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Your customers are tuned into only one radio station, its' called WIIFM. What's in it for me. In other words what will your product or service do for me that makes it worthwhile for me to part with my hard earned money. Answer this question in your marketing and your business is on the right path towards success.
 
 

Don't Lose The Sale In The Internet's Last Three Feet!

 

In retailing there is a saying that sales are made in the last three feet. What this means is that no matter what you have done with your marketing, the final purchase decision is made when a customer is in-store, with the product in front of them.

The web is somewhat similar if you think about it. Have you ever started to buy something online and found yourself rushing to complete the transaction? Or have you ever started to buy something and stopped?

Why did you decide to go ahead with the purchase or walk away from the purchase? The answer is something happened to you in the Internet equivalent of the last three feet. Here's some common reasons people might abandon a purchase online:

bulletGeneral lack of confidence
bulletA sites server is too slow
bulletThe purchase process is too complex
bulletTheir excitement faded
bulletThey got distracted
bulletTheir internet connection dropped out

Here's some common reasons why they might go ahead with the purchase online:

bulletA strong guarantee is offered
bulletThey really, really want the product
bulletThe reasons to act now are reinforced on the order page
bulletThey are reminded what they are buying

There's nothing worse than losing a sale right on the finishing line. After all you're worked hard to attract a visitor and convince them to buy. So now it's time to look at your site and ask yourself honestly how are you're 'last three feet'? Are they maximising sales or are you losing? Here's how to find out.

You must know how many people are coming to your order page (the page where they enter their credit card details and press the buy button). You need to then know how many sales were made in the same period. For example if 300 people visited your order page in June and you made 240 sales, 60 people didn't buy. In other words 20% of people didn't go ahead with the purchase for some reason. You need to know what this reason is. To find out why people didn't buy you should:

bulletGo through the purchase process yourself and see if you can spot anything that would put customers off
bulletGet some friends or colleagues to do the same and see what they find
bulletSurvey your existing customers and ask if there is anything you could do to simplify the ordering process

Here are a couple of suggestions to help avoid losing people in the last three feet:

  1. Minimize the number of clicks to place the order
  2. Don't ask for any information that isn't essential (people don't like paperwork and online forms are in this category)
  3. Use fast, reliable servers for ordering
  4. Track your ratio of visitors to your order page compared with the number of completed purchases

So take a look at your site and make sure you do everything you can to reduce the number of abandoned purchases. If you need further help, feel free to ask me. Good luck.

 

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