Web Science Stream Strategies for Marketing, Sales, and Promotion Dr Alexiei Dingli 1 Creating an Effective Web Presence • Businesses always create a presence in the physical world by building stores and office buildings. • The only contact that customers and other stakeholders have with a firm on the Web is through its presence there. • Creating an effective Web presence can be critical even for the smallest and newest firm operating on the Web. 2 Why is it so important? • 97 Million People Online • $7 Trillion This Year • 50 Times More Than 1999 • 1 Billion Emails Each Day in US • Doubling Every 17 Months • Within 5 to 10 Years expected to double every 11 Hours 3 The situation today … 4 Online vrs Traditional marketing • Consumers Want Time Savers • Education & Research • People Communicate Differently 5 Revenue Models • • • • Web Catalogue Revenue Models Digital Content Revenue Models Advertising Supported Revenue Models Advertising-Subscription Mixed Revenue Models • Fee-for-Transaction Revenue Models • Fee-for-Service Revenue Models 6 6 Web Catalogue Revenue Models • 130 year old idea • Mail Order catalogue revenue model • Seller – establishes a brand name – using brand strength to sell through catalogs • order via a toll-free number or website – important for the web-weary • Computers, consumer electronics, books, music, videos, luxury goods, clothing , flowers and gifts 7 • http://www.amazon.com 7 Digital Content Revenue Models • Reduction of Printing costs – Reduction of fees charged • Examples – – – – Legal research tools Doctoral dissertations and masters thesis Journals and Books First pioneers where sellers of adult digital content! 8 – http://search.epnet.com/ 8 Advertising Supported Revenue Models • As used by network televisions • Sales grew by 1998 but reached a plateau in 2000 • Now improving gradually • Major problems – No standard for advertising charges – few web sites have enough visitors to interest advertisers • Examples: Web Portals, Newspaper publishers, Niche Market sites 9 • http://www.timesofmalta.com/ 9 Advertising-Subscription Mixed Revenue Models • Subscribers pay a fee and accept a limited amount of advertising • Used by distinguished newspapers – New York Times – Wall Street Journal • Others provide free access to recent news but charge a fee for archived news • Others require subscription to print version for access to entire site • http://www.nytimes.com/ 10 10 Fee-for-Transaction Revenue Models • Fee charged based on number/size of transaction • Disintermediation – removal of middle-men in selling • ReIntermediation – Use of fee-for-transcation sites in selling • Examples – – – – – – – Travel Agents Automobile Sales Stockbrokers Insurance Brokers Event Tickets Real Estate and Mortgage Loan Brokers Online banking and Financial Services • http://www.hsbc.com.mt/ • http://www.bov.com/ 11 11 Fee-for-Service Revenue Models • Fee charged based on value of service provided • Examples – Online Games – Streaming of Concerts and Films – Professional Services • limited by state-licensed professions • http://www.java.com/en/ 12 12 Revenue Models in Transition • Subscription to Advertising-Supported – Microsoft Slate Magazine • Advertising-Supported to Advertising-Subscription – Salon.com • Advertising-Supported to Fee-forServices – XDrive • Advertising-Supported to Subscription – Northern Light • Multiple Transitions – Encyclopedia Brittanica – info-seller to advertising-supported to advertising subscription models 13 13 Revenue Strategy Issues • Channel Conflict and Cannibalization – competition between different selling channels • Strategic Alliances and Channel Distribution Management – companies join in an activity over a long period of time (Amazon) – web portals and web services • Mobile Commerce – Growing, but not as fast as expected 14 14 Identifying Web Presence Goals • On the Web, businesses have the luxury of intentionally creating a space that creates a distinctive presence. • A Web site can perform many image-creation tasks very effectively, including: – – – – – Serving as a sale brochure Serving as a product showroom Showing a financial report Posting an employment ad Serving as a customer contact point 15 15 Achieving Web Presence Goals • An effective site is one that creates an attractive presence that meets the objectives of the business or other organization. • Possible objectives include: – – – – – – – Attracting visitors to the Web site Making the site interesting enough Convincing visitors to follow the site’s links Creating an impression