Quick Guide to Online
Marketing -
online marketing describes a series of marketing strategies and techniques
used together to deliver a company objectives. Typically, this objective is
profit. Internet Marketing is a practical discipline combining a range of skills
and knowledge in order to analyse a particular target market, promote and test a
marketing initiative, to deliver a result.
The first step is analyse the size of the potential market for a given
product or service. This may involve researching secondary market information
such as search engine traffic reports, company physical reports and industry
surveys regarding consumer behaviour. However, primary market research is more
important. Asking existing customers about buying motivations using tools such
as feedback surveys, prize draws, product samples and competitions. Next, the
marketers job is to create a quantifiable target that can be described in a
realistic, achievable, measurable and timely way. The initial business idea is
obviously very important in dictating the realistic qualification of objectives
and strategy. Is there any such thing as a unique business idea? Or are all new
business ideas simply differentiating old ideas and dressing them up as new
ones... the Internet is the world's of breeding ground for new ideas. In all
likelihood, all good business ideas have been transformed into some kind of a
website already... . So what is the best way to differentiate? And which is the
best business model to use to transform your ideas into reality? There are
several very well established business models to choose from...
Firstly, by attempting to get your website to the top of a search engine what
about, It is possible to drive of huge numbers of visitors to your website and
hence achieve your selling dreams. Most Internet users only bother clicking on
the first three results from a search engine. Therefore, by understanding the
search engine key phrases used by your prospect market and matching up your
website to meet those user expectations, results can be achieved. The use of a
search engine optimisation has a key role to play in helping to deliver the high
organic search results required.
Secondly, the use of an affiliate channel provides an alternative to the long
drawn out process of getting a website to the top of a search engine. By
recruiting hundreds or even thousands of affiliates it is possible to achieve a
high a sales volume (albeit at a lower margin). The use of an affiliate channel
has the advantage of being relatively the low cost to implement and not
restricted by the algorithmic ranking factors of search engines.
Lastly, a paid advertising or 'pay per click' strategy could be used to
develop your business idea. Detailed knowledge of the return on investment
(between advertising spend and your product break even point) is essential. The
use of pay-per-click advertising is the most commonly used method of online
advertising. This is where textual based adverts appear alongside organic search
results, as well as on search engines content partners. Advertisers pay per
click campaigns can be turned on or off depending upon the success or failure of
the campaign.
Online marketing also involves disciplines such as brand awareness, graphic
design, website design, affiliate marketing and financial awareness. For
instance, it is necessary to decide what the type of website that is going to
be created; is it a Brochure only website, portal based model or perhaps a
secure online shop (selling goods and services to consumers via a shopping
basket).
There are many online marketing companies that can assist the beginner in
helping to achieve his or her objectives. Most will charge a fee regardless of
whether or not those objectives. In other words, it is not a shared risk and
reward the partnership.