Internet marketing is the component of
Business website that deals with the planning, pricing, promotion, and distribution of your products and services online. Good Internet marketing strategies clearly communicate a firm’s unique selling proposition, or the unique collection of benefits that creates value for its customers.
Everything you do to promote your business online is Internet marketing. For example, Internet marketing strategies include (but are not limited to) website design and content, search engine optimization, directory submissions, reciprocal linking strategies, online advertising, and email marketing.
Three Steps to Success
Successful marketing on the Internet is not just about advertising your website in Google or buying banner ads on other websites. Without a quality product or service and a well developed website, a banner ad, for example, would do you little good. To succeed online, you must develop a comprehensive plan that includes the following:
1. A solid business model and great products or services
2. An effectively designed website with sales as an objective
3. An online marketing strategy that suits your audience and fits your budget
Describe Your Business.
This provides background information on your company. Key questions include how and why was the organization started?; who are the players on your management team?; what products and services do you provide?; and what solutions, benefits and features do you offer?
Identify Your Buyers.
Who are they? What activities do they do online? Identifying your audience and their needs enables you to determine how best you can reach them online, thereby getting the most for your marketing dollar.
Market Research.
This analyzes the industry in which are Questions include: how large is your industry your industry growing or contracting and leading competitors in your industry?
Prepare Your Budget.
How much should you spend and, more importantly, how much do you have to spend? The amount you budget towards Internet marketing will depend on how integral the Internet is to your business success. Prioritize your needs based on your budget, projecting into the future and growing your plan as your revenues grow.