Identify opportunities for site traffic growth and user retention within the confines of zero expense marketing.
Actionable Items
Full site functionality evaluation to maximize user-friendly environment
Increase depth of site exploration by new users
Provide consistent format for returning users
Increase novelty of content to create an experience based site that provides pertinent information
An information based format is out-dated, easily replicated and lacks a sustainable competitive advantage
Creating a unique user experience generates maximum user retention and stimulates viral marketing without any expenditures beyond site development
Refine the business model for the entire site
By combining the user experience with exceptional value the site is able to diversify its business model beyond user generated revenue (advertising and opt-in purchases)
Refine the business model (cont)
Multiple stream revenue models are better insulated against changes in the market
Modifying the business model to provide additional value will have the added benefit of increase site participation and consequently user retention
Identify strategic partnerships
Partnering with entities that provide complementary content further strengthens the three essential areas: the user experience, user retention and multiple revenue streams
Seeking mutually beneficial relationships is efficient, cost effective and provides the growth necessary for new user acquisition
By selecting partners that reinforce the site benefits it furthers the user experience, which will lead to increased user retention, consequently strengthening the viral marketing at virtually no cost to the business