Archive for business processes
Internet Marketing Help: When is it Time to Begin an Online Campaign?
Posted by: James | Comments (6)If you’re looking for new ways to bring in additional revenue in this economy, you might be thinking about getting some Internet marketing help. For a lot of business owners who don’t know much about computers or the web, this is completely undiscovered territory, and they don’t even know where to begin. You’re right to look at the web as a place to go because there really are
some amazing marketing channels that can have an exponential effect on your profits, but are you really ready to start this campaign?
There are some factors you need to take into consideration before you get started.
The first thing you need to do is take a good hard look at your current business processes to make sure you’re making the most out of what you are doing right now. And when I say business processes I really mean every aspect of what you do. For instance, have a friend, or, even better, a marketing expert, make some phone calls to your business as if they were a customer.
This will give them an idea of what the customer experience is like. Are the phone operators picking up phone by the second ring? Are they knowledgeable and helpful when asked the tough questions? Figure out what the LTV of a customer is, and then assume that every time the phone rings and it is left to ring until the person hangs up and calls a competitor, that this is how much money is being thrown away. In many cases, it is the truth.
What you want to do is look at every contact point between your business and your client prospects and identify instances such as the one above which are potentially amounting to a lot of money left on the table. Think of these issues as profit leaks and start brainstorming ways to plug them up using smart small business marketing strategies.
After you’ve dealt with these profit leaks, analyze the process even more. Is there more you could be doing to increase the bottom line with what
you already have? Are you doing enough to get emails from your prospects and previous or current clients and focusing on building a long-term relationship with them?
How can you make these people repeat buyers and thus increase the lifetime value of the average client? Can you improve the quality of your products and the backend support so that you can increase prices by being the best in the industry? Is there opportunity for upsells that you are missing out on?
As you surely noticed, I’m throwing a heap of questions at you right now, and this is exactly the mindset you need to take to analyzing your business before you start thinking about internet marketing help–or any other kind of additional marketing for that matter. Once you’ve completely optimized everything you have in place, THEN you can start thinking about further prospecting possibilities. I think you’ll find that this analyzation process can reveal thousands, hundreds of thousands, or possibly even millions of dollars in missed revenue.
Imagine what some focused internet marketing tactics could do for your business once the current marketing funnel is as effective as it can be…Think about it this way. With some solid search enginge optimization and social marketing through Twitter, Facebook, LinkedIn, etc, I
could send hoardes of customers to your website, but if you’re not ready for them, what is the point? Sure, you’ll pick up a few of them through the sheer statistics, but if you had a system set up that made converting them from prospect to customer a certainty in place, you’re talking about the kind of program that can double revenues.
To find out more about analyzing your marketing efforts and getting some internet marketing help when you’re ready, go fill out my contact form and see if you’re eligible for a free marketing consultation. Or, if you really feel your business is ready for a flood of new customers, check out my free buzz marketing video for some tactics that can do wonders for a modern business.
