 |
Internet Marketing - Advantages and Disadvantages
Use Internet marketing strategies to take control of your company's online future today. Click here for details below!
Everyone seems to be jumping on the internet marketing bandwagon lately. In the race to get their business online, many successful businesses forget to ask themselves some tough questions about what they are doing, what their expectations are and what their plan is to meet those expectations.
The internet can be a powerful tool that can put you on solid footing with bigger companies. On the other hand, the other companies may have more money to pay for advertising. Here are a couple of things to keep in mind as you analyze your internet marketing strategy.
Advantage of Internet Marketing
- your store is open, 24 hrs a day, 7 days a week. Further, your customers are worldwide in reach, and can shop anytime that they want to
- the cost of spreading your message is next to nothing. Emailing your subscription base is more oftne cheaper than sending a letter through the mail
- updating your subscribers can be done almost instantly through email. Visitors to your website can get up to the minute information on each visit. If you are having a sale, your customers can start shopping at the discounted prices literally as soon as they open their email
- if you have an information sensitive business, such as a law firm, newspaper or online magazine, you can deliver your products directly to your customers without having to use a courier
Disadvantages of Internet Marketing
- online marketing is not free. The cost of software, hardware, wed site design, maintenance of your site, online distribution costs and of course, time, all must be factored into the cost of providing your service or product.
- slightly over 50% of households shop online. While that number will continue to grow, you are reaching less than two out of three households.
- the internet is still regarded as a source of information gathering for the majority of your customers. Of the number of visitors to your site, the vast majority of visitors who are motivated to buy will do so in person. Many people prefer the live interaction when they buy. If you have a small business with one location, this may deter customers from buying.
- easier to have outdated information on your site, thus timing of updates is critical
- there is no replacement for good old fashioned customer service. The majority of internet marketers lack customer service and inquiry response programs. As a result, many online visitors to your site will already have painted your site as poor service before they have even contacted you. The majority of websites also have poor navigation, which makes it difficult for your visitor to find what they are looking for. Many sites were created with a marketing view, not a customer service point of view.
- is your site secure? Does your customer know this? There are many incorrect stereotypes about the security of the internet out there. As a result, many of your visitors will not want to use their credit card to make a purchase. The fear of having their credit card info stolen is a clear and present danger in the minds of your visitors
- there is a lot of competition for your product already out there. By the time your visitor finds you, they have already been clicking many links. Unless they can find what they are looking for quickly, they are gone.
- many web visitors expect something for free. What do you have to offer them?
There are many other pros and cons of internet marketing. Its important for you to consider each when creating your internet marketing strategy. Each of the disadvantages can be overcome, but only if you view the customer experience from the eyes of your customer, not as an internet marketer.
About the Author
Northern Source offers web design services for small businesses. You'll find more helpful hints at http://www.northernsource.com
By: Christopher Smith
Take control of your company's online future today:
Internet marketing in the world's most productive Business Networking Environment will put new customers at your fingertips.
The single greatest demand of businesses and organizations today, is to break through the barriers which prevent access to markets, information, knowledge, data, people, and resources.
BizWiz is the only Business Network connecting participating small, medium, and large companies and business people across all industries, job functions, and locations worldwide through a common content and interactive platform.
This service helps you get connected for networking and enables you to accelerate your ability to succeed in your job.
As The Internet’s Largest Business Network, BizWiz is uniquely positioned and structured as an open platform to satisfy this demand. BizWiz is a Connection Engine that cost-effectively permits companies to promptly cut across these barriers.
It enables matching, introductions, contacts, communication, interaction, marketing, and transactions in ways not possible through any other source. Member-to-member and user-to-member interaction is made easy.
We have interviewed the founder of BizWiz. Here he tells us how to Take Control Of The Internet!
<< Back to More Articles
|