A poster in a popular webmaster s
discussion forum recently said that he is on-track to reach and even exceed
-- seven-figures in revenues this year. That's a million dollar, folks, from
a year-old website that does not even get a tremendous amount of traffic.
According to the poster, the revenues are mostly from a combination of
contextual advertising, affiliate programs and banner advertising. Just ads
and no products!
(article continued below ...)
Whether the poster is bluffing or not, the Web has truly revolutionized
the way business is done. It is the most dramatic economic phenomenon of the
decade. More importantly, it has opened doors to those seeking to start or
grow their businesses. By creating websites, many have realized their dreams
of becoming entrepreneurs; where the Web now provides either their full-time
or part-time additional income. And yes, the Web has created many millionaires.
While the Web has brought fortune to some, there are many more people who
can't seem to make the Web work for them. They join various programs, buy
every possible business opportunities they can find, and create sites on a
wide variety of topics all to no avail. All they earn is a couple of hundred
a month, if at all.
So what are the ways to succeed online? Below is a list of some of ways
you can ensure the success of your online business. Use and apply
them to your own online businesses:
1. Give Value to Customers
Despite the Web being the "new economy," the
old fashion business rule still applies: the most successful businesses are
those able to create value for their customers. The website exists first and
foremost to fill customers needs whether for information, a product or a
service. You will only succeed if you give customers something that they
want
The success of your website depends on the value that you give them. The
more your site is able to make your clients lives easier or help them save
money, the more your business will be valuable to them. It means not just
creating an online brochure but guiding visitors how using your website can
actually help them. Your site must have enough information for the visitors
to make a decision and take the action you want them to take. If you are
selling a product, provide a clear description of each product along with
its features and benefits. If you are selling a service, the prospect must
be able to get a price on the site or at least be given a phone number to
call for an estimate. Your prospective customer must be able to get most of
his or her questions answered on your site. Collect your client s questions
and put them together in a FAQ page, or Frequently Asked Questions. This
way, your visitors will get the answers to the most common questions asked
on your site.
Many webmasters make the mistake of creating a website primarily to pull
off the fast buck. Instead of creating a site where users could actually get
value , they create useless spam pages in the hope of tricking users and
search engines alike. This strategy, while it may bring short-term financial
windfall to the owner, is not likely to be sustainable (search engines could
punish the site and their revenue source could kick them out of their
programs).
2. Focus on Win-Win Situations
The Web has shown that working alone is
the fastest way to fall on your face. Search engines reward sites that are
linked and recommended by quality sites. Successful online businesses enlist
the help of other websites to promote their products through affiliate
programs.
On the Net, you win if you are able to find ways to let others share in
the wealth your innovations created.
3. Focus on Customer Service
The challenge facing every small business
owner on the 'Net is how to keep customer service alive and well in a medium
where personal interaction is inherently limited.
One way would be to keep your web site functional and personal. But how
do you actually make a site personal, when your customers never get to see
you or shake your hand, much less touch or see your product up close? Well,
it all starts with your design and content, which should be based on a deep
understanding of what your customers are, what they expect and why they
actually need your product.
If you are selling quilts and handcrafted items, your site may be
designed to have a very homey feel. Detailed text can explain the
inspiration of the design of a particular quilt. If you are selling pillows
made from balsam firs on the Web, your site may be designed to evoke
memories of mountain forests and scents of pine trees. It is important that
your overall look and feel must set the tone of your entire business. There
is no need to go for the technological overkill and aim to become the
trendiest site. Instead, your web site should be an integral part of your
business plan.
4. Under-promise, Over-deliver
Customers love it when you deliver way more than their expectations.
There is a lot of hype on the Web, particularly among the small Web
entrepreneurs (ever seen one of those websites with extremely loooooong
sales letters that are full of hype?). While those sites may be effective in
drawing out the sales from the customers, many customers are left wanting
given that their expectations were raised to the stratosphere by the sales
copy. As a result, they are left with many unhappy customers. But if you
underpromise to your customers (whether you are using short or long sales
copy), and then beat out their expectations, customers will be pleasantly
surprised and love your site all the more for it!
5. Tighten the Belt, but not the Service
Contrary to the dot-com s
excessive and free-wheeling spending, you can run an Internet business on a
tight ship. You don t have to hire a brassy consulting company to develop
your Web strategy or to create your site (you can t afford them anyway). If
you have limited resources, the key is to start small then slowly grow your
way up. In fact, many online entrepreneurs launch their Web sites while
keeping their daytime jobs.
