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MERCHANDISING: TURNING BROWSERS INTO BUYERS.


Despite the buying frenzy Frenzy
Beatlemania

term referring to the Beatles’ (rock musicians) immense popularity; manifested by screaming fans in the 1960s. [Pop. Culture: Miller, 172–181]

Big Bull Market
 that occurs on a few auction and day-trading sites, most Web stores actually have a hard time creating a sense of urgency. Customers know it's easy to come back later or to visit competing sites; there's no cyberspace Coined by William Gibson in his 1984 novel "Neuromancer," it is a futuristic computer network that people use by plugging their minds into it! The term now refers to the Internet or to the online or digital world in general. See Internet and virtual reality. Contrast with meatspace.  equivalent to "We've driven ten miles to get here, so we might as well spend our money now."

To give buyers a nudge nudge 1  
tr.v. nudged, nudg·ing, nudg·es
1. To push against gently, especially in order to gain attention or give a signal.

2.
 toward the cash register, Web store managers have developed a variety of merchandising merchandising

Element of marketing concerned especially with the sale of goods and services to customers. One aspect of merchandising is advertising, which aims to capture the interest of the segment of the population most likely to buy the product.
 tactics:

* Trialware: Try-before-you-buy downloads have become an especially effective way to close sales. Ulead Web site producer Joe Leitenberg says his WebUtilities site generates "several thousand" trial downloads a day, many of which turn into high-margin sales when customers decide they want to keep using the software. Leitenberg has found that short trial periods seem to produce the best results; currently, Ulead's trial downloads time out after just 15 days.

* Bestseller lists: Most reseller An organization that sells hardware and software to the general public. Resellers purchase products from software publishers and hardware manufacturers.  sites (including Beyond.com, Buyonet, Chumbo.com, KBkids.com, and SmarterKids.com) now include a prominent list of top-selling titles, and it's not unusual for sales to rise by a factor of five or ten as soon as a product hits the list. Bestseller lists have less impact on sites hosted by individual publishers, but a few publishers (notably Corel) use these lists to suggest that their titles have exceptional sales momentum. (Showcasing a product on the home page even without a best-seller ranking will increase sales by 10%-15%, reports Lotus Web store manager Jim Gerace.)

* Giveaways: "Free" is a potent word in retail, and giveaways usually have more impact than an equivalent reduction in price. The KBkids.com and SmarterKids.com sites both advertise free shipping on orders over $30, and KBkids.com sweetens the deal by handing out free Pokemon cards. Airline frequent flyer frequent flyer Hospital practice A popular term for a Pt who is regularly admitted to a particular ER or health care facility, for various reasons  programs are another model for giveaway merchandising; Buyonet's Buyobonus Club rewards customers with "bonus coins" that can be traded for later product purchases.

* Pre-release offers: Perhaps because vaporware Software that is not yet in production, but the announced delivery date has long since passed. At times, software vendors are criticized for intentionally producing vaporware in order to keep customers from switching to competitive products that offer more features.  announcements are so notorious So NoTORIous was a sitcom on VH1, loosely based on the life of Tori Spelling. The series debuted on April 2, 2006 and despite lasting only ten episodes, received substantial acclaim from critics. , publishers often forget that at least some buyers want to be first in line to buy new products. To satisfy the early birds, a few Web stores start selling downloadable versions as soon as a new title goes to manufacturing, in effect adding a month or more of pre-launch sales. Similarly, at least two resellers, Chumbo.com and Beyond.com, encourage customers to pre-order new titles. This is a risky tactic if the ship date isn't rock solid, but pre-release offers are otherwise a good way to take advantage of publicity and reviews that appear before a product has reached distribution channels.
COPYRIGHT 1999 Soft-letter
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Internet/Web/Online Service Information; the strategies used by various web shopping sites to increase sales
Publication:Soft-Letter
Geographic Code:1USA
Date:Oct 15, 1999
Words:433
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Next Article:ORDER PROCESSING: TREATING THE "LOST SALES" SYNDROME.(software vendors work to reduce sales lost in the online ordering process)(Industry Trend or...
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