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7 Ways To Get More Repeat Traffic To Your Site
1. Make all or part of your site into a valuable directory. Set up different sections of your site for people to submit their ezines, articles, ebooks or affiliate programs to such as marketing, writing, publishing, etc. Your directory will...
Offline Promotion: 45 Places Your URL Should Be Seen or Heard
1. Answering Machine 2. Address labels 3. Billboards 4. Brochures 5. Business Cards 6. Catalogs 7. CD ROM Presentations 8. Christmas Cards 9. Classifieds 10. Company/Personal Cars 11. Coupons 12. Co-Workers 13. Checks 14. Envelopes 15. Existing...
The Art Of Writing Powerful Classified Ads
One powerful little classified ad can make you a fortune! It will sell your product or service for months, even years, to come in any advertising venue you choose. On the other hand, a weak ad won't produce enough income to justify the time it...
What is the Quantum Connection? Description
Quantum Connections Quantum Connections is the ezine of A Quantum Reach, where we are putting the heart in health care, one person at a time. We believe it’s time to gain control over OUR personal health and OUR health care system. Wherever you...
Where and how to get information for your newsletter and ezines.
Where and how to get information for your newsletter and ezines.
With the rapid expansion and diversion of commerce, manufacturers, career seekers and even hobbyist move into more and more specialized areas of endeavor, there is an increase...
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Demand and Supply and Marketing
Supply and Demand and Marketing Darrin F. Coe, MA 11/30/04
According to Dough McCormick, Chariman and CEO of iVillage, Inc, “Technologists focus on supply but they don’t understand advertising is focused on demand. Just because we have an available ad doesn’t mean we have to sell it.”
What in the world does that mean? It means not every product online is going to sell. Online retailers and marketers are not going to succeed just because they are online. Marketing is about understanding the demand of the consumer and meeting it or creating demand for a product.
This means online business people must take the time to understand the consumer. They need to develop an understanding of the consumer’s thinking, motivation, and needs. Just because you develop a website and slap up some product graphics and have a checkout process using paypal does not mean you’ll be selling and rolling in money.
Is there a demand for your product or service? If there is how does your product or service fulfill that demand? If there is not a demand can one be created through advertising and marketing? For some products or services you’ll not be able to create demand and people won’t buy simply because you provide a supply.
So what’s the practical application of focusing on demand instead of supply?
1. Take the
time to research your demographics 2. Consider streamlining your websites to include interactive elements that help develop an understanding of what your visitor desires. 3. You may need to develop a different marketing campaign based on whether there is a strong demand or weak demand for what you are offering. 4. Demand can be created via a long term process of education/awareness, then branding, then interest, then trial, then demand. 5. In a demand mindset you’ll need to be more strategic, combining a campaign of both rational information with desire oriented emotionalness
Remember, just because you supply it does not mean there is a demand for it. Take the time to study your idealized market and idealized customer profile then search them out to ascertain what their demand level is for your product or service. This will help you develop your marketing strategy. Be prepared for a long-term commitment.
About the Author
Darrin F. Coe, MA holds a master’s degree in psychology and operates “The Center For Understanding Consumer Thinking”. He is the author of the special report, “The Internet Consumer Exposed” available at http://dcoe1.tripod.com/exposed1 visit The Center at http://dcoe1.tripod.com and subscribe to the Darrin Coe Ezine for more marketing and consumer information.
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