RSS

Supercharge your online sales

Article Date:  Apr 08 2009

The size of SMEs makes them well positioned to use new technology quickly and gain competitive advantage – if they know how. Here, Xenios Thrasyvoulou, CEO of website for freelancers PeoplePerHour.com, and SmallBusiness.co.uk provide some top tips on how to make a big impact on the net.

Sell online

E-commerce is no longer an application that is expensive to implement and demands thousands of pounds in agency fees. With payment systems like Paypal, Google Checkout and MoneyBookers in widespread use, e-commerce is essentially now a plug-and-play application you can do yourself or with the minimal cost of a freelance coder.

Social network

With the phenomenal spread of Facebook, MySpace and Twitter, you now have a massive target audience at no cost. The trick is to do it intelligently so it’s not perceived as spam. Create an audience in groups and forums and gradually build your credibility. Then – and only then – hit them with your message. Most people make the mistake of putting their brand out straightaway with limited or no impact.  

Use SEO

Many people still perceive search engine optimisation (SEO) as a black box and shy away from it completely. Equally, many companies make the mistake of wasting money on agencies that promise first page rankings but never deliver. So, it’s worth educating yourself a little about SEO, and you’ll soon realise that there’s no black magic. A good start is to simply type in the search terms relevant to your business and see who comes top. You can then use a plethora of free tools available on the web to analyse those sites. For example, Yahoo!’s ‘Site Explorer’ reveals how many sites link into them – itself a key determinant of SEO. And there are a myriad of others like SEOchat.com, which tells you the density of the relevant keywords on those pages. Those sites will also identify what other factors determine page ranking (there are dozens of them).

Create a user community

Allowing your customers to interact with one another online and share feedback can be the best way of developing a sense of ‘belonging to your brand’. A common mistake is to over-censor the community to avoid ‘negative publicity’. Often, if you let your customers complain about a perceived problem it’s the quickest and most effective way for the issue to go away. The chances are they’ll find someone else who’s encountered it that can guide them through a solution. In the meantime, you have a live and vibrant feedback system that will be invaluable to you in improving your product or service.

Open source applications

Web 2.0 brought us a plethora of open source and off-the-shelf applications for no cost – something never before accessible to this extent, especially to small businesses. Customising them to suit your purpose is also becoming simpler and cheaper by the day. For starters, if it’s open source you’ll be able to find myriad online resources, forums and communities to guide you through what you need to do. You’ll also find hundreds of coders who have worked with that technology before.

This story is from Growth Company Investor, the independent voice on fast-growing companies. Subscribe today for the latest AIM recommendations.

Comments  [1]

David Burdon
Wednesday 22nd April 2009

"e-commerce is essentially now a plug-and-play application you can do yourself or with the minimal cost of a freelance coder. " Err, I beg to differ. Even the plug and play stuff needs someone to manage it. Moving your business online is a reorientation. Not an adjunct to existing activities.

Report this comment »

Sign up and get...

  • Regular GrowthBusiness newsletters
  • Post comments on articles
Sign up

Research

  • What should an AIM company pay its CEO or FD?
    What should a non-executive director or chairman expect to be paid?
    What benchmarks should AIM remuneration committee members be using when
    setting pay?

VCT Special Report 2009

This reports principle aim is to provide business owners seeking funding with information about the amount of funds that VCTs have to invest.

Cash Shells Special Report 2009

A comprehensive overview of cash shells on AIM and PLUS, companies that have become a significant feature on the market landscape.

More

Events Calendar

The Media Magnate Awards 2009

26th March, Vinopolis, London

More

More News: Small-Cap Spotlight

Cape Lambert in £85m project sale

Aussie-based Cape Lambert Resources is selling its Lady Annie copper mine for A$135 million to Hong Kong-quoted China Sci-Tech.

Diamondcorp persists with funding

Gem miner Diamondcorp is hoping the strong recovery in rough diamond prices will facilitate its planned £5 million funding.

Cheap money dulls Brady

Lower returns on cash balances have flattened commodity trading software specialist Brady's annual pre-tax profits to £1 million.

Advertisement

Poll

Which currency will gain most this year?





Have your vote on current issues

People who read this also read

  • Botswana cheer for African Copper

    African Copper says latest metallurgical results imply its Dukwe project can be developed quicker and cheaper than previously thought.
  • ASBO threat to businesses

    A row has erupted over a statement from the Environment Agency that it wants to impose Anti-Social Behaviour Orders and even jail terms on businesses that break environmental laws.
  • Deal Headlines Monday 3rd

    In today's headlines Henry Schein has bought W&J Dunlop for undisclosed terms and Dawson Holdings acquires Marketing Communications for £6 million.
  • Petra in new gem deal

    Mining giant BHP Billiton has formed a joint venture with Petra Diamonds to develop the Luangue diamond project in Angola.
  • Diural bags £250,000

    Early-stage drug company Diural has secured more than £250,000 of co-investment from Finance Wales, Fusion IP and the Viking Fund.

White Papers

12 Key Points to Consider When Selecting a Network Scanning Solution

Discover the 12 key points your company should consider before you evaluate and select a vulnerability assessment solution.

1Z0-040 Oracle Database 10G New Features for Administrators Practice Exam

Oracle 9i administrators can certify on Oracle 10G by passing this exam. The ExamForce 1Z0-040 Oracle Database 10G New Features for Administrators practice exam provides their unique triple testing mode to instantly set a baseline of your knowledge and focus your study where you need it most.

2009 Employment Screening Practices Benchmarking Report

A Valuable Tool to Help You Assess the Strength and Potential of Your Screening Program.

More