For months now, the economy has challenged businesses of all sizes to pull out every cliché they can muster. It seems every marketing department is chasing “low-hanging fruit” while business development professionals are busy with “synergistic win-win relationships.”

Meanwhile, IT departments are looking for “best practices” that will “increase efficiency” while executive teams are encouraging “paradigm shifting organizational changes.”

Though it may be counterintuitive, we think that enterprise-sized e-tailers can save money by thinking inside the box. Here’s what we mean:

Consolidate Communications: We know from our own proprietary research that a website visitor’s communication technology preference is dependent upon where they are in the buying process. In a given moment then, there are people on your site who want to chat with you, initiate a click to call with you, email you, be actively assisted, or have no communication with you at all. Putting each of these communication methods into its own box and under its own management is wasteful. Enterprises should consolidate all of these methods under one umbrella with the same interface and staff. We recently launched an integrated suite to accomplish just that. Learn more about BoldCCM.

Get in the Driver’s Seat: Taking control over your own live chat, click-to-call and email management solution is valuable to an enterprise for two reasons. First, it saves money in the short-run because it avoids costly fees associated with ongoing professional services engagements. Secondly, it enables companies to build intellectual capital around an increasingly important competency. We recommend, at least, that firms develop a working knowledge of live chat reporting metrics and proactive invitation logic.

One Chat Resolution: Many enterprises who utilize live chat for support should consider an active co-browsing or full remote control capability. If your product line is complicated or if you sell computer-related items, the ability to actively view and interact with a target customer’s PC could allow you to resolve their buying or support issue in one session. This not only provides a positive experience for the customer, but avoids costly escalations.

In certain marketing circles it’s considered sacrilege to use your competitor’s name in your own communications. “Why use your money to promote their brand” – or so the thinking goes. While I admit it’s not terrible advice, it’s not always the right advice either. There are certain situations when explicit mentions of direct competitors are not only appropriate, but encouraged.

When the industry in which you compete has not yet ‘gone mainstream’, a decent portion of your marketing effort is needed for education. This is true, in fact, for all the players in the space. In burgeoning markets then, a chunk of the collective marketing executed by all the competitors is being used for ‘category building.’ While marketing-types would like to use 100% of their budgets for brand building, it’s simply not possible until there is a robust market from which competitors can carve out a lasting position.

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Here’s the link. Go ahead – click it. I know you want to. C’mon – click it.

When you click this link, the BoldChat system records your action as a specific type of conversion which we’ve set up called, “Clicked Blog Link”. Our live chat software allows us to report on these conversions in aggregate, or to browse them one by one as you can see below.

To be honest, the aggregate reporting is more useful for business decision making but as it’s not as cool looking, I didn’t include it here.

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To understand why offering whitepapers as part of a Pay-per-Click strategy works, you’ll have to get inside Google’s head. Scary thought, I know, but surprisingly easy to do.

The first line on Google’s corporate site is: “Google’s mission is to organize the world’s information and make it universally accessible and useful.”

Why do people use Google? The question is perhaps pedantic (though amusingly alliterative), it is important not to lose sight of the answer; people use Google to find things. Most often, they are looking for information –as Google themselves states. As such, offering Whitepapers front and center as part of your Google ads seems to fit in with the very philosophy of search – providing information and making it accessible.

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Our grand experiment has come to an end and the results are in.  If you haven’t read my first post about Google’s offer to optimize our AdWords campaign for free, let me bring you up to speed.  Google contacted us and offered to put together an “optimized” campaign aimed at boosting results.  During email and phone conversations with the team assigned to our account, we were very clear about the definition of results; success was lower cost conversions.  Full stop.

We were asked to allow the campaign to run for two weeks.  After two weeks, we saw the following:
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Thanks to products like the iPhone, Blackberry, and Google’s G1 Android-based phone, SMS communications and mobile email continue to be primary functions of a mobile device, rather than secondary functions. I’ve had an iPhone, Blackberry, and Palm Treo and, while call quality was a factor in my purchases, the main value these phones offered was easy access to other forms of communication. So it may seem like a natural progression for business-oriented live chat software to be compatible with mobile phones.

I disagree. I don’t think conducting live chat on a mobile device will help businesses with sales and customer support. In fact, I think it can harm them. Here’s why:

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When we talk to prospects, its sometimes difficult to understand why they would want to host their own live chat solution. There are two trade offs that should be measured: solution sophistication and control.

Vendors who provide implementations you can install yourself will be tempted to reduce the sophistication of the product they offer you OR you will be faced with a maintenance contract to make sure you pay for the support you will need. Finding the razor’s edge will be tricky. Full-featured installable solutions are simply more expensive. With a hosted solution, one simply focuses on what level of sophistication of the solution you wish to implement on your site.

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A decent chunk of our marketing expenditure goes to paid click advertising and the vast majority of that spend is through Google’s AdWords system.  While many conversion types are possible on our website, the only one that matters with Google is a successful paid customer conversion. This is, in fact, the only conversion we track using the AdWords ‘conversion tracking’ feature. Over the past year or so we have systematically attempted to drop our cost per conversion by implementing and testing a variety of methodologies. We have relied most heavily on the advice from Perry Marshall and his AdWords course. Just a few of the things we’ve done include:

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This 11-word question has a 1-word answer – data.

Management-types have a strange affinity for numbers. Raw data makes them smile, spreadsheets can warm their hearts, and graphs make them downright giddy. It is said that the way to a man’s heart is through his stomach. Well, the way to management’s top-of-mind is through data.

Sort of.

In today’s world, we all have access to piles of statistics about our websites. We know about time-on-page, bounce rates, and conversions by keyword. We know about geo-IP, referring URLs and other sophisticated visitor monitoring information. Emailing daily reams of data to management with may seem like a good idea, but 

is likely to get you nowhere fast. Yes, management likes data. But what really gets them excited is data-driven analysis.

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As the saying goes, “necessity is the mother of invention.”  And with economic downturns, companies face that necessity and are driven to improve efficiency and reduce costs (hopefully without sacrificing their brands in the process.)

With that in mind, here are 5 technologies that may be helpful for your business in a tight economy:

5. Pitchengine:  Pitchengine is a great way to publish your own press releases, for free, and have them indexed by search engines quickly. PR is valuable, but can be expensive and Pitchengine provides an inexpensive option for self-managed PR.  If you have to make cuts to your PR budget, Pitchengine can help you keep PR alive during the downturn.

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