InConcert Financial Group Home Services Tips & Tools What's New? About Us Contact Us

Back to Forte Archive



 

 

The Forte Newsletter: Tips for Growing Your Business

 

Discover the Potential of Marketing Your Business Online

Everybody has heard of the dotcom crash, but reports of the death of the online market are premature.  It's true that consumers have been somewhat reluctant to do business over the Internet.  But businesses continue to invest in e-commerce and e-marketing because there are clear advantages in doing so.

One bonus is the lower cost of materials.  E-marketing materials come free of postage and handling costs.  You can double, triple or quadruple your number of e-mails, e-newsletters or e-zines and your costs will rise only marginally.  If you want to increase a print run of paper-based products you can be faced with much higher costs and you need to schedule in printing delays.

Working online also offers flexibility.  You can post updates immediately on your website, or email clients and know they've got the message as soon as you click 'send'. The web is also interactive, so customers can communicate with you, lodging orders that you'll receive and process straight away.  A website can also offer real-time updates on the delivery of goods or services, eliminating customer uncertainty and reducing the need for you to take phone calls.

The Web allows for much closer B2B relationships and may also cut labor costs, as you do away with a layer of document handlers.  These people can be employed elsewhere in jobs that add real value.

Your site can help cement ties with your industry partners.  You can swap links with other sites.  And you can run advertisements on other sites as a way of joining a larger online network of businesses and customers.  You will find that online advertising is not only cheaper but also more highly targeted than many other forms of advertising.

So the Web surges ahead as a way to cement business relationships.  And it also moves forward as a way to deal directly with the public-though at a slower pace.  For example, Internet retail typically works best when linked with a bricks-and-mortar outlet.  That is, it provides a whole new dimension of browsing possibilities for customers, who will commonly go online to research goods before they come in and actually hand the money over the counter.

In this context, the Web acts like a good shop window.  It shows off your advantages and invites people into your store.

It can also help with your marketing in a variety of new ways.  You can run contests on your website, for example.  Customers will register, and you can gain some incidental market research in the registration process.  You can get online feedback about your products.  And you can also gather indirect information by monitoring and analyzing web traffic in response to your sales campaigns.  You can track not only the total volume of traffic but also the areas of your site that generated the most interest.

And you can use your site as a kind of hub - all your other marketing materials can point to it so that you use it as a way to provide detailed information.  If you're thinking about expanding onto the web, feel free to give us a call about myBiz·online , a low cost, easy to set-up and manage website solution package.  With myBiz·online , you can be up and running on the Web is as little as two days.

 

 

InConcert Financial Group (a Biesheuvel Scarpa company) offers a holistic approach to your financial situation. Our expertise features a comprehensive range of economic management strategies, including Financial Planning, Wealth Management, Business Consulting, Accounting, and Tax Services. Our FORTE Newsletter offers direct, concrete advice to maximize your investments and business potential.