by Jonathan Crossfield
Online
marketing has given businesses large and small all over the world the ability
to compete on a level playing field. But although your online store has the
potential to reach more potential customers than you could ever dream of,
converting them into sales is often overlooked in this constant push for a high
Google position and a strong link campaign.
Too many
online marketing campaigns focus on achieving high levels of traffic. But if
that traffic doesn’t produce a corresponding increase in sales, the return on
your investment suffers.
Same Old, Same Old
The
downside to the spread of online shopping is that your business is most likely
competing with hundreds, if not thousands, of other businesses offering similar
products. You sell gift baskets? There are plenty available. An online
bookseller? You’re probably lost in the crowd. Health food supplements? You
could choke a rhino with the number of vitamin pills available.
So if you
are most likely selling the same products, or similar, as many other websites
out there, what makes you think people will choose to buy from you instead of
your competition?
Stand Out From the Crowd
Most
businesses tackle this problem with search engine optimisation (SEO). If you
are listed higher in Google than your competition, the traffic will most
probably flow to you first, giving you the best chance to close a sale. But
focusing on SEO is only half of the problem.
Let’s have
a look at online buyer behaviour.
Firstly,
most online shoppers don’t buy from the first website they visit. Online
shopping has made the concept of shopping around as easy as a few mouse clicks,
so most customers will check a handful of sites before deciding on a purchase.
In fact, this means that your site may actually perform better if it sits at
number 3 or 4 in the Google rankings. If a customer is looking at the third or
fourth website and sees no real difference in the offer, rather than return to
the first site to buy, they will most likely purchase from the site they are
on.
So what are
the factors that most likely convince a customer to hit your big red ‘Buy It
Now’ button?
Aegis’
Group’s Synovate recently did a survey for Guidance and came up with some
surprising and not so surprising results. Asked to rank various factors, the
survey group unsurprisingly selected price as the number one decider.
What
becomes more interesting is when you consider the second most popular – free
shipping.
Between
them, price and free shipping make up easily the majority of the chart, with
promotions, coupons and checkout procedures only receiving a very small
percentage of the vote.
Why You Shouldn’t Focus Only on
Price!
Of course,
price and free shipping amount to pretty much the same thing for the customer.
They want to buy the product for cheaper than they can get it down the road and
they don’t want shipping costs to impact on this bargain. It also destroys the
myth that customers are willing to pay shipping for the convenience of home
shopping.
The truth
is more likely that people are quite happy to shop at their local shopping
centre if your online store can’t beat the price, shipping included.
As always,
the best marketeers are those that understand what drives a customer to buy. By
analysing this information and planning ahead, you can refine your marketing
strategy in less traditional ways to gain that competitive advantage.
About the Author
Jonathan Crossfield is the Online Editor and Copywriter for
Netregistry's Marketing Department and a regular contributor to Nett Magazine. If you would like Jonathan to write vibrant, fresh content for your website or marketing campaigns, enquire about Netregistry's Copywriting services.
If you enjoyed this post or found it informative, let others know by
submitting to the following services! Thankyou.