Thursday, 18 June 2009

Marketing Online - 4 Basic Advantages

Marketing online has 4 basic advantages.

These 4 basic advantages of marketing online have continued to become increasingly important as the internet has grown in dimension and influence.

More and more retailers and entrepreneurs are looking to the Internet to market their products and services as the limitless potential and power of marketing online becomes more and more apparent.

1) Convenience.

The first and most obvious advantage of marketing online is convenience.

If you have a computer and internet access, you can conduct business anytime, anywhere. And now that laptops are so common, this is even truer than before.

Everyone wants better and faster access to products and services and there is no indication that this will ever change.

And now, with the power of Online Marketing you can conveniently transact business from anywhere and reach your customers wherever they are.

Now that's convenience!

2) Cost Reduction:

Marketing online has greatly reduced the advertising costs on the seller's end,

A perfect example is email.

You can send costly postcards to thousands of people and may realize some profit a week or two later. With email, however, you can send out emails to the same thousand people and realize an increase in sales an hour from now, at absolutely no cost to you.

If you want to make money online but you're starting from scratch and have a next-to-nothing budget you may want to begin with Affiliate Programs - i.e. selling other people's products.

With some online Affiliate Programs you can be set up in business literally within a couple hours and be making a profit in a matter of days for little or no capital output.

3) Speed of Communication:

Suppose you have a brick and mortar business and just found out one of your products is permanently going off the shelf.

You want to run a sale to clear your stock, but it will take a few days to reach your customers with the news.

Now, your competitor up the street also has this product and has gotten the same news.

She, however, is marketing online and can send out one mass mailing and have her customers at her store that same day.

You end up being stuck with the merchandise while she has moved on to the new and improved product.

4) Market Reach:

The fourth basic advantage of internet marketing is your market reach. You can literally sell to the world, that's why it's called the world wide web.

When you start a business, you will always have a limited number of customers who can physically travel to your store.

But when you're involved with online marketing you can reach just about every nook and cranny of the world.

If you're marketing online your customer base is anyone with internet access - with a growth potential of millions.

Every day, more and more people join the online community. As they are added to the internet, they are also added to your potential customer database.

These are advantages you just can't beat.

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