of corporate image Building a trusting relationship with visitors Reinforcing positive images of the organization Encouraging visitors to return to the site. 16 16 The Toyota Site • The Toyota site is a good example of an effective Web presence. • The site provides: – – – – A product showroom feature Links to detailed information about each product line Links to dealers Links to information about company – http://www.toyota.com/ 17 17 Quaker Oats • Quaker Oats has created Web sites that did not offer any corporate presence until 1999. • In 1999, Quaker Oats changed its Web page to improve its general appearance and user-friendliness. • The Toyota and Quaker Oats examples illustrate that the Web can integrate an opportunity for enhancing the image of a business with the provision of information. 18 18 Quaker Oats in 1998 19 19 Quaker Oats in 2002 20 20 Quaker Oats in 2002 21 21 Not-for-Profit Organizations • A key goal for many not-for-profit organizations is information dissemination. • The combination of information dissemination and a twoway contact channel is a key element in any Web site. • The American Civil Liberties Union and American Red Cross have created effective Web presences. • Political parties and museums also use Web site for their image presences. 22 22 How the Web is Different • The failure to understand how the Web is different from other presence-building media is one reason that businesses fail to achieve their Web objectives. • Firms must use the Web’s capability for two-way, meaningful communication with their customers. 23 23 Meeting the Needs of Web Site Visitors • Businesses that are successful on the Web realize that every visitor to their Web site is a potential customer. • Creating a Web site that meets the needs of visitors with a wide range of motivations can be challenging. • Technology variation can be another concern to Web presence. 24 24 Meeting the Needs of Web Site Visitors • A good Web site should give the visitor the option to select smaller versions of the images. • A good site design lets visitors choose among information attributes, such as level of detail, forms of aggregation, viewing format, and downloading format. • Flash Debate 25 25 Trust and Loyalty • When customers buy a product, they are also buying that service element. • A seller can create value in a relationship with a customer by nurturing customers’ trust and developing it into loyalty. • Customer service is a problem for many corporate sites. • A primary weak spot for many sites is the lack of integration between the companies’ call centers and their 26 Web sites. 26 Customer-Centric Web Site Design • Design site according to visitor’s navigation, not company organization • Avoid jargon and business terms • Cater for low-end clients • Consistent features and colours • Visible text and navigation controls • Test colour combinations for colour blind visitors 27 27 10 Marketing Tips • • • • • • • • • • Grab ‘em Don’t mix messages Feature a call to action Retain your branding Make it easy to contact you Use expected colors and imagery Optimize for search engines Feature testimonials Focus on the visitor Adopt a privacy policy 28 28 Grab’em • A good headline… – Is focused on the visitor, with words such as “you” and “your” – Is the dominant element on the home page – Appears larger than even your logo, company name or tagline 29 Don’t mix messages • Be clear • Feature what you offer – Use pictures – Use relevant text • Link directly from those images on the home page to detailed pages with extensive information and more pictures 30 30 Always observe the 1-2-3 rule 1 – 2 – 3 … I’m ‘Outta Here! • Can visitors find whatever they want within “3’ clicks? • Based on experimental results. 31 31 Feature a clear call to action • Tell the site visitor, on the home page, exactly what you want them to do • Visitors will read your site content at length if it answers their questions • Be sure to ask for the business at the end of the page or article (get to the point) 32 32 Retain your branding • Building upon your existing brand identity is key to immediately establishing trust… • These elements need to be consistent with your brand’s off-line identity… – – – – Brand logo Brand name Key messaging Graphics 33 33 Make it easy to contact you • Your visitors don’t want to dig for the basics, so make sure it’s easy to find the following: – Telephone numbers – Contact forms (mini and full) – E-mail links – Physical address of your place of business in an easy to copy format 34 34 Make it even easier