Archive for the ‘Business’ Category

Only a third of NZ businesses have a website

Monday, December 6th, 2010

According to the latest data from MYOB Business Monitor, only 34% of New Zealand businesses have a website and only a fifth of businesses sell products online.

In this TVNZ report, MYOB general manager Julian Smith told TVNZ that the results of the survey are both surprising and disappointing with the majority of Kiwi businesses missing the opportunities presented by the internet.
Despite the explosion in use of the internet and the rapid development of the online economy, Kiwi businesses are little more than scraping the surface of what will be the most important piece of business technology in this half of the new century,” he said.

Smith says even the local fish and chip shop does need a website as the key factor for any business owner is being found.

The way we shop today is very much just popping on to Google and tapping in a quick search. It’s really key for a business to think how they might use the internet to support them.

MYOB says a business can just use a directory listing online but the evidence shows that a good online presence is a strong driver of business growth.

According to the survey, 44% of businesses with a website have more sales or orders in the pipeline, compared to just 30% of businesses that don’t operate online.

New Zealand has also been slow to adopt more sophisticated online tools and trends, with only 14% of businesses using social media to support business aims.

The survey, however, showed a marked generation gap in the use of social media, with 22% of business owners under 40 using social media tools to promote their business, compared to 11% of those in the over-40 age range.

The survey also provided an insight into how Kiwi businesses are actually using the internet:

  • 12% writing blogs or online newsletters to promote their business,
  • 14% using social media,
  • 22% advertising online,
  • 29% monitoring competitors online,
  • 35% conducting online research and monitoring industry trends.

Smith says Kiwi businesses who are just starting to think about a website need to put it on their priority list.

Read the full story and watch the video at TVNZ.

Is e-commerce website the right choice for your business?

Thursday, June 17th, 2010

Have you been thinking about selling your products online?

E-Commerce websites have become largely popular over the time.  There are a number of significant benefits to having a website with shopping cart.

Benefits of an e-commerce website:

Your shop is always open

By having an e-commerce website, your store is effectively open 24/7.  You are able to sell products even when you sleep.  Many customers do their research online before making a purchasing decision and a lot of this happens during evening hours.  By giving your customers the opportunity to purchase your product there and then, you’ll have a huge advantage over your competitors who don’t have a website with shopping cart.

You can sell outside of your region

One of the biggest benefits of e-commerce website is that it will vastly expand your reach. It will enable you to sell your products outside of your region, potentially to the whole world. With physical products the main limiting factor could be the shipping cost. On the other hand if you have unique enough product, customers would gladly pay more for overseas shipping.  With digital (downloadable) products, there are no delivery charges so selling e-books, software, training manuals, videos or songs is a piece of cake.

Better SEO

Larger websites usually tend to perform better in search engines. It has been proven that Businesses who’s website has more than 300 indexed pages in Google generate over 200% more leads than businesses with fewer than 300 indexed pages. Because every product generates at least one page on a website and your product description contains your relevant keywords, e-commerce websites are easier to find, than just a small static websites.

Increased credibility

According to a research  by WebCredibility.org, offering e-commerce functionality on your web site means it will be perceived as more credible by internet surfers.

Better connection with your customers

Satisfied customers tend to come back. By having an option for purchasing online, people will have a reason to come back to your website and it will be easier for you to connect with your customers via email newsletters, product updates and social media.

Things to consider:

Ongoing maintenance and updates

One thing to consider before rushing to your favourite web developer are the cost associated with having an e-commerce website.   While the biggest cost is in building the actual website, there is some ongoing cost involved as well.

Apart from the web hosting (say $20 / month) and domain name registration ($40 / year), there are the credit card fees (usually 1.5% - 3.5% of a transaction) and secure SSL  certificate ($100 / year).   These are not big charges - all up it’s less than $35 / month, but the biggest investment in maintaining the website will be your time.

You’ll need to keep an eye on the website, process the incoming orders and update your products when the specifications change.  Your e-commerce website should make this easy for you by giving you an option to track stock levels, generate invoices and packing slips for processed orders and automatically notify customers of any changes to their order.

Packaging and Shipping charges

It should be easy for you to deliver your product to the customer across the country.  This is why e-commerce is great for anyone selling small size products.

While an online shop is ideal for selling books, electronics and home made soap, selling a hot tub or a buldozer would involve some hefty shipping charge.

Check with your local post or courier company on the average delivery fees to different regions.  You can also setup your shop to calculate delivery charge based on the final weight of the product so you don’t loose money on shipping.

So when does it make sense to sell products online?

If you have a product that you can easily deliver (either by post or digital download) then selling it online via e-commerce website is something worth considering.  Setting up a website with shopping cart doesn’t have to cost you arm and a leg and if it’s done right, you could easily get your return on investment back within the first six months. After that it’s all profit!

Research Shows Websites Influence 97% of Clients’ Purchasing Decisions

Friday, January 22nd, 2010
Influence of websites over purchase decisionYour website may very well be the most powerful marketing tool at your disposal.  Not only it is your point of contact on the web and the place for your clients and prospects to find out information, but your website also has a huge impact on your prospects’ purchase decision.  In fact a whopping 97% of the 200 surveyed buyers—from companies of all sizes—say a provider’s website has an influence on their ultimate purchase decision.
The survey was conducted by RainToday.com and included more than 200 buyers responsible for more than $1.7 billion in professional services purchased, such as accounting and financial consulting; architecture, engineering, and construction services; human resources consulting; IT consulting and services; legal services; management consulting; marketing, advertising, and public relations; and training services.

The influence of professional services websites on purchasing decisions has increased significantly over the past four years. According to the survey, 74% of buyers report the provider’s website holds at least “some influence” over their ultimate decision to buy services from the provider. This is 23 percentage points higher than in 2005 and represents a significant increase in the importance of websites.

It’s clear that having a good, well established website that delivers results is vital for professional services firms. With more and more of our daily activities conducted online, having a good website could be the key to success for many businesses.
With a well performing website you can:
  • Establish that you are professional: through professional design, writing, and arrangement of content.
  • Establish that you are worthy of consideration: through an overview of your services, your client list, biographies of your professionals, and case studies that show how your helped clients.
  • Establish yourself as an authority: through blog posts, publications, videos, and other resources to help build credibility, reliability, and trust.  All of these are essential elements necessary to win clients and increase your sales.

How important is your website to growing your business?

How to Start a Business Blog (free ebook)

Saturday, November 7th, 2009

A 12-step process for starting a business blog packed with vital and actionable information. Business Blog blogging business blogging Business-Marketing

How to Start a Business Blog

Social Media Revolution

Tuesday, October 6th, 2009

If you still think social media does not concern you or has no impact on your business, watch this video and think again.  The way we receive information and make decisions about where to spend our money is changing and social media plays a vital role in this change.  While it may take a while for this world-wide trend to have full impact in New Zealand, it is only a question of when will it happen.  The real question is: will you and your business be ready for change or will you be left behind?

B-to-B Marketing Fundamentals Don’t Change

Saturday, July 4th, 2009

It’s amazing how business to business fundamentals are the same now as they were fifty years ago. While the times change, businesses change, technologies change, the basics of B2B marketing don’t.  While we have new technologies and tools available, it’s still about relationships. This short, well acted gig clearly shows why having an online presence is now more important than ever.


YouTube - B2B marketing fundamentals don\’t change.