How E-commerce Sustains Hope In A Bad Economy
In recent years we have seen the Internet rise in its ability to capture adult media attention to number 2, just behind television. And in addition to that the number of older adults, those 55 years and up now account for almost one-third of all users. So the internet is no longer a young mans game. What these statistics mean for the internet advertiser is that the population of people with money to purchase is continuing to grow as well. Another plus for internet e-commerce is this. We’ve just gone through significant gas price increases and, although they have dropped, we are recently seeing a gradual creep in prices again. More and more focus is being placed upon green power and conservation. This general growth in social consciousness will only serve to fuel internet and shopping cart usage. A final change we can expect to see is more equal usage across demographic groups were, traditionally, higher income families were more likely to shop on-line.
Any company that is able too but is not doing business over the internet is putting themselves at an extreme disadvantage. Consider the following. According to statistics recently released by eMarketer the US is expected to see their on-line shopping grow at 65% from 2008 to 2013.To put it in a more meaningful way, revenues will go from $113B to $203B US. Hard on its heels Canadians will also see very strong on-line shopping growth. Their growth is anticipated to grow from $13.8B in 2007 to $22.8B by 2012. Therefore, any business not engaged in a shopping cart solution has certainly not missed the boat and they can learn a lot from others as they climb on board.
With all of the unpleasant economic news recently its difficult to not be adversely affected. Rather than fall victim to the negativity the various news media seem to prey on consider the possibilities that are presented to all of us through the internet. How many of us today would like to derive another income, a secondary one that allows us to provide a few extras for our family or for ourselves? The truth is there are always options for those who know where to look. Multiple income streams are a strategy that can help safeguard us while this downturn sorts itself out. Two things make it easy for anyone with a product or an idea to attract and sell to prospects. The internet’s global reach and the ability to perform e-commerce transactions with shopping cart solutions means you have a global audience for your product or service. Depending on your creativity these technologies make a second or even third income stream possible with minimal overhead. And don’t forget about the advantages of working from home. Even for those who don’t have a product or service ready to sell right now there are a number of Affiliate Programs available where all the work has been done for you. All the individual need do is source one or two that may align themselves with their pending product or service and start sooner than later. This method allows the newcomer to understand how on-line shopping and its associated marketing strategies all link together.
One of the impacts of the internet is a shift away from traditional paper based advertising methods to the internet. The associated higher costs associated with paper based advertising and the sharp eye on cost containment by financially weakened businesses is accelerating this trend. Other Social Advertising media such as Face Book, U-tube, Twitter and more are also available and their low or no cost access ads to the digital draw. Here’s why. Despite what we hear on the news about the economy we can loose sight of the fact that it is not bad everywhere. Look hard enough and you will find a bright spot, areas that continue to thrive; areas were people are still buying. The internet’s world wide reach means you can always gain access to that market. And as these markets of opportunity change and shift with new realities your internet and e-commerce presence means you will always be there for them when they decide to look for your product or service.
In marketing and in any economy there is always one thing that holds up. There will be people ready to buy now and others that are just shopping, collecting information for that time in the future when they will purchase. To take advantage of the now buyer your website and e-commerce solution will determine if you are able to capitalize. This holds true for everyone. But how do you deal with the future shoppers or prospects? A good shopping cart will have a stay in touch capability so you can keep prospects interested until they are ready to act. However, the astute internet marketer will look to incorporate other technologies that work with your shopping cart and e-commerce programs. Using multi-media they deliver on-going campaigns updating your prospects on your products and services. They are proactive so the customer always knows when the next deal or special is coming. For an example of a company with an excellent marketing campaign technology check out www.AutomatedMarketingSolutions.com. Rounding out your platform should be the social networks including Face Book, U-tube, Twitter and more. These networks allow you to test the market for what you intend to sell, they allow you keep in touch with how your product is being received and to be proactive in correcting any emerging negativity. The bottom line is do not limit yourself in how you reach out to your current and future prospects and customers.
The last two years have not been kind to large companies and some of their outdated practices have given rise to significant animosity. Ill mention AIG and let it go at that. However, we can still learn from them. For example, a February 2009 report suggests that CMOs or Chief Marketing Officers, in their list of Top 10 Priorities for 2009, list the integration of their traditional media and marketing programs with internet services as number 2. There are obvious advantages of doing this and they include reduced costs and overhead in the marketing departments. For the entrepreneur and the small to medium business these same benefits accrue. An on-line enterprise combined with an e-commerce capability, if properly thought out and marketed, can be the key to a second income and additional peace of mind. It could be a stepping stone to a whole new business. As with everything else in the world however, how effective we are in using these tools to attract, convert and retain will differentiate us and our success.
Invest in yourself by implementing your E Commerce Internet Shopping today! An E Commerce Professional EBusiness solution can be simply and quickly implemented
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