We will be following up with each and every person we met at the show, however please understand this will take some time. We have a low pressure sales approach, so we won’t be bugging you with lots of follow up phone calls. If you are ready to go and want to get started on your e-commerce website or marketing right away, don’t hesitate to drop us an email or phone call.
We look forward to serving you in the future. Please stay tuned as we will be updating you with more information regarding our products and services shortly.
]]>How Minimum Advertised Pricing Impacts Your Retail or Online Store’s Marketing Efforts
by Caron_Beesley, Community Moderator at www.SBA.gov
If you run an online or retail business, did you know that you might be prohibited from advertising a manufacturer’s products below a certain minimum price?
Minimum advertised pricing (MAP) policies are particularly critical to manufacturers who sell their products for online resale, given the ease at which consumers can now conduct online and mobile price comparisons. MAP policies are also established to help small businesses compete and sell on service and value, rather than entering into a price war with cost-cutting big box stores.
But how legally enforceable are these minimum advertised pricing policies and, as a small business owner, is there a way to get around them in your sales and marketing practices?
The Truth About Minimum Advertised Pricing
Minimum advertised pricing only relates to “advertised” pricing and is perfectly legal under U.S. antitrust statutes. So, essentially, you are limited to advertising MAP-protected products at a certain price, but you can sell these products at any price you choose (often guided by the Manufacturer’s Suggested Retail Price or MSRP).
What Does this Mean for Online Businesses?
Under typical MAP agreements, online retailers can’t “display” any prices that fall below the MAP price. But which part of an online store actually represents advertising display space has caused quite a bit of controversy. For example, say a product is listed on a site for $10. Once a coupon code or other incentive is applied, the actual shopping cart price could come down to $8. Is that still considered “advertising” since a transaction technically hasn’t yet occurred, or is it a commitment to buy and outside the scope of a MAP agreement?
The difference between an advertised price and an actual price that you may be charged has come under scrutiny by U.S. Circuit Courts and FTC rulings, which tend to agree that an actual price displayed in a secure/encrypted shopping cart isn’t subject to MAP – because it’s technically not advertising space, but represents an actual storefront. So in an online world, an actual price may legally end up being a lot lower than the MAP-required advertised price.
In fact, manufacturers are often advised to focus their MAP policies on advertised prices in paid search ads, shopping comparison ads, and internet landing pages but not in shopping carts or other point of sale interfaces.
Look for Alternative Ways to Discount
While it’s not always advisable to lead with price in your marketing efforts, look for other ways to attract customers without breaking any MAP agreements. For example, many manufacturers are okay with your offering free shipping, coupon codes, or a “buy-one-get-one at a discount,” if MAP doesn’t protect that other item. Essentially, as long as the dollar value of the MAP-protected product isn’t reduced, then you are okay. Be careful with coupon codes. It’s safer to advertise the coupon—not the product that it can be applied against—so as not to imply that you are advertising the MAP item at a reduced price. Instead, be clear about what items are excluded from any coupon code promotion.
The Bottom Line
If you are unsure about how your online advertising and marketing practices may border on breaking any MAP agreement you have with a manufacturer, talk to them or consult a legal attorney. Manufacturers do monitor their dealers for potential violations and the law is constantly in flux on this one, so do your due diligence.
For more information about the legality of MAP policies, check out the Federal Trade Commission Guide to Antitrust Laws.
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Take the time to put some new pictures or graphics or announcements on your home page. Big players in the e-commerce game do this on a daily basis. Work on those product descriptions. Make them sharper and stand out by adding images and providing uniquely written content. Think like the sales person you are and make your products attractive to your customers. Take the time and make your presence known on social media outlets and on various forums. If you do these things on a daily basis and you will have a significant impact on your sites performance over time. Give people a reason to come back to your site. Make them want to. You want them to ultimately check your site like they check their email or Facebook page. If you become complacent and NEVER change anything then people will become bored with your site and will not think to return to it. You have to make your site look lived in. If it is all crickets and cobwebs people will not return. Take the Google Doodle for instance. Do you think Google is doing this because it is fun. The answer is no. They are just giving folks one more reason to return and use their search engine.
In summary spend time better and do what needs to be done to make you a success. The faster you do this the faster you can hire some people to handle these things for you. If you sit back and do nothing then you should expect nothing in return. Once again I remind you that Outdoor Business Network is here to consult and hire for all of your marketing and optimization needs. 1-800-699-0820 sales ext 1.
]]>1) Google loves video. Video is a definitely a trend we are seeing to promote products, goods and services. Keep in mind that Google owns YouTube so that can bode well for search results
2) Google loves to see Google analytics in place and that your site is being monitored from time to time. In the e-tail world though you should be in there many times a day.
3) Google rewards real time updates through social media outlets such as Twitter and Face Book. Relevant links and keywords to your site are what is key here.
4) Google maps can be a good thing on your site too. This is particularly important when it comes to driving your target audience to a physical store location
5) Google loves a blog. This is another great way to tie in links and keywords with your site.
6) Google loves content. Not just any content but new and fresh content. Changing up a news section on your home page from time to time is a good thing. You may also want to consider adding some downloadable content perhaps in PDF format to allow users easy access to information.
7) Google loves tags. Well written keyword infused meta descriptions will serve you well when your site is being crawled for pertinent content.
8) Google loves links. Many text based links over time in a consistent manner are an important piece of the Google puzzle. Getting other reputable sites to link to yours is a huge advantage.
9) Google loves traffic. As I said in a past blog. Traffic is rewarded. Getting that traffic there in the first place is the challenge but once it is Google recognizes and rewards the effort.
10) Google likes consistency in your site. Ensure all your links go somewhere as broken links are simply put bad.