Hi Everyone, I just wanted to know what everyones success has been with eCommerce, as we're all well aware this is a multi-billion dollar a year industry that's only getting bigger. I myself like moving into emerging markets and I just wanted to hear of your success stores. You don't have to disclose your site if you do not wish too, I just want this thread to serve as encouragement for other starting out in this business. Thanks, I look forward to your comments!
Before I started my current company I managed a site that averaged between $70,000-100,000/mo. (They were bought out and later combined in to another site)
I think it really depends on what your selling and how aggressive you are with your marketing efforts. I think price points have a major factor in revenue terms, I've seem some ugly eCommerce sites making over $100k a year just by the fact of what it is they're selling. Take BizChair.com for example a company that did $48m turnover in 2008, it's an excellent market because large companies are massive spenders and when they do spend each customer is highly likely not to buy 1 office chair by maybe 10 or 20 which would make VPV (value per visit) very high.
We sell luxury products on our eCommerce site - our numbers were very high up until 2008, but hopefully we can get our numbers back up as the economy improves slowly!
I think a lot of people have been finding it hard for the last 2-3 years. Whoever managed to survive will find we'll be entering a whole new bull market in terms of retail both online/offline and economic growth.
This is one of those questions that is going to have a variety of answers, and you are not really going to learn anything from any of them. Kind of like "what is your favorite color and why?". Your question needs to be a lot more specific in nature. Ask about a particular type of ecommerce or a particular niche. Do your market research: What (specifically) are you looking to get into for ecommerce and why? How are you going to promote? Do you know who your top competitors are online? What are their traffic sources? What are you top keyword phrases that you need to SEO for?
Exactily fundermentals will always win. Do your homework and find out what makes your competitors tick, who are they dealing with, what are they selling who are they developing link partners with. You need to be red hot and on the case for example what are their backlinks what keywords are driving their sales and traffic become a master of your competition. Know their game better than they do and you will become rambo of eCommerce.
Im hoping its to come this is my first xmas in ecommerce and i have been going hard core to get ready for it fingers cross i get a nice number i can post here , my bigest month without ecommerse was $27,000 but times have changed and those days have gone , however seems that they maybe just a drop in the bucket compared to what will happen at xmas this year . I say get your sites LIVE and get a product one the market as soon as you can.
I know what you mean by times have changed. There was a time when money poored out of the internet but now it seems like a different game from when I first joined, the easy buck isn't so easy any more.
And I just arrived here at this planet, a few years to late...........or is it? Just maybe I am in the right position at the right time......in fact I know I am! What I need to figure out now is how does the whole puzzle fit together
I sell bed linen on my Ecommerce site, very successful, currently earning around £20,000 profit per month
How's your business standing up in the economic climate, will you be effected badly by the 20% VAT coming in?
Hi all, How are you getting high volume payments processed? I am about to launch my site, my call centre business currently does around £60k a month via the telephone ad I thik the same will be done online. I am looking to get a payment model that doesn't require as much detail as a standard Merchant account with high street banks but also don't want to get shut down and account limited/frozen. Any advice will be helpful, Tom
Authorize.Net paypal-business.co.uk checkout.google.co.uk I think they are good if you need someone who can process 6/7 figures a year. If it's looking more like 8 figures I'd look about maybe getting a mastercard merchant account.
Which sort of Mastercard account is that one? Is that something like streamline or an online version? Thanks, Tom
Both, for shop terminals like you see in big supermarkets and also for taking cards online. http://www.mastercard.com/us/merchant/acceptance/ecommerce_solutions.html
I am an importer and I sell direct to the public online. On a good month we can turn over $150K in New Zealand. This is not dropshipping tho we have large running costs.