Tending to Your Needs: 5 Key Differences Between Online and Offline Auctions

Published on: 25 January 2019 Last Updated on: 09 August 2019

Auctioning is a popular way of selling and purchasing various items. But, what are the differences between online and offline auctions?

In the past, all auctions were conducted offline. The development of the internet has led to the rise of online auctioning platforms.

Companies that provide auctioning services have embraced modern methods while still keeping the traditional live auctions. To get an overview of the services provided by such companies, visit equifyauctions.com

Curation:

In offline auctions, experts examine and curate the items to be auctioned carefully. Customers can also inspect the items and even test them (if applicable) before the bidding process begins. This assists them in making informed decisions about the items placed for auction.

On the other hand, it is rarely possible to test an item on online auctioning platforms. Online auctions are also accessible to global audiences, whereas offline auctions are only available to locals and people living nearby.

Bidding:

To bid in offline auctions, you must be physically present. Conversely, online auctions only require internet access. This means that you can bid from anywhere provided you have access to the internet.

In this regard, online auctions have the upper hand over offline auctions because of the wide variety of items available. For instance, you can bid for a car in Britain while living in the US.

Bidding online has an advantage in that prices may be cheap if you are first to the auction. On the contrary, it can also be expensive to acquire a product when the bidders are several, given that many people find bidding over the internet to be convenient.

Payment:

In live auctions, payments are mostly made in cash. Since the buyer is likely to meet the seller one-on-one and you pay for what you see, issues regarding payments are very rare.

In online auctions, there are no guarantees overpayments. Issues arising from faulty items, and in severe cases, non-delivery, are likely to occur. However, there are some platforms with a credibility that use secure payment platforms. Such platforms also compensate you if the bought items do not meet the desired standard.

Trustworthiness:

Offline auctions are renowned for their utmost trust. Online auctions, on the other hand, have some work to do on this front. As mentioned above, the trust issues originate from payment and delivery.

Conclusion:

Online platforms have been cited by many as the future of auction. This could be the case, mainly because they are convenient and give you a broader audience. However, there are several challenges that need addressing. These include:

People will always have reservations about risking their money. This means that online auctions have to implement methods of safeguarding client funds.
There is a need for creating a means of verifying the existence of an item, clients should also be able to inspect the condition of the item before committing their funds.
That being said, you should thoroughly research a reputable auction house before buying or selling an item.

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Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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How to Get More Traffic to Your Amazon Listings

