I'd ask Rocco Baldassarre. He is the best online marketing consultant I've ever seen and can surely give you concrete advice.
Said that, my advice would be
a) your own e-commerce store so you can drive traffic to it without losing money on commissions
b) learn from best selling products (you can see sales ranks of competing products if you register as an amazon affiliate marketer; it's free) and copy their structure, split test regularly
Hope it helps!
Answered 9 years ago
On Amazon, I have no idea. But elsewhere the right strategy seems pretty straightforward. Search, search, and more search.Since that niche is highly specific and utilitarian (rather than brand- or image-driven), I'd recommend concentrating on (1) search, (2) search, and (3) search. Other marketing channels such as social media, radio, etc. won't give you anywhere near the bang for your buck.
These days, that means mostly SEM. Leveraging the right domain(s) can shave off some long-term expenses. SEO will be important too. Make sure you appear preferentially in the most relevant search verticals in the most authoritative fashion.
Basically, get the maximum of clicks with a minimum of cost; then be sure those clicks convert to sales through your site. Concentrate on gathering and evaluating data from SEM campaigns and on-site sales funnels. Try some A/B testing on your website and domains / URLs being displayed. Gradually your ad spend will become more efficient.
Answered 9 years ago
I've been selling on marketplaces such as Amazon/eBay since 2000. Each marketplace must have a different strategy. Marketplaces can also be looked at customer acquisition channels for your brand. Having a website is crucial and must be part of your long term strategy.
I always say this.....Marketplaces sales are like one night stands and sales on your website are more like long term relationships. The lifetime value of a customer should be the ultimate goal.
Answered 8 years ago
Depending on the brand of the products; on your plans - one shot selling or develop a business; which market you want to approach - a mature one or in development; what specification level are your products. I know and experienced those:
- Selling online is possible successfully, only with renowned brands. When I was working for Philips, there were cases I did not meet the client even. They check catalog, send me inquiry, send me order, get the product. Known brands keep their promises, keep after sales network, avoid bad cases with their products, etc. Thus, people feel safe to buy. But of course, all those are with a price.
- Unbranded, or low cost product can be sold, may be once. The matters of after sales, guarantee, sampling, modifications, etc. lead to cost increase and additional time spending.
- Similar thoughts I have for industrial lighting fitting. One has to check the existing situation, to consider retrofit or completely new. What kind of industry is it, etc..So, need a designer and design. Then sampling, modification, and so on and so forth.
So, my believe is - either well known brand or personally meeting the client and negotiate.
all the best
Answered 4 years ago
The marketing strategies for both social media stores and general stores are different in various aspect. First, we will deal with the strategies that will help you sell it in general i.e. I believe general stores and then online.
If you have a general store keep in mind the following points:
1. Do not offer too many alternatives: People think they like choice – but too many options can be paralyzing. This is what scientists call the paradox of choice. In a popular study, Iyengar and Lepper (2000) set up two tables in a grocery store. At table A, customers could have a taste from a selection of six jams; at table B, they could choose among 24 different jams. Although more people stopped by table B, where the selection was larger, only 3% of them actually made a purchase. On the other hand, 31% of people stopping at table A left with a jar of jam. The lesson, for retailers, is simple: limit the flavours, colour, and brand options you store. If you offer too many alternatives, you may end up selling less (and will be left with a lot of stock to turn).
2. Distract and confuse shoppers: When people get interrupted during shopping, they lose focus and become less price-sensitive, studies show. To increase sales, distract shoppers in-store with vocal pop-up ads, digital signage, images, and by asking them “Can I help you?”. When people return to look at products after a distraction, they are more likely to buy and spend more. For the same reason, supermarkets and malls often have counter-intuitive store plans – they are specifically designed to confuse shoppers, as that supports sales.
3. Have a loyalty program: Loyalty programs are a great tool for retailers: they provide important insights into customer preferences, increase loyalty – and, according to studies, they also make customers feel happier in your store. In their 2006 study, Kivets, Urminsky and Zheng found that customers with a rewards card for a café smiled more while shopping, chatted longer with café employees, said “thank you” and left a tip more often than customers who were not part of the program.
4. Make rewards easy to obtain: The shorter the perceived distance to a goal, the more motivated people are to reach it. Researchers Kivets, Urminsky and Zheng divided customers in a reward club into two groups. Group A was given a 10-boxes stamp card, which, when completed, would entitle them to a free coffee. Group B’s coffee card had 12 boxes, two of which were already stamped. Although all cards required the same amount of purchases to obtain the reward, customers in group B filled up the card faster. The two pre-stamped boxes gave them the perception they were close to the goal – and they spent more money, more quickly, to get there. When designing your loyalty program, leverage this effect to increase participation.
