G
GuestUser140
Guest
Hi guys,
I own a (somewhat) niche e-commerce store and recently opened a first brick and mortar location.
If things keep going the way they go now, more physical locations will follow.
I love a physical store because even more so than with a website/email, people give their objections spontaneously instead of just clicking away from your store to buy from the competition because the price was too high, too low, something was not clear on the website, ...
Over the past few days, I have been thinking this:
What if we just build a second e-commerce store?
It takes 5 hours and is cheap to set up.
We could experiment with pricing (low volume/high margin vs low margin/high volume), a different look and feel of the store, different product photos and descriptions, shorter/longer warranty, ... It's nearly impossible to test options / offer the whole buffet on our current website.
A customer who clicks away from our first website could end up buying from our second store. Again, we are in a pretty small market with less than a handful of others doing the same. This way, we could draw a larger percentage of buyers to us.
Suggestions? Tips? Poke some holes in my plan ...or tell me to fire away, test and learn!
I own a (somewhat) niche e-commerce store and recently opened a first brick and mortar location.
If things keep going the way they go now, more physical locations will follow.
I love a physical store because even more so than with a website/email, people give their objections spontaneously instead of just clicking away from your store to buy from the competition because the price was too high, too low, something was not clear on the website, ...
Over the past few days, I have been thinking this:
- There are about 3 other businesses in our market who do a similar thing.
- Our prices are great.
But some people think they are too low. Too good to be true. A customer we lose.
Others think they are too high, they can find the same product cheaper elsewhere. Again, a customer we lose. - The store looks and feels good. But someone looking for product xyz who just happens to dislike our website, could end up buying from the competition. Again, a customer we lose.
What if we just build a second e-commerce store?
It takes 5 hours and is cheap to set up.
We could experiment with pricing (low volume/high margin vs low margin/high volume), a different look and feel of the store, different product photos and descriptions, shorter/longer warranty, ... It's nearly impossible to test options / offer the whole buffet on our current website.
A customer who clicks away from our first website could end up buying from our second store. Again, we are in a pretty small market with less than a handful of others doing the same. This way, we could draw a larger percentage of buyers to us.
It's just a front end that needs to be set up, all operations already are in place.Suggestions? Tips? Poke some holes in my plan ...or tell me to fire away, test and learn!
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today