Building a successful business on Amazon requires a decent amount of virtual footfall to your online store. This means generating traffic is one of the biggest priorities for Amazon sellers. But the thought of all the different tactics you can use and implementing them in the right way can feel incredibly overwhelming. We’ve compiled a guide to getting more traffic to your Amazon listings to help you out. First Things First… Know Where You Stand Before you go ahead and implement the different traffic generation tactics out there, it’s important to know where you stand amongst your competitors and in the overall landscape of your industry. There are three things you should do first to set you up for the best success. Do these, and you’ll have a better understanding of what you need to do to stand out to potential buyers and a keen knowledge of the keywords they use to search for products like yours. a) Competitor Analysis: Looking into what your biggest competitors are doing helps you understand where your brand fits in. You can also glean some inspiration for traffic generation techniques that have been working for them. Start by looking into the keywords they’re using on products similar to yours and the words they’re using to describe their products. Your competitors likely have products that show up top on Amazon search results, so following their lead will ensure your products get the same recognition. Start by typing your product into the search bar and exploring the first few results that show up. What keywords do they use? How are they describing the products? Do you notice anything different or better about their listings compared to yours? b) Category Analysis: Category analysis works as a follow on from competitor analysis. It lets you uncover the keywords that are used to describe products like yours. Not only will this give you some ideas for your own listings, but it will help you figure out what makes the popular listings in your industry so successful. If you sell red dresses, for example, type “red dresses” into the Amazon search bar and take a look through the top results. Compare the differences between these listings and yours and identify any particular wording or phrases that crop up often. c) Keyword Analysis: After running competitor and category analysis, you’ll have a deeper understanding of the words your customers are using to search for products like yours. Use a keyword tool to find other relevant words and phrases to use and sprinkle them throughout your product listings, like in your product titles, descriptions, and image captions. You can also use Amazon’s search bar suggestion to find commonly searched for phrases relating to your products. Easy Ways to Increase the Traffic to Your Amazon Listings After analyzing your competitors, product categories, and keywords, it’s time to focus on actually getting traffic to your site. Here are the most effective tactics our clients at Urtasker have used to increase their traffic. 1. Amazon SEO SEO isn’t just a Google thing. After all, Amazon is also a huge search engine. Thus, optimizing your listings will help them show up higher in the results. Amazon rankings consider several factors. These include keywords, how well you products sell, the number of reviews you have, and the quality of the content you have on your listings. To optimize your listings, start by: Incorporating keywords into your product titles and descriptions Showcasing high-quality images on your listings Writing clear and concise product descriptions 2. Create High-Quality Content Content marketing is one of the most effective ways to generate traffic to Amazon. Like writing blog posts, creating downloadable, and recording videos and other kinds of content to share with your audience. Start by creating content that ties into your products. For example, if you sell teapots, why not create a blog post about different tea recipes for “mocktails”? Post this content on your website or blog to attract people from different channels. You’ll attract visitors from Google and social media who might be looking for tea mocktails to make, and your posts will then direct them to your store. 3. Leverage Reviews Reviews are one of the number one ranking factors on Amazon. The more positive reviews your products have, the more likely they are to rank high in search results. Reviews are great for two reasons: They help you understand what potential buyers actually want from you - simply scour your reviews for words and phrases they use that you can incorporate into your listings They will push your products up higher than competitors with less reviews Encourage past buyers to leave reviews by sending out a follow-up email, asking them on social media, or using built-in Amazon features like the Review Request tool. 4. Make Use of Amazon’s Enhanced Brand Content and A+ Pages Amazon helps its sellers out by providing a few powerful content features. Enhanced Branded Content lets stores show off their products by adding special content features to their listings. Rather than the usual listing layout, you can brand your product pages and include high-quality images to create a story around your products. This is what a standard product listing looks like: And this is what a product listing using Amazon’s Enhanced Brand Content Looks like: As well as Enhanced Branded Content, Amazon also offers A+ pages which similarly offer sellers the chance to create a story around their products using images, infographics, and other visuals. Here’s an example of an A+ Page in action: 5. Run Amazon PPC Ads Amazon has a range of different ads you can run onsite to ensure your products show up in the right searches (and, therefore, generate more traffic). Sponsored Product Ads show your products above the search results so they’re the first thing shoppers see when they make a search. There are also Headline Ads that allow you to create an eye-catching banner that goes at the top of search pages. Here is an example of a Sponsored Product ad in the search results: To ensure your ads perform at their best, use the right keywords from your analysis, laser-focus the audience you want to target, and set a healthy budget. Be sure to measure and tweak your ads so your results continue to improve. 