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Vendio Seminar - Selling your Products on the Web
 

Vendio Seminar - Selling your Products on the Web

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Vendio, in conjunction with the Internet Merchants Association & ASD/AMD trade show presented a seminar on how every merchant can take build success by selling products on the web. Info for new ...

Vendio, in conjunction with the Internet Merchants Association & ASD/AMD trade show presented a seminar on how every merchant can take build success by selling products on the web. Info for new sellers and a refresher for those who already are selling successfully.

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    Vendio Seminar - Selling your Products on the Web Vendio Seminar - Selling your Products on the Web Presentation Transcript

    • Building Success: Selling Your Products on the Web Planning and Components Vendio Services, Inc.
    • About Vendio Leading Multi-Channel eCommerce platform Solution for managing listings, inventory and sales across your own branded website, Amazon, eBay. Vendio is quick to get up-and-running without consultants or programmers. Vendio is a compelling value for business owners that want to run their company, not their software. Incorporated in 1999, headquartered in Silicon Valley Acquired by Alibaba.com in July of 2010 Acquired SingleFeed in June 2011 – CSE data feed management company
    • Types of Planning
    • Typical Selling Path Typically, sellers start in one area and each has different requirements: eBay/Amazon/Craigslist type markets requires Product-centric Planning Your own eCommerce Website requires Business-centric Planning Social Media and Marketing requires Marketing-centric Planning
    • When you need “Product-centric Planning” You’ll need “Product Planning” for the marketplace (s) when: – The Marketplace is the brand and people shop on the Marketplace (i.e. Amazon/eBay) . – The main marketing contribution you make is a product description and imaging. – You have little control over marketing. – Design is controlled by the marketplace. – UX (User experience) is dictated by the marketplace. – Customer communication is controlled or regulated by the marketplace.
    • Pro’s and Con’s of the “Product-centric Planning” Pro’s Con’s Minimal Start-Up Costs Fees can be expensive. Easy to Get Started Growth is limited. Very little opportunity Proven Format for customer relationship building. Traffic provided by the Marketplace Payment methods are controlled Does not require design expertise Account is always at-risk Does not require SEO knowledge Competition from the Marketplace (Amazon) Does not require a or from a large number large number of SKUs of sellers (eBay).
    • When you need “Business-centric Planning” When you’ll need Business-centric Planning – When you are building your own website. – When you are responsible for customer traffic, SEO and Content. – You control the policies. – You control the UX (User experience). – You control all customer communication.
    • Pro’s and Con’s of the “Business-Centric Planning” Pro’s Con’s Your control Unproven Format everything Requires a volume of No account-risk SKUS You can offer any Requires some SEO payment method or knowledge policies Requires continual Opportunity for commitment customer relationship building Requires basic design knowledge Design is controlled by you Initial set up costs (design, logo) can be Content is controlled expensive by you
    • When you need “Marketing-centric Planning” When you’ll need Marketing-centric Planning. – You run your own website and want to increase traffic. – You are selling on a marketplace, and want to increase traffic. – You wish to engage and drive repeat customers. – You want to grow your existing business. – You have customers who can benefit from your expertise.
    • Pro’s and Con’s of the “Marketing-centric Planning” Pro’s Con’s Minimal Start-Up Costs Time Consuming Hard to separate customers Easy to Get Started from lookers Inexpensive way to test Little opportunity to track buyer response actual results Free automation tools Can be addictive and take away from core selling opportunities Opportunity to build customer relationships Can provide little RIO (return on investment)
    • Segmenting Components Ideas
    • The Components
    • ResearchIt doesn’t matter what type of eCommerce you want to be in, it requires research: Product Research – What to you sell? – eBay Closed Items, Terapeak, Internet Product Reviews Business Research – Where do you sell? – Costs, Marketplace Policy, Customer Relationships Marketing Research – How do you sell? – Facebook? Twitter? Blog? Research the tools
    • Sourcing “Sourcing” is where you get your product and likely what many of your are here to do. It doesn’t matter if you are importing internationally or going to garage sales, you should look at your products objectively. Is “sell what you love” the answer?
    • ImagesDon’t underestimate IMAGES for your Markets If you can, use lamps/light bulbs that imitate natural light. Otherwise, your background will appear slightly yellow. Always take the photos without flash Use a light box Use a white background. People do not want to see your couch (I promise)!
    • Image Don’ts Don’t make Don’t include customers dizzy! clutter
    • The Product Description You are looking a lot of beautiful US Proof KISS Sets in orginal cases. Many sellers are selling proof sets for over $15 for common Use Bullet Points date proof sets. We are selling them all for $11.95. Each buy it now = 1 Proof Set. This is a newer less expensive listing Important Details First compared to our past buy it nows. We have hundreds sold but now we are lowering the price even more! We have Avoid Negativity hundreds of these sets available so take one or take them all. The dates range from Only put in product the 1970s to the early 2000s. These are priced to sell. We bought in such a large information quantity that we received a discount in which we are passing on to our eBay customers. You will receive a random set Spelling Counts out of the bulk. Please do not ask for a specific set because it would simply take Don’t copy too much time to go through all of them for every sale. manufactures They will ship out instantly after payment is received in a bubble wrap mailer with description tracking.
