Design and Launch an Online Boutique in a Week(0 customer reviews)
WWW.(Your Online Boutique).COM
Wouldn’t you love to own your own trendy boutique a hot spot that showcases your unique style? Do you daydream about selling your signature products to high-end shoppers? Your dream is just a few clicks and one week away!
Whether your taste is classy and elegant or hip and unique, there’s a spot for you in today’s largest retail center the internet. In just days, build your posh, online boutique selling luxury, designer goods or your own upscale, signature products. Learn how to handle and showcase inventory, reach affluent shoppers, fulfill orders, accept payments and so much more using turnkey solutions that require no technical skills!
- Discover your high-end, signature product
- Design a professional specialty-retail site using inexpensive, turnkey solutions from established companies like Google, Yahoo! and Go Daddy that require no programming or graphic design knowledge
- Create eye-catching content that captures elite shoppers and keeps them coming back
- Use foolproof online tools that work 24/7 to handle payments and accept orders
- Drive traffic using search engine optimization, new media marketing and other marketing and advertising techniques
- Skillfully handle inventory, order fulfillment, customer service and all other operations
Stylish, unique, one-of-kind–turn your personal taste into a successful, online store–in just a few clicks and a few days!
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As shoppers flock to their computers instead of driving to the mall, entrepreneurs with e-businesses can make a hefty sum.
OK. We all know we are experiencing less-than-stellar economic times. While there is no official "recession," every person you probably know is watching his daily spending and cutting back wherever possible.
Since money may be tight, is it really a good time to start an Internet start up?
You bet. Why? For starters, Internet startups have low startup and overhead costs. Startup costs can be as low as $3,000--thanks in part to inexpensive, yet robust e-commerce software and services on the market today What's more, the business can be set up in a home office and attended to at nights and on weekends, allowing new entrepreneurs to keep their day jobs. In addition, many budding netrepreneurs can set up their online businesses in under one week.
Another reason Internet startups could be lucrative even in a down economy is that online shopping is growing. In the first quarter of 2008, revenues generated by online-based businesses (and the online aspects of traditional retail businesses) were $32.4 billion, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, according to the U.S. Census Bureau (census.gov). That tally is up 13.4 percent from results for the third quarter of 2007.
In general, e-commerce is the bright spot in the retail world today.
"Online retail continues to grow at a pretty nice clip," says Jeffrey Grau, retail e-commerce senior analyst with eMarketer. "If you look at total retail sales, annual growth is in the low single digits. However, the online channel has been growing in recent years in the low to mid-twenty percent percentile change." While Grau warns that the economic downturn is slowing down e-commerce sales somewhat, "online sales are still growing at triple the rate of store sales, so it is still a very desirable marketplace."
And, more and more online shoppers are turning to the Web to shop instead of paying gas to go to the mall.
A new poll conducted by RetailMeNot.com, an online coupon Web site, found that nearly 9 out of 10 American consumers have been forced to make adjustments to they way they do their shopping as a result of high gas prices.
The poll asked visitors to RetailMeNot.com, "How have high gas prices impacted your shopping habits?" More than 1,000 consumers responded, and the results follow:
Forty-five percent said they I plan my shopping trips together to use less gas Forty-two percent said they shop less Twenty-tow percent said they do as much shopping as possible online Eleven percent said there was no impact
Of course, whether or not the economy is bad, there are some best practices to keep in mind when opening up an online business. Here are a few of them, according to eMarketer's Grau:
1. Have a niche or focus on a specialty category. Since you are essential competing with box box retailers like Walmart or Target when you enter the online retail space "be sure you have something niche-oriented, such as fashionable maternity wear or urban street ware," says Grau. "Or focus on a specific category, like shoes, but that's all you do. But offer great custom service, such as making it easy to return shoes."
2. Offer an innovative marketing technology. "A good example of this is Diapers.com, a small Web retailer," says Grau. "They are very successful in part because they have an innovative referral program where if a Diapers.com customer refers somebody else to the company--and the person who was referred comes to the site indicates that they are there because of the original customer--that customer gets a discount. That is one way they have built up their customer base." Grau also says Diapers.com has some packaging innovations that enables it to cut down on the shipping costs of diapers. Finally, the company is innovative in its focus on convenience; it makes it easy for young parents to have diapers delivered to their door without having to make a midnight run to the store because they are out of diapers.
3. Keep pricing in mind. Even if you are selling a niche product, always keep pricing top of mind. "You are never going to compete with big box retailers on pricing, but perhaps there is a promotion or value-added program you can offer that helps people deflect that or takes their minds off of pricing."
Having a unique product, an innovative marketing technology, and a promotion to help customers deflect prices are all important business strategies during a recession because "people have less discretionary money to spend," says Grau. "As a result, it is all the more important for e-tailers to focus on strategies that keep their customers coming back."