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This article was originally published in The South Florida Business
Journal, August 27, 1999.
We all read about
Internet start-ups that invest huge sums of money to build a web-based business
with no sign of profits for years to come. These stories are interesting,
particularly since many of the entrepreneurs have been handsomely rewarded with
high market valuations. But the truth is
that the average business needs to generate a return from its web site
investment as quickly as possible. What are the success factors you should use
to measure your firm's web performance? Many of them are actually similar to
traditional business success measurements. Here's a
checklist of suggestions with varying degrees of difficulty designed to help you
generate a greater return from your web site. By implementing some of these
ideas you will be able to better measure how well your site is contributing to
new business growth. Market your
Site Relentlessly Maintain a
current site registration with all the search engines. You can use an
inexpensive, all-purpose service like Web Site Garage at
http://websitegarage.netscape.com
to promote and maintain your site. Provide your web
designer with the key words you want the web crawlers to see when they visit
your site. These terms belong in the HTML meta tags on your site's home page.
Also make sure your site provides a descriptive site name in the title. Update your site
regularly. Services like www.alexa.com
rate sites on timeliness and other factors. A site that is not actively
maintained will cause visitors to wonder if the information is current. Establish an
Online Community Use your web site
to build closer relationships with visitors, prospects and clients. Offer an
online registration form, if you don't have one already, to build a web visitor
database. At a minimum you will want to capture email addresses for future
correspondence. Once you start to build this customer data, use it strategically
to stay in regular contact with your web prospects. Consider
E-Commerce It's fairly easy
to offer sales of non-tangible services, according to Lois Messner, Vice
President at Fort Lauderdale based Internet Billing, Ltd.
(www.ibill.com).
A service like ibill can help you get started with minimal up-front fees. "Hire the
experts and give them the authority to get the job done if you plan to implement
a large-scale e-commerce site" advises Keith Butler, Vice President of
Office Depot Online. Recruit New
Employees Create a Jobs
page on your site that lists open positions. If you can hire even one high tech
professional through your site you can save thousands of dollars on recruiting
fees. Give Customers
Response Tools Make it easy for
customers to communicate with you via your web site. Office Depot
(www.officedepot.com)
and Federal Express (www.fedex.com)
offer good examples of customer service features on their sites. "Your site
should provide customers with all the knowledge of your best sales rep,"
according to Butler. Highlight your
Site in all Marketing Programs Prominently
display your web site address on all corporate literature. Encourage direct mail
recipients to visit your site as a way of responding to a special offer. Exchange banner
ads with your partners, customers and vendors to draw qualified traffic to your
site at no cost. Keep an eye on
your competition with a service like http://mindit.netmind.com.
And don't just monitor the activities of traditional competitors. Watch for
start-ups and analyze their business model. Measure your
Results The bottom line
is to measure results from each of these activities. Calculate the lifetime
value of new customers gained from your site. Determine how much you save by
hiring through the web. Quantify the benefit of Internet-based Sales and
Marketing programs. Taken together, you can start to benchmark the return your
web site is generating for your firm. |