Are You Driving Potential Buyers Away?

Are You Driving Potential Buyers Away?

By Abby Johnson – Fri, 08/06/2010 – 3:34pm.

Why less is sometimes more

Have you ever been in a position in which someone likes you a whole lot more than you like him or her? The interesting thing about these situations is that you are, typically, driven away instead of returning the same level of feelings. Incidentally, many businesses are guilty of setting up a similar scenario in regards to online sales.

As discussed in the above video, businesses often provide long, detailed descriptions about a product or service. Although it is necessary to be informative, there is a danger in providing too much information. Does it really persuade a customer to buy if every single feature is mentioned? Probably not.

Businesses need to be aware that the purchase process is a mentally draining process. Before deciding to buy, most consumers take the provided information, evaluate it, and then compare it with the competition. This can turn into a lengthy process.

When businesses create their feature lists and descriptions, they should think about the consumer. More often than not, businesses put strong emphasis on details that consumers may not even understand or care about. When they include too many insignificant details, it could result in information overload and easily drive a potential buyer away.

When it comes to how much is too much, the answer is somewhat gray. The important thing for businesses to understand is to include their most prominent features and those that set them apart from their competitors.

Businesses can also look to established brands to see what their approach is. For example, Amazon is great model for those involved in ecommerce. It offers suggestions such as “Frequently Bought Together” but doesn’t provide an overwhelming amount of data.

Businesses that extend service packages can apply these same principles. A good example to look to for service offerings is XM Radio. It gives consumers 4 packages to choose from, which provides options but not an overwhelming amount.

If a business really feels like it needs to include an extensive list, it could always display a few and then integrate a button or arrow into the page that users can click to view more.

Ultimately, businesses want to drive sales. To do this, they should make sure their product/service details are clear, balanced, and organized.

Tips for Driving Sales Online

The process of making a purchase is mentally draining for most consumers. For this reason, businesses should make it as easy as possible. However, so many businesses provide too much information, which could turn the potential buyer away. It is natural to want to include every feature, but is it really helpful?

In this video broadcast, Abby Johnson explains how less is sometimes more in terms of descriptions and features. In other words, you don’t want to give a potential buyer so much information and drive him away. Instead, a business should provide its most prominent features and those that set it apart from its competitors.

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NRF Sees Solid Improvement In Retail Sales

By Doug Caverly – Mon, 05/17/2010 – 2:06pm.

Nice year-over-year gains recorded in April

However many other reports and statistics you’ve seen regarding the economy in April, here’s an additional set to take into consideration: the National Retail Federation has found that U.S. sales improved by a significant amount on both a month-to-month and year-over-year basis.

National Retail  FederationThe NRF thinks sales increased 0.5 percent since March of this year, which isn’t bad given the kinds of decreases everyone has grown to fear.  But it also believes that an increase of 4.6 percent occurred since last April, which is quite impressive.

Rosalind Wells, the NRF’s chief economist, said in a statement as a result, “Spring shopping and seasonal weather helped boost sales last month.  Spending on discretionary items had fallen by the wayside these last few years and we are encouraged to see consumers dipping into that pot once again.”

Specifically, building material and garden equipment stores experienced the biggest increases in sales, with health and personal care companies following not too far behind.

Hopefully the data concerning May will follow a similar pattern, even if the weather has seemed a little iffy in a few parts of the country as of late.