Optical Prism April 2020 | Page 37

Special feature healthcare providers were breached in the United Self-managed may be for you if: States alone. The estimated cost to U.S. companies in • You want to be able to have complete control over the 2019 from hacks and ransomware was north of $7.5 billion. It is wise to assume that this trend will only gain momentum. look, feel, and operation of your e-commerce solution • You are tying your e-commerce to other important aspects of your business or marketing strategies • You have the ability to maintain the platform, keep it secure, manage its updates, and ensure inventory is current and accurate Protecting Customer & Patient Personal Data A self-managed solution will have a higher initial cost of Building on the cybersecurity component, healthcare implementation but may have lower long-term costs tied businesses are required to take steps to protect their with running it compared to a fully managed solution. customer and patient data. Instances where negligence or ignorance resulted in personal information being accessed can result in massive fines. Violations of HIPAA - the Health Insurance Portability and Accountability Act - can reach $50,000 per record. Marketing Fully-Managed E-Commerce If you choose to use a third-party to power your e-commerce, such as Sightly, you are opting for a fully- managed solution. Fully-managed solutions offer a lower cost of entry compared to a self-managed option, but also come with monthly pricing models and some “If you build it, they will come”. restrictions on what you can/can’t do. That may have been true back in the “wild wild west” Fully-managed is for you if: days of e-commerce, but that is not necessarily the case • You aren’t interested in maintaining e-commerce today. In a competitive landscape, marketing is key to drive traffic to your e-commerce platform. There are a myriad of ways you can do this, from in-office word of hosting • You don’t mind losing some flexibility with respect to design or functionality mouth to the digital marketing staples - pay-per-click • You want to get your feet wet before fully committing and search engine optimization. • You want the ability to rely on experts to handle the To realize a strong return on your e-commerce technical parts of e-commerce investment, you’ll need to also invest in marketing it. To E-Com or Not to E-Com? Self-Managed or Fully-Managed E-Commerce? E-commerce can be a powerful addition to your There are two ways to run your e-commerce platform: a self-managed solution, or a fully-managed solution. Both have their strengths and weaknesses, and which is best for you very much depends on your needs. business, but it needs to be implemented properly and in alignment with your larger business goals. It is not an insignificant investment, but with the right strategy, it is one that can be a game-changer for your business. OP Self-Managed E-Commerce If you are hosting your own e-commerce solution - such as using WooCommerce connected to your WordPress website - you are using a self-managed solution. Self- managed solutions are very powerful from a technical point of view and afford you total control over your e-commerce platform. Cameron Martel is an experienced digital marketer, managing SEO and content campaigns since 2005. He currently works with dozens of eye care practices through his work with Marketing4ECPs. Cameron can be reached at www.marketing4ecps.com or [email protected]. Optical Prism | April 2020 35