Posts Tagged ‘Electronic Purchasing’

Shopping Carts In A Challenging Economy

Saturday, September 19th, 2009

In a very short period of time we have seen some interesting changes associated with the internet. When it comes to attracting adult attention the internet sits solidly in the number 2 place behind television. Another demographic change is that adults 55 years of age and over now makeup almost one third of all internet users. This means that today, more then ever before, there is more buying power and prospects available to people wanting to buy and sell over the internet with the different e-commerce or shopping cart solutions now available. Other external factors driving on-line shopping include things such as the recent gas price increases and the move to more environmentally conscious green solutions. One more buying shift will be the change from higher income level families being more likely to purchase over the internet. Because of ease of access, a green consciousness and the cost of getting around more and more people from lower income levels will turn to the internet as well.

Any company that is able too but is not doing business over the internet is putting themselves at an extreme disadvantage. Consider the following. According to statistics recently released by eMarketer the US is expected to see their on-line shopping grow at 65% from 2008 to 2013.To put it in a more meaningful way, revenues will go from $113B to $203B US. Hard on its heels Canadians will also see very strong on-line shopping growth. Their growth is anticipated to grow from $13.8B in 2007 to $22.8B by 2012. Therefore, any business not engaged in a shopping cart solution has certainly not missed the boat and they can learn a lot from others as they climb on board.

Its difficult at best for anyone who reads a paper or watches or listens to the news to not be feeling down about the current economic reality. As with everything else in life however we can choose to be negative or we can search for the opportunity. And there is plenty of opportunity when we look at the internet. We know that by typing www we have almost instant worldwide fame or infamy. Its easy to get a message or advertisement out to virtually anyone who has an interest in it. When we overlay Shopping Cart technology it becomes even more powerful. Many of us would like to do more for our families and for ourselves but the economic circumstances for many is this is just not possible given what we are bringing home. Internet and e-commerce mean the possibility of multiple income streams are becoming a new option for many. If you have an idea or product and the interest to make them a reality you can also leverage a second or even third income. And the availability of many excellent Affiliate Programs means you don’t even have to have an idea or product right now. You can use someone else’s product or service and represent it while you learn the e-commerce game and work on your own idea.

One of the impacts of the internet is a shift away from traditional paper based advertising methods to the internet. The associated higher costs associated with paper based advertising and the sharp eye on cost containment by financially weakened businesses is accelerating this trend. Other Social Advertising media such as Face Book, U-tube, Twitter and more are also available and their low or no cost access ads to the digital draw. Here’s why. Despite what we hear on the news about the economy we can loose sight of the fact that it is not bad everywhere. Look hard enough and you will find a bright spot, areas that continue to thrive; areas were people are still buying. The internet’s world wide reach means you can always gain access to that market. And as these markets of opportunity change and shift with new realities your internet and e-commerce presence means you will always be there for them when they decide to look for your product or service.

Regardless of any economy there are always people wanting to buy today and people looking to gather information to purchase later. If your product and website are convincing enough and your e-commerce solution easy to use then you will get the now buyer. But the shoppers need to be convinced. Therefore, any good shopping cart will have a capability to stay in touch with the shopper. The wise internet seller can source other technologies that can work with their shopping cart and e-commerce programs to deliver on-going campaigns keeping your prospects up to date and interested in your products and services. This means they don’t have to constantly surf your site to see when a sale or other special is on. For an example of a company with an excellent marketing campaign technology check out www.AutomatedMarketingSolutions.com. The social networks such as Face Book, U-tube and Twitter are also excellent ways to build rapport and credibility with future buyers so that when it does come time to buy, your name and product are at the top of their mind. These media provide excellent ways of measuring the reception of your products and services and gauging the readiness of the public for an idea you may have. Therefore, don’t limit yourself in how you reach out to your current and future prospects and customers.

Given the impressions we all may have about larger companies we can still learn much. For example a report released in February 2009 discussed the top 10 priorities CMO or Chief Marketing Officers in America were considering as their top 10 priorities for this year. Number 2 on this list was the need to develop marketing programs that integrate both the internet and their traditional media. Doing this provides advertising cost cutting and reduces other overheads. These same advantages accrue to the small to medium business as well as the entrepreneurs working out of their home. The simplicity with which an on-line enterprise to advertise, buy and sell over the internet can be set up brings it within reach of more and more of us looking for that second income. What will differentiate us and our success will be how effective we are in using these tools to attract, convert and retain.

Invest in yourself by implementing your E Commerce Internet Shopping Technology today! A E CommerceProfessional EBusiness solution can be simply and quickly implemented

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