How to Double your Online Sales - Susant @ 247 Commerce
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Susant, co-director at 247Commerce delivered really good talk about business growth strategies in our Manchester Online Seller Meetup
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How to Double your Online Sales - Susant @ 247 Commerce
- 1. How to double your Online Sales ? Proven Strategies and Tactics. www.247commerce.co.uk
- 2. Susant Patro 247 Commerce Limited Email: susant@247commerce. co.uk Phone: 020 8940 7011 www.247commerce.co.uk
- 3. Can two business be same? Spot the difference! www.247commerce.co.uk
- 6. And the list goes on…. 450 different companies with only one common goal….. www.247commerce.co.uk
- 7. What is your goal? Double Sales ? Double Net Profit ? Double Customer Base? Double Product Catalogue? www.247commerce.co.uk
- 8. Top three Learnings Pareto principle : the law of the vital few 80:20 Moore's law: observation that the number of transistors in a dense integrated circuit doubles approximately every two years Law of 10x Force www.247commerce.co.uk
- 10. Market forces are same for all www.247commerce.co.uk
- 11. 10x Force can change the game www.247commerce.co.uk
- 12. Detect a Strategic Inflection Point www.247commerce.co.uk
- 13. 10x Force can change the game www.247commerce.co.uk
- 14. Change is the only constant!!! www.247commerce.co.uk
- 15. Kill Competitors with x 10 force The number of competitors, their specific business focus and the resources each has available to apply to competing. Which tools do you use to research competition? www.247commerce.co.uk
- 16. Add Complementors at 10x Speed The number of companies / marketplaces which successfully sell products. Which marketplaces are you using ? Amazon Global eBay Global Own Website B2B Website Amazon Business Amazon Vendor Central Cdiscount TradeMe Tesco FNAC Deal Websites: Groupon, MightyDeals, Amazon Local, Wowcher www.247commerce.co.uk
- 17. Grow Customers 10x Times The demographics, diversity and nature of your customer base Domestic (online marketplaces only? What about wholesale ?) , International B2C: Marketplaces B2B: Trade www.247commerce.co.uk
- 18. Add Suppliers @ 10x Speed Local International Exclusive Integrated Supplier Manufacturers www.247commerce.co.uk
- 19. Use Industry Methods that delivers 10x The possibility that new technology or new techniques could dramatically alter the game Excel : Vlookup, Sumif, Countif, Pivot Table Multichannel eCommerce Application Facilitators Game Changers www.247commerce.co.uk
- 20. Detect Potential Competitors @ 10x Speed The possibility that larger, better funded competitors may also enter your business field will also have an impact on your current business. www.247commerce.co.uk
- 21. 247 CloudHub 110 Applications 500 APIs 30 Developers x 24 months = 10,000 man days www.247commerce.co.uk
- 22. 10x Force can change the game
- 23. Configure Compete Optimise Deliver Analyse Service www.247commerce.co.uk
- 24. Thank you Questions please… www.247commerce.co.uk