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A Little Mistake That Is Costing Businesses Millions Of Dollars
A Guide To AdWordsIf you're a regular internet user, you have undoubtedly used Google recently. And why wouldn't you' It's a great service. ..... =========================================
A Little Mistake That Is Costing Businesses
Millions Of Dollars Per Year
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The majority of businesses operate in highly competitive markets.
What a customer can buy at your business, they most likely can buy
at 101 other businesses.
Perhaps an example will clearly illustrate this point. Do a search
in any search engine for "As Seen On TV Products". You might be
staggered by the numerous choices in the result set. Which one do
you choose' At this point you might as well do "enie-meanie-minie-
moe" and randomly click on a company.
Now let's suppose you sell "As Seen On TV" products and you're the
lucky company who gets this customer's business. They order a
number of items (maybe Ron Popeil's Ronco Showtime Rotisserie -- you
know, the "set it and forget it" guy) and you ring up a nice sale
for $100. You beat out your competitors, THIS TIME.
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Caution: Beware of This Danger Zone!
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Here's where the danger arises. What happens when this customer
wants to purchase another "As Seen On TV product"' They go back to
the search engine, search for "As Seen On TV Products" and once
again get overwhelmed by the massive result set. They do another
"enie-meanie-minie-moe" but this time click on one of your
COMPETITORS' web sites.
Guess what' You just gave away your customer to one of your
competitors. This is analogous to accidentally doing a slam dunk in
YOUR own basket in a game of basketball and giving the opposing team
the point! Your competitor -- or the other team -- can't help but to
feel gratitude towards you for helping them out.
That's right. Every single day of the week businesses are repeatedly
"shooting themselves in the foot." Instead of you making another
$100 on Ron Popeil's rotisserie, your competitor is enjoying the
fresh smell of that crisp new $100 bill. This is like committing a
crime against your own business. At this rate you might as well walk
out into your office parking lot and start burning your money.
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The Little Mistake That Costs Big Money Revealed
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Are you curious to know why so many business people make this fatal
mistake' The answer is so simple that it might shock you:
They overestimate the amount of work a customer will do to come
back to them.
Here's a fact. Most customers choose to take the path of least
resistance. Think about your own psychology for a minute. Do you run
all over town like a madman or madwoman to "find" a company again'
If you're like most people, you can't be bothered with that. Rather,
you take the more convenient way and order from the company that is
right in front of you.
So, how do you cure the "I gave my customer to my competitor"
disease' The answer is desktop marketing ......
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