    • Policy Creep Easy Returns By placing an order on this web site, you indicate that you have read and agree to the following return policies and conditions. Click here to read our web site Terms and Conditions. Returns Must Meet ALL Applicable Criteria. If your returned product does not match all applicable criteria listed below, it will be rejected by our Returns Warehouse and returned back to you at your cost. Consequently, your RMA will be nullified, any credit request will be denied, replacement orders will not be made, STOP ME and you will be charged for all shipping to and from our Returns Warehouse that may be incurred by us. By requesting an WHEN YOU RMA and/or shipping a return in violation of this policy you hereby agree to accept our shipment of the return back to you and to the payment of all shipping costs to and from our Returns Warehouse. Our arrangements with our suppliers and THINK THIS manufacturers allow us no room to make warehouse (regardless of when you actually took delivery of the product) to get a IS TOO valid RMA from our website and get your product to a shipper to return back to us. It does not have to be back in our warehouse within 45 days, but it does have to be in the possession of the shipper (along with the valid RMA). RMAs must be LONG valid, unexpired, and issued for the product being returned. Only one RMA is issued per return. When it expires, you may no longer return your product. • If you are ineligible for an RMA, contact the manufacturer directly or check any applicable warranty you might have. See the Manufacturer Contact List at the bottom of this page. • Except as provided for verified defective products (See Special Returns Policy for Defective Products below), you will be responsible for all shipping charges for returns sent to our Returns Warehouse. Upon our acceptance of the merchandise in like new condition in strict conformance with the basic criteria and basic returns policy, the purchase price will be credited to the credit card used for the original purchase. For merchandise purchased with a gift card as the sole payment method, we will refund the balance due to you back to a new gift card unless the balance is less than $5 or prohibited by law. Please allow up to fourteen days from shipment for your return to arrive at our Returns Warehouse, delivery times vary based on shipper selected. Your return will be processed within 5-7 business days (excluding Saturdays, Sundays, and holidays) after receipt of the item. Many of the items we sell have Special Return Policies. See the appropriate policy below to see if items you purchase are affected. The risk of loss for the product being returned shall be with you at all times during the shipment of such product to the returns center and with respect to any shipments from the returns center back to you, the original distributor or manufacturer, or any buyer through the liquidation process. Title to the product being returned will remain with you at all times and transfer from you to the original distributor, or a third party in the case of a liquidation of the return, only upon receipt of the products by such distributors or buyers. Special Return Policy Defective Products - Defective products can only be returned in exchange for the exact same product, the purchase price will be credited to the credit card used for the original purchase (or, if possible, through the original payment method such as PayPal). Defective products may only be returned within 45 days of the date your product left the warehouse (regardless of when you actually took delivery of the product). Once your return is processed, and is verified to meet the basic criteria above and to be defective, your replacement order will be sent to fulfillment. How quickly your replacement product ships after that depends on product availability. For products that we verify to be defective, we will reimburse you for your original shipping expenses, provided that your defective return must be shipped via ground shipment only. If you return your product via a faster, more expensive shipper, you incur the expenses yourself and any request for reimbursement will be denied.
    • Creating Policies Keep it SHORT. Keep your Policies Simple to Understand. Don’t write a policy for one bad buyer. Offer liberal return policies when possible (this is easier for a feather than a refrigerator). Review all your policies and take out any negative statement and replace it with a positive.
    • “About Us” Fear Let the customer get to know you and your business by telling your For the fearful… story. Many time humor falls flat or the My phone number is customer will be put off. Unless your products are “funny” like gag gifts, it might be better to stay professional. 650-293- Use the About Us or Welcome page on your web store to your advantage – 3557 – Use Images of your brick and mortar – Tell a story about your background and interest in your product. – If you have employees, a group photo shows “company strength”.
    • About Us – The Five W’sWe are a Lamp Seller Who are you? What do you do?We have been in business since 2001 When did you start?We work from our Bricks & Mortar Shop Where are you?We Strive for Excellent Customer Services How are you accomplishing what you say you do?We believe in the quality of our products
    • About Us – How to Present Yourself Most Interesting The Five W’s Summary Facts from most interesting to least interesting Other Details Least Interesting
    • Self-Shipping Set up a shipping process and automate when possible. Ship lightening-fast whenever you can. Customers have come to expect immediate shipping. Use new boxes and materials. This saves time and pleases the buyer. Your shipping area should have easy to find/use supplies Automate tracking numbers and Buyer Communications.
    • Customer Relationships Develop Repeat Customers by: – Including a flyer in with your packages – Providing excellent customer service – Consider using coupons to bring them back to your offerings. – Providing fast shipping – Providing accurate descriptions – Set the correct expectations. – Don’t hide product flaws – Capture buyer information and needs – Consider creating a regular newsletter – Employ Social Media – Use Email Marketing
