One of the toughest questions for businesses – especially businesses who don’t sell products directly through their website – is: how can we generate return on investment after launching our new website?
If you’re asking this question, you’re on the right track. Many businesses never bother to ask about website ROI, and instead pay for flashy web design and copywriting, only to realize that none of it had any effect on their revenue. If you fall into this category, please be sure to read on, as you may be surprised at just how much your website can do for you.
Goals and Analytics
Website ROI comes down to two things: goals and analytics. In this article, I’m going to focus on setting up website goals. A followup article will detail how to measure and report on the effectiveness of your implementation of those goals.
Changing the way you think about the web
Too many businesses think of their website as an online business card – a place where people may go if they’re directed there by a salesperson, but nothing that is going to drive new business opportunities. Oftentimes, we find that our clients have never viewed their website in the appropriate light, and instead subscribe to an antiquated idea of what it means to do business on the web. Regardless of your industry, your service offerings, or your target demographic, your website should be a tool for generating new business, for creating and maintaining contact with warm leads, and for decreasing their overhead costs.
Setting Goals
So, how do we shift our thinking and get started with ROI on our website? First, set a goal.
Many companies have never asked themselves: “why do we have a website?”. Other questions too rarely asked include: “Ideally, what types of visitors would we like to attract to our website” or (this one is very important) “what do we want them to do when they get there?”
For companies that sell products online, the answer to these questions is generally pretty simple – “we want our visitors to go through the buying process and purchase our products”. There is still plenty of room for creating efficiencies & identifying goals in that process, but right now I will take a moment to talk about those companies who don’t sell products online. Maybe they are service based or have a lengthy sales cycle due to custom or niche products. These are quite often the companies that overlook the value of their website, assuming that because they don’t have an online store, the web can’t be at the forefront of their business. This type of thinking is toxic to a business model in 2009, and needs to be addressed and updated.
Why do you have a website?
The answer to “why do we have a website” should be something to the effect of “to drive new business to our company through search engines and to offset our customer service costs by providing information and online support to our clients, employees, and investors”.
The first part of this answer is handled by search engine optimization, or SEO, which is the process of positioning a website high in the search results for given keywords and phrases. This process should be handled by a capable SEO firm, but be wary of SEO companies that promise big results but don’t ask many questions, or who seem to be unable to give a clear idea of what you should expect from the process.
The second part of the answer – offsetting customer service costs – is often overlooked. Consider how many man (or woman) hours your company might save if you were able to reduce the number of customer service calls by 20%? What about 40%? What if you directed your customers or investors to a web page rather than mailing out hard-copies of presentations, white papers, or financial reports? For many companies, having complete, constant control over their website content is something they think is out of their reach, because the old method of content control is to email your web design company and have them make small changes to existing text (usually at a hefty hourly rate). However, content management systems (CMS) are the standard for building websites in 2009, and if you are operating on anything else, you are at a disadvantage. A CMS makes updating your website as easy as word processing, and is a staple of a successful website.
What types of visitors would you like to attract to your website?
The answer to this question should be: “everyone in your target demographic”. Often we find companies who are convinced that their target demographic is not using the web. Actual statistics show otherwise. According to Internet World Stats, 248,241,969 people in North America have access to the Internet (consider that the entire population of North America is 337,572,949, according to the 2008 census). Additionally, a recent PEW research study concluded that “Contrary to the image of Generation Y as the ‘Net Generation,’ Internet users in their 20s do not dominate every aspect of online life.”. Make no mistake about it: your target demographic is on the web, and right now, they’re browsing your competitors’ sites.
What do you want visitors to do when they get to the site?
The simplest answer here, if you’re not selling products directly, is “contact us”. It is extremely common for companies to purchase warm leads, why not use your website to bring in your own? Browse through your website and ask yourself “how hard is it to figure out the specific services we offer, and what value we bring as compared to our competition?”. Also ask, “how easy is it for a potential customer to contact us from any page of our site?”, and “how easy is it for visitors to get to specific information about our products and services?”.
Implementation
After you’ve determined what you’d like to do with your website, you need to implement changes to help reach your goals. A competent web strategy firm will be required to help you with this process. If you have separate marketing and web development teams, you should ideally have your marketing team develop a clear plan for the web team, who should then implement the changes.
Context can help you get the most out of your website by developing and implementing your goals, then measuring and reporting on the progress and ROI. Please read more about our SEO, Website Optimization, and Content Management services.
What’s Next
Once you’ve identified your goals and updated your site to best suit those goals, you need to find out how successful you’ve been in your implementation. This is where analytics comes in, and I will be following up shortly with an article about measuring ROI.