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	<title>InternetMarketing.com &#187; financial turmoil</title>
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	<link>http://www.InternetMarketing.com</link>
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		<title>Marketing In A Turbulent Economy</title>
		<link>http://www.InternetMarketing.com/blog/featured-articles/marketing-in-a-turbulent-economy/</link>
		<comments>http://www.InternetMarketing.com/blog/featured-articles/marketing-in-a-turbulent-economy/#comments</comments>
		<pubDate>Fri, 19 Sep 2008 13:01:58 +0000</pubDate>
		<dc:creator>The IMC Team</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[customer loyalty]]></category>
		<category><![CDATA[economic climate]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[financial turmoil]]></category>
		<category><![CDATA[informative survey]]></category>
		<category><![CDATA[Internet Business]]></category>
		<category><![CDATA[internet businesses]]></category>
		<category><![CDATA[internet marketer]]></category>
		<category><![CDATA[stock market]]></category>

		<guid isPermaLink="false">http://blog.marketingtips.com/marketing-in-a-turbulent-economy/featured-articles</guid>
		<description><![CDATA[I&#8217;m not gonna sugar coat it&#8230; it&#8217;s looking pretty darn ugly out there! I&#8217;ll spare you a rehash of all the gory details &#8212; I&#8217;m sure you&#8217;re WELL aware of &#8230; <a href="http://www.InternetMarketing.com/blog/featured-articles/marketing-in-a-turbulent-economy/"></a>]]></description>
			<content:encoded><![CDATA[<p>I&#8217;m not gonna sugar coat it&#8230; it&#8217;s looking pretty darn ugly out there!</p>
<p>I&#8217;ll spare you a rehash of all the gory details &#8212; I&#8217;m sure you&#8217;re WELL aware of them already &#8212; but suffice to say that the stock market and economy took a pretty sound thrashing this week.</p>
<p>And MANY people are worried.</p>
<p>I&#8217;m seeing it in the emails I&#8217;ve been getting from nervous customers&#8230; and in the urgent phone calls I&#8217;m been receiving&#8230; and in the comments on my blog&#8230;</p>
<p>There are a whole lot of people out there who are concerned about what the present economic climate will mean to their Internet businesses.</p>
<p>Well, I&#8217;m no economist, so I&#8217;m not about to make a prediction about the markets or the stability of the economy&#8230;</p>
<p>&#8230; but I <em>am</em> an Internet marketer, and what I <em>can</em> say &#8212; with <em>confidence</em> &#8212; is that a downturn in <strong>the current economy does NOT have to be a major roadblock</strong> for YOUR Internet business!</p>
<p>One key to surviving (even thriving) during this period of uncertainty is to <em>know your customers</em>!</p>
<p>It&#8217;s more critical than EVER for you to understand EXACTLY who they are&#8230; where they&#8217;re coming from&#8230; their interests, goals, and desires. This will allow you to <strong>create laser-focussed marketing copy that speaks DIRECTLY to them</strong> and solves their specific problems, as well as offer products that you know <em>for sure</em> will make a difference in their lives.</p>
<p>You&#8217;ll be rewarded with continued customer loyalty, and ongoing sales!</p>
<p>So if you don&#8217;t <em>already</em> know all you can about your customers and visitors, NOW is definitely the time to find out&#8230;</p>
<p>&nbsp;</p>
<p><font size="3"><strong>&#8230; and the <em>easiest</em> and <em>fastest</em> way to do that is with a survey.</strong></font></p>
<p>Here are the SIX STEPS you need to follow to create an effective and informative survey that will help you connect with your customers &#8212; and continue to profit &#8212; during the current financial turmoil:</p>
<p>&nbsp;</p>
<p><font size="3"><strong>Step #1: Plan Your</strong> <strong>Survey</strong></font></p>
<p>As with everything else you do with your business, you&#8217;ll have the <strong>greatest success with your survey if you do some advance planning</strong>.</p>
<p>Without a solid idea of what exactly it is you hope to learn from your results, you can easily end up creating a survey consisting of fairly random questions that ultimately don&#8217;t lead you <em>anywhere</em>.</p>
<p>So make sure you take the time to sit down and do some brainstorming and list making.</p>
<p>Decide what your goals with the survey are. Are you trying to learn more about specific products you offer? Looking for ways you could give everyone a more positive customer care experience? Trying to gather demographic information so you can segment your list better and send out tailored offers?</p>
<p>Be clear about what you&#8217;re hoping to accomplish with the survey, and you&#8217;ll be in great shape when it comes time to writing the actual survey questions.</p>
<p>&nbsp;</p>
<p><font size="3"><strong>Step #2: Choose Your Weapon</strong></font></p>
