If you are selling products or services directly from your website, it is imperative to formulate a strategy around persuading visitors to become customers. Ignoring this simple concept will result in poor conversion rates, lost revenue opportunities and a complete failure in online marketing effectiveness.
What is a conversion rate?
A conversion rate is the percentage of consumers that perform a specific task while visiting a website. A task can include making a purchase, filling out a form, downloading a white paper, or any other action that a webmaster or marketer deems important. A 2006 study by Intermarket Online states that the average online conversion rate for consumer related products is 2.7%. Additionally, a Forrester Research study of 41 online merchants found that conversion rates typically varied from 1%-4%. Amazon boasts conversion rates of 6% to 8%.
Online Purchase Behavior
Any marketer knows that website traffic is essential for success; but persuading those visitors to perform a specific action is no easy task. Website traffic without goals, objectives and a specific strategy to persuade visitors to buy is just a wasted revenue opportunity.
It has been proven that when customers are shopping online, they go through a series of stages throughout what is called the buying cycle: want, need, and validation.
I WANT IT
The fact is that the majority of visitors to your website will never buy your product or service. And, unless your hire professionals and constantly optimize your shopping cart experience, you will never be able to boast a 6 to 10% conversion rate for your products or services, as Amazon does. Nonetheless, reinforcing the 'want' factor of the buying cycle will only help your online conversion rates; and possibly seize the attention of those who are just browsing your website.
Persuading a visitor to want your product can be done by using creative imagery throughout your website. The imagery can show the product being used by a celebrity, and really nice product shots can also compliment the web experience. Several big brand companies like T-Mobile, Lexus, and Calvin Klein follow this strategy. Having a celebrity (or any person) in the creative helps your web visitors relate more to your value proposition because it creates more of a personal experience.
A minimal amount of content coupled with the imagery is also good practice. The messaging should focus on the benefits of the product; and not necessarily just the features.
The basic reasons for wanting something can often be stated in very brief, yet powerful phrases: look sexy (Abercrombie), be creative (HP Printers), be a hero (Ford), safety (Volvo), etc. Longer, more descriptive statements address the 'need' factor of the buying cycle.
I NEED IT
Now that you have tapped into the 'want' emotion, it's time to focus on the creating the need. Obviously, your product or service must be able to satisfy a particular consumer need (more convenient, saves money, easy to use, etc.) from the beginning. Creating need may seem unethical to some, but this is exactly what "out of the box" marketing must do to tap into the need emotion. Popular author, Seth Godin, makes a similar point in his book, All Marketers Are Liars. He states that good marketing tells a story and reinforces the lies that consumers tell themselves everyday (i.e. I look so sexy in these Abercrombie jeans; more so than the ones at Gap).
Marketers need to be creative when positioning their product in the mind of the customer; especially if they want to transition their website visitor from the 'want' factor to the 'need factor'. Volvo has done an outstanding job of positioning their products as being the safest vehicles to drive; and every marketing communication reinforces that valuable message. Just recently however, Volkswagen has began trying to capture the same position with their "safe happens" advertising campaign. While those commercials are mind blowing indeed, they are a little too late to the game because Volvo already owns that position.
Even if your product is as ordinary as a Q-tip, it's important to position your product in your customer's mind; so that every time they swab the wax out of their ears, they think of your brand.
The more benefits you can demonstrate for a product, the more compelling will be the customer's 'need' for the product. Once you establish the need, your website strategy can move to stage three, validating the purchase decision.
VALIDATING THE PURCHASE
Validation is simply a psychological process of rationalizing an online purchase in order to alleviate buyer's remorse. It's imperative for marketers to provide specific, relevant messaging that will help push the customer completely through the shopping cart experience; or at least to the point of credit card capture. The messaging should reinforce specific product attributes, top specifications, lowest price; or anything that differentiates you from your competitors such as 24/7 Customer Service, 15-Day Money Back Guarantee, etc. Customer testimonials are also effective at increasing conversion rates.
Sales promotions are great for rationalizing. I hear it all the time from my wife, "honey, look at this purse that I bought on sale for only $99!" as though this in itself was a good reason for making the purchase in the first place.
- Related Articles
- Related Q&A
- Reprinting Articles: 10 Smart Strategies to Sidestep the Duplicate Content Debate
- Articles For Free Reprint, How Can They Help?
