Destee Network : What Are The Disadvantages Of Online Selling?

Discussion in 'Destee Network :' started by Destee, Jan 11, 2002.

  1. Destee

    Destee destee.com STAFF

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    One of our Members, 'Zorbsh'n, asked what are the advantages and disadvantages of selling online in another thread:

    http://destee.com/forums/showthread.php?s=&threadid=6163

    While I was able to go on and on regarding the advantages of selling one's product or service online, I really couldn't think of any disadvantages ... can you?

    If so, please share them.

    Thanks,

    Destee
     
  2. $$RICH$$

    $$RICH$$ Lyon King Admin. STAFF

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    hummmmm!!

    i alwayz wondered bout dis here
    coz right now i am working on openning
    up a Novelity Shop and was thinking bout
    doing some sells from da net .....

    destee now i see i take much money
    and da right pich to make it work
    there is a lot to set up too........

    I wonder can i make it happen to the good ?
    i have so much to do wit no answers yet
    but my store will be as soon as summer hit
    looking at sites now .......

    the net selling is a good investment
    as it work while u sleep ......hummmmm!
    i gotta get more insight on this ...
    coz it's something i wanna do dis year
    so a website and setup is needed very much:eek:
     
  3. Destee

    Destee destee.com STAFF

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    $$RICH$$ ... yes, there are many considerations regarding the development of one's web site. You've mentioned actually selling products online, and this will add to that list of considerations. Not everyone sells a product or service with their web site, as some simply use them as an additional way for folk to read about them or their business.

    In regard to cost, I think it isn't so terribly expensive if you compare it to establishing an offline store. If you had an offline novelty store, you'd have to rent/lease/buy a building, pay utilities, etc., making the cost to establish your business online much less than those costs would be.

    You want to do some research, visit sites that would be your competition and see how they look and how they've provided ways for their customers to buy/interact with them. You want yours to be better than any you visit.

    You can also find quite a bit of information regarding the development of a web site right here on destee.com. I've been doing this for a number of years and provide information regarding many of the basic things that must be considered.

    Here are a few links:

    Things you need to consider when purchasing your domain name:
    https://destee.com/services/domain.htm

    Things you need to consider when developing/designing your site:
    https://destee.com/services/design.htm

    Things you need to consider when establishing your online store:
    https://destee.com/services/ecommerce.htm

    Things you need to consider when making your site secure:
    https://destee.com/services/secure.htm

    Things you need to consider regarding the promotion of your site:
    http://destee.com/services/promotions.htm

    There's quite a bit of information in the above links, plenty to get you started. Don't stop with this site, but do searches and find more.

    There are some things we just don't know how to do or have the time to learn to do. For example, I'd never try to give myself a root canal, or change the brakes on my car ... so we go to those people who do know how to do these things ... so we can get a quality job done.

    Even if you pay someone to do it, as a web site owner, there will be some basic things you'll want to learn and understand for yourself, as the investment in your site is not a small one. Therefore, contract with someone who will be able to lead and guide you professionally on your journey of web site ownership.

    You should be able to look at their site and it speak for itself, in regard to their capabilities. I've heard far too many stories of folk being taken advantage of, not getting what they thought they were paying for ... just plain taken ... so let the buyer beware.

    Of course $$RICH$$ if you have any specific questions, it would be my pleasure to answer them.

    Hope this helps.

    Destee
     
  4. $$RICH$$

    $$RICH$$ Lyon King Admin. STAFF

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    destee

    yes it did help me ....... as early as next week
    i will get to sit down and work through some things
    and contact u on some major matters
    u
    R
    A blessing .....Thank you destee for yo input
    and valueable tyme to share info and help

    I:heart: U 4 all u do.
     
  5. prometheusunbou

    prometheusunbou Well-Known Member MEMBER

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    The only disadvantage is to not to take advantage! :)
     
  6. ifasehun

    ifasehun Well-Known Member MEMBER

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    selling on the net comes with many challenges:

    Set up costs
    1. web site construction. so often we "build our own site to save money" - but fail to remember that no one is going to spend money on a site that isnt professional and reputable looking. more to the point: people dont give our their credit card number because "you made an effort" - they want to sense that you are a stable, honest and professional business owner. translation: unless you build awarding winning sites, pay for a professional to do the work.
    2. taking payment. you have some options, like setting up a merchant account that allows you to take major credit cards, but there are other choices to like http://paypal.com and http://www.2checkout.com. Paypal has both its good and bad points - mostly its great because they charge a percentage of each sale and require no set up fees or monthly charges. checkout is cool too - and probably more professional "looking" because it gives the illusion that your site is taking its own payments. which builds customer confidence.
    3. planning. most people believe that they dont need a business plan to do online business. they are wrong.
    4. research. know for sure that there is a ONLINE MARKET for what you're selling. yes, plenty of people buy oatmeal, but do plenty of INTERNET SURFERS buy oatmeal? understand what i am getting at? if your market doesnt surf or doesnt have a lot of confidence in online purchases, you're out of luck. FYI: minorities spend less online than whites. and when the product is for a very specific niche market, they spend even less. Understand me clearly - africans do spend money and they do shop online - but in research they indicate a greater distrust of online security and trustworthliness of companies doing online business. make sure your business plan addresses and resolves this issue. keeping your fingers crossed is not going to work.
    5. be prepared to take a loss for up to a year. that is be prepared to pay your web designer, tech support, web host and domain fees without seeing a red cent back for up to a year. it takes just as long to operate a net based business as a traditional one, unless you are introducing a revolutionary idea, like, http://friendster.com/ which grew by the sheer cleverness of the idea.
     
  7. goraddy

    goraddy Well-Known Member MEMBER

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    Hi Destee,

    As an IT Sales/Consulting specialists, there are no disadvantages of selling on line - in my opinon. However, the pitfalls that many businesses, especially black one's encounter have VERY little to do with the Internet or E-commerce. Instead has much to do with a lack of clear business strategy.

    I don't care how wonderful a site looks or feels - there must be a series of valid business reasons for even going online. A businesses online strategy should fit into its macro business strategy.

    So key questions that we ask our customers:

    Does the online portion of business help the organization reduce costs as well as increase revenue?

    What is the businesses vision statement and major objectives?

    Have you developed a complete business plan, and what is your break even point?

    Have you thought about how you can leverage the web to conduct business with your suppliers?

    Overall, how will you determine levels of customer satisfication?

    How will you measure the success of your online venture/e-commerce?

    Do you have a table outlining how much $$$ u expect to online sales as a % of overall sales?

    Describe what you expect your customers's online experience to be like at your site?

    Overall - if your online e-commerce venture or website falls in line with a SOLID BUSINESS PLAN - you will be fine. If you just create fancy sites with cool graphics - you are just a dime a dozen.

    I have seen too many websites or developers present the visual but we have to realize that - that U are running a BUSINESS! Not a graphics show.

    I'll have more on this. Sorry for being wordy, but the Business aspect of IT projects is what I have been getting paid for over the last 6 years. I can present some practical IT solutions - especially from the Software Side that can help one transform their Web/IT into a Revenue Generation or Cost Reduction Centre.

    Hotep!
     
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