The Internet is a really powerful entity and can help you get a solid footing with the other competitive companies. However, these companies might have enough capital to invest in order to pay for advertising. This might make you lag behind in this race of Internet marketing.
That said, this whole strategy can actually prove to be beneficial for you on an overall scale. Read on to find out the various advantages as well as disadvantages you can expect from this venture.
- Your website is your online store. In the Internet market, you can stay open your website for 24X7. Your customers are spread all over the world and can make purchases as and when they want.
- You save a lot of capital. The cost spent in spreading your message is almost nothing. If you email your subscription base, it will be cheaper as compared to sending a letter through the physical mail.
- You can update your subscribers almost instantly. All you have to do is send an email and your work will be done. On every visit, your visitors will get updated with every new detail. If you are planning to start a sale, your customers will be able to start shopping as soon as they check their mail.
- Businesses that use sensitive information like law firms, online magazines, newspapers, etc have an added advantage. You can deliver products to your customers without using any intermediate courier service.
- Consumers are able to quickly compare products in the terms of price, quality, shipping, and so on before making their final choice.
- Consumers are general enjoy as they having lot off choices before they decide whether to buy or what price they are willing to pay for a goods.
- Internet marketing is not free. You will have to spend on hardware, software, designing your website and maintaining it, distribution costs and time. All these things have to be considered while providing your products and services.
- Many people prefer live interaction while conducting transactions. A small business with a single location will not succeed in compelling customers to make purchases.
- Timely updating your website is important at all costs. It is really very easy to leave content unattended to, thereby resulting in outdated information.
- Your customers should know that you provide complete security. Many of them are hesitant when it comes to online purchases. Credit card frauds and other malpractices often deter customers from conducting online businesses
- There is a lot of competition in the online market. Unless you can provide what your customers need within a few clicks, they will surely gone away.
Internet marketing offers so many benefits if its done properly and helpful for you to connect with a broader customer base.