Word of Mouth - Lifeline to Business
- By Career Muscle
- Published 07/2/2007
- Marketing
- Unrated
Word of Mouth
Not every one has "big bucks" to invest in a business. However, applying common wisdom, insight and doggedness can reap rewards for cash-strapped entrepreneurs. Apply the principles of good customer service, and reap the rewards that satisfied clients will direct your way.
I started my first online business in February 2005, using a free web host service. On 17 March 2005 I established my first domain name (www.progressenterprise.com) and commenced the long term task of gaining visibility on the internet. The total establishment cost was around $200 (Australian) at the time. As a salary earner and co-provider I was not in a position to take financial risks.
My product line (A "how to" Resume / Curriculum Vitae e-book and a suite of Resume / Curriculum Vitae frameworks (templates) are intellectual property and therefore did not require start up costs for tooling, parts, distribution networks etc. However, the products are a once-off sale to each customer. Once purchased, customers have the resource permanently and do not need to return.
I have done all the usual things (and then some more!) to increase the profile of the website in search engines. (That is rich material for another article!) The ongoing daily attention and maintenance has produced success in that I average 26 - 30 "organic hits" per day on my site. This of itself does not generate a sustainable income, although it is a significant achievement for a small business.
The really big news is that most of my sales do not come from organic sources! Many of my customers simply type my URL in their browser and come straight to me. I wondered why so much of my business was directly fro
"I was chatting with a colleague/friend/relative at my work/sporting event/party and they mentioned that they had bought some CV "templates" from your site. They found them really easy to use and modify and got their next job/promotion by using them."
As a service industry, customer satisfaction is paramount to my success. I cannot ask for a better source of clientele than satisfied customers! (The "down-side" is that some satisfied customers simply pass on the purchased items to others, effectively pirating the intellectual property from www. progressenterprise.com. In the absence of a better alternative, I take this as a back-handed compliment.)
Satisfied customers are credible salespeople with nothing to gain. Listeners factor this in to their decision to purchase the resources I provide. This kind of feedback is the biggest source of my sales and I treasure it.
Ironically, a number of people give critical feedback on the layout or design of my site. Consequently, I have experimented with a variety of layouts and designs, but sales continue to come in regardless of what the site looks like. This reflects the power of "word of mouth" and the faith that most people place in the good experiences of others.
I have been pleasantly surprised at the application of the "word of mouth" principle at a macro level. I recently discovered a completely independent website which simply compares the range of products and services available across the internet in my area of expertise. Imagine my surprise to find myself listed very highly in the top 10 services providers IN THE WORLD! This has stimulated an increased level of business for me as I reap the "flow-on" benefits.