Research result by emarketer revealed that internet users worldwide has made at least 1 purchase online within the past month. According to Jeffrey Grau, senior analyst at eMarketer:

An emerging middle class and alternative online payment options are spurring online buying in large developing e-commerce economies like China and India.

If this means the internet commerce industry will continue to grow rapidly in 2008 worldwide, then you better join the bandwagon & grab the opportunities. If you can’t smell this opportunities, then you can stay on your traditional business and keep wondering what made your sales going down. Ouch.

[youtube width="425" height="355"]http://www.youtube.com/watch?v=5-HZOeu-4L4[/youtube]

One of the luxuries of being in a low-cost business or in having access to capital is that you can scale quickly. You can go from one salesperson to a hundred, one store to twenty, no franchises to a thousand.

In our rush to scale, sometimes we forget something essential: if it doesn’t work when you’ve got one, it’s extremely unlikely to work when you have dozens.

If a political candidate can’t sway the audience with one speech, how will doing the speech across the district do anything but waste time?

If a direct mail letter doesn’t work when you mail it to a hundred people, it won’t work any better when you mail it to a thousand.

All a roundabout way of saying that obsessing about that tiny moment when someone decides to buy pays big dividends. Rejiggering or even overhauling a single example of what you do is almost always a better way to spend your time than in trying to double the number of places you do what you do.

If you love this article, please paste this to your browser and go for more Seth’s thoughts http://sethgodin.typepad.com/

[youtube width="425" height="355"]http://www.youtube.com/watch?v=xBIVlM435Zg[/youtube]

Everything You Need To Know About Word of Mouth Marketing

by Andy Sernovitz

www.wordofmouthbook.com

Okay. Here’s the quick version. Everything you wanted to know about word of mouth marketing but were afraid to ask. It all comes down to this:

Happy customers are your best advertisers.
If people like you and like what you do, they will tell their friends.

Word of Mouth Marketing is a) giving people a reason to talk about you and b) making it easier for the conversation to take place.

It’s C to C Marketing—when a consumer tells a consumer about you. Actually, it’s B to C to C. When it comes out of the mouth of a marketer, it’s marketing. When a real person repeats it, it’s word of mouth.

It’s more than just marketing—it’s also product design and customer service. People talk about fantastic stuff and great treatment from companies they like.

Rule #1: Be Interesting

Nobody talks about boring companies, boring products, boring ads. Everyone can be interesting. Before you run an ad, before you launch a product, ask your spouse about it. Trust me…if he or she finds it interesting, you’ve got a winner.

Rule #2: Make People Happy

Create amazing products. Provide excellent service. Go the extra mile. Make sure the work you do gets people energized, excited, and eager to tell a friend.

Rule #3: Earn Trust And Respect

Nobody talks about a company that they don’t trust or don’t like. Earn the respect of your customers. Be good to them. Talk to them. Honor their intelligence. Fulfill their needs. Stay honest. Every company can be nicer, and every one of us can work to make our company a little better to its customers.

Rule #4: Make It Easy

Find a simple topic that is easy to repeat. Not your formal brand statement, not your product description. Forget elevator pitch…it’s the pass-in-the-hall test. What can people tell a friend about you in one sentence?

Then do everything you can to make it easy to share that topic. Use tell-a-friend forms on your web site. Put it in an email. Pass out flyers. Blog it. Stick it on a t-shirt.

Reason #1: You. They Like You and Your Stuff.

They like you. They feel a connection to your company, they respect what you do, and they want to su
pport you. So they bring their friends. People feel driven to share things they like with their friends, so their friends can enjoy them too. Create great products and services that inspire them. (Think about TiVo, the best album ever, the best cookie you ever ate, or the spot remover that actually works.)

Be likeable. Make great stuff. Provide great service.

Reason #2: Them. Talking Makes Them Feel Good

People talk because it makes them feel special, smart, connected, in the know, and important. (Think about the restaurant guy, the what’s-on-sale maven, the computer guru.) People also feel good when they can help others find what they need or solve problems. (Think about the guy who always knows which contractor to call or which car to buy.)

Provide reasons to talk that make your talkers feel smart and special.

Reason #3: Us. They Feel Connected to the Group

Talking about a company and being passionate about it makes us feel like part of a family. We talk about it because it makes us feel included on the team. (Think about Harley owners, Apple junkies, sports fans, and anyone who loves a great band.)

Rally the team. Give them shirts, private discussion groups, special events, and public recognition.

Talkers: Find The People Who Like To Talk

Are they your customers? Neighborhood moms? Doctors? Bloggers? Think about the people who are most likely to tell a friend about what you are doing. Make sure they know about your new topic of conversation.

Topics: Give Them a Reason to Talk

Give people a reason to talk about you. It doesn’t need to be fancy. A special sale, good service, a neat new feature, a better flavor, a funny package. (Remember the Gateway computers that came in cow-patterned boxes?)

Tools: Help the Message Spread Faster and Farther

Do everything you can to make it easy for talkers to pass along your topic. Include postcards and stickers in the box when you ship a package. Put up a chat room so people can talk to each other. Join a blog conversation. Hand out samples. (Did you ever get one of those emails with a “secret” coupon that was supposedly for employees only? Did you forward it?)

Taking Part: Join The Conversation

Conversations die out when there’s only one person talking. When people are talking about you, answer them. Reply to their email. Comment on blogs that write about you. Send a lot of thank-you notes.

Tracking: Measure and Understand What People are Saying

The word of mouth conversation is the best feedback you’re ever going to get. It’s far better than any other kind of market research, because it is the authentic voice of the consumer. Hear what people are saying, learn from it, and use it to be a better company.

1. Ask yourself why anyone would talk about your stuff.

<
p class="MsoNormal" style="text-indent:-18pt;line-height:normal;text-align:left;margin:0 0 0.0001pt 39.6pt;">2. Do something worth talking about.

3. Search the blogs to find out who is talking about you.

4. Join the conversation.