Going Online - The Business Case
Thinking of going online?The Internet has evolved into a powerful tool that allows companies to market and sell products to an online customer base which spans the globe. In the UK 70% of the population has access to the World Wide Web and worldwide this represents at 400 million plus audience. The key to this decision is normally the cost involved, small companies may not be able to justify the initial investment in this, for them, unproven media. Even larger companies may balk at what they perceive as a large cost outlay for an indefinable return. The calculation for Return On Investment (ROI) is perhaps difficult to quantify when dealing with a new advertising media or a new route to market.
While we do not advocate that you replace all of your current marketing with an online approach, it is worth pointing out that a well thought out web presence can be the most cost effective method of finding new customers. |
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