Online Marketing is a vital part of e-commerce business. An e-commerce business hinges upon trading products or services online with customers present on the internet. Online marketing is fascinating yet challenging on considering the hindrance involved and mistakes one make thereon. Every year hundreds of entrepreneurs appears with their amazing ideas of establishing themselves at the global level, however many of them of them dissolves along the tides of time for they are hindrances or mistakes that appears while marketing on the digital platform. In case of e-commerce, despite offering huge discounts and offers many online shopping retailers such as Lenskart and others which offers lenskart discount offers, have to keep in mind proper online strategy to survive in the cut-throat competition in the market.
These are the list of mistakes one make in online marketing, which are to be overreached for prosperity.
1 Overconfidence is one the biggest problem an entrepreneur would have while commencing an e-commerce business. This leads to thinner analysis of market, neglecting viable strategies, and certainly ignoring vulnerabilities corresponding to budget, commitment, and technology. Eventually, business collapses along the following years and causes intense loss and bankruptcy.
2 Too much focus on earning business revenue begets ignorance over business network which is the integral part of any businesses. Online marketing centres around bolstering the network of online traffic through effective strategies, and enhanced desire to earn loads of revenue causes could lead to unfair means of accumulating customers. This affects the quality, consequently staining the relationship with customer who could have been the best source of revenue.
3 Improper resource management is another hindrance or mistake that dismantles a business. An entrepreneur could be highly educated but if he or she lacks the skill to manage the resources essential for business development then it is obvious that business would not last too long. An e-commerce business requires adroit resource management skills which include tracking orders, getting the product ready for dispatch, quality maintenance, leveraging manpower, and developing more technical empowerment.
4 Following others and copying other business plan would not be of much help in bolstering an e-commerce business. If an entrepreneur uploads copied contents for Search Engine Optimization (SEO) then it would let Google crash his or her website’s ranking. Furthermore, following and applying same Social Media Marketing (SMM) and other online marketing strategies could lead to less online traffic as people prefers to be with the unique for better benefits and distinctiveness.
5 Little and no knowledge of how to implement social media marketing strategy could also caused failure in social media optimization. Facebook, Twitter, and Linkedin are the most important social media platform where people around the world gathers to communicate or exchange informations. Selecting the target audience and then leveraging all the tactics necessary to connect with them are highly mandatory to expect better customer network through social media. Neglecting social media or lack of knowledge on it would cause huge loss in connecting with potential targets that might empower business revenue.
The failure in online marketing is faced by many, however the ones who improvised their skills, analysed their negatives, and thereby improvised themselves to fight the battle again created history. Failure is the pillar of success but one has to understand what exactly is causing the failure, and then on striving to take all actions to overcome them in terms of online marketing strategy could result in progressive development of trade & commerce.