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Free Internet Marketing Methods That Will Save Your Internet Business
Best things in life are free, as many would say. This especially holds true with efforts in advertising one's products or services. With free Internet marketing services, one can save a lot. Instead of shelling out for the marketing aspect of your...
Google Adsense Profits Mixed In With Affiliate Marketing
Are you a webmaster who needs funds to keep your website
running? Or is your website the only way for you to earn income?
Whichever you are, for as long as you are a webmaster or a web
publisher and you need cash, affiliate marketing may work...
Insider Secrets to Internet Marketing
ÓCopyright, 2005
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"The trick to developing a product that is guaranteed to sell like crazy is to offer a solution to a problem. If you can save people time, money, or hassle, they'll be willing to pay for your solution!" - Corey Rudl
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Online Marketing Matrix
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It's so easy to fall into a 'labor of love' - painstakingly revamping our websites so that they look absolutely 'perfect' ... or pouring our heart and soul into creating the best product possible, one that's sure to draw rave reviews. The...
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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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