In this podcast Glenn and Tom talk about the Intuitive Website’s ROI Calculator found at this link: Website ROI Calculator. Listen in as Tom and Glenn use the ROI calculator to discuss Web budgets and how to maximize return from Web marketing.
Here is an outline of their discussion.
What is the ROI calculator and why is it important?
- A tool for determining ROI from lead generation and eCommerce Websites.
- Use it to develop projections, set budgets, monitor Web marketing spend and determine potential return from Web marketing efforts.
- Follow the instructions on the ROI Calculator Website page found on the link above.
How should the ROI calculator be used?
- First determine if you are looking for lead generation or to sell products online.
- Prorate one time charges monthly.
- Determine the timeframe for ROI calculations, usually monthly.
- Be ready with your monthly spend, include time estimates as well.
- Reset the calculation as needed to determine your budgets.
- Click on the question mark link for a definition of each field.
- The orange fields are calculated for the user.
- Press the blue button to get your ROI.
Key action items for the listener:
- Determine and set budgets for Web marketing.
- Understand the value of a sale in short and long-term.
- Understand et value of all Website conversion rates.
- Visit the ROI calculator and learn how to use it.
- Use ROI calculations to drive Web marketing.
This has been the Intuitive Websites Internet Marketing Podcast. For more information and to see all the available podcasts and much more, visit IntuitiveWebsites.com.
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The Intuitive Websites ROI Calculator [18:20m]:
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August 19th, 2010
Here are a few things to consider to be successful selling products on the Web.
First have a great product or service, good marketing strategy, strong brand and a fair budget or plenty of time for Web marketing, including development, design and driving traffic.
1. Start by getting inside the head of the Web Visitor
- Why do users buy your product?
- How do they use the product?
- What do they tell their friends and family about your product?
- Look at what they do, more than what they say.
- Help the Web visitor meet their needs on your eCommerce site.
2. Navigation and Search
- Starts with the user connection with and branding on the home page.
- Communicate that the site is easy to use.
- Use a clear tagline and product photos on the home page.
- Develop consistent navigation menus and overall search capabilities.
3. Product Presentation
- Simple and clear product presentations.
- Great photos with bullet point details and lots of back-up copy.
- Clear pricing, including shipping options.
- Easy to see “Buy Now” buttons.
- Multiple contact methods.
What about the actual buying experience?
This is where conversion rates and sales can really be improved.
- One click to BUY and send shopper to the shopping cart.
- Give the option of registration or purchase without registration.
- Don’t force the pre-selection of menu items prior to purchase.
- Keep shipping fair and free as much as possible.
- Follow the expected standards for Web eCommerce.
- Drive repeat visits to your Website and use email to spark a purchase.
- Many people research thoroughly and consider more options.
Key action items
- Set a thorough process for tracking stats and usability on your eCommerce site.
- Don’t copy another site because you like it, do what helps users and drives conversions
- Realize that an eCommerce Web store is always under construction and being improved upon and set-up systems to do that.
- When in doubt, make things more simple.
This has been the Intuitive Websites Internet Marketing Podcast. For more information and to see all the available podcasts and much more, visit IntuitiveWebsites.com.
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Standard Podcast [20:28m]:
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February 3rd, 2010