Having a great product or service is simply not enough to enjoy strong sales (especially online), which is why it is crucial to build strong relationships with other organizations.
But recognizing that your enterprise can succeed or fail depending on the quality and quantity of the business relationships around you is one thing - finding and nurturing those partnerships is another thing entirely.
This article highlights three techniques that have proven themselves to be invaluable when it comes to ensuring that your company is constantly growing a powerful network of allies.
Is your online store losing out on valuable sales because customers are getting confused, losing focus, and moving on without purchasing anything? Can you even tell?
Every bit of Web traffic is valuable, and it is vitally important that your store squeezes as much revenue as possible out of each visit. Of course, not every visit can result in a sale, but that conversion rate can always be nudged a bit higher.
Making conversions easy for potential customers is not only good for profits, it also improves the user experience, which in turn leads to positive experiences and word of mouth.
Word of mouth referrals come with built in levels of trust that ensure higher conversion rates and better returns, making it a great 'low hanging fruit' marketing hack.
Far too little attention is given to good old fashioned word of mouth.
Social media marketing is one of those things that most entrepreneurs and small business owners wonder if they really need.
In general, my answer is yes, but I need to qualify that by saying that the amount of time, effort and cash you invest must be proportional to the returns you want (and can realistically achieve).
I serve on the board of a wonderful not-for-profit, registered charity, and we have utilized the tools and technologies provided by the Web, and in particular, social media, to drive visibility, engagement, and awareness that would simply be out of reach otherwise.
Small retail businesses and eCommerce sites need to consistently choose the best products to sell in order to maximize their profits.
But trying to find this information is not always easy, and there are plenty of "silver bullet" sites (and con men) that will try to make a profit by advising you to stock products that give them commission.
It's far better to be able to do your own research into which products offer the best value for money for your own customers and clients. After all, you know your business best.
There's nothing worse than finding out your business website has been hacked and is being used to send out bulk emails, spam visitors, or spread malicious software.
If it hasn't happened to you, don't fall into the trap of thinking that this scenario is something that happens to other people. Spam hacks are absolutely rampant.
Fortunately, the business model of spammers requires them, more often than not, to automate their hacks to seek out vulnerable Web servers and sites, because they have to do things on a huge scale to turn a profit.