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Volume #5, Issue #2

Client Spotlight

Design a Website Customers Really Use
Travis Horton, Executive Vice President of Ohio-based Riten Industries, says, "We are 3 times the size we were 5 years ago. 50% of our growth has been due to new customers finding our website and having a great buying experience."

Riten's goal was to create a website where users can draw their own tools. About 40% of Riten's business is custom tooling.

Developed by the Web Solutions team at ThomasNet, Riten's website features an online catalog and a CAD design tool which allows users to create custom tool drawings. Adds Horton, "Because of the CAD technology available from ThomasNet on our website, we find that 8 out of 10 of those inquiries become orders."

View a video testimonial from Riten Industries on ThomasNet.com.

Read more...

Expert's Corner

Use Online Video to Help Your Website Sell for You

By Rita Lieberman, Director of Marketing Communications
for ThomasNet


It’s a fact. Online video has taken off and is here to stay. According to ComScore, the viewing of online videos in the United States totaled 12.7 billion during November 2008, a 34% increase over the same month in 2007.1

How can video help your website increase sales, bring in more leads, and provide better customer service?

With potential customers coming to your website to find out about your company, it needs to convince them that you have what they need without any direct contact from you or your sales force. You need to do the best job of “showing and telling” the benefits of buying your products or services.

In addition to detailed product information, online video can demonstrate your expertise in the marketplace in a familiar and entertaining format.

Read more...

Strategic Sourcing - Getting into the Buyer's Mindset

Steve Belli shares ideas on how to get into the mindset of the strategic buyer. Steve is the CEO of Source One Management Services, LLC, a Procurement Service Provider (PSP) which provides strategic sourcing services to organizations, ranging from $100 million to the Fortune 100.

Steve, what is strategic sourcing?

Strategic sourcing is a process in which the skills of the supply industry are harnessed in order to optimize a buyer's sustainable competitive advantage for their business, as well as their final consumer. The main focus is on the development of a secure and responsive supply base with the capabilities of meeting current and future business needs. Companies ("buyers") may engage in strategic sourcing whenever a purchase needs to be made in the marketplace - especially when the purchase is repetitive in nature.

Many of our readers are suppliers marketing to industrial buyers. Based on your experience, what are buyers really looking for when they are sourcing?

High quality, sufficient quantity, reasonable costs, easy-to-use technology, great flexibility, quick delivery, and excellent customer service are key factors considered in the selection of a qualified supplier. This is where strategic sourcing offers many benefits.

It allows companies to reduce costs, allocate and focus their resources correctly, and also establish long-term supply relationships when appropriate. Strategic sourcing gives both the buyer and the supplier the opportunity to have their needs and desires considered and assessed.

What can suppliers do to gain the attention of buyers in the marketplace?

At Source One, when we help buyers engage in strategic sourcing, one of the first things we recommend is that the company look at its spend categories and classify them into four different groups: tactical, leveraged, critical, and strategic.

Let's look at each classification from the buyer's perspective and see what a supplier can do to differentiate their offering in the marketplace:

Read more...

1 second

According to website usability expert Jakob Nielsen, response times on our websites must be “less than 1 second for navigation to feel seamless.”

Navigation response times above 1 second mean that website users are “more likely to leave, because the slower a site is, the more unpleasant it is to use."

Click here for more details.

News

The Value of a Unique Value Proposition
“Every landing page needs one [unique value proposition],” says Bryan Eisenberg on grokdotcom.com. He adds, “How strong is your unique value proposition? It could be the key to a better conversion rate.” Read more...
Write Sales Copy for Website Conversions
On SearchEngineWatch.com, Tim Ash writes, “We've found that changing your approach to writing can often lead to a double-digit increase in conversion rates.”
Read more...
Twitter 101
In the Wall Street Journal, Katherine Boehret says she “put together a basic Twitter guide that explains how to use it, Twitter lingo, privacy options, mobile applications that can be used with the service and problems that it has.” She adds, “Let's get started.” Read more...
More News Readers Drop Print Media for Digital
The Internet now surpasses most media (except TV) as a source for news. A recent article on eMarketer reports, "In yet another sign that news readers are dropping print for digital, the Internet has now surpassed all media except television as a news source."
Read more...

If you'd like to get your own subscription, please click here .

Have questions or comments? Feel free to e-mail us at IndustrialMarketer@ThomasNet.com.



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5 Penn Plaza, New York, NY 10001. Phone: 212.629.1156

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