6. Run Lightning Deals and Promote Your Products on Deal Sites Lightning Deals are a feature that allows sellers to promote a limited number of discounts on a product of their choice during a certain timeframe. This attracts customers who might otherwise not have seen your products. Running promotions like this makes it easier to drive traffic to your products, especially if you want to create a sense of urgency in your listings. As well as Lightning Deals, there are a host of Amazon deal sites that users can sign up for to get products at a discounted rate in exchange for a review. This will expose your product to a wider audience of potential buyers who might have missed it otherwise, and it will provide you with the reviews you need to start bumping your products up the search results. 7. Create Social Media Ad Campaigns Amazon has plenty of onsite ad options to keep you busy, but you can also run ads outside of the platform to drive people to your product listings who aren’t already on the site. Create campaigns with highly targeted audiences on Facebook, Instagram, and Google, making sure you implement the most popular keywords related to your products. 8. Social Media Marketing Without Ads If you’re not ready to splash out on social media ads or want to add another spoke to your social media marketing wheel, you can run organic social media campaigns. Promoting your products on platforms like Instagram, Facebook, Twitter, and LinkedIn helps you reach new audiences and increases visibility on your products. It helps to create a social media posting schedule to ensure you stay consistent with your posts. We recommend choosing just one or two platforms to focus on to start with, so you don’t get overwhelmed and spread yourself too thin. From there, you’ll be able to see which platforms resonate best with your buyers and where your products seem the best success. 9. Carry Out Email Marketing If you want to generate traffic and build deeper connections with your customers so they keep coming back, email marketing is the most effective solution. With access to buyers’ inboxes, you can share exclusive discounts, launch news, and updates from your brand to keep your products fresh in their minds. What’s more, you can regularly send links to products you think they’d enjoy, boosting your traffic and product visibility. 10. Upsell On Your Best-Sellers Your product listings are the perfect place to promote your other products. It’s likely that a couple of your products are more popular than the others, and you can use their popularity to guide shoppers to your lesser-known products. This increases traffic across all your products and gives you a chance to upsell, which means higher AOV and higher LTV. 11. Affiliate Marketing Affiliates promote your product in exchange for a percentage of every sale they make through their personal link. This benefits both you and your affiliates, which makes it an excellent way to generate traffic. Identify key players in your industry who have an audience suited to your products and partner up with them. Provide them with a unique link they can share with their followers and attribute every sale they make to them. This will help you reach audiences you otherwise wouldn’t have been able to reach and increase your visibility across multiple different segments. Ask your top affiliates publishers to analyze their Amazon Associates affiliate commission data. And then optimize their website’s content based on their review. They can do this by integrating their Amazon Associates data with We Can Track into Google Analytics and Google Ads. 12. Influencer Marketing Influencer marketing involves teaming up with top social accounts in your industry and encouraging them to share your products with their pre-built audiences in exchange for payment or another incentive. Identify who the top accounts are in your niche or accounts that have an audience you’d like to connect with and reach out to them with a proposal. Work on building influencer relationships, as these people already have audiences that trust everything they say. As a result, trust is automatically transferred to any product recommendations they make. Influencers tend to have large followings too, which means you can put your products in front of more people and generate more traffic. Traffic is Everything! To get more sales, you need more traffic. You can’t put the horse before the cart. However, with these easy tips, you can start implementing traffic generation techniques today to increase the visibility of your products and, ultimately, get more sales. Read Also: Beginners Guide: How You Can Grow Your Biz With Amazon Choosing a Quality Prep Center For Your FBA Business Methods of Optimizing Local SEO That Is Essential For Small Business Online Marketing: Selling Your Product And Services Utilizing the Dropshipping Model for Your Ecommerce Business

