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| Guide to Successful Ecommerce |
Ecommerce is now a multi-billion pound industry. As
more consumers move online, and as online media channels
increase our dependency on the internet, ecommerce
continues to rise with sales volume increasing quarter
after quarter. The internet has created an opportunity
for a paradigm shift – offline brand exposure
filters through to the internet, however in a somewhat
diluted -- and third-party dependant -- fashion.
Offline retailers that moved online close sales through
online channels from customers they have acquired
in the offline world, however their dependence on
direct media channels should not be underrated. Harnessing
ecommerce often means harnessing search engine algorithms
to increase organic search engine results –
through this channel and through paid search, advertisers
are not merely looking for traffic from branded search
phrases. The ability to drive sales through generic
and brand indecisive search queries created an opportunity
for easy scalability and few barriers to trade compared
to the offline world. Offline brands have the advantage
in terms of search engine algorithms favoring editorially
given links – something which they garner much
easier than others – as well as their larger
budgets and economies of sales which they can leverage
from the offline world.
Savvy marketers, who understand the internet and how
to capitalize on the opportunities it provides, are
not the CEOs of ecommerce outfits seeing double digital
growth as they eat away at market share of large brands.
Post bubble we have seen little consolidation in the
ecommerce side of the online business world either.
The simple reason for this is affiliate marketing.
Affiliate marketing has provided opportunities for
savvy marketers to partner with offline retailers
and take commissions on sales they refer offline.
Marketers then have the opportunity to take advantage
of their partner’s economies of scale, brand
awareness and lack of flexibility. Affiliate marketers
opt for what they see as a more scalable business
model, while they sacrifice the value of a customer
throughout their lifecycle and fail to use their competitive
advantage to rapidly build market share when they
are on an even playing field with the larger brands.
That is why the time to truly harness ecommerce
is now. Through using the internet it is easy to build
a scalable business which is not restricted by geography
or particularly capital intensive. Through commissioning
an ecommerce website you can diversify your sales
channels and provide a medium through which to leverage
direct marketing channels such as paid and organic
search. A highly usable website coupled with great
customer service will lead to high rates of customer
retention, positive brand exposure and continued growth.
The important element of successful ecommerce companies
is their willingness to test new marketing mediums,
which do not require large initial investments, and
to scale up whenever an opportunity arises. Where
an asset such as a shop may cost hundreds of thousands
of pounds, an ecommerce
website is much cheaper, many fixed costs become
variable ones, and geographical restriction is replaced
with only technophobia – ensure that you capitalize
on the opportunity before consolidation happens and
barriers to trade tighten.
Bruce Abbott, a proficient writer, writes for www.a1-web-design.co.uk.
The author writes articles about Web
design London and new internet business start
up. Supplementary editorials that were written by
Bruce Abbott about Web
design consultancy services are accessible on
the intern.http://www.articlealley.com
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