How easy is it to sell online?
We see websites all over the place that sell something or the other. Anything that’s available in a real world store (well, almost) and more (digital assets) are available online. If making money from Ecommerce or other ways online sounds thrilling to you, then you might have taken a few minutes to search on Google for phases such as “make money online” or “online website business” or “sell shoes online”. Try any of these searches and you’ll find thousands of websites and programs that claim that making money or selling online is the easiest thing to do. Many will even show you pictures of their checks and some will go as far as giving you a 110% money back guarantee to buy into their money-making idea. So, given all that, here’s the million dollar question - Are all of them really making money?
Our experience (and several studies, btw) show that it’s not as easy as it seems. Take Ecommerce sites for an example.
Ecommerce websites: Putting up a website with valid products might not be an easy task by itself but if you are tech-savvy or know someone who is, that part can be done. Which is why you see thousands of sites selling stuff. Are they making money? We know for a fact that many aren’t. We get approached by Online store owners that have a site that does ZERO sales after months of promotions. It truly is not easy to sell online. On the other hand, we have promoted many sites that do thousands of dollars in sales every day. What separates the profitable ones from the others is mainly 2 things.
a. Smart Online Market Research: There are several tools that help you analyze what people are searching for. Google Trends, Google Keyword Tool, Ebay Keyword Analyzers such as TeraPeak, and many more. Analyzing online consumer behavior is key to selecting a product that has a chance of succeeding.
b. Product differentiation: Choosing a product that differentiates itself from the competition is a time-tested marketing concept for success. It applies online even more so. Online, why would someone buy from maryselectronics.com when the exact same item is available, often cheaper, at amazon.com? On the other hand, if you were maryspinkelectronics.com, now you stand out and may be you’ll have an audience that is looking for your products.
c. Intelligent Marketing: Offline, location is critical. If you have a store on a busy intersection, you will probably find people stop by without any marketing. Online, there is no such thing. There are over 3 trillion web pages and yours is just one of them. Promoting your site at the right places and targeting the right keywords for search optimization are ESSENTIAL.
Keeping these three principles are likely to ensure a much better chance for success for your website or online store. Now go online and look at stores out there. How many of these do you think are doing all three? You willl be surprised - not even one out of 10. There are too many domains out there that don’t have a site on it. There are many sites that have no visitors and many visited sites that don’t make any money. It’s not an easy thing, which is why if you really think you have a good product to offer online, consult with a good online marketing company to help you sell it. Making money online is possible and thrilling, but that does not make it easy.
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