In recent years, online shoppers have gotten more computer-savvy and more comfortable making purchases over the internet, and their expectations have grown. They know what they're looking for and they have more choices, so they're more discriminating about where they'll shop. That's why it's important for online sellers to adapt the way they source products and give their customers what they want. Fortunately, some new trends have emerged in product sourcing that are ideal for the home-based retailer:
? Vertical Product Sourcing
Consumers want to buy from e-stores with specialized product lines. Lisa Suttora, of http://WhatDoISell.com, defines vertical product sourcing as "going very deep and very narrow into a product line...focus[ing] on an even narrower niche." For example, if you sell general home d'cor, you might concentrate on teen home d'cor or home d'cor made from organic materials. But make your products closely related?variety stores don't work well online.
? Target a Demographic
Consumers want differentiation, so you as a seller need to look at what makes your business unique and sets it apart from every other e-store. Focus on your customer base?design your web store and word your listings to be appealing to your target market. Give them information relevant to them'if you sell old movie memorabilia, post articles on old film stars or behind-the-scenes tidbits that will give your customers a reason to come back. Do something to add value to your website and make it stand out.
? Cater to All Seasons
Everyone knows that snow boots sell best in the winter months and pumpkin d'cor sells best in the fall. But most people don't realize that almost every product sells best at a particular time of year. You can maximize your sales by constantly adjusting your line-up to the changing seasons. For instance, if you sell tableware, start catering to wedding shoppers around June?carry certain types of silverware, napkin-holders, toasting flutes, etc.
If your core products are season-specific, find related alternatives for your standard products' off-season. There's no reason to lose out on sales just because it's chilly out. If you sell lawn furniture, you might not sell a single grill in December. But you might do quite well with heat lamps, or other products for people that want to spend time enjoying the outdoors.
? Source Multiple Venues
While there's nothing wrong with working with particular wholesalers on a regular basis, be sure you don't get stuck in product sourcing rut. If you don't utilize the many available product channels, you don't make the connections you need and you don't expose yourself to the many highly specialized products you may not even realize are out there.
Consider integrating localized sourcing. Many brick-and-mortar stores in your area may be interested in having an online presence but be unsure of how to get started. Says Suttora, "This represents an opportunity for the e-commerce sellers who work from their home or out of their office to partner with these other companies and it can greatly increase people's income." It's a great way to strengthen your product line without increasing your overhead.
New Trends For 2009
In recent years, online shoppers have gotten more computer-savvy and more comfortable making purchases over the Internet. As a result, their expectations have grown. They know what they're looking for and they have more choices, so they're more discriminating about where they'll shop. That's why it's important for online sellers to adapt the way they source products and give their customers what they want. Fortunately, some new trends have emerged in product sourcing that are ideal for the home-based retailer:
? Vertical Product Sourcing
Consumers want to buy from e-stores with specialized product lines. Lisa Suttora, of http://WhatDoISell.com, explains, "Vertical product sourcing is going very deep and very narrow into a product line. You want to focusing on those narrow niches.? For example, if you sell general home d'cor, you might concentrate on teen home d'cor or home d'cor made from organic materials. But make your products closely related ? variety stores don't work well online.
? Target a Demographic
Consumers want differentiation, so you, as a seller, need to look at what makes your business unique and sets it apart from every other e-store. Focus on your customer base ? design your web store and word your listings to appeal to your target market. Provide them information relevant to them ? if you sell old movie memorabilia, write some articles on old film stars or share behind-the-scenes tidbits that will give your customers a reason to come back to your site. Do something to add value to your web site and make it stand out.
? Cater to All Seasons
Everyone knows that snow boots sell best in the winter months and pumpkin d'cor sells best in the fall. But most people don't realize that almost every product sells best at a particular time of year. You can maximize your sales by constantly adjusting your line-up to the changing seasons. For instance, if you sell tableware, start catering to wedding shoppers around June ? carry certain types of silverware, napkin-holders, toasting flutes, etc.
If your core products are season-specific, find related alternatives for your standard products? off-season. There's no reason to lose out on sales just because it's chilly out. If you sell lawn furniture, you might not sell a single grill in December. But you might do quite well with heat lamps, or other products for people that want to spend time enjoying the outdoors.
? Source Multiple Venues
While there's nothing wrong with working with particular wholesalers on a regular basis, be sure you don't get stuck in product sourcing rut. If you're not utilizing the many available product channels, you're not making the connections you need or exposing yourself to the many highly specialized products you may not even realize are out there.
Consider integrating localized sourcing. Many brick-and-mortar stores in your area may be interested in having an online presence but be unsure of how to get started. Says Suttora, ?This represents an opportunity for eCommerce sellers who work from home or out of their office, to partner with these other companies; and doing so can greatly increase your income.? Beyond that, it's a great way to strengthen your product line without increasing your overhead.
Both By Chris Malta & Robin Cowie & Chris Malta & Robin Cowie are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
By Chris Malta & Robin Cowie has sinced written about articles on various topics from Affiliate Programs, Site Promotion and Property Sale. Chris Malta and Robin Cowie of WorldwideBrands.com are the Writers and Hosts of The Entrepreneur Magazine EBiz and Product Sourcing Radio Shows. fo. By Chris Malta & Robin Cowie's top article generates over 9900 views. to your Favourites.
Chris Malta & Robin Cowie has sinced written about articles on various topics from Computers and The Internet, Free Credit Report Score and Computers and The Internet. Product Sourcing Radio is Created and Hosted by Chris Malta and Rob Cowie of WorldwideBrands.com, Home of OneSource: The Internet's Largest Source of Genuine, Factory-Direct Wholesalers for online sellers.. Chris Malta & Robin Cowie's top article generates over 74000 views. to your Favourites.
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