Global Nexchange Solutions Monthly Watch    Vol. 2 Issue 10  

 

 

 

Articles >> Vol.2 Issue 10

 

TABLE OF CONTENTS

I- Search Engine Watch
II- Webmaster Tools
III- Internet Tidbits



I. Search Engine Watch

Here’s latest result from the Annual Search Engine Awards


Outstanding Search Service
Winner: Google
Second Place: AllTheWeb & Yahoo
Honorable Mention: Ask Jeeves

Best Meta Search Engine
Winner: Dogpile
Second Place: Vivisimo
Honorable Mention: Mamma

Best News Search Engine
Winner: Google News
Second Place: Yahoo News
Honorable Mention: AltaVista News & Daypop

Best Shopping Search Engine
Winner: Yahoo Shopping
Second Place: Froogle & Shopping.com
Honorable Mention: Kelkoo, BizRate & mySimon

Best Design
Winner: Google
Second Place: Yahoo & AllTheWeb

Most Webmaster Friendly Search Provider
Winner: Google
Second Place: Yahoo
Honorable Mention: Inktomi & AllTheWeb

Best Paid Placement Service
Winners: Google AdWords
Second Place: Overture
Honorable Mention: FindWhat, Espotting & Mirago

Best Search Toolbar
Winners: Google & Groowe
Second Place: Alexa
Honorable Mention: Copernic Agent

 

II. Web Master Resources:

“Sending Out A Survey To Customers Can Double Sales”

  By Vivek Bhaskaran
Contributing Writer

We all are well aware of a simple fact in marketing – Acquiring new customers is 10 times more difficult and expensive than retaining existing ones. This is one of the fundamental driving forces behind the wide-spread adoption and interest in CRM and related customer retention strategies.

In a research study by Rice University Professor Dr. Paul Dholakia and Dr. Vicki Morwitz, published in Harvard Business Review, the experiment concluded that the simple fact of asking customers how a company was performing by itself proved to be a great customer retention strategy. In the research study, conducted over the course of a year, one set of customers were sent out a satisfaction and opinion survey and the other set was not surveyed. After a year, twice the number of people continued and renewed their loyalty towards the company in the group that took the survey.

  The research study offered a couple of interesting rationales based on consumer psychology, behind this phenomenon:

  1. Satisfaction Surveys reinforce the customers desire to be coddled and reinforce positive feelings.

  This stems from part of the human psychology that wants to "appreciate" a product or service they already like. The survey feedback loop is merely a tool to express this. The survey is a vehicle to "interact" with the company and reinforces the customer’s commitment to the company.

  2. Surveys may increase awareness of auxiliary products and services.

  Surveys can be considered vehicles of communication – both inbound as well as outbound. Most people consider surveys as a data collection exercise. When conducting consumer surveys, they can also serve as a medium for disseminating information. It is important to note a few caveats here.

  a. In most countries including the US, "selling under the guise of research" is illegal.

b. However, we all know that information is disseminated while collecting information.

c. Additional disclaimers may be added to the survey to make users aware of this fact. Ex: "We will be collection your opinion and informing you about products and services that have come online in the last year..."

3. Induced Judgments

The very process of asking people their opinion can induce them to form an opinion on something they otherwise would not have considered. This is a very subtle and powerful argument. This argument is analogous to the "Product Placement" strategy currently used for marketing products in mass-media like movies and television shows. One example is the extensive and exclusive use of the "mini-Cooper" in the blockbuster movie "Italian Job." This strategy is questionable and should be used with great caution to avoid be critically rebuked.

Surveys should be considered as a critical tool in the customer relationship dialog. The best thing about surveys is its ability to carry “bi-directional” information. The research conducted by Paul Dholakia and Vicki Morwitz shows that surveys not only get you the information that is critical for your business, but also enhances and builds upon the established relationship you have with your customers. 

 

III. Internet Tidbits

Did you know that purchases made through the internet are often free of sales taxes? The only time you pay sales tax is when the company you are buying from has an actual offline storefront in the same state as you. Did you also know that Internet Service Providers (ISPs) do not pay any of the metered phone line costs that Long Distance phone companies have to pay? That is why you can get monthly flat rate internet access or, if you are willing to accept a small advertising window on your screen during your internet sessions, FREE internet access. Both of these are incentives that Congress used to insure the quick growth of the internet.  


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Last modified: 07/27/2005