Ecommerce - Making Your Bank Account Grow

Ecommerce - Making Your Bank Account Grow

Ecommerce has opened the door to many small businesses and individuals to compete on a global level with their products and services. Basically sellers look for buyers to purchase their goods online knowing that the choices and convenience it affords will tempt customers to buy.

So, what is it that sets your business apart from others?

You might be lured by so many product choices to stock your store. There are many claims to gaining quick and easy guarantees to top spots, but maybe you need to wake up and smell the coffee.

Let's assume firstly that you are at least showing up in the search engines. That way, visitors will start trickling in to your site. But what do you have to make them stay? These are the factors I see affecting most new ecommerce businesses.

Target Market: Who is your target market?

Marketing 101-, you do not have to be a guru to realize that people must have a desire in order for you to fill it. My first site was made to accommodate everything-from a pin to an anchor; but no visitors. With such a wide product base, I was targeting no specific customer group one and got no response.

That strategy also spells commercial suicide for many small ecommerce sites on the web. When you are small, how can you hope to compete on the same level as the big boys?

What you need to do is to develop a niche, one that has enough customer base, are hungry for your product offerings and have the ability to purchase. Niche Marketing is one of the new buzzwords on the net as small businesses attempt to differentiate their goods from others to create value for their own products.

Website Design

How appealing is your website? The cleaner the look, the simpler the concept, the better it works for most ecommerce sites. Are their exceptions? Sure! However, for the majority of customers, they do not and will not spend time wading through pages of worthless info to find your product. Make your products stand out. Quick and easy links from the front page directly to the product with ease of ordering.

I have gone on sites and have decided to buy only I am not able to find where to order. That, my friends defeats the process of setting up a sales site, after all if the order button is not prominent to whom or what sales are you hoping to achieve.

Make sure all sales pages have a clear order button as sometimes having it more than once increases the likelihood of making a sale.

If you cannot design your own website to be commerce friendly, even though you might need to cut costs, consider at least investing into some straightforward hosting package that gives ready made templates that are easy to customize even without HTML knowledge. If you do have the money, hire a professional, the money will be worth it.

Product Choice

For any product, you can think of there exists a niche for it. However, you need to define clearly what your product line is going to be before you begin. This has an impact on the domain name you choose to buy. Research has shown that domain names with the name of the product or service, adds additional relevance to site and improves ranking and aids in faster listing of the site on the search engines.

Therefore, if I am selling shoes for people with small feet then I can buy a domain name like www.smallfeetshoes.com. It does not sound pretty but guess what, right away you would have included probably your three most important keyword in the domain name and this will help in site listing and ranking.

Ecommerce is not really rocket science, but it does take a few hours of research in order to be fully knowledgeable about the process. If you are planning to get into ecommerce, try reading today, there are many places on the net with relevant info. Who knows it might save you from a future headache and lost cash.

Ecommerce, How much does it cost?

Ecommerce, How much does it cost?

Making profits with your existing website design or creating a new online store can be exciting, affordable and most of all; rewarding. Mmmm . . . that's what the last sales guy told me.

What is eCommerce (or selling via the Internet)? It is similar to selling through a physical building's business storefront, with one big difference: the costs for eCommerce are lower. The lower costs alone make it a lot more affordable for someone to start up a business or expand their storefront business onto the Internet.

So, the cost to do online business depends on how much time and effort you are able to put in and the eCommerce developer you choose to work with. Generally, developers should try to enable their clients to be as independent as possible in areas such as daily site updates, processing online orders, customer feedback and low or no cost (except time) online marketing.

Hosting costs are determined by: the amount of 1) server space you require for product photos, e-mail accounts, and 2) bandwidth - the more customers that visit your store, the more bandwidth you will require. Typically an online store setup may cost $15 to $90 per month for hosting.

Other costs include online store program and designing the storefront. There are many programs to choose from with some being free to some costing thousands. As with anything you buy, you do get what you pay for. Clients like to use online store setups that are easy for them to use when they need to do product updates and simple design changes. That way the initial higher cost for the client's online store will be offset by ease of use and low maintenance costs to operate over the long term.

Next we have graphical design costs, that can range from $70 for a pre-designed store template to a built from scratch setup that can cost $500 and up. If you have only a few products I would suggest starting with the pre-designed store template as the cost is low and the look is quite professional, with only a small amount of time required to input text and make some minor modifications to suit your requirements. If you have quite a few products and they are quite different from each other, you may incur more cost to develop the graphic design as each product category will have a look designed just for that category.

