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Hope Floats In A Bad Economy With E-commerce
Filed Under (Affiliate) by Sven Makowal on 10-03-2010
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.
Statistics recently available through eMarketer suggest a 65% growth in US shopping over the internet between 2008 and 2013. In raw numbers this means a jump in US dollars from $133 B to $203 B. In Canada the growth from 2007 to 2012 is expected to equal these percentages with the Canadian dollar value rising from $13.8 B to $22.8 B. From a strategic perspective any company not doing business over the internet today is disadvantaged. However, the growth forecasts also mean that if your not in the game today by no means are you too late either.
Its difficult at best for anyone who reads a paper or watches or listens to the news to not be feeling down about the current economic reality. As with everything else in life however we can choose to be negative or we can search for the opportunity. And there is plenty of opportunity when we look at the internet. We know that by typing www we have almost instant worldwide fame or infamy. Its easy to get a message or advertisement out to virtually anyone who has an interest in it. When we overlay Shopping Cart technology it becomes even more powerful. Many of us would like to do more for our families and for ourselves but the economic circumstances for many is this is just not possible given what we are bringing home. Internet and e-commerce mean the possibility of multiple income streams are becoming a new option for many. If you have an idea or product and the interest to make them a reality you can also leverage a second or even third income. And the availability of many excellent Affiliate Programs means you don’t even have to have an idea or product right now. You can use someone else’s product or service and represent it while you learn the e-commerce game and work on your own idea.
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.
Regardless of any economy there are always people wanting to buy today and people looking to gather information to purchase later. If your product and website are convincing enough and your e-commerce solution easy to use then you will get the now buyer. But the shoppers need to be convinced. Therefore, any good shopping cart will have a capability to stay in touch with the shopper. The wise internet seller can source other technologies that can work with their shopping cart and e-commerce programs to deliver on-going campaigns keeping your prospects up to date and interested in your products and services. This means they don’t have to constantly surf your site to see when a sale or other special is on. For an example of a company with an excellent marketing campaign technology check out www.AutomatedMarketingSolutions.com. The social networks such as Face Book, U-tube and Twitter are also excellent ways to build rapport and credibility with future buyers so that when it does come time to buy, your name and product are at the top of their mind. These media provide excellent ways of measuring the reception of your products and services and gauging the readiness of the public for an idea you may have. Therefore, don’t limit yourself in how you reach out to your current and future prospects and customers.
If there is anything we can learn from the large organizations around us today it could be this. More and more they are recognizing the need to develop marketing programs that integrate both the internet and their traditional media. A report released in Feb. 2009 of CMO priorities for 2009 indicated that this ranked 2nd on their list of top 10. They are doing it to cut overhead and traditional advertising costs and to capitalize on its popularity. For the small to medium business or work from home entrepreneur, the same benefits hold true. The ease of set up, the ability to get to market with a product or idea and the shopping cart capabilities levels the playing ground for all of us. The thing that sets us apart will be the effectiveness with which any individual or company uses these tools to attract and convert.
Invest in yourself by implementing your E Commerce Internet Shopping today! A E Commerce Professional EBusiness solution can be simply and quickly implemented
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