- Free Reprint Articles: the Secret to Increased Web Site Profits
- Five Steps Of Your Success In Using Article Marketing
- Article Marketing:-Articles To Drive Targeted Traffic To Your Blog
- How to Turn a Third Party Informational Article into a Power Marketing Tool
- Article Marketing: the Small Business Owner's Secret Weapon
- Using Article Marketing to Get More Website Traffic




Attraction Marketing Your MLM Secret Weapon - What You Should Know About Attraction Marketing
By: Sandra Essex | 14/11/2009Attraction Marketing is one of the surest ways to MLM financial success and to build your customer base and loyal following. Using Attraction Marketing is your best way to build your MLM business. It helps channel your energies (marketing efforts) on those who are genuinely interested in your products, while reducing...
There Is A Reason Why Cash Gifting Programs Are So Popular - Because They Work!
By: Dave Jales | 14/11/2009Cash gifting is the “in” thing lately. I'll bet if your looking at this article chances are you may have heard about the phenomena and are searching for an honest review on cash gifting. Fact is that cash gifting has never been as popular as it is now, and I can understand why. Hoardes of people are on the lookout for a reliable extra source of cash so it makes perfect sense. Cash gifting is an awesome way to generate real wealth for you and you family.
Attitude of Academic Librarians Towards Marketing of Library Services , a LITERATURE REVIEW
By: Mohammad AL-Bahrani | 14/11/2009Academic libraries today are facing great difficulties in the field of providing information as competition is more aggressive. Increasing use of electronic services is making the academic libraries less needed. These libraries are in desperate need for a powerful method to promote the use of their resources and services.The use of business methods in libraries is effected by attitude of librarians. This attitude of librarians can be a major obstacle in the face of marketing library services.
Print Custom Postcards While Saving on Postcard Printing Costs
By: Maiko Alberto | 14/11/2009Create your own designs rather than hire someone else to create the designs for you. Most online printing companies also offer programs that help you create your own postcard designs.
Tips for Using Professional Postcard Printing for In-Home Health Care Providers
By: Maiko Alberto | 14/11/2009For in-home health care providers, professionalism is an important in acquiring more business and keeping it. One way of accomplishing that is through postcards as an advertising tool.
5 Simple Tips on How to Print On Postcards
By: Maiko Alberto | 14/11/2009Choose an orientation for your postcard, whether portrait of landscape, and adjust the back design to match. Leave some margins for your back designs just in case it doesn’t print as exactly as the front designs do.
Affluent Marketing and the Internet
By: Mark Satterfield | 14/11/2009When marketing to the affluent on the internet, its beauty is also its curse. It can be summed up in one word-speed. The good news is that I can get to anyone’s website in the proverbial blink of an eye. The bad news is that I can leave in the same amount of time.
Affordable Poster Printing for Political Campaigns
By: Maiko Alberto | 14/11/2009Come election season, voters will become embroiled in all the issues that can make or break a politician’s term in office. How can politicians reach out to their constituents? Shaking hands and kissing babies may still work for some folk, but information dissemination is crucial to being elected into office.
10 Things To Know Before Having A Destination Wedding In The Cayman Islands
By: Michael Brito | 10/01/2007 | MarriageBelow are a few tips to help you plan accordingly for your destination wedding. I. Wedding Size Destination Weddings are the new & exciting trend for couples seeking a non-traditional way to exchange vows. Do you want the ceremony to be just for you and your fianc
Your Cayman Islands Wedding Spectacular
By: Michael Brito | 29/11/2006 | AutomotiveOne of the most spectacular island groups in the entire Caribbean region are the Cayman Islands, a cluster of three sun swept islands situated northwest of Jamaica and due south of Cuba.
Voip For Business: Uncovering Your Options
By: Michael Brito | 10/10/2006 | AdvertisingThe emergence of new technologies has benefited businesses tremendously.
The 6 C's of Marketing Unleashed
By: Michael Brito | 23/09/2006 | MarketingOkay, so we have all learned about the 4P's of marketing in undergrad: Product, Place, Price and Promotion. If not, you can open up one of your old marketing text books, blow off the dust and read about it there.
Practical Tips For Converting Visitors Into Customers
By: Michael Brito | 31/08/2006 | Affiliate ProgramsPersuasive Online Copy Writing Many websites today write their web site copy as if they are trying to address a stadium full of customers. The problem with this approach is that the message becomes diluted and confusing.
The Evolving Four P's Of Marketing
By: Michael Brito | 28/08/2006 | Affiliate ProgramsI'm sure you remember sitting in your marketing class in college when your instructor blurted something about the Four P's of Marketing. If you weren't paying attention or perhaps missed class that day, here is a quick review.
Here Comes The Bride: My, Isn't She Wide?
By: Michael Brito | 20/08/2006 | AutomotiveYou have seen the pictures and you have heard the behind the scenes comments made by others about the plump bride. "Such a lovely face, too bad she is so overweight." Or a remark such as, "How sad it is that at age 28 she is already this fat.