Content Marketing Mistakes You Shouldn’t Be Making

By now, most people know the value of a content marketing campaign to your business. Given the reach and convenience of the internet, most brands are bound to hop onto the content marketing bandwagon. The only problem here is that not everyone who hops onto trends completely understands them. Before you fully commit to a content marketing campaign, it’s important to know what you’re getting yourself into so you can avoid making catastrophic errors. In this article, we have outlined some horrible content marketing mistakes many marketers are making these days. Read this article if you don’t want to make these mistakes. Why Should I Consider Investing In Content Marketing? ROI: The first reason that content marketing is beneficial is that it significantly contributes to your return on investment (ROI). ROI can come in different forms, such as a customer subscription, better brand visibility, improved brand reputation, increased inbound traffic, and customer loyalty. Establishing Brand Authority: Content marketing also helps establish your brand as an authority, so long as your content is of good quality. You can even become your niche’s primary source of information. When this happens, customers are more likely to remember your brand whenever they need a product or service that you offer. Interact with Target Audience: Finally, content marketing is a potent means to interact with your target audience (and your target demographic). Sharing content helps you build trust with your audience, and it also acts as a means to extend your reach even further whenever your audience shares your content. Lead Generation: Furthermore, frequent followers and readers eventually become actual customers. Content marketing is a useful method to bolster your business’ performance, but only if you utilize it properly. It’s not a silver bullet that’s going to solve all your marketing problems. Generally, your best course of action is to hire a content marketing agency to launch and implement your campaign properly, but for those who want to try their hand at doing their own content marketing, there are some mistakes that you need to avoid. Poor Audience Understanding At the core level, it boils down to how well you know your audience. Your marketing message will work through the content you publish when you know who you are speaking to. The digital mediums, the analytics, and the other technical aspects come way later. Publishing content without knowing your audience is simply shooting arrows in the dark. It negatively impacts the different marketing and sales metrics you are trying to achieve. Here’s how your digital presence might suffer if you make the mistake of not understanding your audience – Low Engagement When your content isn’t aligning with your audience, your website will suffer from low engagement. Low Traffic: Your website can also suffer from low traffic. Poor Brand Reputation: when your business content is everywhere, your audience doesn’t recognize what you are posting. You also don’t get to build your brand image which can sustain your business for the long term. Poor SERP Ranking: readers will not stick around to read content that isn’t engaging, giving your website a poor search engine presence. Publishing Content Without A Goal In Mind: If you aren’t doing anything for free then you shouldn't also do anything without a purpose in mind. Whenever we publish content, it’s important to always have a goal in mind. You have to determine whether the goal of your content is to sell, generate leads, inform, or engage with your audience. These goals or purposes shape your content strategy, which dominates the core function of your content journey. What’s the content journey, you ask? It’s your process to create, publish, distribute, promote, and measure your content. Then there are your content channels and promotion tactics based on the type of channel and the type of content you are putting out. Yes, we are talking about everything starting from Social Media and YouTube to Blogs. If you are posting it on Instagram, you’ll use Instagram analytics. But, for blogs, you’ll need to use tools like Google Analytics. Your goal will determine things about your content, such as your call to action and tone (whether conversational, informative, or imperative). For example, if your content is meant to sell a product, it needs to sound friendly yet informative. A post that’s meant to engage with your audience is best written in a sincere, genuine tone. Failing To Utilize Paid Content Amplification: The internet is currently oversaturated and highly competitive. Content brands are constantly vying to get their message on the feeds of prospective customers. The brand that gets relegated to the background will surely lose customers, even if its product is superior to that of its competitor. Paid amplification helps your content reach your intended audience, and it almost always produces quality leads. Consider the fact that even industry giants make use of paid content amplification. This means that you should do so as well if you want to stay relevant in your chosen industry. Forgoing The Use Of Social Media Stories: Social media stories are mobile-viewed vertical videos and images that appear outside a user’s regular feed and last only 24 hours. Storytelling will be the key to distributing your content successfully. Stories are perfect for building emotional connections with your audience because they are more casual and are mostly used as a medium for real-time engagement. Stories also have a natural progression. This means that users can arrange their content to be more cohesive to viewers. Stories also allow users to enable their viewers to react to the story while also helping users determine the type of content that viewers want. Limiting Your Content Form: In today’s market, text and image content alone will not differentiate you from your competitors, especially when you consider that users are gradually shifting away from written content because of the increasing popularity of video content, podcasts, and infographics. This is especially true considering how these types of content are also searchable on major search engines. It’s important to invest in other content channels to maximize your reach. This also allows your users to choose how they consume your content. The best part about this is that you don’t necessarily have to generate new content to fill these channels. In fact, you can repurpose written content and simply change the channel they’re published on. An old blog post can serve as your framework for your video and audio content. Your users will appreciate the variety of your content, and this variation will also help improve your website’s SEO ranking. Ignoring Data Analysis: Successful content marketing is not just based on artistic taste and content popularity. It is also heavily influenced by data. Running an analysis of your campaign’s performance grants brands the insight needed to make informed decisions regarding content. The numbers will help you determine which approach is better for a particular demographic. This also allows users to correct a wrong approach. For example, if you’ve discovered that most of your users are active at a certain time, then use that data to determine the best time to publish your content. Simply ignoring the data will not only rob you of the traffic you would have gotten otherwise, but it will also convey that you’re indifferent to your audience, which will eventually spell the failure of your campaign. Conclusion Content marketing is a boon to business owners because it grants them the ability to grow their businesses quickly. It requires a lot of work and experience to get it right the first time, but since you’re posting your content on the internet, it essentially means that as long as your website is up, your content will continue to do its job. Whether your content becomes effective or not depends on whether you do things correctly. Read Also: 4 points to consider when creating a Great Content Marketing Strategy Crucial Role of Content Marketing in Local Business Required Content Marketing for Your E-Commerce Know Why Content Marketing Is Important For SEO

Which Targeting Option is Best for Influencing Consideration?

