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Showing posts with label goals. Show all posts
Showing posts with label goals. Show all posts

Thursday, January 17, 2013

Things to do and a look into the future (WTF!)

I wrote this blog whilst in the background "Inner-City Big Fun 1988" playing, I suggest you read it whilst enjoy some 25 year old dance hit and follow up with some nice "90's hip hop":.

My first lessons learned, now it is time to start organizing my thoughts on things I discovered. I can tell you that in my head things are chaotic, unorganized, not structured, basically the same as the Mayor Of London, Mr Boris Johnson's hair style.

First things first; I have to start somewhere and most likely with the basics:

- establish my own company whether I want to start as a Sole Trader or Ltd. is something I have to discuss with a Tax Attorney or somebody who is experienced and is willing to provide guidance

- become not only familiar but really understand the working of Data Statistics (Google Keyword, Adsense, SEO etc etc), traffic generation and use it to my advantage

- find a niche product

Once I have a clear understanding of those I can start applying it too my own business

I have started to go over "The Beginners Guide to SOE" if you are interested download it at no cost at all.

After having spend quite a bit of time on really getting to obtain a sense of direction I can say that slowly but surely I am starting to grasp some of the before mystifying, last but not least due to ecommercefuel.com whose website has provided me with a sense of direction, which a lot of beginners like my self obviously lack. Please download the free guide if you want to know what I am talking about!

Having spend a bit of time reading it I have a theory or maybe even a philosophy on the creating, building and expanding any ecommerce store (front). I am a buyer on some of these sites, since my wife got pregnant we discovered that buying online was much cheaper then the conventional store, so we placed a few orders:
- Baby pram
- Baby room
- tons of other stuff.

I will share you our customer experience:
- Tons of other stuff: Delivered on time and in full within lead time 
- Baby Pram: after having placed the order (and paid $1000) on October 29th we received the order confirmation, followed by 3 weeks radio silence. We contacted the store who informed us that the color we ordered was not in stock we could choose some other color. We didn't agree to that and inquired about the lead time for that pram. Well it was only 8 weeks.. So we demanded a refund. Two weeks later, after threatening to fail a complaint for fraud, we finally received our money back. No excuses, nothing from the Seller..
- Baby Room: Ordered on December 28th (holiday season we realized). We place the order and paid in full. We immediately received a phone call that the order would be delayed for one week, if that was ok, if not refund. We agreed to the week notice as it is makes sense. We are still waiting for it to arrive and my patience is running low. Credit to the store, they do inform us, however the expected delivery date is expected (not confirmed) the first week of February... problem, our child is due then. Refund is an option but who tells me other stores can deliver in before the 24th of January...

Conclusion:
- Apparently both sides are drop shippers and the kind that does not have an interface to the suppliers inventory.
- "Keeping your customer happy" is not in their interest, not fulfilling your delivery promise is one thing, but not reimbursing, whilst customers have to threaten with Police intervention is next to Criminal!

Now my little theory comes to light:
If I run an  internet store (or drop shipper) what would I at all cost need to retain:
a. Spotless reputation
b. 100% Customer Orientated
c. Provide Quality Products in my store
d. Keep my "inventory" up-to-date
e. Create a 100% delivery promise (On Time in Full), if not see point b, see point c, see point d
f. 100% Happy RETURNING Customer

*The above does not include the relationship you have to build with your various suppliers in order to commit to the above

If I take into account the developing Mobile Technologies, Social Networking, Global Mass (product) Sourcing, Fast changing global Trends; I have come to the belief that in the current ecommerce landscape everything is about offering competitive pricing combined with an INDIVIDUAL customer approach. Additionally as a business you need to retain the flexibility to adapt too dynamic trends in consumer trends.
Since you normally are not limited by geographical location (the conventional store is) the possibilities and opportunities are endless, but it is not just coming your way, as a business it is my belief you need to keep up to date with the latest technological developments and apply those to keep your customers happy.

