Products for a Successful Web Business

There are F words in business. We have seen many small businesses on the internet flourish and fulfil their dream, but sadly we have seen some flounder and fail because they had the wrong product.

To be successful in a new business:

  • Choose the right product or service.
  • Learn everything there is to know about the product or service.
  • Price it well.
  • Arrange reliable delivery.
  • Get a customer friendly website.
  • Get found at the top of search results.

    In this article we discuss choosing products for the purpose of selling them on the web.

  • Consumables:

      Products that get used up and need replacing create repeat business. e.g:
      Razors cost little but the blades wear out and need replacing.
      Printers are often sold at a low price, but their cartridges always need replacing.

      Good service in delivering consumables generates repeat business.

      This applies to compatibles as well as brand-name products.

      The most successful among our websites in this group sell printer inks and toners.

  • Books, CDs, DVDs:

      If people know the item and it's authors / producers, they won't mind buying it on the internet, if price and delivery is competitive.

      If the item is a self-published book, CD / DVD, then people need to be able to inspect it before deciding to order it.

      The most successful among our websites in this group sell known text-books.

      The least successful offered home produced CDs

  • Artworks:

      Prints or reproductions of known artworks can sell on the internet, provided there is a money-back guarantee if the customer is not happy with the quality.

      If the item is an original by an unknown artist, then it's very difficult to display its quality on the web to the point of persuading a customer to order it. Most people would want to personally see the actual artwork.

      The least successful in this group offered original oil paintings.

  • Brand Name Products, Parts, Accessories:

      If they are brand-name items with a manufacturer's guarantee, then provided price and delivery is competitive, these are the basis for most successful businesses on the web, regardless what product.

      People know exactly what they are getting, and receive a guarantee.

      The most successful among our websites in this group sell computers, parts and accessories, followed by perfumes.

  • Services:

      Breaking into a service market is very difficult. Exact details of the service offered must be provided on the website.

      A service business often needs to get established and get the first few customers to provide testimonials, before business from strangers flow in.

      The usual rules of competitiveness and reliability count very much towards success in the service industry.

      The most successful of our service website clients provide wedding cars, followed by landscaping, then financial services.

    Supply:

      Get a binding agreement with a reliable supplier, and ensure the supplier also benefits from selling through your business. We know one business which closed down after their overseas supplier started selling direct to their customers.

    Conclusion:

      As mentioned at the beginning of this article, other factors must also be present to ensure a successful business, but choosing the product is the first make or break factor in starting a business.

    More information for small businesses can be found at platypus websites - www.platywebs.com.au

    Ken McKay designed his first website in 1997 and, through Platypus Websites, has been building commercial websites since 1999.

    In The News:


    Canada.com

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    ZDNet - Oct 8, 2008
    Now, YouTube has partnered with Amazon and iTunes to to incorporate an e-commerce element into its video pages. The idea is that, with a click, ...
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    MarketWatch - Oct 8, 2008
    We will continue to focus our products on reducing the dealers' overall technology spend while increasing their ecommerce sales," concluded Mr. Lucas. ...

    AuctionBytes Blog

    Pink-Slip Monday for Ecommerce with uBid, eBay Layoffs
    AuctionBytes Blog, MA - Oct 10, 2008
    ... electronics, supplies and toys for the kids. But shoppers - like venture capitalists and ecommerce firms - are being smarter with their dollars.

    Baidu Names Its Ecommerce Platform as Youa
    Trading Markets (press release), CA - Oct 10, 2008
    Li Mingyuan, general manager of the ecommerce department of Baidu, says that the Chinese name of Youa is easy for Chinese to remember and the English name ...

    iEurope Capital Sells Hungarian Ecommerce Co.
    Private Equity Hub, MA - Oct 10, 2008
    iEurope Capital has sold Hungarian ecommerce company Vatera.hu Kft to MIH Internet Europe BV, a subsidiary of Naspers Ltd. No financial terms were disclosed ...

    Infopia Announces Addition of Over 100 New Customers
    MarketWatch - Oct 9, 2008
    Easy on-ramping and fast results from Infopia Storefronts, eCommerce operations and customer relation management (CRM), have been a particular draw to many ...

    Site Search, SEO and Email Marketing Ranked Top Three E-Commerce ...
    MarketWatch - Oct 6, 2008
    SLI Systems' "Trends in E-Commerce" Survey 2008, conducted in conjunction with online survey provider Zoomerang, found that nearly all of the participating ...

    Forrester offers tips on selling execs on an e-commerce platform ...
    InternetRetailer.com, IL - Oct 9, 2008
    Nearly one in four web business managers is considering a major e-commerce platform upgrade, and now is the time to make the pitch for funds to management, ...

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