Question: Which targeting option is best for influencing consideration? Remarketing Demographics Custom Intent Custom Affinity Correct Answer: Custom Intent Detailed Answer Of “Which Targeting Option Is Best For Influencing Consideration?” The answer to your question “Which targeting option is best for influencing consideration?” is Custom Intent. Custom Intent is the best targeting option for influencing consideration because it helps you to reach your ideal audience by entering apps, URLs, and relevant keywords. According to the reports, many digital campaigns are not able to reach their target audience. To eliminate this problem, Google launches Custom Intent audiences. This program enables digital marketers to create audiences based on online behavior and relevant keywords. Besides, you can set up this in your Video, Gmail, Discovery, and Display campaigns by adding particular apps, URLs, and keywords, related to your goods and services. What are Custom Intent Audiences? Now, you might be confused about custom intent audiences. No need to worry! I am going to explain in detail Google’s custom intent and its benefits in the long run. Custom Intent audiences is a Google product that enables marketers to target individuals presently researching particular solutions, products, and topics on the web by making use of Youtube or display video campaigns. Best Benefits of Custom Intent Audiences Yes, there are various benefits of custom intent audiences as it lowers the waste in ad budgets and reduces the stream of irrelevant online ad experiences by targeting high-quality prospects. Now, let’s discuss some powerful benefits of Google’s custom intent audiences. 1. Custom Intent Audience Targeting is Cheaper: Custom Intent audience campaigns reduce the rate of CPC (Cost Per Click) to a great extent while targeting the same high intent searchers. So, the drawback of the high intent search keywords i.e., high CPC eliminates by Custom Intent Audience. This is regarded as the best benefit of targeting options for influencing consideration. 2. Custom Intent Reduce Waste in Ad Spend Another benefit of the custom intent audience is that it reduces waste in ad spending. This gives you an opportunity to target only the most likely customers by making use of suitable offers. Moreover, this ad is only shown to a specific group of audiences who are interested in a particular topic related to your goods and services. This means that there are less wasted impressions when firms target unspecific niches or have too wide of a target audience. 3. Eliminates Targeting Expenses Eliminates targeting expenses is another benefit of using custom intent audiences. As already discussed above that search ad comes with a high CPC and the targeting prospects of both are nearly the same. Besides, responsive display ads featured in Custom intent campaigns get more click-through rates, impressions, and clicks at a lower cost. 4. Become a Thought Leader On A Given Topic Do you want to make your business a thought leader in your particular domain? If yes, then make the right use of custom intent audiences! You can analyze the URLs that are ranking on the first page of Google and make use of those in order to rank on the top pages of the search engine result page. Keep in mind, digital display ads with custom intent can reach the same result faster with a higher return on investment. 5. Tap Into Competitor’s Targeting Data & Advertise To Their Customers Custom intent audiences enable you to perform competitive research to gain insights into the keywords that bring conversions to your competitor’s websites. This way you can easily collect the data and use it for your own campaigns to target your prospect customers and increase conversion rates to a great extent. How To Create Custom Intent Audiences? To create custom intent audiences, you need to consider some factors that are listed below: i). Competitor’s pages ii). Competitor’s keywords iii). Search volume iv). Main competitors v). In-market keywords. Now, the proper steps to custom intent for your business, follow the below-listed tips step by step: Sign in to your Google Ads Account Click on “Display Campaigns” Pick one active campaign and click “Audiences” Then, select an ad group and click the plus icon Click on the pencil icon under the browser tab Select the blue plus icon and create a name for your custom intent Now, check the potential reach of your campaign under ‘Audience size’ The Final Verdict Custom Intent is the answer to your question “Which Targeting Option is Best for Influencing Consideration?” The above-described information explains the reasons why custom intent audiences can be used for targeting purposes and what are the benefits of the same. You May Read Also: Which Marketing Mix Element Deals Specifically With Retailing And Marketing Channel Management? Essentials For Digital Marketing How we could be able to get benefits from the outdoor marketing

Tending to Your Needs: 5 Key Differences Between Online and Offline Auctions

Curation:

Bidding:

Payment:

Trustworthiness:

Conclusion:

Cold Calling Script for Successful Sales Persons

Why an Automated Sales CRM Platform is What Your Business Needs

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

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