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Cost Of Customer Acquisition

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Getting traffic to your website is just one part of your marketing effort. Once your visitors arrive there, you must still convert them to buyers, or you've just wasted your advertising dollars. In order to recognize how you can improve your conversion rates, you have to figure out why the unresponsive segment of your visitors aren't purchasing. That's where testing and tracking come in ? they identify areas needing improvement and reveal which ?improvements? actually produce a better response.



You Can't Test What You Can't See?

Tracking is the beginning, according to successful internet marketer David Bullock, of http://DavidBullock.com. ?Tracking means observing what's happening on your site,? explains Bullock. ?You're looking at how many people are hitting particular pages, how long they're staying, where they're leaving, and so on.? Tracking basically shows you where your marketing dollars are paying off, and where you need to begin making changes.

A Difference You Can Spend

Testing is the process of implementing those changes and analyzing the results. There are several different kinds of testing you can use:

? Split testing involves comparing one element of your site versus another, against a stream of traffic. For example, you might create two identical PPC ads, each leading to a particular landing page on your web site, but with one page slightly different than the other. You can use this approach to test sales copy, headings, images, placement, even pricing ? anything you can see on a page can be tested.

? Multivariate testing involves comparing multiple items and combinations of items. You're looking to see how consumers will respond to a particular page rendered in a particular way.

? The Taguchi method of testing is a complex, but highly accurate form of multivariate testing. It involves using 18 different landing pages, or creative elements, to simulate 4,000 different tests. The background math tells you, not only which combination works best, but also which elements on the page are most influential, so you know where to concentrate your efforts.

However, it's important to understand that testing is not a magic bullet ? to get the best results, you must input good content and design to start with.

In the last few years, tracking and testing have gone from being limited in scope and cost-prohibitive to being thorough, accurate, and readily accessible. Google Analytics has made Urchin software available for free, and numerous tools like ClickTracks, Optimos, and Vertster are capable of giving your eBiz a new level of transparency. This is great news for your online business ? you can now see exactly how different creatives are impacting your profits.

Putting Your Knowledge to Good Use

The effectiveness of testing has been proven in every area of eBiz ? from web design to SEO and PPC efforts to page sequencing. It allows you to break down the sales process and pinpoint how customers are reacting to the individual elements. You can even test how traffic arriving from one marketing channel behaves versus traffic from another channel, so you can optimize your landing pages for your individual marketing campaigns.

However, as Bullock cautions, all that potential does you no good if you don't put it to use. The first step to improving your conversion rates and profitability is to get some sort of tracking mechanism on your web site. Once you understand how people are moving through your site, you can begin to see areas where you can improve and start testing. Advises Bullock, ?Let your customers tell you what they want to see ? the results will pay for themselves.?
Cost Of Customer Acquisition
As true for everything, getting new customers requires you to develop a strategy. You must plan in advance the invest required and outcome desired.

You must use a system that would provide you most out of your business within the area you operate in. Here are the tested and proved top eight methods to get new customers. There is so much ad space available now that you can exhaust all your budget on buying advertisements. You can buy PPC ads, newsletter ads, website spaces and so on. Advertisements are great way of getting new leads and customers.

Purchase Leads

There are many places you can get reliable prospect list. These include trade groups, professional organizations, alumni associations, Your business alliances or list brokers.

While this method is quite effective in sectors like banking, finance, insurance, telecoms and many likes, the list buying activity for online business is not that fruitful. However if you choose to utilize this method, carefully select the sources from which you buy your leads.

Build Reputation and Recognition

Customers come to a credible businessperson like moths come to light. Yes! The game is in the name. You must do the activities that build a name for you and your business. The key is to create pull demand by building credibility and recognition. There are many such activities that you can do like writing articles, writing e-books, speaking at conferences, conducting and publishing surveys.

Create Alliances

More popularly it is known as joint ventures. Joint ventures are mutually win situations when two business professionals who complement each other come together to their contacts.

Buy Ads Online

There is so much ad space available now that you can exhaust all your budget on buying advertisements. You can buy PPC ads, newsletter ads, website spaces and so on. Advertisements are great way of getting new leads and customers.

Offline Ads

Your local paper can be a great place to make your offers. You can also look for the wanted columns which can serve as channel to find new prospects. There are many other offline places to advertise your product or service. These are magazines, cinema ads, conference halls etc. you can think of place with gathering and you have a potential place to advertise.

Shake Inactive Customers

These the people who haven't bought anything for a while or are infrequent buyers. You can focus your marketing energy on them as you would do for new customers.

Network

Networking provides you with potential alliances, prospects and people who can influence others for you. There are many online and offline methods that you can use to network and create effective chain.

Create A Buzz

With Web 2.0 around, this has become very easy. You can easily create a buzz with social marketing sites and get a new leash of customers to your site.
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About Author
Both Chris Malta & Robin Cowie & Wazir Singh are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Chris Malta & Robin Cowie has sinced written about articles on various topics from Computers and The Internet, Free Credit Report Score and Computers and The Internet. Product Sourcing Radio is Created and Hosted by Chris Malta and Robin Cowie of , Home of OneSource: The Internet's Largest Source of Genuine, Facto. Chris Malta & Robin Cowie's top article generates over 74000 views. to your Favourites.

Wazir Singh has sinced written about articles on various topics from Internet Marketing, Computers and The Internet and Finances. For more useful tips & hints, please browse for more information at our website:-
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