process
2.Links e-marketing objectives to the various organisational elements to achieve them.
SOSTAC framework for e-marketing strategy:
Situation – Situation Analysis
Objectives – e-Marketing Objectives
Strategy – how to get there
Tactical – uses marketing mix etc
Action – do it
Control – assess & monitor (Paul Smith in Chaffey, Ch
Situation Analysis
Aim – understand current & future environments to set realistic objectives
Examine following elements:
Immediate (operating) environment
customers, competitors, suppliers, intermediaries
External (wider macro) environment
Internal audit – capability to deliver
People, resources, processes, technology
Demand Analysis
Current & projected use of each channel
Internet Access
Web Site Users
Sufficient Income
Web Site Buyers
Off-Line Buyers.
Competitor Analysis
Monitoring and Benchmarking
Current Capability Analysis
Marketing effectiveness
Internet effectiveness
Objective Setting
Increase Market Share
Reduce Costs
Increase Sales
Should be SMART 
Specific
Measurable
Achievable
Realistic
Timed
Increase On-Line Revenue Contribution!
Strategy Formulation
How the e-marketing objectives are met:
Usually an iterative process (draws heavily on previous strategy formulation topics)
Penetration into a particular market
Market Development – expand the market (Lucozade)
Product Development – modify the product (cereal bars)
Market Segmentation
understand specific needs of new and existing markets & develop strategy to exploit
Tactics, Action & Control
Tactics
Based around elements of the marketing mix
Action
Identify investment levels, training, responsibilities, changes etc.
Just do it
Control
Monitor and obtain feedback through market research and management information
Advertising
What’s different about the web?
“will slowly discover that nothing less than an entirely new publishing and advertising economy is taking shape in this information-based terrain.†(Schwartz 1996)
Questions are:
1.How can marketing content best be delivered to consumers?
2.Will advertising techniques used in print and electronic broadcast media work on the web?
3.Will standard methods used to track the success of advertising in these media work on the web?
Dominant Advertising Principles:
1.Direction of the advertising message is reversed
2.In traditional advertising, the message is imposed on the consumer, who is passive
3.The customer is delivered over to the advertiser in a one-to-many model of marketing communications
4.On the web, the consumer:
Chooses to view an advertisement on a site
Takes actions to uncover the information the advertiser wishes to deliver
Enters the “clickstream†(taking further action)
5.Content regains core of advertising effort
6.Traditional advertising uses brief distilled messages to catch and hold our attention
7.It depends on repetition to deliver the message
8.Content is minimized and simplified to fit the time constraints of media or the size constraints of the page
9.Packing the maximum amount of meaning into the minimum amount of content is critical
Internet Advertisements
1.Banner Ads
an image or banner of varying size on the web page which has the following objectives
2.Click- through: industry average is 0.4%
Branding: you want them to know who you are
Good design enhances click-through & size does matter
3.Interstitial ads
A way of placing full page messages between the current and destination page
Like TV commercials make viewers a captive of the message
Typically last ten seconds or less where the viewer is (hopefully) doing nothing but looking at the ad
February 8, 2007 at 4:47 pm · Filed under Marketing and Promotion
A solid internet marketing strategy can provide your company with an important advantage over competitors and can include e-mailing, advertising, promotions and public relations.
Keeping user profiles, recording visits and analysing promotional and advertising result and key to measuring the effectivness of your marketing campaign
Brand is typically defined as a name, logo or symbol that help one identify a companies’ product or service.
A company’s customers’ experience can be considered as part of its brand and include the quality of customers interatcions with a company and its product or service.
Businesses that already have a strong brand may may find it easier to transfer this to the web, while internet only businesses must strive to develop a brand that customers trust and value.
Uniformity of the brand as it is used across all channels of customer contact will increase brand recognition.
The internet provides an opportunity for further branding for a company and its products. However the internet makes it difficult to protect a company’s brand from misuse and complaint spamming.
Web sites should be designed with customers preferances in mind and NOT those of the company.
Email is a fast, cheap and far reaching marketing tool.
By discovering your target market, you increase visits, responses and possible purchases.
Marketing reasearch can be preformed over the internet, giving marketers a new, faster option for finding and analysing industry, customers and competitor information.
Internet marketing should be used wth traditional marketing to enhance your strategy.
Organisations that plan to hit a global market must have the ability to send emails translated into the appropriate language , demonstrating your value to international customers. You can use altavista babelfish as a basic translating tool, but there are web based email marketing services that WILL provide this service.
Outsourcing servuces should be used when email marketing gets to difficult to manage, because of volume and inadequate staff or technical support.
Determining a goal for your campaign includes defining the reach, or the span of people you would like to target, incliuding geographical locations and demographic profiles. Determining the level of personalisation of the campaign is also improtant.
Use your ‘opt’ in mailing list for existing customers on a monthly basis, there are customers who are confident in your service and product and should be kept informed of new products/services. Word of mouth is also a forgotten aspect to marketing. A satisfied customer with recommend a brand and also buy again.
Traditional and direct marketing includes sending information by mail and using telemarketing, this should be used with email to reach more people.
Direct mailing is often more expensive, more difficult to analyse and has a lower response rate.
To allow people to view your company infomration, add your contact details to a list of companies or organisations related to your field of business.
Placing a direct email link on your website is a great idea but you will need to have the resporce to handle the anticipated volume.
Spamming, mass emailing to customers who have NOT expressed interest in receiving these email can refect badly on your company.
Offering something extra when your customers buy using promotional scheme or points systems can increase brand loyalty.
Placing a discount in your advertising in magazines, newspaper or direct email can bring new and repeat customers.
If you are providing a service offer a free trial so your customers can feel confident with the service before buying.
Your company can place coupons on sites that specialise in online coupons to bring in traffic.
Publising you URL on all marketing and business cards, place links on other companies websites and register with search engines and directories as a means to increase site traffic.
Continually strenthen your branding. Your brand should be unique, recognisable and easy to remember. make sure your main email address and URL are not to lengthy, sales@blah.comThis e-mail address is being protected from spam bots, you need JavaScript enabled to view it or support@blah.comThis e-mail address is being protected from spam bots, you need JavaScript enabled to view it are short and easy to remember.
Test out using banner ads. The benefits of banner advertising include increased brand recognition and exposure.
Be weary of using pop up ads. Most interent users now have pop up blockers and are increasingly annoyed at these kind of ads.
Use minimal adveretising click throughs on your OWN site, for example from google. This can increase your revenue.
Search Engine Ranking is improtant to bringing customers to your site. This is acheived using meta tags.
Know your key words! Good key words are essential to search engines and auction sites
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