A good example is how to generate a customer base is Andrew Youderian;s free Ecommerce book. Today I received an email from him where he offers to take things to the next level, offering a 4 month course to make sure you realize and establish a working and successful ecommerce store at a modest cost of $49,99 and it comes with a 30 day money back "no questions asked"...

Do I mind paying that? No absolutely not! Why not? Well he provided the introduction for free (c.Quality Product) and it was extremely useful to me (b. 100% Customer Orientation). So I am a happy customer and eager to learn more (f. 100% Happy RETURNING CUSTOMER) and if I am not satisfied I get my money back without questions asked (e Create a 100% delivery promise). I take his business serious and it has delivered (a. Spotless Reputation)
Is the above rocket science?? No not really! A lot of sites offer these types of services, but charge a fee (although nominal) which stops people like me from even trying it, since I only was orientating myself. That makes me realize that if you want to lure your customers you need to provide something that keeps them coming

This was it for today, I hope you enjoyed the music provided in the hyperlinks :)

Thank you for reading the blog! Add this blog to your favorites, subscribe and please people COMMENT with any feedback!

Till next time

Thursday, January 10, 2013

The Plot Thickens... Every action triggers crucial questions

For those of you who read this for the first time; I am an internet dinosaur now trying to establish if I will be able to sell something on the internet via any auction site. I will never post any direct links to my auctions in this blog as it is not meant to make me money but to share a bit of insight. If you find that valuable that is the biggest pay off for me!

Yesterday my accounts on both ebay.com and the local website got activated. On both sites I listed some items to see what happens. What has happened? Nothing really, watching paint dry is more exciting than my first steps as an internet seller... Hold don't stop reading I haven't finished.

What I noticed is that most sites will offer you, against a modest fee, enhancements that will make your auction item easier noticed by the shopping crowd. Of course I refuse to pay anything additional and try it the gold old fashioned way, by the Bootstraps (yes my new motto in life)

The interesting thing I realized is that for the first time in my life I approach a product from a Sales point of view (for all you adult website maniacs yes you can abbreviate it too: POV) and not from a consumer point of view. If I project my listings in current shopping mall, I have my little shop with hundreds of people passing by, some of them taking a peek, most of them not interested as they are looking for a different product. Why look at the cigar store if you are looking for a smoked salmon.
Mmm it has made me realize that visibility and targeting is probably the most important thing to get a consumer's attention, nothing new but again; Selling presents a different perspective than buying and I am just realizing that NOW! God it feels good to be alive!

The question I ask myself is how do I get people to notice my products, buy them and return in the future.
If I look at the products I have on listing; an old watch, slightly overpriced if I am honest. Two new leather bags.
The used old watch will sooner or later be sold if I only drop the price, which I could do but that would ruin my experiment
The two leather bags are on offer for 14 days at "buy-it-now" rates and will most likely sell.

What do I have to offer to a potential buyer?
The only thing I can offer them is real quality against a, I think, fair price. I will respond to all their queries and ship according to the terms and notify them accordingly.
Now that I am reading the above, it makes me realize I have nothing "special" going for my little venture! Just  a sound correct business moral

What does my potential buyer see?

My entire history on the auction site (which is rated by the entities you do business with) is not even above 10, so no detailed feedback available for any potential customer only that all is a "100% positive" and that I am only recently active and only accept Paypal or PayU. I am prepared to return default product etc. Again sound correct business moral

Secondly I have no special focus market or some product or segment I am concentrating on. Anything will do at this stage. As I wrote earlier in one of my blog, given the size of the internet and the availability of product that will be a challenge to master it all.

What impression does my venture make on possible first time buyer?

New guy, not much product, no specialization, small fish. All of it is true, still no reason not buy the watch or a bag for yourself! Hence granting me my first sale! :)


Last and not least I have to come to an early conclusion that my enthusiasm itself is not enough, I have to really think, come up with a plan or goal. After that I will have to make decisions into what direction I will steer my interests.

Thanks for taking the time to read today's contribution, if you are really interested how it all will develop subscribe to my blog or "Google plus" it :)

Till the next blog!