Archive for the ‘Web Marketing’ Category

Avoid Choice Paralysis for your users

Tuesday, November 17th, 2009
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ChoiceParalysis_diagram

Individual from marketing field must be very well versed to the concept of  “Choice Paralysis”

What is Choice Paralysis?
The phase of Choice paralysis takes place when the user is given too many options to look and choose. Having choice is good option, but when your customers are presented with too many options, they may be confused about taking right decision.

What is solution to state of  ”Choice Paralysis”?
Get things more simple to know and make less clutter of choices from the plate of user, guide the user by telling the benefits of making right choice. Use visuals to highlight the most popular product and steer potential customers towards it. If the product is not right for them, they’ll pick another, but if they’re confused, a “default” choice helps prevent choice paralysis

Is my Online Advertising Effective ?

Friday, August 28th, 2009
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As a business concern, have you spent sleepless nights wondering how well are your Internet advertising campaigns are performing ? Not uncommon, we say… In the past, many sites did not offer suitable methods of tracking clicks, views, and conversions leaving you in dark on the effectiveness of your campaigns.
The good news is, this is changing.. Most of the sites these days have employed tracking programs which offer you the ability to view how many impressions your ad has received, as well as how many clicks your ad has earned.

A few handy tips on this would be…
The legitimacy of the conversion ratio reports you get from your advertising company can be checked through a simple tracking method. By using redirects or a link program, you can assign specific links to the different sites where your ads are appearing and each time a customer clicks on your ad, you will be able to see the info in your Web site’s log files or through reports generated by a link program.

Asking your customers how they found your website can be a low-tech option to track effectiveness, by placing a simple referral box in your site’s shopping cart before customers finish placing their order.

The referral box can be pretty helpful if you have to find out which sites are providing you with the best impression to click ratio or the best click to buy ratio as well.

If the ratio of impressions to clicks is low, it’s a clear indication that your ad is not able to connect to your target audience. Time to redesign your campaigns !

Always test waters by starting small in the beginning.. This way, you will have feelers about your new campaign’s effectiveness even before its launched.

Tracking which of your ads convert browsers to buyers will tell you which approaches work best. This way, you can fine tune your advertising spend on the campaign through tested data .

Advertising on the major search engines gives you access to relatively sophisticated tracking systems. Something as simple as a tracking code on the URL submitted to each unique campaign can provide gross level information by looking at your the traffic data in your ISP log files.

For more sophisticated solutions, you might want to try traffic monitoring (aka “Web analytics”) tools like Clicktracks or OneStat. Tools like this will give you more data than you will initially know what to with; however, as your business grows, so will your need for information.

A successful online advertising campaign will come with pro activeness of the advertiser and his grip on the facts and figures. Have them correct and you will be able to exploit your advertising budgets to the fullest and get the best out of it. Good Luck !

Online T-Shirt Stores, catching up!

Tuesday, August 11th, 2009
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As a part of our market research activities, we were evaluating the customized t shirt market scenario in India.  Online t-shirt selling websites are a huge successful in the US and lot of these models are being adopted for the Indian market as well.

There are two prominent business models that have been successfully implemented in the US.

  • The Custom made t-shirts(Customized by user) Eg : Zazzle, cafepress (They sell other merchandise as well : mugs, stickers, caps etc)
  • Community based T-shirt company (Winners of a design competition) Eg : Threadless

Both these models are replicated in the Indian market.

Myntra, Pringoo are at the top of the league now.They have a model similar to Zazzle

Inkfruit has a different business model more on the lines of threadless.

When we are talking about a emerging market like India where the size of the market is huge and adaptability of a new product is slow, we realized a few important aspects which have to be done right to be successful in this business. we spoke to some sample set of users and we asked them what would influence their decision to buy t-shirts online and this is what we found out in the order of priority.

1. Brand suggested by peers
2. Visual appeal of the site
3. Customer experience on the site
4. Availability of designs
5. Selection of T-shirt types
6. Customer service
7. Name of the web site
8. Search engine ranking
9. Price

One might be surprised to see price at the bottom of the list, but if we consider the fact that we are still in the  nascent stages of this market, price after all is not a major competitive advantage.

Many new businesses are emerging in this field and these aspects have to carefully addressed by them to make an impact on the market.