Whatever your site may lack in terms of technological features, you can
compensate for the quality of your service. While you may not have live
customer service applications, you can answer customer queries through email
quickly. Show your customers that you are willing to go the extra mile for
them, even referring them to your competitors if you cannot provide their
needs. Good personal service is the core that makes a company, and customers
always appreciate that.
6. Design the Web Site for Your Customers
Although a well-written,
well-designed Web site with great content can make a positive impression on
your prospects, the design should focus around getting the visitor to take
the action you want.
Think of your site as the Yellow Pages. Users checking the Yellow Pages
are looking for a solution to an immediate need. Your site visitors may not
have an immediate need, but he or she definitely has some interest in your
site (or otherwise, the person will not click on it.) Now, notice why the
Yellow Pages have remained popular with its users: it is heavy on content
(the ads) but it uses minimal design. Adopting this strategy, your focus
should be on improving copy and content that sell. Remember, the Web site is
a means to an end -- and that end is making more sales. It's a waste of
money to put up a site unless the site is designed to increase revenues or
achieve some other marketing goal.
In creating your web site, your best resource is your customers. Seek the
feedback of your customers and ask them if the site is working for them or
not. Are they turned off by the requirement to register before using the
site? Is the site confusing and hard to use? Are the graphics too slow to
load? Is your search engine not flexible enough? Listen carefully to their
comments, and adjust your site accordingly. See what works, and what doesn't.
If you are technically savvy, you can also establish a personalization
option. Customers often want to feel like they belong in a community a
feature that Internet has fostered tremendously. You can allow shoppers to
set up a customized page and receive recommendations and gift services from
your store.
7. Team Up with the Right Partners
Try as you might, you may not be able to provide everything that your
customers may want and need. You may want to be THE destination of all Web
users for your topic, but it may be tough to achieve your goals if you have
limited resources – limited manpower, technical capabilities, not enough
writers, and too little time. As such you may want to team up with
complementary websites (not direct competition) to boost your content,
provide additional resources, and offer more tools for your visitors.
Partnering with the right groups or individuals can help increase the
exposure of your website, build its reputation in your industry, and move on
to become the industry authority.
8. Focus on Creating a Brand
The most successful businesses have created strong brands for their
products, such as Coca-Cola, Microsoft, Disney, McDonald’s, Mercedes, and
others. On the Web, Google, eBay and Amazon also have built strong
businesses based in part on great branding. These big businesses understand
that an integral part of success is building strong brands – yet many small
or home-based Web business owners feel that creating a good brand is way out
of their reach. Effective online branding does not require big budgets, just
an understanding of what brand attributes you are trying to build. By making
every Web transaction brand-relevant and providing your customers with
brand-based value, you will increase the depth and stickiness of your
customer relationships.
9. Put on a Face!
Automation is the name of the game on the Web, but it does not mean that
personal touches that will assure your customers that they are dealing with
humans have gone out of style. In fact, customers are more likely to trust,
use and patronize a Web site repeatedly if they know that they can
communicate with a person easily. They want assurance that their orders will
come through, their complaints will be addressed and their feedback will be
heard. Many successful e-tailers are generating sales through click-and-buy
(e-commerce) but a hefty percentage also comes from telephone calls after
customers found the number on the websites. If your sales are done without
the assistance of a live person, send out personal "thank you" emails,
including a real name and phone number of their personal customer service
representative so if there are any questions, they can call or email a real
person!
10. Don't Predict the Future
One important lesson of the Web is that you
cannot predict the future. What is hot today may be gone tomorrow. Take
search engines for example: only about five years ago, Yahoo was the
buzzword, then Altavista, and now Google. Who knows what will be the reigning
search engine five years from now?
On the Web, it is simply hard to predict the next hot product or the next
big use of an existing technology. The key is to be vigilant and flexible in
the creation of your site and products. Take the long view of your business.
Observe carefully if new uses of your products emerge. Get customer feedback
on your site and monitor what the competition is doing. Forums and chatrooms
are some of the easiest ways to check out what is happening on your industry
and on the Web in general.
About the Author:
Nach M Maravilla is the publisher
of Power Homebiz Guides.
Updated February 4, 2006
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