Typically, a surgeon can afford to buy an expensive
car. However, that surgeon’s time is limited; he or she cannot afford
to devote hours to looking for the vehicle with the most desirable
features. Hence, that professional may choose to pay someone to shop
for the vehicle that is needed.
That example is meant to highlight
the two values that are greatly-prized by most shoppers. One is money
and the other is time. Any business that can help a customer to save
money or time is sure to attract the interest of consumers.
The Internet has provided businesses
with a fantastic means for offsetting the loss of one value by adding
more of the other. For instance, once a product has been requested, an
online shopper must wait a day or two for its arrival. In other words,
that product cannot be used right after it has been paid-for. Still,
that fact can be offset by a company’s readiness to offer free shipping.
When the shipped good can be guaranteed to arrive undamaged, then the
customer’s necessary wait-time becomes even more tolerable.
The Internet also makes it easier
for any business to publicize its readiness to acknowledge shoppers’
desire for more time, whenever a discount has been advertised.
Sometimes, a site-owner will note that only a few customers have chosen
to take advantage of an advertised discount. In that instance, it has
become obvious that the discounted item should be made available at the
lower price for several more days or weeks.
That same rule can apply to
utilization of a marketing scheme, such as the holding of a contest. A
contest is meant to draw the attention of more possible shoppers. If
only a few contestants have vied for a prize during the initial period
of that contest, then that time-period can be extended. This can all be
done quite easily, when the notification of that extension can be
posted on one of more of a site’s web pages.
Businesses-owners value the days and hours that
must be devoted to a given marketing trick just as much as their
profits. Shoppers seek savings in terms of both money spent and hours
used searching for a given item. Hence, any discount or contest must be
organized in a manner that acknowledges the valuable nature of both
cash and time-savings.
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