Today's Online Consumer and What Makes Them Tick!

By Nancy LeVasseur

Today’s online consumers are in a class of their own. They have enthusiastically embraced the new-found power granted to them by virtue of the internet and the online shopping experiences that await them.

They are better informed, better equipped and have more shopping savvy than most of their shopaholic predecessors even five years ago.

This new consumer is both powerful and complicated. And those in sales and marketing have to determine the best way to intersect, entice, and capture their business. So, what makes them tick?

Customer Attributes: 5 to Keep in Mind

1. Who . . . is shopping online?

Online consumers today come from a variety of demographics such as age, life stage, gender, education, and income. They have varied interests, and they can be from all over the world.

And lest you think only adults shop on line, children also have purchasing power albeit using their parents’ credit cards. In their 6^th Annual Parents, Kids and Money Survey, T. Rowe Price reported that 60% of kids said they shop on line.

2. Why. . . are people using the Internet?

In addition to making a purchase, consumers may be searching the internet for fast help, answers to problems, product reviews or general information about a topic that interests them. Regardless of the “why,” all of these activities present opportunities for businesses to advertise and consumers to buy.

3. Where. . . do they shop?

Consumers have more retail location options than ever before. They are finding it more and more convenient to shop online when and where it works for them. Consumers can purchase over the phone if additional help is needed, or they can begin their buying journey from social sites.

While physical stores are still an option, many consumers are showcasing – the practice of viewing the product in the store and then shopping online for the best price.

 

4. When. . . do consumers shop?

In the course of a typical workday, consumers may shop at any given time using a variety of devices. This multi-screen behavior occurs over time and may involve looking for only one item like tickets to a show, finding a repairman, or purchasing a pair of shoes. 

5. What. . . device are people using to shop on line?

Most consumers today are engaging in multi-screening behavior; they may start browsing in the morning with their smartphones and may continue their search at work, or later that day at home on their tablet.

The complexity of their purchase can have a bearing on what device they use to complete their transaction. (desktop, tablet, or smartphone)

Summary

The challenge for businesses, and marketers in particular, is to keep all of these attributes in mind when developing a sales and marketing strategy.

Consumer expectations are at an all-time high, and only when businesses truly know and understand consumers' lifestyle and mindset will they be able to attract, engage, deliver and delight new customers.

Nancy LeVasseur

How Sharing What you Know Can Boost Your Business!

By Nancy LeVasseur

People use the internet to find information, learn and solve problems.

All the data you could ever ask for is now readily available on the web, and Internet users are becoming more and more focused on finding relevant information from experts willing to share their knowledge.  

This search-to-learn phenomenon has also carried over to our buying habits, and this is where your business’s internet marketing strategies come into play. Most companies are still entrenched in the traditional forms of marketing, and they have an “out of sight, out of mind” mentality when it comes to their website. Yes, they've listed their product online, but marketing their products stops there, and many businesses still expect their sales force to do the lion’s share of the selling.

The New Sales Reality 

For products requiring a large corporate investment, businesses today are researching online to find the best solution, and they’re vetting solution providers, like you, to find the best vendor to solve their need.

Business buyers do not contact sellers directly until they've completed more than half of the purchase process. While you’re waiting for a phone call from an interested party, they’re checking out your website (and your competitors’) to learn more about you and your product.

Businesses no longer need your input to make decisions; they’re learning online, on their own. As a vendor, you have just 12% of your customer’s total mind-share across the entire B2B purchase process. 

By the time they call you, or your competition, your prospective customers have researched the product’s specifications, descriptions, and reviews. They've formed an opinion and expectation before they've even spoken with you.

Adjust Your Strategy

It's not too late. Here's how you can change your online marketing approach to keep up with today’s consumers.

• Determine your buying persona. Don’t be afraid to be specific in defining your demographic. The most effective content is created for a highly targeted group of people. Those looking for your valuable information are willing to take the time to interact with your exceptional content! They are trying to become more informed; be the resource they need, and they’ll keep coming back to you.


• Provide content about solving their problems. Make it about them, not about your products or how wonderful you are to work with.


• Create content for every stage of the buying cycle. Visitors coming to your website the first time may need basic information. Return visitors will probably be ready for more in-depth material such as data or statistics. Create content for each phase to keep them coming back for more.


• Track interaction and engagement with your content. This information is critical for making adjustments to your content marketing strategies! If you have direct contact with your clients, don’t be shy about asking them how they found you. Their responses can provide invaluable information only gleaned through personal interaction.

Remember, educating is part of excellent customer service and client relations!

When someone provides information and solutions to our problems, we feel indebted to that person. And the more we learn from that person, the more trust and loyalty are developed. Increased trust and loyalty = increased sales conversions.

Are you creating online content to help your future customers?

The New Competitive Marketplace and What it Means for Your Business

By Nancy LeVasseur

Think you’re competing against your competitors’ product? Think again. You're competing against your competitors’ ability to market information about the product you both sell.

Part of competing effectively in the search experience means actively creating and providing information, (primarily through your website and social channels), that educates and helps solve your prospects’ problems.

You may have the best product in the industry, but if you don’t share what you know along with your expertise in your field, people who are actively looking for you may never find you. Instead, they’ll be on your competitors’ website getting the information they want and need.

The New Internet Consumer

Today’s consumers are better informed and more empowered than consumers were 10 years ago. They are using the internet to their fullest advantage to make informed decisions about the products they purchase.

The new Internet consumer, interested in your product, no longer has to call your sales team to get information. They go online to find the information they need. They read product descriptions and reviews, and if they don’t find what they’re looking for on your website, they could go to your competitors’ website.

For products with long sales cycles, the new internet consumer is more than half way through the research and vetting process before they call your sales team - if they decide to call your sales team.

The New Internet Marketing Approach

The new Internet marketing approach is called “Inbound Marketing.” Part of the inbound marketing strategy includes content marketing – providing unique, exceptional information about what you know to address your future clients’ needs and solve their problems.

Your content should. . .

• Be created and written with a specific client persona in mind. 
• Be empathetic and address the needs of your buying personas. 
• Grow in depth as the buying process evolves. The further along, the more detailed the content. 

The New Business Differentiator

You might think content marketing has nothing to do with your differentiator. But this blogger contends that it can be the starting point of what sets you apart from your competitors. Your content marketing differentiator should be your ability to:

• Anticipate your future clients’ needs and concerns before they even know what they are. 
• Provide solutions for your clients’ problems. 
• Know and share the latest industry news so your clients can be ahead of the industry curve. 

How can Inbound Marketing help you?

Increased qualified sales leads and client retention - that's how. Staying ahead of the curve with your industry’s latest changes and trends, and sharing that information online, is going to make you invaluable to your current clients. They’ll stick with you for the long haul because you are a trusted resource.

How's the end-user's experience when they visit your business's website? Are they getting the information they need, or are they going to your competitor’s website?