    • It is all about Trust Everything is Trust. A buyer MUST trust your site, must trust you, must trust your product, must trust your website or they will NOT purchase. On average, the conversion rate for ecommerce websites is anywhere between 1- 2%. If you’re converting at a less percentage, take an objective look at your offering from a customer perspective. Would you buy from you?
    • Customer Expectations: Influencers in Buyer Purchase Decisions
    • Trust Logos Show Professionalism by displaying “trust” logos. - Reputation (Better Business Bureau) - Privacy (Truste) - Security (SSL Certificates)
    • Credible Product Selection Number of SKUs Mixed Pricing If you have 4 $5.00 items, If you have ONE $20,000 the store may lack Rolex in your dollar store, it credibility. may make buyers Would you buy from a store uncomfortable. that had 10 items? Be careful when the very Determine the “norm” for high with the very low your product line. For priced items, buyers may example, a baseball card think that it is a scam. seller is too small if he has If you are selling high dollar 100 items, but a lamp seller items, surround those can easily run a store with items with other higher 100 products. dollar items.
    • Mixing Products Some items are not suited to be sold together. (think: baby toys and knives). Eclectic can work if it’s a sensible mix of products New and Used can also work if it done correctly (careful separation) If you have a product outside your theme, label it as a “special purchase”, vs. trying to fit your fishing caps in with your Tupperware.
    • AutomationAutomate EverythingLook for:Ability to manage products and inventory using one service.Ability to offer post sale support for multiple markets and your own website.
    • The Domain/Logo Branding your business is important. – Having your own domain (not a sub-domain) is important if you want to brand your business. Spend time finding a domain that fits your business. Don’t try and shortcut by using numbers or symbols. (MyAttic12, BestStore$$). Choose a memorable domain. If you are at a loss, try combining words like “FastLighting”, “ScanDisk”, etc). Logo’s define your business – If you can, have a logo designed professionally. Logo design services are not overly-expensive and the right logo builds trust and adds professionalism.
    • The DesignYour Website….Above the Fold Will set your buyers expectation or cause them to leave immediately Use Hero images for sites that have a clear message. They work great for fashion, products or a single, strong brand.Do’s and Don’t Careful with animations! Do not get overly complicated Do highlight your benefits Don’t overdo the text Do use a logo
    • The Content Unique Content that is updated frequently is loved by customers and is loved by search engines. When designing your website, leave room to: – Add unique product content that is added to or updated frequently. – Consider the addition of Social Media (Blog, Facebook, Twitter feeds and so on….)
    • The SEO SEO stands for search engine optimization and is critical for natural search. Optimize your store title and description: Optimize: your content: – Provide UNIQUE content. Don’t copy from other sources – Use keywords in your content – Links count. Get others to link to you. Optimize Keywords: – Use all lowercase – You can use plurals – Try not to repeat the same word more than three times – Pull in keywords from your titles and description – Use commas between your keywords – Limit your keywords to about 150 characters.
    • The Social Media Ingredient What is Social Media? – Social Media content is generated through social media interactions done by the users through a social site such as Facebook, Twitter, Squidoo, etc. – Social media is USER generated content. – Social media is where your customers are hanging out.
    • Social Media Stats Social networking now accounts for 22% of all time spent online in the US. A total of 234 million people age 13 and older in the U.S. used mobile devices in December 2009. Twitter processed more than one billion tweets in December 2009 and averages almost 40 million tweets per day. Over 25% of U.S. internet page views occurred at one of the top social networking sites in December 2009, up from 13.8% a year before. The number of social media users age 65 and older grew 100 percent throughout 2010, so that one in four people in that age group are now part of a social networking site. As of June 2011 Facebook has 750 Million users. According to a report by Nielson: “In the U.S. alone, total minutes spent on social networking sites has increased 83 percent year-over-year. In fact, total minutes spent on Facebook increased nearly 700 percent year-over-year, growing from 1.7 billion minutes in April 2008 to 13.9 billion in April 2009, making it the No. 1 social networking site for the month.”
    • Using Social Media for your Business Get a Facebook Page – Put a Facebook link prominently on your Website and invite user comments and “likes” – Link your products to your Facebook “store” Get a Twitter Account – Put a twitter link or feed prominently on your Website and invite user participation. – Learn the do’s and don’ts of twittering. – Update frequently – Automate “tweets”. There are a plethora of twitter tools – Pay attention to customers tweets and don’t ignore !
    • Social Media for your Business Create a Blog – Link a Blog to your website, but only if you will be updating frequently with relevant posts. – Invite customer comments and respond to every one! Other Social Media – Investigate the other areas, such as Squidoo, YouTube and many others where you can get your brand visible. Pitfalls – Time consuming – Cannot measure – Requires a “good voice”
    • Creating your Plan from the Components
    • Create Your Own Plan Every element is not needed when doing your planning. Use a checklist to find if you are doing tasks from an area you are not using, if so, consider switching or expanding your business. For example, if you sell on eBay, but are doing a lot of design and social media, you might wish to consider your own website. Or if you do not have a large product selection or desire to design, consider switching to a market like eBay or Amazon to sell.
    • Questions?Thanks for viewing this presentation. If you have any questions, please contact us at www.vendio.com