Just like many others, sitting in my ivory towers, i thought 'Online Marketing-What a boon for SMEs; its bound to click. How can they ignore its power'. Especially for SMEs, it is extremely useful tool giving them the power to reach a wide audience fast and cheap. It was enough to get them going and once they start making substantial profits, they could move to other form of media as deemed useful then.
So what are the barriers to the use of online marketing by the Indian SMEs?
- The very first is Inertia. Inertia to accept anything new, however useful it might be. The reason for this could primarily be the fact that online marketing takes time give results and is a long term decision which the SMEs are not able to accomodate being used to short term decision making.
- The fact that online marketing does not start giving retuns the day you start doing it makes SMEs quite anxious about the time spent on it coz most of the times it their own time.
In most cases, the problem is something else and is quite trivial which when solved makes your online marketing initiative profitable.
- Cost involved which would include either the direct costs of the vendor or indirect cost in terms of their own time spent is pervievably higher than the returns. Especially because the TG might or might not notice them first time and hence, doing the same thing 10 times to get attention is both time as well as money consuming.
- Online marketing is still new and not really tried and tested in India especially for the SMEs which makes it an unsure activity to put resources in.