5. Elicit emotions – best of all, nostalgia: Emotional messages are easier to remember and more effective than rational messages. However, not all emotions are created equal: greed (“you want to be part of this club – now!”) and nostalgia (“ah, the good old days of youth…”), for instance, work really well to make shoppers want to buy. Research shows that when people are feeling nostalgic, they value money less, and are therefore willing to pay more for products. Leverage on this by using pictures and music in-store that get to people’s guts: families, holidays, and retro music are oft-used ploys that always do the trick.
6. Personalize, personalize: When stuff is relevant to people, they pay more attention to it. This happens primarily when we hear our name (a magic word which activates various sections of our brain), but also when we hear something we are interested in – be it a sport we are interested in, our favourite band or the name of a country we have recently visited. Retailers can use their loyalty program to gain intelligence around customers’ actions, used the data to optimize and personalize communications, products and offers.
7. Do not be overly polite (if you sell luxury items): Research shows that snobby staff in high-end stores can increase sales. This effect (which does not apply to mass-market brands — only luxury) appears to be related to people’s aspiration to be part of a prestigious in-group. So, if you run a luxury store, allow your sales representative to act snobby. If you run a mass-market brand, though, better stick to smiles and politeness.
8. Mimic their gestures: When talking to customers, try copying their body language and words: you will increase the chances they will buy from you. That is because we tend to feel stronger affinity to people, we perceive like us. The “mirroring effect” is an amazingly effective sales trick.
9. Let them touch the merchandise: According to a Caltech study, consumers are willing to pay more for items if they can see them and touch them. The sensory experience is so important that the longer people spend looking and holding products, the more they are willing to pay for them. This is great news for brick and mortar stores – if they do not subscribe to a surpassed “Do not touch the merchandise” attitude.
10. Create the illusion of scarcity: People value things differently depending on how common or scarce they perceive them to be. The rarer a product, service, or opportunity, the more valuable it appears. Martin Lindstrom, author of "Buyology: Truth and lies about why we buy," found that he could increase the sales of canned soup simply by adding the sentence “maximum 8 cans of soup per customer”. People bought more cans even if the soup was priced the same as the day before. The feeling of scarcity —the Millennials’ “fear of missing out”— triggers in shoppers a survival instinct that makes them buy more, quickly.
11. Give free samples: When people receive something for free, they feel special, and want to reciprocate the favour. In his book “Influence: The psychology of persuasion”, Dr. Robert Cialdini reports how one waiter increased his tips by 3% offering diners a mint after dinner. When he offered two mints, tips went up 14%. By giving shoppers a small freebie – be it a cookie or a sticker – you can increase the chances they will buy from you.
12. Add an expensive item to sell middle-of-the-road ones: People tend to choose products that offer a good bargain. Most customers do not want to go for the cheapest option, but they still want to feel like they are getting good quality for money. You can leverage this attitude to increase sales of specific items, by adding an extremely expensive alternative in the same product category. Most buyers will opt for the middle-of-the-road product, because it will look affordable and a good bargain compared to the higher-priced one.
13. Use the right sounds and scents: Background music in-store can influence not only how much people spend, but also what they buy. Stores playing jazz or classical music are perceived as more sophisticated – and customers stepping in are open to spending more than people entering places playing pop, or rock music. In a famous experiment, customers in a wine store were more prone to buy French wines when French music was playing; when German music was playing instead, people bought more German wines. Hearing is not the only sense that affects our spending habits: researcher Martin Lindstrom found that smell of apple pie led to a 23% increase in sales of ovens and fridges in an appliance store.
14. Put popular but inexpensive items by the entrance: Drive customers to make small impulse buys and sell more by triggering what psychologists call the “shopping mindset”. Once people have made a purchase, no matter how small, they are more likely to buy more, psychology says. Leverage on this effect by placing low-price, popular products – like candy or newspapers – by the entrance of your store.
15. Offer surprise rewards: Surprise rewards are great: they make people happier and more motivated. On the other hand, expected rewards are not as effective – they may even lead to lower levels of happiness, says psychology. Do you want to make your customers happy? Send them surprise coupons or deals. Avoid, though, running repeated promotions, such as offers valid every Thursday. Once you know how your audience thinks, what makes them tick, you can adjust your strategy to become more effective. Make sure that you use the right approach for your industry and target market, and that you always combine these strategies with the most effective weapon of all - amazing customer service.
