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Does your business struggle with profitable online marketing? If so, you
are not alone. Attracting the right customers to a site and keeping them
coming back - while also turning a profit - can be a challenge.
Consequently, I'm always on the lookout for ways to demonstrate profitable
online strategies.
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Last night, as I watched the Baseball All Star Home Run Derby and visited
Major League Baseball's Web site, it struck me. The league is doing many
things to effectively find and attract targeted Web customers, while
simultaneously generating revenue.
In fact, I noticed numerous lessons from Major League Baseball you can
consider to profitably target your own customers. Here are six of them:
Think Through Your Business Models
Free information and activities are present, but well thought out,
revenue generating business models are also evident.
Lesson 1: Make your profit generators stand out.
MLB.com has a separate, prominent navigation menu for profit producing
activities - MLB Shop, Tickets, Auctions, Subscriptions - which appears in
the upper right on all pages, where potential paying customers cannot miss
it.
Importantly, each corresponding area of the site is narrowly focused on
the visitors' interests. For example, the shop sells baseball - and only
baseball - items. This is readily apparent from the slogan "For all
things baseball".
Lesson 2: Sell subscriptions.
The league generates revenue from a variety of event subscriptions - live
video broadcasts, live audio broadcasts, archived clips, and fantasy games.
This also help open the door for repeat purchases and add-ons.
Lesson 3: Include advertisements.
Pop-ups and other online advertising are a fact of life on free-to-user
sites. Major League Baseball demonstrates taste and intelligent
implementation with their pop-under, limiting each visitor to a single
impression. Banner advertisements and sponsorships are also apparent.
Develop Profit Pulling Marketing Techniques
Lesson 4: Segment your visitors.
The league uses a "hub and spoke" system, which allows visitors
to choose their own interests. There is one general site (MLB.com), with
links to several specialty sites (stlouis.cardinals.mlb.com, etc.).
This portal approach helps segment visitors into specific interest
groups. It is a win-win strategy. Visitors find what they are looking for
and the league can more easily target its marketing activities.
Lesson 5: Target locally.
Each "spoke" off the MLB hub contains local content, which
segments visitors regionally. The league targets products and services
accordingly.
For example, the Cardinals team site includes detailed information for
Cardinals baseball events, ticket purchasing for Busch stadium games, and
auctions for St. Louis related baseball memorabilia.
Lesson 6: Offer tiered products.
MLB offers subscription services at many levels. By packaging fantasy
games into progressively larger bundles, they encourage trial as well as
repeat visits. The offering also target customers according to interest
level and budget.
There you have it - five lessons in profitable target marketing from
Major League Baseball.
-- Bobette Kyle draws upon 10+ years of Marketing/Executive experience, a
Marketing MBA, and online marketing research in her writing. Her book shows how to better find, target, and attract Web customers.
Read about it here: http://WebSiteMarketingPlan.com/bookinfo.htm
Copyright 2003 Bobette Kyle. All rights reserved.
July 29, 2003
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