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E-commerce: Is It Right For You? |
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| Date Added: August 05, 2004 11:59:38 PM | |
| Author: Mark Thompson | |
| Category: E-Commerce: Ecommerce Education | |
Setting up and running an online business does have several advantages over setting up a “normal†business. You can usually run it in conjunction with your current job, your potential market is bigger your initial overheads are usually smaller and you can operate it from the comfort of your own home. Once you decided that you want to enter into the world of E-commerce you then need to take a lesson from main stream business and create a business plan. The very first thing you need to decide is what type of business is right for you and then research the market. Possible businesses open to you are. An Affiliate Program An Adsense Program Selling Products With an Affiliate Program you are paid a commission for selling a companies products. You have no contact with the customer, all you do is provide sales leads to the company of whom you are an affiliate. An Adsense program is where you take an existing website of yours about a particular subject and add contextual Adverts from Google’s Adsense program. When a person clicks on an advert you then receive a few cents. There are 2 approaches to Adsense programs, build a well respected Niche site with lots of traffic the more traffic you get the higher the Click Through Rate (CTR) and thus the higher the income. The second method is sometimes referred to as the shotgun method, build lots of sites with less traffic but earning a smaller amount from each site. A $1 a day income from each of 50 sites is better than $40 from 1 site. It is worth pointing out here that it against Google’s TOS to build site specifically to target Adsense revenue. The final E-commerce method we will look at is the most similar to mainstream business, selling a product. You build a web site with a shopping cart and give as many details about the products as possible. The products can be something you make yourself, or a product you buy in bulk or a product from a drop shipper. With drop shipping you sell products which are then dispatched from a location elsewhere by a 3rd party. If all this sounds too easy it’s not. Setting up the business is just the start of it, the hard work needs to start now. You need to get traffic, the more traffic you get the higher your sales will be. In addition you need to look at the performance of your site and tweak the layout so you make more sales. You need to get your site onto the first page of Google and other search engines. You may need to write adverts and operate an pay Per Click program. In short you need to become an expert in many new subjects. If you have the drive and dedication then it is possible to make a good income from E-commerce but don’t expect to spend an hour a day at the computer and the rest of your time on your Yacht. About The Author Mark Thompson has spent a number of years traveling the World and Racing Motorbikes, when funds got low he worked as an IT consultant In London. He now lives in Spain and runs a number of Websites Including http://www.WorldoftheWeird.com and http://www.theincomesite.com. RELATED ARTICLES & TUTORIALS
This article takes you through the process and planning required in starting your own online business. What is e-commerce - Advantages and Drawbacks! This article narrates the facts about electronic business, the business over the internet. It throws light on how, both buyers and sellers can benefit from the nature of e-commerce and what are the few disadvantages associated with it. E-commerce Solution: Shopping Cart Or Web Store? If you’re planning on opening your own online store, you should make sure that you learn all about e-commerce, so that you can select the best online store builder for your business. One big decision you want to make early on is whether you want your onli How to Achieve E-Commerce Success - You Gotta Plan! ""Build it and they will come! Not! You can have a terrific site, with lots of bells and whistles and if people don’t know you exist, you never get any visitors, let alone customers."" Heidi Richards Shopping Cart Web Sites: 13 Ways to Evaluate an E-Commerce Provider There are hundreds of vendors that provide eCommerce and shopping cart solutions on the internet. Trying to figure out which one offers what you need can seem more like a roll of the dice than an edu... |
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