Archive for the ‘Small Business’ Category

How Can You Develop a Product to Sell Online

Posted on Jul 30, 2009 09:41:39 PM

1.    Go for high profit margin products

The maximum number of people that went on to become millionaires was due to the internet business. Online business is the only business wherein one can expect around 100% profit. The margin of the profit that one can get during the other business is merely 20% to 33%. The original cost price of the product is around 67% – 80% is covered by the cost price. But if the product is a virtual one, there isn’t much of a cost-price or production cost (except the early investments), and as such you can expect to make a 100% profit from every sale. You can take the example of the software giants who gain 100% profit from every sale that they make. It is just the same for e-books. To order a tailormade ebook you can hire a writer inexpensively. You can check out www.writerpinaki.com and www.writer4me.com for this purpose.

2.    Target niche market rather than the general market

Whenever we experience a heart pain, we take the initiative to visit the cardiologist rather than the normal physician. The same way, it’s a not a bad idea to select a position a niche market than targeting the general market, which is often over-saturated. As you go into the niche market, which deals with just a specific range of products, the chances of you getting noticed are much higher. You must try and develop the product which is aimed at specific interest groups.

3.     High quality

While selling your product, one thing that is utmost necessary is that you never compromise on the quality of the product. Remember, the old or the existing customers and clients are your best clients. Keeping them happy with the quality would compel them to remain satisfied with the product that they receive from you. If you have around 300 customers who are satisfied with the service and the quality, you will get a steady sale from them all the year round. Therefore keep them updated with the newsletters especially while announcing your new products.

4.    Quick delivery

One might observe that the humans are highly impatient. They would want quick service. Thus, your products must be easily accessible and auto downloadable, preferably quickly downloadable…something that the customers would be able to get their hands on immediately after payment.

5. Trial version

When you deliver a trail version of the product which is absolutely of no cost to access, sometimes, there are 40 % chances that the people who get to access this, would want to purchase the original full version. Therefore, in such cases, the trial version that is, when the product has a time limit, the item needs to be downloadable then may it be a software, e-book or a mere courseware.

6.    Research

Look out and find more about the products that you need to sell online. Better if you can get the copies of the product and study them. If they sell well, then you can be assured of the plan and the product. You must try and do something related to the subject or may be the same in a different fashion. To start with, your product must be better than that product and at the same time, at a lower price than that product.

7.    Keep upgrading

If the item that you are promoting and dealing with is the one related to the software field like the e-books, constant up gradations and improvements are necessary. At any level when you stop you tend to stall your business which is the untimely death. Thus, you must upgrade the same at least every 6 months. Even a minor up gradation would work.

As you may notice, the 7 tips are neither costly nor very difficult to keep in mind. The lower versions of the software’s and the games or even the e-books can be rated around $30 for every time that one downloads.  If you have around 200 visitors every day, one can expect 3% – 5% conversions which may increase later on after the trail versions have been tried and used, which also means approximately $250 of the daily sales which sums upto about $7500 every month. If you go on at this rate, this figure would be achieved along the 4th month. Therefore, why wait, put along your best foot forward!

How to Promote Your Products and Services Online for Free Using Coupons! Generate Sales Locally and Globally for Free

Posted on Apr 28, 2009 12:54:10 AM

Are you taking full advantage of the Internet in growing your business?  Are you using proven, affordable strategies to effectively promote your business online in ways that you can easily manage yourself?  Are your customers thin on the ground?  This is how you can rake them in. Whatever type of small or medium sized business you have there are simple and effective formulas that can help your business grow.

During my on-going research NiceOffers.com is one of such vehicle that I have come across that I believe any business however big or small could benefit greatly from, especially if your business hasn’t got an online merchant account or just starting business and needs to find your feet first.  NOC introduces you to a new program that can create a flow of new customers and new sales for your business and there’s no cost to you if it doesn’t deliver result.

This marketing strategy works directly with merchants all over the world to create exciting and exclusive offers for consumers. NOC makes it easy for consumers everywhere to find great money-saving deals on specific products and services they’re looking for, while also providing a fun and exciting way to discover new and different products, services, businesses, restaurants, unusual things and more.

If you compare that to traditional advertising such as newspapers or radio where you pay upfront and hope it pays off with NOC, results are guaranteed

Here is how it works

You register free as a NiceOffers.com merchant to have your coupons created in minutes. You create coupons for your products and services – free. NOC affiliates all over the world will begin promoting your coupons (again, at no cost to you). Each time a coupon is redeemed, you agree to pay NOC a commission you decide on yourself.

In short, what this fantastic marketing vehicle does is help you create sales for your business locally and globally and if it doesn’t you pay nothing. In my opinion any fast, effective and established system that allows you to pay only for results, costs you nothing to get started, set your own terms is not to be sniffed at in this highly competitive markets where customers are thin on the ground.

If you would like to learn more about this click Here. 

 I wish you a successful money making coupon experience

 

A Boadu