Online spending increases in times of economic down-turn
A recent article in www.perthnow.com.au by Grahame Armstrong explores the phenomenon of online spending not showing a downward trend, where offline spend has.
From his sources, it is apparent that online spending this Christmas is on the up and up, and that many online retail sites are predicting further growth of 40 - 100%. Many online retailers are able to offer their products at cheaper prices due to the lack of overheads required to run their businesses, and this leads to more competitively priced items which are definately more attractive to customers with a finite budget. The need for showroom stock is also not required, which means that the retailer does not need to reduce the price on display goods, and in turn can keep his profit margin healthy. A number of retailers who have both online and offline outlets have noticed that their online divisions are continuing to experience growth whilst sales in their traditional stores have been rather flat of late.
Online shop building can be tricky
A word of warning must be made here. Whilst the incentives to create an online store are ever increasing, like any business venture, the proprietor must do their homework. It is not enough to "build it and they will come" anymore. A good hosting provider, a well designed, secure website and good marketing must all go hand in hand in order to get qualified customers to the front page of the shopping site. If any one of the three legs breaks, so will the venture.
Online marketing (SEM) is crucial
As far as the marketing aspect of online shopping is concerned, as well as traditional methods of advertising, Google Adwords™ advertising is an absolute must. Beware though, as there are a number of unqualified "experts" out there who are only too willing to take your hard earned cash without beeing too worried about the results that you get. Always look for Google's sign of approval for any company that you wish to engage to do your online advertising for you. The most important of these is the Google Authorised Adwords Reseller logo, as the handful of companies that Google have selected to wear this badge with pride have the knowledge, knowledge and customer service required to make your advertising account work for you.
Searchsmart is one such company and would love to talk to you about bolstering your market position in order that you can benefit from the online revolution.