Sarah Worsham | Sazbean

Sarah Worsham / Oct 9, 2008

Just Increasing Traffic May Not Increase Sales on Your Business Website

Many business owners get caught up with the need to increase traffic to their business website in order to increase sales and/or revenue. Increasing traffic to your website may or may not help increase sales depending on who the traffic is (whether they are potential customers).

Sales from a website are based on the number of potential customers who come to the website (a lead) and the percentage that actually purchase something (a conversion). To increase sales from a website, there are three options:

increase the number of potential customers coming to the site (leads)
increase the number of actual sales on the website (conversions)
both #1 and #2.

While increasing traffic can help, it will only help if the traffic includes more potential customers (leads). Just increasing traffic, if none of the people are interested in making a purchase, does nothing to help sales. So it is very important to increase the number of potential customers (leads), which is sometimes called qualified traffic.

Sometimes sales are not happening because information on your website is not clear or potential customers are not sure how to make a purchase. Increasing the number of potential customers who actually make a purchase (conversions) is another way to increase sales from your website. Taking a look at where people may be leaving the site, as well as whether marketing information entices a purchase can help increase conversions. Advertising should take potential customers right to an “action” page where they have all the information they need and can make a purchase.

Just increasing traffic to a website without increasing the number of potential customers and/or conversions will probably not increase your sales, leaving you wondering why your efforts are not working.

(photo by Burning Image @ Flickr CC)

Technorati Tags: seo, search engine optimization, internet strategy, internet marketing, internet consulting

Sarah Worsham / Oct 7, 2008

Reach for Your Business Goals, Not for Numbers

soccerrandysonofrobert One of the top requests we get from clients is to help increase traffic to their business website. Our first response is to ask what business goal they are trying to attain. While increasing traffic may be one of many possible solutions, it may not be the right one. Working on increasing traffic on your website without understanding how it will help you reach your goals is like getting triple-bypass heart surgery before you’ve had a doctor’s diagnosis.

Let’s take a look at an example:

An e-commerce site is spending a great deal of money on Internet advertising and SEO, but is sales have fallen. Their first reaction is to increase traffic to their website. What should they do?

Understand your business goals

Is the business goal to increase traffic? Hardly. Their business goal is to increase sales. Increasing traffic may help, but there may also be other issues. By understanding their business goals, they’ll be able to come up with solutions and ways to measure whether they’ve attained their goals.

Understand the problem

Understanding the problem helps you brainstorm all the possible solutions. The highest return on investment may come from a mixture of solutions or one solution may not be complete without taking a look at other aspects of the website and business. After taking a look at their website, their advertising and marketing efforts, this client had a number of different issues to address, including conversion rates, usability, marketing message, and ROI of advertising, which were all affecting their sales and bottom line.

Look for solutions

Now that you have recognized your business goals and understand the full set of issues, you can come up with the right solutions. In our example, there are a wide range of solutions, of which, increasing traffic was only a very small part. By creating an Internet business strategy from the set of solutions, the client was able to more efficiently attack the problem.

Measure your progress

This is where the numbers do actually help. Of course you need to understand exactly what numbers you are looking for. Just increasing the number of visitors or page views won’t help attain your business goals. For our example, we had to measure conversion rates, ROI of advertising, time on site, exit pages, etc. to see how we were progressing. It may seem like a confusing bunch of numbers, but once you’ve gone through this thought process, the numbers you need are much more clear.

Summary

Before you spend big bucks on SEO or Internet advertising, take a few minutes to consider what business goals you are trying to achieve and all the possible issues that you may need to consider to reach those goals. Just a few minutes of thought can help direct your efforts into the biggest bang for your buck.

(photo by randy son of robert @ Flickr CC)

Technorati Tags: internet business strategy, internet strategy, internet strategic planning, internet strategic plan, internet strategy consulting, internet business consulting

Sarah Worsham / Oct 6, 2008

Creating an Internet Business Strategy – Implementation

gnrimplementation We’re in the home stretch of our Internet Business Strategy planning, but let’s quickly review the parts of the plan:

Executive Summary
Methodologies
Current Situation
Vision & Goals
Requirements
Implementation

The implementation portion of the Internet Business Strategy planning is not intended to be a full implementation plan. Once you have your strategy, you’ll need to create detailed implementation plans. For your Internet business strategy, consider the following for implementation :

Lessons Learned – Are there any previous projects we can learn from? Are there external sources that have implemented similar strategies?
Implementation of Sub-Projects – Does it make sense to divide the project into smaller, easier-to-manage proejcts? How will you divide up the implementation into sub-projects? Who is responsible for each sub-project? How will the sub-projects be managed in order to move towards a common goal?
Phasing and Milestones – What is a realistic timeline for implementation? Should we divide up implementation into phases? What are the various phases of implementation? What are target dates for each phase?
Budget Plan – What are the budgetary requirements for any phasing and sub-projects? Are there any opportunities for cost-sharing with other organizations? What are the specifics of our financial processes? Who is the financial authority for administration the budget? How does the available budget affect the time periods for phases and milestones?
Marketing – How will we get the word out about our strategy? Who is the target audience? Are there any events we should attend? What is our marketing budget?
Measuring Success and Making Adjustments – What are the critical success factors that should be communicated to our stakeholders? What performance metrics should we use? What cost avoidance can be expected and how can it be measured? How often do we assess our progress to determine if adjustments need to be made?

Once you have created your Internet business strategy, you will need to work to implement and communicate your vision throughout your organization. We’ll cover these topics in future posts.

(photo by qnr @ Flickr CC)

Technorati Tags: internet business strategy, internet strategy, internet strategic planning, internet strategic plan, internet strategy consulting, internet business consulting

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