Attention Deficit Disorder (ADD) is a constant battle online. I call it "Shiny Object Syndrome". It is so easy to lose focus these days and bounce from one great idea to the next before we have fully executed on the first great idea.
That's why we need a plan that follows a the path to success.
Decades ago, business owners had it easy - they weren't dealing with the rapid and volatile change we deal with today.There was a strategic, focused way of managing a businesses that you may remember - the 4 P's.
The 4 P's, aka the "Marketing Mix", is a combination of four marketing ingredients that you must constantly balance and control when running your business.
The 4 P's are still relevant today, and we have a bit of an update to applying them to the eCommerce Business:
Product
Offering static, cataloged products no longer wins the race. With comparison shopping sites and huge online stores like Amazon, how do you compete on Product alone? Google has changed the way we buy online and your customers now start with the goal in mind (a product), then choose which supplier to buy from.
If you're selling eProducts or online services then you still have the power to innovate and stay ahead of the game, but if you're selling tangible goods you need to be offering a valuable experience AND proving your credibility. Here are a couple of proven techniques to demand credibility:
-
Allow customers to offer feedback with comment forms on blogs, announcements and products. This builds online credibility for your next round of customers to see, making them feel more comfortable doing business with you.
- Offer a public forum where customers can discuss what they like/dislike about your product or service. You can always moderate the forum if you are concerned about negative feedback.
- Give your customers individual, personalized attention through exceptional customer service.
- Prove that you're an expert by creating content & educating you customers about the products.Give customers detailed photo galleries, videos, specifications and anything else they won't find in a "bricks and mortar" store. Customers crave information in their quest to become more informed.
Price
Competing on price is a hard battle to win.
Read More