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Why So Many Dotcoms Fail
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Bill Daugherty
epowerwww.com
E-Power Marketing
http://www.adsgalore.bizland.com
Why So Many Dotcoms Fail
By Bill Daugherty
The World Wide Web is booming. More and
more people are logging on and they are
spending more and more money, yet 95%
of all ebusinesses fail. What is causing so
many failures? I'm sure the reasons are
many and varied, but most of these failures
can be linked to three major causes.
The Wrong Marketing Mindset
Many newcomers to E-Commerce try to
market their ebusiness as though it is a
local brick and mortar business. Marketing
an online business is not as simple as hanging
out a sign, placing an ad in the Sunday paper,
taking a listing in the Yellow Pages, handing
out a few flyers and then rely on word-of-mouth
to carry the business forward. The web is a
whole new game, played on an entirely
different field and with different rules.
Internet marketing must be directed toward
a global consumer base and the advertising
must be designed to catch and hold the
consumer's attention in a nanosecond as
they are surf from site to site.
Instead of getting listed in the Yellow Pages,
you must get listed in all of the major search
engines.
Instead of placing ads in the local newspapers,
you need to place ads in ezines and on classified
sites.
Instead of neon signs and billboards, you need
banner ads on as many sites as possible.
And so on, I think you get the picture.
E-Commerce is faster paced than offline
businesses and it requires a marketing plan
that matches this pace. You have to learn
and adjust your marketing mindset to these
new rules.
Dysfunctional Web Sites
I define dysfunctional sites as any site with a
design flaw or chronic technical problem that
renders it either difficult or impossible for the
consumer to use.
For example: Last week I visited a site that
sells marketing software. I liked what I saw
and decided to purchase one of their
products, but I could not find their order
page. I clicked on link after link without
success. After several frustrating minutes,
I left the site without buying. How or why
anyone would make it so difficult for their
customers to make a purchase is beyond
me. Maybe they don't realize it so hard to
find. Could they have forgot to include one?
Whatever the reason, this is a major
design flaw.
Many design flaws are not as flagrant as
the previous example, but are still put offs
to potential customers. Like a site that is
difficult to navigate or has a color scheme
that gives the visitor headaches. Examine
your site carefully and see if you can spot
any of these flaws.
Technical dysfunctions such as excruciatingly
slow loading pages and sites that experience a
lot of downtime are a turn off to your potential
customers as well. Down time is the fault of
our web server and beyond your control, but
if the problem is chronic, you need to change
servers. Those slow loading pages can be
either your server's fault or they may be a
design problem. Find out which it is and
correct it. It hurts your business.
A Lack Of Commitment
Many online entrepreneurs don't give their
business ventures enough time to succeed. They
set up shop, toss out a couple of ads and if the
money doesn't start to roll in right away, they
discard it and move on to try the another venture
which will also fail if they make the same mistakes.
A business, online or offline, takes time to grow.
Sometimes, make that most of the time, you have
to make adjustments in your original business
plan. Don't be so quick to give up. Perseverance
is the "secret" to many success stories. And if
your business does fail, search out the reasons
and learn from them. But, never give up without
a fight.
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Bill Daugherty is editor and publisher of
the marketing and advertising ezine "E-Power
Marketing." Visit his site and subscribe at:
http://www.adsgalore.bizland.com
Visit Bill"s latest project at:
http://www.instantez.com
To contact Bill mailto:billepower.zzn.com
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