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Written by Brad Semp
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Monday, 30 June 2008 17:04 |
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The
world of internet marketing has opened doors for businesses in more
ways than one. In general, the internet has destroyed traditional
boundaries by connecting businesses with client prospects and potential
customers from around the globe. Unfortunately, the worldwide exposure
doesn't necessarily translate to increased sales.
In
order to take advantage of the increased exposure that the internet
offers, the key component to improving your sales revenue is to convert
your site visitors to customers. The percentage of the visitors to your
site that buy your product or services is referred to as the conversion
rate. Understanding, tracking, and improving your conversion rate
should be the goal of any online business.
For this reason,
business owners will place a heavy emphasis on those items that entice
a person to buy. These items often include but are not limited to
website graphics, sales copy, and sales mechanisms necessary to close a
transaction. Although all are important and vital to the success of
your online business, most businesses will only convert somewhere
between 1 - 4% of visitors (for sales transactions).
To better
illustrate this situation, let's look at an example of a site that
receives 1,000 unique visitors per day. We'll assume a fairly high
conversion rate of 4%. This means that 40 of your visitors are
purchasing your product or service and are converted into a customer.
The other 960 visitors leave your site without a completed sale.
What
happens to the 96% of visitors who leave your site without making a
purchase? In most cases, you've lost this person as a potential
customer.
Yes, it is true that some will bookmark your site
and return at a later date to make a purchase. However, most of the
visitors to your site will leave without making a purchase.
Are
you resigned to the fact that not everyone will make a purchase? Is
there something that you can do to increase your overall conversion
rate of visitors?
The solution is e-mail marketing. E-mail
marketing is important because it provides you with a way to contact
many of those who left your site without making a purchase.
How?
All you have to do is entice your site visitors to provide you with
their name and e-mail address. As soon as they do, you will begin to
grow an e-mail list which is often considered to be the single most
important asset in marketing your business online.
There are
two main advantages of using e-mail marketing as part of your business
strategy. First, you gain the ability to sell future products to those
people that have purchased from you in the past (i.e. your customers).
This is an extremely effective way to increase your sales by selling to
your "warm market". The first sale is always the most difficult;
subsequent purchases are usually easier as the customer knows and is
familiar with your website and products.
The second advantage
of e-mail marketing works directly to improve your conversion rate.
E-mail marketing enables you to contact those visitors who did not
purchase from you but who did give you their name and e-mail address.
Why is this important? Many statistics show that people often will not
make a purchase until sometime between the 5th - 8th time that you
contact them. Consistent contact and follow-up with those visitors
through e-mail marketing techniques will help to convert additional
site visitors to buying customers.
Using e-mail marketing to
promote and grow your business is no longer an option; it is absolutely
imperative if you want to maximize your business by using the internet.
E-mail marketing is the hidden internet gem that many businesses
overlook or avoid.
About Author Brad
Semp is the founder of the CashMap Marketing System and shares his
simple, step-by-step solution to get started and grow profits using
e-mail marketing. Download a FREE copy of his MLMCashMap e-book at MLMCashMap.com |
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Last Updated ( Sunday, 27 July 2008 13:18 )
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