no matter when you
choose to mark the beginning of e-retailing over the Internet, as we enter
2004, consumers have been buying and retailers have been selling on the
Internet for more than 10 years. That’s more than 40 web-years!
It’s now time to get back to basics – for the first
time! Internet-integrated retailing is no longer limited to early-adopter
enthusiasts. Today’s online consumer is exactly the same consumer
you will meet at the local mall or the local Wal-Mart. Women
e-shoppers significantly out number men shopping online. Kids of all
ages are now all over the Internet - hanging out in chat rooms, visiting
cool product/brand sites, sharing the buzz with their friends. And
kids continue to be the number one product/brand influencer in the family.
Does your online presentation cater to the mainstream
consumer? Or are you struggling to compete catering to an increasingly
less significant early-adopter clientele? Do you know that only 35% of
households visit your webstore over a broadband connection and 65% are
still using a dial-up connection? Do you know that your average online
consumer spends more than 10 hours a week logged on? And what her favorite
online activities are?
What are the basics?
In this VIEWPOINT,
we are going to look at five practical considerations – five basics –
that every e-retailer must incorporate in his integrated retail strategy.
Mail-order
catalog.
With a few specific
exceptions, the Internet is and will continue to be the 21st century’s
high-tech version of the mail-order catalog. Delivering a world of exotic
treasures, intriguing novelties, premium fare and well-priced necessities
for consumers to browse through. The direct-mail and catalog industry has
a wealth of generally available information on which to draw in planning
and executing your online retail strategy. For example, limit major
overhauls of your webstore to twice or three-times a year. This
corresponds with major seasonal direct-mail catalog mailings. Between
major overhauls, add seasonal sections, offer clearance sales or promote
best-selling items as frequently as you want. These targeted webstore
updates directly correspond to the abridged "pony" catalogs
distributed by direct-mail marketers between major catalogs. Your
customers will recognize and appreciate this familiar pattern of product
presentation and shopping convenience.
Through a straw, not a fire hose.
As mentioned
earlier, the majority of your e-customers are connecting to your webstore
over a dial-up connection. Simply put, this means that slick animated
presentations will take many minutes, if not hours, to download to your
customer’s computer screen. Data-overloaded web pages
may download incompletely. Test every page of your webstore on a variety
of computers across a variety of connections. Is your webstore as quick
and easy to shop on your neighbor’s dial-up connection as it is on the
broadband connection in your office? If it’s not, you are at risk that
the majority of online shoppers are going to take their business to more
accessible, shop-able competitors.
Excuse me, where’s the …?
E-retailers have come
to realize just how easy and inexpensive it is to add new products,
reposition products in a webstore and change product prices and product
information. Be careful. Online shoppers are just like in-store shoppers.
They expect product to be displayed in logical arrangements. They expect
pricing to generally be the same from one visit to the next. They look for
daily or weekly specials, but don’t expect the entire store to move from
one pricing strategy to another with every visit. Manage your product
placement, pricing and promotion activities within an annual or seasonal
strategy. Give your online customers a consistent and enjoyable experience
every time they visit your webstore.
Taking it today, or can we deliver it for you?
Internet-integrated retailing offers the opportunity for you to provide
the full menu of customer service features to all your customers, whether
online, on the phone or in-store. Local online customers want to be able
to buy online and pick-up or exchange their online purchase in your
real-world store. In-store customers need to know that item they see in
your real-world store will be the same item, at the same price, when they
see it at your webstore. And most importantly, your customer expects to be
recognized as the same customer, whether online, on the phone or in-store.
Integrate your customer information records and integrate your online and
in-store customer service procedures without delay.
Junk mail.
Unfortunately, sending a promotional
e-mail to hundreds of thousands of unsuspecting online consumers costs less
than mailing twenty copies of a printed message through the post office.
Your consumers are now dumping promotional e-mail directly into recycling
just like the proverbial trashcan under the mail slot at the front door.
Do not add to this useless, wasteful clutter. If your customers are
interested in receiving news of your latest specials or features, invite
them to register with your company online or offline, giving you
permission to send them news of interest to them. Advise your registered
customers of the From, To and Subject lines that you will be using in your
promotional message. If your e-mail marketing looks like junk mail, it
will be discarded like junk mail.
These are only five basics of smart and successful
Internet-integrated retailing. Visit www.bricksNclicksPROFITS.com
regularly during 2004 to get more "Winning Internet Integration Strategies
for Today’s Retailer."
Happy
retailing,
Peter
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contact Peter, click here
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