<p>One thing I like about surveys is that they&#8217;re super simple for pretty much ANY business owner to administer, no matter how small your budget, or limited your technical knowledge.</p>
<p>That&#8217;s because <strong>there are lots of web-based services out there that will host your survey for you&#8230; for FREE!</strong></p>
<p>You just design the survey using their simple point-and-click interface, enter the text for your questions, and then email a link to the survey to your customers and subscribers.</p>
<p>When your customers show up, the automated survey is online and ready to take!</p>
<p>And best of all, many of these free services offer a reasonable number of reporting features, too, making it <strong>easy to interpret your results.</strong></p>
<p>Of course, most of these services offer paid upgrades as well, which allow you to create more complex surveys and get more sophisticated reports, but for a typical small survey, the freebies work just fine.</p>
<p>Here are a couple that I&#8217;ve used and like:</p>
<ul>
<li><a target="_blank" href="http://www.surveymonkey.com/">SurveyMonkey</a></li>
<li><a target="_parent" href="http://www.esurveyspro.com/">Survey Pro</a></li>
</ul>
<p>&nbsp;</p>
<p><font size="3"><strong>Step #3: Design And Write Your Survey</strong></font></p>
<p>Designing your survey takes a bit of skill, but with a small amount of planning (there&#8217;s that word again!), you&#8217;ll have no problem putting an effective one together. Just be sure that you&#8217;re putting the questions in a logical order, and not exhausting your customers by asking for too much detail.</p>
<p>Here are a few tips to help you design a better survey:</p>
<ul>
<li><strong>Start with the good stuff &#8211;</strong> To ease your customers into the survey, start off with some simple questions they can answer without a lot of thought.
<p>This can be something as simple as basic demographic information (age, location, etc.), which also happens to be useful information.</p>
<p>But don&#8217;t load up the front end with all of the easy questions. Save a few for the end of the survey. That way, it won&#8217;t get increasingly difficult throughout, which can cause some people to bail before they complete it.</p>
</li>
<li><strong>Avoid asking too many questions</strong> &#8212; 15 minutes is about the maximum length you can reasonably expect somebody to spend answering a survey, so be sure to limit your questions.
<p>At the same time, be sure to let your respondents know up front how much time will be required to complete it&#8230; and be honest! People will begin to drop out if it starts to take longer than you say.</p>
</li>
<li><strong>Give your survey an introduction and ending</strong> &#8212; It&#8217;s a good idea to include an introduction to the survey, to clearly explain what people are required to do.
<p>At the same time, it&#8217;s a nice touch to end the survey with a &quot;thank you&quot; page, just to let people know you appreciate the time they spent taking the survey.</p>
</li>
<li><strong>Respect people&#8217;s privacy &#8211;</strong> You may want to collect personal information like age, income, and occupation. If you do so, make sure to reassure your customers beforehand that you have a strict privacy policy, and remind them that their answers are all confidential.</li>
</ul>
<p>When it comes time to write the actual questions, make sure you write in a relaxed, conversational voice, and avoid things like abbreviations, acronyms, and double negatives. You want to be sure that EVERY person who takes your survey clearly understands all of the questions.</p>
<p>Here are a few tips to help you write compelling and effective survey questions:</p>
<ul>
<li><strong>Avoid asking leading questions &#8211;</strong> Be sure that your questions don&#8217;t sway your customers towards answering them in a particular way, or giving an answer that&#8217;s not actually true.
<p>For example, don&#8217;t say: &quot;<em>How quickly did we resolve your problem?</em> &quot; This assumes that the problem was indeed resolved.</p>
<p>The question you <em>should</em> ask is, &quot;<em>Was your problem resolved</em>?&quot;</p>
</li>
<li><strong>Avoid questions that rate more than one thing</strong> &#8212; Avoid asking questions that require people to rate more than one thing at a time.
<p>For instance, don&#8217;t say: &quot;<em>How fast and accurate did you find our customer service representative</em>?&quot;</p>
<p>While the service may have been fast, it may not have been accurate (or vice versa) so this question is impossible to answer accurately.</p>
</li>
<li><strong>Focus on asking &quot;close-ended&quot; questions</strong> &#8212; In a survey, a close-ended question is one that can be answered with a simple yes/no or other specific piece of information, or a selection from multiple choices.
