Atricle Dump - Top 3 Myths About Internet Marketing

According to projections by eMarketer.com, online ad spending in 2005 grew by more than 30%, surpassing the $10 billion mark for the first time. But many small and medium-size business owners (SMEs) are still wary of introducing Internet marketing to their business plans. If you listen to their reasoning, the Internet might be considered as the fax machine once was: unnecessary, unproven and not cost effective.

Well, today ignoring the benefits of an Internet marketing strategy can cost them far more in lost profits than choosing postal mail over faxes. Recently a study was done to determine the top 3 reasons small businesses have been reluctant to fully embrace the increasingly relevant Internet in their marketing plans. The results showed similar misconceptions on both sides of the Atlantic as to what Internet marketing is, and what it can do for their business.

Myth #1: "My business doesn't need Internet marketing" Lack of perceived need was the most common reason offered up by the focus group participants, but few successful business owners would ever say that their business doesn't need to advertise. Internet search engine giant Yahoo!, whose advertising network reaches 80% of active Internet users (Nielsen/NetRatings, 2004) has hundreds of business categories in its directory right down to the smallest niche businesses. The reality is that if you have a product or service to sell, prospects are looking for it online, even if the actual purchase is made offline. The objective is that your website (or ad) be found when someone is looking to buy, and today's local search algorithms bring those local searches to you, the local business.

Myth #2: "Internet marketing is too expensive" It's well documented that small business owners are cost sensitive, but it's a misconception that Internet marketing is expensive. In fact, Internet marketing solutions are in many cases considerably less expensive than most traditional advertising media that business owners are more familiar with. For example, a modest display ad in a yellow page phone directory can cost a company thousands of dollars per year while offering virtually no way to target specific customers or track the quality of leads produced (if any). With that kind of budget--or in most cases considerably less--a Pay-for-Performance search engine marketing campaign can deliver precisely targeted (they are interested or they wouldn't click) leads to a business' website, while documenting which ads produce which sales, and even directly tying specific activities such as telephone calls, e-mails, and/or online forms directly to a specific ad for real-time analysis and action. Direct mail and print advertising can be replaced or supplemented with email marketing and online promotions for pennies on the dollar, again offering better customer targeting and performance tracking capability. And because Internet marketing solutions can be deployed far more quickly than other forms of advertising, business owners are better able to respond to changes in the marketplace and adjust on-the-fly.

The Serviced Office Is A Comprehensive And Economical Business Solution
When it comes to gaining comprehensive business support, an increasing number of companies are moving to serviced offices as their solution. So, why is this a growing trend?Serviced offices provide a resourceful approach to business which, in many respects, exceeds conventional offices. As an extension of your company, a serviced office will cater to your firm's unique needs and adapt according to your changing circumstances - whether this involves start-up processes, growth and development, new locations or individual project support.What exactly do you get with a serviced office? Basically, ev not cost effective.

Well, today ignoring the benefits of an Internet marketing strategy can cost them far more in lost profits than choosing postal mail over faxes. Recently a study was done to determine the top 3 reasons small businesses have been reluctant to fully embrace the increasingly relevant Internet in their marketing plans. The results showed similar misconceptions on both sides of the Atlantic as to what Internet marketing is, and what it can do for their business.

Myth #1: "My business doesn't need Internet marketing" Lack of perceived need was the most common reason offered up by the focus group participants, but few successful business owners would ever say that their business doesn't need to advertise. Internet search engine giant Yahoo!, whose advertising network reaches 80% of active Internet users (Nielsen/NetRatings, 2004) has hundreds of business categories in its directory right down to the smallest niche businesses. The reality is that if you have a product or service to sell, prospects are looking for it online, even if the actual purchase is made offline. The objective is that your website (or ad) be found when someone is looking to buy, and today's local search algorithms bring those local searches to you, the local business.

Myth #2: "Internet marketing is too expensive" It's well documented that small business owners are cost sensitive, but it's a misconception that Internet marketing is expensive. In fact, Internet marketing solutions are in many cases considerably less expensive than most traditional advertising media that business owners are more familiar with. For example, a modest display ad in a yellow page phone directory can cost a company thousands of dollars per year while offering virtually no way to target specific customers or track the quality of leads produced (if any). With that kind of budget--or in most cases considerably less--a Pay-for-Performance search engine marketing campaign can deliver precisely targeted (they are interested or they wouldn't click) leads to a business' website, while documenting which ads produce which sales, and even directly tying specific activities such as telephone calls, e-mails, and/or online forms directly to a specific ad for real-time analysis and action. Direct mail and print advertising can be replaced or supplemented with email marketing and online promotions for pennies on the dollar, again offering better customer targeting and performance tracking capability. And because Internet marketing solutions can be deployed far more quickly than other forms of advertising, business owners are better able to respond to changes in the marketplace and adjust on-the-fly.

The Chinese Web - What's Out There
China already leads the world in the number of Internet users as well as Internet usage, with over 800,000 new Internet users coming online every week. You'd think that a country with so much Internet usage would have a big effect on the web. Well, they do, but for US users, we don't often notice their presence unless we go searching for it. Here's what's out there on the Chinese information superhighway:PortalsJust like other countries, Chinese users tend to use portals to find what they're looking for. Yahoo's Chinese portal is rated as the 6th most popular Chinese site. The #1 site for Chineswould ever say that their business doesn't need to advertise. Internet search engine giant Yahoo!, whose advertising network reaches 80% of active Internet users (Nielsen/NetRatings, 2004) has hundreds of business categories in its directory right down to the smallest niche businesses. The reality is that if you have a product or service to sell, prospects are looking for it online, even if the actual purchase is made offline. The objective is that your website (or ad) be found when someone is looking to buy, and today's local search algorithms bring those local searches to you, the local business.

