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Most
companies believe their business will benefit from leveraging the internet, but
only a precious few have succeeded in translating that belief into financial
success. What separates the successful ones from the rest is having a
comprehensive online strategy before spending money on a shiny website or
buying some fancy web applications and technology.
In the Indian context, poor broadband penetration has
been cited as an excuse for companies to invest very little in the online
media. Often it's just that: an excuse. Examples of successful enterprises
abound in the Indian online arena, not only in the conventional domains like
recruiting, travel ticketing, matrimonial and financial markets but also in non-transactional
models like real estate, services, consulting, education, hospitality and many
others. If you still don't have a good web strategy in place an unique
opportunity may be whooshing past you, soon the Indian online space is going to
be crowded beyond recognition and you may be left paying catch up instead of
establishing an early advantage.
We at Lucid Sense consulting have been repeatedly
surprised by how many large companies in India have no real answer when we
ask them about their online strategy; in fact some confuse having a website with
having a web strategy. The situation is no better with the more nimble and
dynamic mid sized and small firms, they are often spending 40-50% more on
offline media, to address challenges that can be solved effectively online.
Ironically the web is the one place where marketing is
truly flat; you have the same 15 inch (give or take) screen to talk to your
consumer as does a multi billion dollar enterprise. Compare that to marketing
in the conventional media, a large enterprise can drown your display advert
with a full page blitz or dwarf your outdoor campaign by covering an entire
building! In other words, scale in the online world is not about size, it's
about creativity and reach.
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Once you know why you are online, its time to package the
offering correctly.
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Granted that big money can buy big reach, but the smart
move is to go after targeted reach. It's like using a sniper rifle while others
are spraying bullets with a machine gun. Since ROI lies in targets acquired per
bullet, you know who the winner will be. Following are some steps to a
successful online strategy.
To go online or not
Identifying challenges that can be addressed online and
those that are better left offline is a key question to consider. As a general
rule if your target consumer is online or has influencing members who are
online, you can reach them for brand awareness, sales, recruitment, promotions,
brand recall and increasing your network reach to name a few. If your
organization is interested in any of the above, its game on! Pick your reasons
and remember to set tangible short term and long term goals, so you can
evaluate success.
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Scale
in the online world is not about size, it's about creativity and reach.
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Build it
before you market it
Once you know why you are online, its time to package the
offering correctly. In many cases it's your website that creates the first
impression. A few important points to remember while building your site are:
* Keep
it simple; do not make it a challenge for the visitor to find information. If
you must make things flash and jump around on a web page, get a personal
webpage and knock yourself out.
* Do
your company a favor and build WebPages that a search engine can find, do not
hide your most valuable information deep inside a database.
* Ensure
your content is crisp, concise and error free. Get a copywriter to give your content
a once over if needed, and choose appropriate imagery, its best to click your
own pictures and give the stock shots a miss if you can.
* Update,
update and update. If your "latest news" section says "company picnic - Jan
2004". The visitor is left wondering if you are still in business.
Marketing
and positioning for success
Its Google's online world, we just surf in it! If your
site is not featuring well on hugely popular search engines like Google, a
large section of consumers can't reach you. Many believe it must be costly to
advertise there, but the reality is that these systems run on a
pay-for-performance model, you do not pay for the thousands of times your
advert is displayed but only for the times a visitor actually reaches your
site. What's more you also get to decide how much you pay per visitor and
overall budget.
Innovate
to Succeed
One of the motivations for my co-founding Lucid Sense
Consulting (www.lucidsense.com) was to help companies build innovative
and cost effective web strategies as alternatives to paid advertising. Some of
the strategies one could explore are leveraging social networks, corporate
bloging, establishing thought leadership, back link building, viral marketing
and organic listing strategies. The entire online ecosystem was built on
innovations and it still hold true that an innovative campaign can outperform a
large conventional one.
Kranti
has co-founded two companies in the Web technology space Netcisive and Lucid
Sense; the companies have been engaged in over 400 online projects
internationally in the last 4 years. He can be reached on
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Issue BG83
Feb 08
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