Monday, October 6, 2008

Internet Marketing - 7 Critical Steps of the Buying Process

By Gary Blune

When you understand your visitors, the problems they have, and how they want to solve them, you are on your way to having a successful marketing plan for an online business. But even more important is understanding the steps your prospects go through before they actually buy from you. After all, it's the money from the sales that we are all seeking.

The method I am about to discuss with you covers everything from the intial stages of your visitor's thoughts all the way through the final checkout. It makes sure you know how to create a seamless buying process for your future customers.

Step 1: Recognizing what your prospects want.

The buying process always starts with the realization of a specific need or want of your prospects. Whether they have a problem and need a solution or it's just some want, your customer will need to see a personal benefit before they are interested in your offer.

With all the many choices and other sites they have online today, they are in total control of what they want to buy and who they are going to buy it from.

As an online merchant, you need to create this desire for your prospects in a way can relate to it. This will get them interested in getting more information about your offer and building a long-term relationship with you.

Step #2: Researching the Product

A potential customer is now searching to see what products are out there to fulfill their need and who's offering them.

They are looking for product features, pricing, and other options so they can match it to their needs.

It would be best at this time to talk about what your product does and ask your prospects questions so you can direct them towards the right product for their problem.

Step 3: Refining and Evaluating.

Once a prospect gathers enough information, they then begin to narrow down their choices by weeding out the options that won't work the best for them. They will examine the features and the businesses to make sure they know what they are buying and who they are getting it from.

It might be a good idea to offer a bonus or incentive for buying the product from you. You can assure the customer that your company will provide them with great support if they even need any help. Any doubts or lack of trust at this point can often turn your visitor away and they might go elsewhere.

Step 4: Reaching Out.

This is the newest of the steps introduced to the buying process. As easy as it is for people to interact with each other, your prospects are surfing the net, taking full advantage of this new option.

They are going online and asking the opinions of others regarding their experience with a certain product, service or business before they ever make any purchase. The better reputation your product or company has out there, the more at ease your future customer will be.

It has been recorded that more than 80% of people who are reading products reviews believe them over your own sales copy. This will either secure your sale or eliminate it so make sure your company has a good reputation.

Step 5: Resolution.

The prospect has narrowed their choice down to a specific product or service and decides what they are going to buy and who they are going to buy from. This doesn't mean the deal is sealed though.

The customer has almost reached their final decision but still needs to feel confident about the security of their purchase. Place logos on your purchase page that give you credibility and let the buyer know that his or her transaction is secure on your website. This can often increase sales and help retain customers longer.

Step 6: Purchase - The Order is Finished Now Deliver the Goods

After reseraching all their options, your prospect has now decided to choose your company for their business. They are no longer a prospect; they are your own personal customer now which is every entrepreneur's favorite person.

To show your appreciation, the next page should be a "Thank You" page. Also, it is a good idea to send them an personal email confirmation for their order, thanking them again, and reassuring them of all the awesome benefits they're about to receive as well as the support you offer.

Step 7: Reconsider - Did I Really Make the Right Decision?

This is the time for every company's worse enemy which is buyer's remorse. It's when all the questions and doubts begin to hit your customer. But all they really need is a little reassurance that they actually can get their money back if needed and that you will be there for good customer support.

This is the time to show your customer that you really believe in your product by reviewing the benefits and offering a money-back guarantee. You need to reassure them of your comittment. They see it as a positive; if you're willing to risk the sale, then the product must be worth it. You can reassure them that you are there to help should any questions or concerns arise.

Be sure to review each step thoroughly so your visitor's buying process is very easy for them. Make it enjoyable and they will return again and again!

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