Javascript is enabled, but Flash has not been installed/upgraded
Click here to download Adobe Flash Player
 
      Your shopping basket
      Practical business guides
      Download HR templates
      Card processing
      Credit control and finance
      Insurance
      Purchasing
      Utilities and telecoms
      All member benefits
      About the FPB
      Why should I join the FPB?
      Our campaigns
      Employment and HR
      Changes to regulations
      Money matters
      Green issues
      Growing your business
      Health and safety
      Business technology
      Press office contacts
      Press releases
      Late payment hall of shame
      Discussion forum
      Member panels
      Referendum
      Surveys
      Small Firms' Summit
      Business-friendly MP award





Home > Hot Tips > 10 ways a website can make money for your business
Advertisement
17 April 2008
Bookmark and Share
   
Email article : Print article : More articles like this

These days your customers will expect you to have a website, but how can this benefit your business? Here are 10 ways a website can make money for your business.

  1. A well-designed website will raise the profile of your business in the eyes of your customers. Potential customers will subconsciously project the qualities or failings of your website upon your business as a whole.

  2. Direct e-commerce sales are an obvious way to make money from a website. This is where products are ordered and paid for online.

  3. You can reach a wider audience if your site is listed in search engine results for product and service areas aligned to your current portfolio. This is achieved via search engine marketing.

  4. By placing the bulk of your marketing material online, you can significantly reduce the printing element of your marketing costs. One company I know used to spend around £25k per year on paper advertising. A £5k investment in a website and their printing costs were cut to £5k per year. With these kind of savings it does not take long before a website has paid for itself.

  5. As your website gets more traffic, advertising can be sold to increase revenue from the website. The most commonly used tool for this is Adsense from Google, but other providers are available or a custom system can be built.

  6. If your business handles a large volume of customer service requests this can be streamlined by implementing an online customer service ticket system. This will reduce your administrative and staffing costs while improving customer retention due to improved customer service.

  7. Another route that can streamline your administrative processes is to provide online customer job progress reports. This way customers do not need to contact you directly, taking up your time, to gain progress information.

  8. Taking the last point further, you can provide tools for your customers' website if they distribute or resell your products. Your customers' customers can then gain, for example, delivery information via your customers' website while you remain anonymous.

  9. If your products are displayed online you can use systems to manage your stock control. This can streamline your other processes.

  10. The extended version of the last point is an integrated system. This is where your whole administrative process is managed in a secure online database. As much of the system is automatic, procedures such as purchase order production on material order level triggers do not require human intervention. Human error is also reduced. These systems can lead to a huge time and financial savings and even increased sales because of improved customer retention.
About the author
Martin Saunders runs MS Internet Ltd., an expert website design & development company. MS Internet gives a friendly, personal service and offers design, programming, e-commerce, search engine optimisation, web hosting and domain name registration services.
Phone: 08444 128 001 | Email: info@msinternet.co.uk | Web: www.msinternet.co.uk


Username:
Password:
Email:
 
Advanced search
Advertisement




 

News Articles - What is this?
Home : Join Us : Contact Us : Advertise : Sitemap : Terms & Conditions
© 2008 Forum of Private Business : info@fpb.org : Website by Fat Media