Reading the Signs of a Changing Economy

After writing my last post, I realized that there is a wealth of information that I can examine and share by looking at my experiences with small business owners. This post is the second, in a series of a yet undetermined number to come, regarding small business owners and the Internet. I call the series “Small Business Owner Web Phobia: Do you have it and can you get over it?”

I recently met with an owner of a rather large garage door company. During the entire conversation, he kept referring to the large amount of money he was spending on traditional advertising, yet he was not getting results. Frustrated, he listened as I explained how the economy is changing and people are moving more and more to the Internet to find the things they want and to research companies they might do business with. At the end of the meeting, he said he would consider my proposal and get back to me. Now, two months later, he has contacted me twice to tell me how busy he is and how he can not move forward yet, because he is spending so much money on traditional advertising and none of it is working.

As a website developer and Internet marketing consultant, one potential answer seems very obvious: develop a strong online presence. Yet, the business owner seems to almost miss this point entirely. He continues dumping money into traditional advertising with admitted poor results, yet hesitates to begin developing his online marketing effort, even after our initial meeting which seemed to impress him. There is something about the way this owner has conducted his business in the past that is getting in the way of him seeing a solution to his problems.

Traditional advertising, for a very long time, was the only game in town. Ten years ago the only options this owner had to promote his business were phonebooks, newspaper ads, and flyers. Yet, as we see paper directories fast becoming almost extinct as more and more consumers look to the Internet and “Google” everything, a change in the business owner’s way of thinking needs to happen.

Are you doing the same disservice to your business, perhaps without realizing it? Here’s a way to find out.

Take a good and long hard look at your business. Where are you spending money to grow or market your business that is not paying off? Do you even know for sure what DOES deliver a return on your investment? If you don’t know, why continue to invest in a mystery? It’s likely that you could invest 50% of your budget online and be sure of the results. Then you could use the remaining 50% in traditional advertising to support your online presence. Online is where searchers are looking; so isn’t it wise to be there?

The reality is that we are in an Internet economy. Everyday, more and more consumers look for products and services online. Many want to gather as much information as possible, even before they are willing to call or walk into a business. If you are not there when they go to the Internet, someone else is answering their questions and fulfilling their needs.

The bottom line: if you are not selling where your customers are buying, they are buying from someone else.

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One CommentLeave a comment

  1. good article


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