Learn How to Achieve Internet Success

Dale Carnegie, Sheba Blake

• Publisher: Sheba Blake Publishing
• Year: 2019
• ISBN:
  9783965445727
• Topic: Betriebswirtschaft
• Subtopic: Business allgemein

Online sales have now reached in excess of hundreds of billions of dollars with professionals predicting more rapid growth with each passing year! The key to starting and succeeding in your online business is knowing how not to fail!For Dopes Publishing is here to help make difficult topics easy to understand. We help everyone be more knowledgeable and confident. Whether it's learning about complex business topics, spirituality or building your self-esteem; people who rely on us, rely on the information we provide to learn the critical skills and relevant information necessary for success.So, join us on our journey of self-improvement!

1

How is Technology Beneficial to you when selling Online?

One of the reason the internet has grown in popularity as a medium for conducting business is the fact that it can allow you to have an easy access to millions of shoppers worldwide. Moreover, because of its global reach an online business can literally be open for 24 hours a day every day. This is tremendous firepower in business and if utilized in the right manner it can help you reap serious rewards.

Admittedly, technology has its limitations as it cannot possibly guide you on tough decisions such as the kind of business to be in, the services to offer, products to sell, or how to manufacture your products in an efficient manner. However, what it can do is offer you with the capacity to present your products to a huge number of prospective customers online and simplifies the process of getting money from the customers’ pockets into your own.

In business there are a lot of tasks that are mundane but are important to the business, quite frankly if we all had a choice we would prefer not to do them. Luckily, with automation you have this choice and you can now free up a substantial amount of your time and devote it towards performing more important tasks in your business.

Each and every day, there are millions of shoppers that visit online market places with the intention of finding the right product for them to buy. There are businesses that have already set up their structure to meet this demand and they are moving tons of products already. This goes to show that there is a lot of potential in selling products online.

If you have already come up with your business model and have products ready to sell, there are a number of sizeable market places which provide you with the opportunity of uploading pictures of your product and commence selling them on the spot. Examples of some of these marketplaces are Facebook, Amazon, Alibaba, Etsy, and many more. The benefit of these sites is that they are capable of matching the overwhelming demand with the appropriate product. Therefore, you will always have a market for your goods thus enabling you to move them that much quicker.

These kinds of marketplaces are great as they provide you with an easy opportunity to market your products online. However, they are not always free and this will eat into your margins. Furthermore, it takes out a little bit of brand image when you use third party marketers.

Your business stands to benefit greatly if you are able to create your own e-commerce website.

How this can be achieved will be discussed in detail much later.

2

Rationale of Developing your own ECommerce Store

Here you need to ask yourself one important question. Consider the average online shopper that is looking for a specific product but wants the best value for money. Then why would this shopper who is browsing for products on Amazon or eBay purchase your product when it looks almost identical to that of your competitor. You see what these storefronts do is that they arrange their products much like any regular physical store would; according to the category of the product. Coupled with the search function that makes items easier to locate, there is a very high likelihood that the shopper will not see the difference between your product and that of the competitor. The purchase decision will probably come down to mundane things such as color or what is cheaper. Therefore, if you truly want to be successful then you need to consider having your own online store. This will help your product stand out from the crowd and also give your product a sense of authenticity.

Admittedly, it would be simpler to set up your own website and sell your product directly using Amazon, Facebook, Etsy, Alibaba or eBay. In fact, in the recent past these sites have focused on simplifying the task for the average user. There are many benefits to using these sites as they have a greater reach than your starting online store would probably have on its own. However, the most common mistake beginners make is that they rely almost entirely on these sites to run their business. For example, the Algorithm that is employed by Amazon to allow the users to search and find different products is in a state of consta...