to contact you • E-mail Signature w/ Contact – Hyperlink to Your Site – Peak Interest w/ Free Offers – Focused E-mail Subject Line 35 35 No surprises • Use industry-appropriate color and imagery – Give your visitors what they expect exactly as they expect it – Don’t attempt to re-brand your industry – This is your opportunity to be consistent and professional at the beginning of the sales process 36 36 Optimise for search engines • Search engine optimization is the art and science of increasing your website’s visibility in the major search engines across a strategically defined set of keywords and phrases that apply to your products or services • An estimated 77 percent of Internet users employ search engines to find Web sites • 20,000 Search Engines & Directories • If you are not listed on Google or Yahoo, you are invisible – It doesn’t matter how well known your brand is! – Visitors will not guess your site name but will go through Google 37 or Yahoo just to be safe 37 But how to market to Search Engines? • • • Unique Content Links to Your Site (ask!) Design Fundamentals make a difference • Top Search Engines by Search Share, January 2005, U.S., Home & Work Search Engine Searches* in thousands Share of Total Searches Google Search Yahoo! Search MSN Search Total 1,923,153 868,174 523,188 4,085,880 47% 21% 13% 81% • Note: Searches are the total number of queries conducted at a search engine during the specified reporting period, excluding internal site searches. 38 38 Search Engines count in links … • Search Engines measure popularity through links • Don’t be a copycat – unique content matters 39 39 Speak the Search Engine language • Find out what you are saying to the search engines • Keyword Density • Bloggers Linking to you? • Test Your Web Site Here: http://www.schipul.com/en/ sem/keywords/ 40 Buy your way to the top … 41 41 Get a hand from popular sites … • Often overlooked quality links • Make sure your link – is done right! • Organization sites typically rank well. 42 Feature Testimonials • Assure visitors that you are a “real” company with a solid reputation – Gain client approval to use a quote – Even better, use client logos and link to their Web sites – Never assume that everyone knows you want their business 43 43 Focus on the visitor • Cater to what the visitor wants and needs from your site, then give it to them… – If you are a association, offer online registration and case studies – If you are a plastic surgeon, offer dynamic before-and-after photo galleries – If you are targeting the younger generation, offer games 44 or social software tools (myspace.com) that feature your brand Adopt a privacy policy • Respect the privacy of your site visitors with a privacy policy – Link to a written privacy policy at the bottom of every page – Be sure policy is written in normal language, not legalese 45 Come back … • How to make people return to your site? – What’s New Section – Ask The Expert or FAQ – Testimonials – E-Zines (information rich & focused) 46 – Giveaways, Surveys & Contests 46 E-Zines • • • • • • E-Zinez.com & EzineQueen.com Speed to Market Low cost – No Cost – Low Risk! Wide Distribution Easy & Effective As easy as – A) Copy Format & Text – B) Cut & Paste Your Message – C) Test & Send BCC 47 47 E-Zine Subscribers • • • • • • • Existing Customer Database Give something For FREE Opt-in Sign Up On Web site Buy E-mails From List Companies Articles Featuring Your Expertise Publicity Post On E-zine Directories 48 48 Website R.I.P 1. Dead Links 2. Site or Page Under Construction 3. Too Many Fancy Graphics/Gadgets 4. Backgrounds Take Too Long To Load 5. Mixed Messages and Scroll Bars 6. Burying Your Message 7. Overall Unprofessional Image 49 Time for time travelling … • • Thanks to the Way Back Machine http://www.archive.org/web/web.php 50 50 WayBackMachine 51 51 Analysis … • Is the website effective? – Is/can it being promoted? – Are there signs of branding? Which? • Visitors – – – – – – • • • Is it usable? Why? Is the company diversifying or focusing on core business? What business model is being used? – – – – – – • What are their needs vis-à-vis the organisation? Does it meet them? How is trust and loyalty being boosted? How is it reaching customers? Is it saving them time? Does it cater for different customers (Personalisation)? Web Catalogue Revenue Models Digital Content Revenue Models Advertising Supported Revenue Models Advertising-Subscription Mixed Revenue Models Fee-for-Transaction Revenue Models Fee-for-Service Revenue Models 52 M-Commerce? 52 Questions? 53