Finally, we need to open up the store for business: market the store and bring in some customers to buy the products. As mentioned earlier, there is no-cost marketing that can be done. For example, the site can be submitted to the primary search engines, adding the store listing to online directories that are relevant to the product or service, and exchanging store links with other sites that are similar but not direct competition.

What are we selling? When your starting out with a new product, try to stay with a unique product that is light in weight, as shipping costs are often overlooked in starting up an online business. If you already have existing products to sell, revisit shipping costs and see where you can find savings.

I find most business owners sell what they are most passionate about. Some of your present hobbies or interests could sell as the end product, as items purchased by other people. Some of the most successful online stores are a result of one's passion and desire to share their dream with others and if done logically and thoughtfully with a good web developer, can result in financial rewards at a low investment cost through an online store.

Ecommerce, Communications and the Global Internet Community.

Ecommerce, Communications and the Global Internet Community.

In our increasingly online world, cyberspace is still experiencing "gold fever", but there have been and will be many casualties. Only the innovative, responsive, financially sound and flexible will survive. Many new markets are joining the world of eCommerce; over the last 6 months I have seen a remarkable increase in visitors to my site from countries such as India. This trends means more visitors to our sites perhaps; but it definitely means more competition between web developers, etailers and other service providers.

India will be extraordinarily competitive in web development, due largely to favourable exchange rates. In Australia, our struggling dollar still favours us in securing work with U.S companies, but not to the same degree. I can see that the Internet will play a considerable role in the valuation of our currencies in the future.

Up until now, the Internet has been very focused on the U.S. By 2003, the Asia Pacific region will catch up and overtake in regards to Internet usage. While we are all busy submitting our sites to the U.S and U.K search engines, have we considered their Indian or Taiwanese counterparts? There are literally thousands of Asia-Pacific search engines and indices. Some of them will grow to be major players in the next five years.

The Western world tends to forget that we are a minority. Only about eight percent of the earth's population speaks English as the primary language. As countries such as India, Korea, Taiwan and perhaps even China open up, we will need to adapt to this change. The big players can afford to have their pages translated into different languages. For those of us without the budget, perhaps even a simple greeting in a variety of languages on our pages would encourage a visitor with limited English abilities to explore our sites. If you are going to translate your site, ensure that the person undertaking the translation really knows their stuff, as a single word misinterpreted can turn a welcome into a curse. The proper use of images and other visual cues can also assist in relaying information more effectively than English text.

One of the other ways we, the smaller companies, can welcome these newcomers without spending a cent is to drop our xenophobic reactions to "foreigners". There are no "foreigners" as the Internet is now more than ever a global community. Instead of fearing these new arrivals stealing our bread and butter, we should be seeking to establish alliances with them. We should be striving to learn a little about the culture of the emerging electronic economies. This will assist us in using the correct protocols during business dealings.

As web masters, we receive many communications via email from our "foreign" visitors. Some of these emails are, in our way of thinking, poorly worded. As an example I received a note the other day that didn't have the usual signature line of "Regards" or "Sincerely", but had one word at the bottom of the message - "Waiting". Many of our visitors to whom English is a second language struggle with email writing, sometimes appearing rude to us. Perhaps we become impatient with this and devalue the communication or ignore it.

Bad move... both from a human and business point of view.

Nothing angers me more than to have an email unanswered. I am sure most others feel the same. I have written to a large U.S Internet presence four times in the last month, without a response. It's a shame, not for me, but for them.... I was a customer with a sizeable amount of money to spend. I'll go elsewhere.... and remember my dealings with the other company... for years.

In traditional business we are taught that an unhappy customer will tell 10 others about their experience. In ebusiness, an unhappy customer can tell tens of thousands through newsgroup postings - that's well worth keeping in mind.

When we do receive communications from someone and it's apparent that they may have troubles with our language, take the time to try and understand what it is they require. This may entail several notes back and forth, but it will be worth the effort in the long run.

From the "warm and fuzzy" (human) point of view; the Internet has allowed us as a species to communicate in real time with any other part of the planet. We are no longer dependant on government propaganda to shape our views of a particular country; we can hear it directly from the people. This is a real privilege, and we tend to forget it is.

The Internet has formed the basis of my living for some time now, but equally as important, I have gained a greater knowledge of our world and more importantly - of what it is to be a human. I believe The Internet as a whole, not government or individuals, will be the driving force behind mankind finally seeing past skin colour and creed to recognise "the person".