Online business can be an option for a housewife who wants to have their own business at home. This choice is correct due to new business with not too much capital, online channels can reach a wider market. Choices the type of business to be brought online are so many.
Many success stories of those who have had an online business. The most important step is to conduct research on the internet how they who have been success are running their online business.
Here are some tips if you want to establish businesses that will be undertaken with the online.
1. Pick the goods or services that have a high demand from prospective buyers.
2. It is recommended to choose items that are not inventory
As a beginner, save a lot of stock at risk of losing money, because the goods are not necessarily purchased. Show some examples of items and pictures, then if one is interested you can buy them from your suppliers. As a beginner, this is one safe way to explore how much of a market on the value of an item.
3. Has a universal(global) market
It is better if you choose a product to be marketed, not just at the point of sale only locally but also overseas market sector needs. Internet can reach out to all corners of the world. So look for items that are also interested in overseas markets.
4. Higher margins earned
If we can sell on customer trust, serve wholeheartedly, honest and can define the product to be sold clearly then the buyer will come back to us. Customers will be loyal and not be concerned about a price if you can guarantee what the customer satisfaction itself. Customer satisfaction will make them to transact more and not so concerned about the price.
5. Starting from a minimum capital
With online sales system, then the cost of expenses such as space, staff, electricity, etc. will not make you dizzy because it requires a little capital. Start to create (or find) a unique product that can generate a large income. Then focus on its marketing strategy (site,promotion,publicity,ads,seo,etc).
Tips on Increasing Sales Turnover in the Midst of Competition
7:17 PM
marketing
Imagine if you open a business in the mall -which is quite a lot of competitors- How to increase sales turnover in the middle of this very high competition?
One way to increase the turnover of the business is by adding unique value to what we offer. I know that in some fields, competition is so tight. Even with the tough competition we have a challenge to be more creative and innovative in offering our products to the buyer. And look for what could be added value to the products we sell.
In selling one unit of product, the buyer can compare with other stores so that they look for the cheapest prices. Approach by providing low prices can be done if we have a large capital. Price war will eventually make our business in a difficult position.
So we need something else to attract buyers and make them come back to buy products from us. The sale price may be similar to other stores, but that distinguish is the added value that we provide. Additional promo for the product will make buyers prefer to buy products that we sell than from the next door.
Make a difference with other stores and thus be an added value for our store. The added value could have provide additional benefits, such as providing a longer warranty, for example if another mobile phone shop just give 1 year warranty from the official warranty, we can provide an additional 3 months warranty, which warranty service from our store. Alternatively, if other stores can only served if the customer comes into the store, then we can make a difference by providing a FREE service delivery. Or give the money back guarantee as well if the phone is not in accordance with the customers want.
Include the value added in front of our store with a clear and interesting. But make sure that it is correct and you can keep them. Do not be like a fuel efficient car advertisements, which then sued by consumers because it does not fit between the ads with reality.
Another tip is if a buyer purchases a product, we can offer additional products (at a discount price) to provide an explanation for the benefits of the product purchased. For example if the person is buying a phone so we can offer a scratch-resistant, soft case, extra battery, card, pulses and other accessories at discounted prices. So that we get not only profit from its core product, but also the additional gains from the sale of additional products.
One way to increase the turnover of the business is by adding unique value to what we offer. I know that in some fields, competition is so tight. Even with the tough competition we have a challenge to be more creative and innovative in offering our products to the buyer. And look for what could be added value to the products we sell.
In selling one unit of product, the buyer can compare with other stores so that they look for the cheapest prices. Approach by providing low prices can be done if we have a large capital. Price war will eventually make our business in a difficult position.
So we need something else to attract buyers and make them come back to buy products from us. The sale price may be similar to other stores, but that distinguish is the added value that we provide. Additional promo for the product will make buyers prefer to buy products that we sell than from the next door.
Make a difference with other stores and thus be an added value for our store. The added value could have provide additional benefits, such as providing a longer warranty, for example if another mobile phone shop just give 1 year warranty from the official warranty, we can provide an additional 3 months warranty, which warranty service from our store. Alternatively, if other stores can only served if the customer comes into the store, then we can make a difference by providing a FREE service delivery. Or give the money back guarantee as well if the phone is not in accordance with the customers want.
Include the value added in front of our store with a clear and interesting. But make sure that it is correct and you can keep them. Do not be like a fuel efficient car advertisements, which then sued by consumers because it does not fit between the ads with reality.
Another tip is if a buyer purchases a product, we can offer additional products (at a discount price) to provide an explanation for the benefits of the product purchased. For example if the person is buying a phone so we can offer a scratch-resistant, soft case, extra battery, card, pulses and other accessories at discounted prices. So that we get not only profit from its core product, but also the additional gains from the sale of additional products.