Myth #2: "Internet marketing is too expensive" It's well documented that small business owners are cost sensitive, but it's a misconception that Internet marketing is expensive. In fact, Internet marketing solutions are in many cases considerably less expensive than most traditional advertising media that business owners are more familiar with. For example, a modest display ad in a yellow page phone directory can cost a company thousands of dollars per year while offering virtually no way to target specific customers or track the quality of leads produced (if any). With that kind of budget--or in most cases considerably less--a Pay-for-Performance search engine marketing campaign can deliver precisely targeted (they are interested or they wouldn't click) leads to a business' website, while documenting which ads produce which sales, and even directly tying specific activities such as telephone calls, e-mails, and/or online forms directly to a specific ad for real-time analysis and action. Direct mail and print advertising can be replaced or supplemented with email marketing and online promotions for pennies on the dollar, again offering better customer targeting and performance tracking capability. And because Internet marketing solutions can be deployed far more quickly than other forms of advertising, business owners are better able to respond to changes in the marketplace and adjust on-the-fly.

Utilizing a Virtual Assistant is Just Good Business Sense
Virtual Assistants are fast becoming a popular industry. It is through education that this field is beginning to truly grow. Hopefully someday soon people will be asking, “Who is your Virtual Assistant?” rather than “What is a Virtual Assistant?” Virtual Assistants are the key to allowing small business owners to truly create a thriving. Before deciding to work with a Virtual Assistant there are six questions that need to be answered.What is a Virtual Assistant?First and foremost, you must understand what the term means. Simply put, a Virtual Assistant is a business owner who offers administrati that small business owners are cost sensitive, but it's a misconception that Internet marketing is expensive. In fact, Internet marketing solutions are in many cases considerably less expensive than most traditional advertising media that business owners are more familiar with. For example, a modest display ad in a yellow page phone directory can cost a company thousands of dollars per year while offering virtually no way to target specific customers or track the quality of leads produced (if any). With that kind of budget--or in most cases considerably less--a Pay-for-Performance search engine marketing campaign can deliver precisely targeted (they are interested or they wouldn't click) leads to a business' website, while documenting which ads produce which sales, and even directly tying specific activities such as telephone calls, e-mails, and/or online forms directly to a specific ad for real-time analysis and action. Direct mail and print advertising can be replaced or supplemented with email marketing and online promotions for pennies on the dollar, again offering better customer targeting and performance tracking capability. And because Internet marketing solutions can be deployed far more quickly than other forms of advertising, business owners are better able to respond to changes in the marketplace and adjust on-the-fly.

The Business of Art Workshops: Creating Your Own Job Security
Recent articles suggest that many Americans work overtime hours for free. Especially with salaried jobs that are based on hourly wages for a 40 hour week, most hard working career minded individuals are willing to stay long past their 8 hour work day. They don’t want to feel worthless. But, they average nearly an extra full day per week.If they were to leave exactly when their eight hours were up, they think their boss is looking and will consider them slackers for leaving right on time. What a mentality to have! If you get paid for 8 hours a day, you should put your nose to the grindstone and getey wouldn't click) leads to a business' website, while documenting which ads produce which sales, and even directly tying specific activities such as telephone calls, e-mails, and/or online forms directly to a specific ad for real-time analysis and action. Direct mail and print advertising can be replaced or supplemented with email marketing and online promotions for pennies on the dollar, again offering better customer targeting and performance tracking capability. And because Internet marketing solutions can be deployed far more quickly than other forms of advertising, business owners are better able to respond to changes in the marketplace and adjust on-the-fly.

Myth #3: "I don't know where to start" For those small business owners that do see the value in Internet marketing, not having an Internet marketing strategy comes down to a matter of choice--or too many choices. Unfamiliar with the topic, getting help can be quite daunting. They can't afford to make the wrong decision, so sometimes they play it safe and stay out of the game altogether. But that decision is shortsighted, and limits their potential in today's market. The best advice is to approach the situation the way you would when seeking out help in any other area: Ask around, get referrals from friends or acquaintances; don't make a decision based solely on price, and beware of offers that sound too good to be true. Ask questions about the company and their experience, and read through their own website. Find out how long they've been in business and ask for client testimonials and/or case studies. Also think about whether they are locally based - it is much easier to get help if they are close by and willing to visit your place of business.

As in the past, it's important that business owners become proactive and not let old thinking stifle their growth. The internet has been called the great equalizer, and in many respects epitomizes the very fabric of our free-market society. Companies who continue to ignore Internet marketing opportunities risk being left behind by competitors that have looked past the myths and discovered that sometimes changing the way things are done can be quite a profitable move.

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.articledump.net/article/1380/articledump-Top-3-Myths-About-Internet-Marketing.html">Top 3 Myths About Internet Marketing</a>

BB link (for phorums):
[url=http://www.articledump.net/article/1380/articledump-Top-3-Myths-About-Internet-Marketing.html]Top 3 Myths About Internet Marketing[/url]

Related Articles:

Residential Construction - Estimating Software Will Save Contractors Time & Money!

Many contractors hold the belief that residential construction estimating software can cause more harm than good, and this was perhaps the case in the earlier stages of development. If you aren't a computer whiz (and lets face facts, how many contractors are?) it is probably a good idea to choose construction estimation software that includes video tutorials that are interactive.

Extra Profits At Your Craft Show Booth

You spend a lot of time designing and putting together your crafts for craft shows, and you make a pretty good dollar for it when you sell them. But, have you ever wondered if there are any other ways for you to improve the bottom line without putting so much hands-on work into the crafts?

How To Gear Up Your Network

The art of Networking is a key ability for any type of entrepreneur. Networking can bring you important information as well as give others important information about you.

Bookmark it: