Be a shining light in the darkness in the recession
April 21st, 2009 by Dan
We are all in agreement that the world economy is in a recession and this has an impact on every person, how we think about spending money and this applies to the man on the street and all companies big and small. It is not unnatural for a large percentage of us to panic and start cutting everything from our budget that we feel is not absolutely essential. Where does that leave your business and the crucial importance of maintaining a healthy web visibility?
After all, if you do not have any web visibility, you have zero chance of attracting customers. So, before you start deciding where and how to cut your budget, take a good look at the value of your web visibility and the value it has for your business.
Target and analyze
Take a hard look at your advertising first of all. With online marketing you have the ability to sharply focus your advertising on your specific target market. Refine your advertising by having a deeper look at the demographics of your target audience and see where you can sharpen the focus. This will lead to a higher conversion rate and that makes your advertising so much more cost effective. Analytics is there to be used; this tool is invaluable to check all the basic information about your web traffic.
You can pinpoint the number of visitors to your website, how many page views you have had, how long each visitor stayed on your website, information about visitors that are unique and even the time of the day and the day of the week your web traffic was on your website. You use analytics to check on which of your web pages are working well and which of them are not making the grade. This is all information that you can use to great benefit to your business and increased profits.
Ways to build loyalty with your customers
It is logical that during tough financial times people across the spectrum are tightening their belts and will be inclined to spend less. This means that the conversion progress to gain a paying client will be longer. This means that if you hope to succeed you will have to start building relationships with potential customers as this is the way you will arouse loyalty. If your clients are other business people you must think of ways to provide them with ideas that will add value to their own businesses. In this way they will favor a continuing relationship with your own business.
Provide them with information that they can use and solutions that will benefit their business. An adaptation of this plus encouragement and information on ways to save money is what you should provide your clients with who are private citizens. Building trust in times of tight finances not only benefit your business during this period, but this trust will continue when the economic climate improves again. Therefore, building trust now will become a two-fold benefit in the future.
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The recession doesn’t necessarily need to be a bad thing in internet marketing and ecommerce the companies that are doing well are those that offer quality products/services and if you have to go the extra mile to gain trust and loyalty then it can only be a good thing. Many compnies disagree and they will be looking long and hard at their profits and blaming the recession rather than themselves for a short sighted business model.
Great post you’ve summed it up well and unlike most SEO comanies realise the importance of buiding relationships as well as links.
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