<p>This makes the survey faster and easier for your customers, and the results more simple for you to manage.</p>
<p>So instead of a question like &quot;<em>What did you think of your customer service experience?</em>&quot; try something like &quot;<em>Did you enjoy your customer service experience</em>?&quot;</p>
</li>
<li><strong>Be consistent with your questions</strong> &#8212; If you ask your customers to rate certain things on a numbered scale, make sure to use the same scale each time.
<p>So if they need to rate something on a scale of 1 to 5 in one question, avoid using a scale of 1 to 10 elsewhere.</p>
</li>
<li><strong>Watch out for long questions</strong> &#8212; If your questions are too long, your customers will soon get tired of answering them, and abandon the survey. Look for questions that can be broken into two or more parts.
</li>
<li><strong>Don&#8217;t test your customers&#8217; memories &#8211;</strong> Try not to ask your customers to recall a lot of information that happened far in the past. They&#8217;ll soon get bogged down trying to recall specific details, and if they&#8217;re in a hurry to complete the survey, will often abandon it.</li>
</ul>
<p>&nbsp;</p>
<p><font size="3"><strong>Step #4: Test Your Survey</strong></font></p>
<p>You all know by now that I&#8217;m a HUGE advocate of testing EVERYTHING before you email it, make it live on your site, or expose it to your customers in any way.</p>
<p>So take the time to <strong>carefully review the survey, to make sure it has a logical flow, and that it all makes sense</strong>.</p>
<p>If you can, it&#8217;s a good idea to ask a few people (customers, if possible, or co-workers, friends, or family) to take the survey ahead of time, and actually WATCH them while they do it.</p>
<p>Do they hesitate while answering a question? Backtrack? Skip over a question? It could be a sign that your questions aren&#8217;t clear enough, and you&#8217;ll need to work on making them more simple.</p>
<p>Once you&#8217;re done, ask about the experience. Was there anything you didn&#8217;t understand? Were you confused at any point?</p>
<p>You want to <strong>make sure the survey is easy to understand and follow BEFORE you make it available</strong>. Once it&#8217;s actually live &#8212; and your customers have started answering it &#8212; you DON&#8217;T want to have to start tinkering with the questions. That will skew your results.</p>
<p>&nbsp;</p>
<p><font size="3"><strong>Step #5: Administer The Survey</strong></font></p>
<p>Okay, the moment of truth is upon you: It&#8217;s time to invite your customers to take the survey.</p>
<p>The easiest way to do this is to email them, and ask them for a few minutes of their time. And make sure you <strong>tell them what&#8217;s in it for <em>them</em> if they take the survey.</strong></p>
<p>If your goal is to improve a certain product, for instance, tell them that by taking the survey, they&#8217;ll actually be helping you to help <em>them</em>, because you&#8217;ll use their comments to fine-tune the assistance you can offer them.</p>
<p>And <strong>don&#8217;t be shy about offering your customers a &quot;bribe&quot;</strong> for taking the survey. You&#8217;re asking them to do a big favor for you, so it&#8217;s not unreasonable to reward them for their time.</p>
<p>Consider sending everyone who responds a gift (like a free ebook that they&#8217;ll find valuable), a coupon for discounted products, or enter them in a draw to win some a prize.</p>
<p>Finally, <strong>make sure you build some <em>urgency</em> into the email</strong>. If you don&#8217;t ask people to take the time <em>right away</em> to answer the survey, they&#8217;ll often put it aside to answer when they have more time&#8230; but then never return to complete it.</p>
<p>&nbsp;</p>
<p><font size="3"><strong>Step #6: Interpret Your Results</strong></font></p>
<p>As you review the results of your survey, remember that, <strong>more than anything, you&#8217;re looking for <em>trends</em></strong>. Did the majority of respondents answer specific questions the same way? Are they often expressing the same frustrations, etc?</p>
<p>At the same time, look for any surprising answers. Your survey is likely going to tell you things about your audience that you had no idea were true.</p>
<p>By finding out EXACTLY who your audience is, what they like (and dislike), and what their goals and experiences are, you&#8217;ll be able to tailor your salescopy, your email marketing efforts, your website, and even your products, to perfectly suit them.</p>
<p>The results should be <strong>improved customer loyalty, and ongoing success with your business, even during these turbulent economic times!</strong></p>
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