Web weaving is an effective e-retail strategy
Wednesday, March 28th, 2007In earlier post (Landing page and Adwords) I was complaining about the landing page of an university website which fails to encourage the visitor’s stickiness. Also made another discovery which I forgot discuss was “Web Weaving”. Mentioned university was targeting “meditation” and “Practice Meditation” keywords to drive traffic from google adwords. Unfortunately the visitors directed to very generic web site which details the list of online courses it is offering. Study on Transcended meditation is one of them.
My argument is, people with a specific issue, seek help only to resolve their current problem. They will not be interested in resolving other related issues until the current one is resolved. In other words, the website must be more customers focused. For example, rather selling all the women wears in single website, creating unique site for each type of women wear (say one website for panties and one for cat suites) will generate more sales. Such focused websites on specialized product, will spawn the “made for me” feelings in visitor mind. Also satisfy their perceived feelings and emotionally attach the customer with web site.
Creating multiple sites on specialist Niches of similar product which are inadequately serviced by other retailers or firms can be called “web Weaving”.
Based on “Web Weaving” theory each new website development increases the organization fitness and capability to respond to the market opportunities, bridging the strategic gaps to reach their business value. By delivering new web sites over the period,
Provide valuable market knowledge, experience and additional revenues.
Advantage of “Web Weaving”
Investing on multiple Niche focused websites, effectively shelters the firms from dynamic competitive environment. This also help to spread the risk across the web sites and allow firm to recognize and respond positively to new trends and emerging opportunities.
Moreover, “Web Weaving” allows financial consolidation - a key issue for all start up dotcom companies. Because firms operations will be effectively integrated across multiple online stores and web sites.
“Web weaving” can also be called e-portfolio, since classic portfolio strategy is about distribution of limited fund on selective stocks. So, risk will be spread and returns will be derived from multiple resources.
“Web Weaving” strategy will be very effective on online retail stores.