Of course, competition is inversely proportional to thriving in market. But it is also true that smartness is directly proportional to faster growth. Just hard efforts are not going to pay you anymore. The market behavior of this competitive Internet space is so unpredictable, where you are constantly called for to re-invent your strategies often.
The Deals Business
Closely watching the group buying site concept would reveal a lot of change-patterns in the E-commerce arena. Although there are many popular branches of business in the E-commerce sector, I have chosen the group buying business as a main example here, to share my legitimate suggestions for making great money with e-commerce website.
The Optimism
Today, to conviction your own group buying site with Magento has become so easily possible. With such a small investment, in a few fortnights you find your business account bulging with profit. Although it is an optimistic thing to say that this is a safe and confident business, it does not mean there are not big failures here. I have seen and read about pathetic failures (with big investments too) in the group buying site sector, just because of their mistaken strategies.
The following could be a quick guide for you to refresh your thinking while laying down your initial plans to make great money out of your site and not becoming one of those failures:
1. Magento: Commence your own group buying site with Magento (which is the best platform for E-commerce) and make sure that you stay posted onall the great plugins and updates that Magento releases regularly. Constant upgradation of your site with advanced plugins and updates improves the user experience.
2. Choose the best Groupon script provider: Have a checklist and see to that the provider gives you the following benefits for sure:
– Merchant Login
Facebook app
– Smartphone apps (Android, iPhone etc.)
– Referral system
– Reliable post-sales support
– 100% customizable
– Reasonable pricing (does not matter much if you are looking for the best quality Groupon script)
There are half a dozen more to be added to the above list to decide upon the best Groupon script provider, but just the above will make sure that the script you buy is fully loaded, with other features too.
3. SEO: Here Lies The Fate Of Your Brand
Never let your SEO cruiser rest. Every 10 second of the online time is a constructive block to your business fortune. The new pointers in your SEO functionality should be:
a) Quickly understanding the ladder way in new places such as social networking forums, guest blogs, press releases, hub pages etc. and giving out your participation there to get your link crawling virally.
b) You tube: Post PPT or even videos if you can make, which is intended to give related info but actually promote your brand well and lead them to your site. Unlike textual content, with videos you can score a lot of uniqueness and make people crowd to your site. Start and develop a channel posting reliable videos that provide good info, sandwich your brand in them here and there. Get the channel popular and bank on it to increase your website's viewership. This is quite an idea and take advantage of this soon before too many runners join the race.
The Grassroots Of All Geniusity: Segmentation
What? You are going to buy a Groupon script and start a site which covers all types of products and services, potential for group buying? Oh boy! Then I should say you are in half-trouble. There are too many players already what service covers a larger diameter. If you compete the same way then your 'money' would be clotted and not flow free. Target one particular type of product or service and assessment its demand in the geographical location and then invite merchants. I promise this would get you quick money from the former plan.
Big money! Quick money! Great money! They just do not favor the toiler, but the smart thinker!
