By Kelly Kubrick
Are you trying to market
without a Web site? Bad idea. In August 2006, Statistics Canada reported that
Internet access rates in Canadian metropolitan areas ranged from a low of 68
per cent in Montreal to a high of 77 per cent in Ottawa-Gatineau and Calgary.
Given those numbers, one hopes that few home builders still need convincing
about the value of Internet marketing today.
Yet Statistics Canada also reports that only 29 per cent of construction industry
enterprises (including residential home builders) have a Web site. The good
news? We outperform Agriculture, at 11 per cent. The bad news is that industries
such as Information and Culture are at 82 per cent - ironic, considering how
much information the average Canadian home builder could offer to convince potential
buyers of their value versus the competition's, such as unique geographic benefits,
intelligent floor plans, and established reputation.
If your company lacks a credible Internet presence, you might as well try and
market with an unlisted phone number. Consider the fact that back in 2003, BBM
Analytics reported that 91 per cent of Canadians Internet users search for product
and service information versus other activities. As a home builder, consider
that the Internet is now a standard tool for communicating with prospects and
customers - not necessarily for direct sales, but to validate your company's
existence before picking up the phone or dropping by your sales centre. Knowing
that, consider whether your Internet presence reassures potential buyers by
answering questions such as:
Does this home builder have customers like me?
Have other customers like me done business with them?
Do they offer the kinds of things I value?
When considering an investment in Internet marketing, start with a clear definition
of your Internet strategy. Do you plan to drive awareness of the Web site to
new markets? Do you want to increase usage of the site within your existing
markets? Answer these question relative to your business strategy this year.
Now you can now define the purpose of the investment and ensure it lines up
with your business strategy. For example, does your Web site aim at generating
leads for your sales team, reducing costs through self-service customer service,
or something else?
Next, establish your Internet marketing budget. Sound obvious? You'd be surprised
at how many companies know their Web site operation costs but don't know what
they've allocated to promote the Web site. If that describes you, start with
your annual marketing budget and decide what percentage of it you will test
on Internet marketing. That will give you a baseline of available dollars to
rank against other planned marketing expenses for the year. Decide where the
Internet fits compared to media spending, sales office expenses, and signage
or printing brochures.
If there is room, you're now in good shape. You know why you're going to invest
in the Internet and how much you're willing to spend doing so. However, before
writing any checks, how will you measure success? What goal will you set for
the Web site? Let's say your company decides that the Internet investment strategy
is to build awareness in new markets, and that the site's purpose is to generate
leads. A possible goal might be a 15 per cent increase in leads generated this
year over last. Now, you've got something concrete you can hold the investment
accountable to.
The last step is to determine what indicators you will monitor over the next
year to ensure the goal is achievable. Start with your Web site traffic or Web
analytics reports; your IT staff or Internet Service Provider (ISP) will tell
you how to access them. If you have none, kick up a fuss. How will you monitor
what you can't measure? Now, take a look at the numbers. Are your visitor numbers
growing, flat or falling? Does it appear as though there are enough gross numbers
to convert into the number of leads you are anticipating? If not, what can you
do to improve the situation?
Before you know it, you'll have an action plan to make sure your Internet investment
provides you with a measurable return. Can you say the same thing about your
other marketing expenses? If not, take a harder look at how the Internet might
fit into your overall marketing efforts.
Kelly Kubrick is former Director of E-Commerce at Time Warner in New York, now President of www.OnlineAuthority.com, an Internet marketing consulting firm.