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Reversing the Risk of Online Transactions
Permalink: http://daily.mequoda.com/i//internet_marketing_strategy/reversing-the-risk-of-online-transactions_651-1.html
An effective Internet marketing strategy means anticipating customer hesitations and removing obstaclesEffective Internet marketing requires attention to detail. Landing page optimization requires a solid knowledge of website architecture, web page design, online copywriting and direct response testing. A deficit in any one of these areas can doom your Internet marketing efforts to mediocrity at best. Among other weaknesses, we frequently see online sales letters that fail to address user anxiety about the safety of the proposed transaction. What's the big promise of your information product or service? Will it make the consumer healthier, sexier, more attractive, wealthier, smarter or more secure? How specific is your promise? For instance, does it guarantee the consumer will double his income with your prescient stock picks? Probably not. Or does it (more moderately) promise to make the consumer a smarter, better-informed investor? The longer and more detailed your guarantee, the more credibility it has. Testing indicates that 60-day guarantees out-pull 30-day guarantees by up to 100 percent without increased returns or requests for refunds. If your current guarantee is short, vague or ambiguous, how can you rewrite it to make it clearer and more credible? What is a "satisfaction" guarantee? Does it mean your customer must be satisfied that your product fulfills the promise of your offer? It's his or her decision whether you have achieved "satisfaction," not yours, right? Then why not say so! Product satisfaction isn't the only issue that makes consumers reluctant to buy. Some customers worry about the safety of online credit card transactions. Some don't have a credit card and want to pay buy check. Does your sales letter landing page address these concerns? Want to learn more about e-commerce best practices? Join Don, Kim, Amanda and Peter at the Mequoda Summit Napa Valley 2008! Only 3 seats left! Here's a selection of reassuring risk reversal statements from Mequoda Senior Copywriter Peter A. Schaible's swipe file: The reason-why guarantee Telling the customer why you offer a guarantee increases your credibility.
The how-to-get-it guarantee Telling the customer specifically how she can get satisfaction adds to your authenticity.
The "feel-good" performance guarantee This one tries to assuage consumer anxiety about having to explain buyer's remorse.
Want to learn more about e-commerce best practices? Join Don, Kim, Amanda and Peter at the Mequoda Summit Napa Valley 2008! Only 3 seats left! Other risk reversal assurances
Dealing with guarantee abusers Will some customers abuse your "satisfaction" guarantee? Of course. It's a cost of doing business. Simply add their names to your "do not sell" list. Every business lives or dies by customer satisfaction. Can you afford not to offer a customer satisfaction guarantee? Additional resources How to Start and Run an Effective Internet Marketing System Back to the Basics: Five Steps for Creating User-Centric Products Mequoda Method Habit #6: Implement the Mequoda Internet Marketing Model **Second Edition** |
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