Amazon is an online shop. An online shop is a website, where you can buy products or services, e.g. books or office supplies. Traditional and similar business models are direct mail selling (no shop facility, offering of goods via a printed catalogue, ordering by letters or telephone calls) and factory outlets (producer has own shop facility, does not sell his products via merchants). As we are discussing E-Commerce, we have to know in detail what is going on in E-Commerce transactions. Thus, we must consider the basic or fundamental sales process. This process describes the general pattern of making business in delivering goods or providing services and getting payments for this. Here we can differentiate as we generally and due to Porter’s value chain do it in process management between the primary or kernel process and a secondary or supporting process.
The steps and sub-steps of the primary process, including the responsible party are:
1) Information step:
a) Search for products and services: by the customer,
b) Search for potential suppliers: by the customer,
c) Search for potential customers: by the supplier,
d) Communicate an offering: by the supplier,
e) Communicate a need: by the customer,
2) Initiation step:
a) Get into contact: either by the customer or by the supplier,
b) Request for delivery or service: by the customer,
c) Offer for delivery or service: by the supplier,
d) Assess supplier: by the customer,
e) Assess customer: by the supplier,
3) Contract conclusion step:
4) Negotiate offer: by supplier and customer,
5) Negotiate contract: by supplier and customer,
6) Place order: by the customer,
7) Confirm order: by the supplier,
8) Delivery/fulfilment step:
9) Proceeding for physical goods:
a) Pack goods: by the supplier,
b) Load goods: by the supplier,
c) Ship goods: by the shipping agent,
d) Unload goods: by the shipping agent,
e) Unpack goods: by the customer or the shipping agent or a specific service provider,
f) Assemble complex equipment at the customer’s site: by the shipping agent or a specific service provider,
g) Accept delivery: by the customer,
h) Approve contract fulfilment to authorize billing: by the customer,
10) Proceeding for physical services:
a) Build and maintain service fulfilment capability: by the supplier,
b) Come together physically because customer must be an active part in service delivery: by the supplier and the customer,
c) Define service levels: by the supplier, possibly after a negotiation with the customer,
d) Add service level agreement to contract: by the supplier,
e) Accept service fulfilment: by the customer,
f) Approve contract fulfilment to authorize billing: by the customer,
11) Proceeding for digital goods:
a) Send goods to the customer via the net or provide for download: by the supplier,
b) Protect goods against unauthorized access (see chapter 6 of this book): by the supplier,
c) Accept delivery or confirm successful download: by the customer,
d) Approve contract fulfilment to authorize billing: by the customer,
12) Proceeding for digital services:
a) Provide service via the net: by the supplier,
b) Define service levels: by the supplier, possibly after a negotiation with the customer,
c) Add service level agreement to contract: by the supplier,
d) Add service level agreement to contract: by the supplier,
e) Initiate service provision: by the customer,
f) Accept service fulfilment: by the customer,
g) Approve contract fulfilment to authorize billing: by the customer,
13) Proceeding for information:
a) Like digital goods,
b) Billing/invoicing step:
c) Generate invoice: by the supplier,
d) Generate attachments to invoice (e.g. protocol of service fulfilment, protocol of final customer’s approval, certificates, etc.): by the supplier,
e) Forward invoice to customer (via the Web or via postal services): by the supplier
f) Payment step:
g) Get money from the customer by the supplier or a financial services provider,
h) Service/support step:
i) Provide additional information for the customer (e.g. user manual, technical documentation, etc.): by the supplier,
j) Conduct customer support (e.g. recommendation for usage, FAQ, etc.): by the supplier,
k) Manage complaints: by the supplier,
l) Repair: by the supplier or a specific service provider,
m) Manage returns (if repair is necessary, a wrong product has been delivered or customer wants to “roll back” the business): by the supplier in cooperation with the customer,
n) Conduct maintenance (may be part of the product or may be a separate service offered by the supplier): by the supplier or a specific service provider.
14) The secondary process can be sub-divided into:
a) Internal process control
b) Communication to the customer:
c) Tracking & tracing: by the supplier or the shipping agent,
d) Inform about order processing status: by the supplier,
e) Announce delivery time: by the supplier or the shipping agent.
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
Answered 2 years ago