A Crystal Ball for Your Web Business


Visitors: 443

Are you considering launching an eCommerce website? If you are, you may want to take your crystal ball down from the shelf to shed some light on whether or not your business will fare well online. In reality, there is no magic to eCommerce at all, it is all about preparing, thinking and implementing your ideas and products using sound business techniques. Here are just a couple of questions to ask yourself before you get started:

1. Will you be selling a product that can be delivered economically and conveniently from the Internet? If you are unsure or answered “no” you should go back and do some more research until you can safely answer “yes” to this question. For example: if you are selling custom-made glass products that require expensive packaging and shipping costs, make sure you can still make a profit from your sales, after expenses, before starting up.

2. Do you have a desire to market to customers outside of your own geographical location and can produce a product that has a broad appeal? This was important for me when I started my eCommerce site. Although I live in a major metropolitan area, there are not many cities or towns outside of our local region. A website business has opened up global opportunities for my products.

3. Are there significant economic advantages involved with taking your business online? This is a key factor to whether your business will succeed or flounder. But, if you ponder questions #1 and #2 very carefully, question #3 should be smooth sailing.

4. Can you economically draw customers to your website? If there is any potential for your website business to require a lot of cash flow, it is with marketing. But, by careful planning and research you can find affordable hosting domains or marketing packages to reach out to the entire global markets. Or, you can do like I did and start on a shoestring (with less than $500 spent in the first year) and be willing to start a bit slower, do a little more leg work on your own, and yet still succeed as a viable online business. Make sure, however, that you are not directly competing with large companies such as Amazon.com, Priceline.com or the like as you would need a seven- or eight-digit marketing budget to compete on their level.

There is still a lot of room in eCommerce for businesses that are based on targeted niche markets built on shrewd, but solid business plans. Take the time to do some careful planning before you launch your web business to ensure that you will achieve all your goals and dreams!

Publishing Rights: You have permission to publish this article electronically, in print, in your ebook or on your website, free of charge, as long as the author's information and web link are included at the bottom of the article and the article is not changed, modified or altered in any way. The web link should be active when the article is reprinted on a web site or in an email. The author would appreciate an email indicating you wish to post this article to a website, and the link to where it is posted.

Copyright 2005, Michele Webb. All Rights Reserved.

The author owns her own website and is a member of a number of organizations for women Netpreneurs and business owners and lives in Las Vegas, Nevada USA with her two dogs. You can contact Michele at mailto:news@ebooksnstuff.com or visit her website at: http://www.ebooksnstuff.com


Article Source:

Rate this Article: 
Randy Couture vs Tim Sylvia Straight From the Crystal Ball
Rated 4 / 5
based on 5 votes

Related Articles:

My Online Crystal Ball

by: Jim Edwards (August 19, 2005) 
(Internet and Businesses Online)

Who Reads Your Crystal Ball?

by: Aidin Ashlee (July 16, 2008) 
(Self Improvement/Attraction)

A Guide To Using A Crystal Ball

by: Gary Mullen (May 16, 2008) 
(Self Improvement/Spirituality)

New Car Pricing: Looking into the Crystal Ball

by: Ali Moazami (December 05, 2005) 

The Penny Stock Crystal Ball

by: F Orokunle (March 07, 2008) 

Define Your Own Future - Shatter The Crystal Ball!

by: Edward Toupin (April 21, 2005) 
(Self Improvement/Motivation)

Does Your Marketing Plan Include A Crystal Ball? It Should

by: Debbie LaChusa (October 27, 2005) 

Procrastination and Prognostication Throw Away Your Crystal Ball and Get Into ..

by: Gloria Arenson (July 03, 2008) 
(Self Improvement/Time Management)

Confronting Conflict: How to Decide if You Should without the Benefit of a ..

by: Tammy Lenski, Ed.D (September 18, 2006) 
(Self Improvement)

Randy Couture vs Tim Sylvia Straight From the Crystal Ball

by: Jon Murray (January 27, 2007) 
(Recreation and Sports)