Latest Comments...
  1. Re: How to make more money on the internet - forget your website

    Posted on Monday 8 March, 2010 by Alice Elliott.
  2. Re: Are you socially isolated?

    Posted on Sunday 7 March, 2010 by Neyat.
  3. Re: Squidoo - Make Money With PotPie Girl and the Free Squidoo Guide

    Posted on Sunday 7 March, 2010 by Bosco.
Feed
Can I write for you?

If you would like me to write an article for your website or a guest post for your blog, just contact me with your requirements. There are no fees payable, as long as you agree to provide a link back to my site. Articles and blog posts will be tailored to your audience and your site - but we'll discuss your exact requirements anyway.

Read more...

Home Blog Retail Internet shoppers plan to spend less in 2009

Internet shoppers plan to spend less in 2009

Internet shoppers are planning to spend less in 2009 than they did last year, when they forked out a staggering £20bn for online products and services. According to a new study, almost half of people currently shopping online say they will be spending less via the internet in the coming year. Just when you thought the web was going to come to the rescue of businesses as the recession bites, along comes the consumer to say "no thanks".

So, if people are planning to spend less, how can you make sure you face up to the competition and convince them to spend with you, rather than some other web site? Never before has persuasiveness been such an important topic.

Today's research gives you a big clue. Six out of ten people in the survey said that recommendations and promotional emails would be more likely to make them buy online. Two thirds of online shoppers now use recommendations in order to help them determine whether or not to buy, the study shows.

Previous research shows that recommendations on a web site actually lead to more sales. In a study of online recommendations, researchers from The Netherlands found that product sales went up by 20% when they had an associated recommendation.

Essentially what happens with recommendations is they trigger the subconscious need for social acceptance. When we do something, we are always hoping that what we do will be acceptable to others; if it isn't, we get stressed. So our subconscious brain works all the time to make sure that what we are doing is as socially acceptable as possible.

When it comes to buying something, we always want to know (subconsciously) that we have made the right choice. When other people confirm our choice, in their recommendations, it is telling our subconscious brain that it is OK to buy the item. In other words, if your products and services do not have recommendations or star ratings from buyers, you are REDUCING the chances of social acceptance and thereby cutting down on your potential sales.

Interestingly, the research published today also emphasises the importance of email marketing. Online shoppers want to hear from you via email. Forget all the nonsense that email is dead; your customers are telling you that's how they want to be informed of products they might want to buy.

So, your strategy for survival as people spend less online in 2009 is easy. Firstly, set up reviews and star ratings for your products (if you don't already have them on your web site). Secondly, make sure you crank up your email marketing.

 

0 Comments

Add Comment



Click to get a new image.
Graham Jones Blog
Search this site

Follow me...
Blog by email

Enter your email address:

Delivered by FeedBurner

FREE booklet...!
Get my FREE booklet on how to increase your Internet Profits. This 10-step guidebook will show you how to increase your business income online.
Name
Email
Contact details
Postal Address:
Unit 38
105 London Street
Reading
RG1 4QD
United Kingdom

Tel: 0118 336 9710
Fax:
0118 336 9711

Email:
My Business
Part of The Graham Jones Business Group

The Graham Jones Business Group

Fellow of the PSA

Some Rights Reserved
spacer