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There are incredible advantages to turning your business into an online shopping mall, and through extensive research, I'll share a few. Here are {5} reasons why an online mall is so appealing to many: many: |
With the gas prices fluctuating like it has done, it's not surprising at all that people prefer to do there shopping online, and within a few clicks they can get all of there gifts. |
We all know what it's like during the Holidays or even on a given Saturday! Statistics show that a great percentage of people prefer not to be caught up in that "rat race", and playing musical chairs with the parking lots. People are getting savvy to this convenience, and the 24 hours a day, seven days a week advantages that an online shopping Mall offers. |
Let's say you already know what you are looking for, with our CityWalk you can type in a search criteria and it will display local stores that carry that item. As a local resident we are supporting our local businesses; and as a local business we are catering to our local residents. This concept works hand on hand, and no wasted energy here! |
An online merchant's shopping mall usually offers you more of a selection on there merchandise vs. visiting the merchant's local store. This is simply because online stores don't have the overhead expenses like there physical location has such as utilities, rent, display costs, sales reps. etc. For that very reason, they can offer you more products and could probably offer you a better online deal. Let's face it we have all experienced when you walk into a store, and you only see what the store has in inventory at that moment. Shopping online will save you that wasted trip and hassle. No more disappointments when the shelf is empty or when minutes ago, they just sold your last size or item. |
Ok, let's take a look at some of the additional expenses that are involved with shopping at a physical location. Gas & traffic- You will need to get there right? Guess what? Everyone else is trying to get there as well so you may experience some traffic. Food- You've worked up an appetite and now you have to stop off at the food court or a restaurant. This is an additional expense to shopping. |
We are not here to discourage you from going to your local mall, but we wanted to point out the reason to why a percentage of people rather shop online. You can easily cash in on this market by simply placing your business online. |
Online shopping is becoming more and more commonplace. It has been predicted that US online shoppers will double to 132 million in the next five years.* With today's hectic schedules, people need a way to save time and shopping online is a way to do this. In a recent study, it was found that 19% of Internet users shop online once per week and this number is expected to continue to grow. Selling on the Internet is a viable option to starting a home based business or enhancing an existing business because of the relatively low costs (if you do it smartly) and the wide geographical target market. The possibilities are endless. When deciding what to sell online, keep a few points in mind: - 63% of people who shop online are women** - By 2003, female Internet surfers are expected to outnumber male Internet surfers 3 to 2.** - People with children are more likely to shop online than people without children** - Your profit margin can be increased if your customers can receive your product or service electronically (i.e. software, information, consulting services, ebooks, etc.). People are also more likely to purchase a product on the Internet if they can get it right away. - You will save time and money if you do not have to keep inventory or ship items. This can be achieved through affiliate programs and most multi-level marketing plans. Have someone else keep the inventory and do the shipping for you, if possible. - Try to offer something unique that is not readily available online. This may decrease your target market but will increase your chances of making the sale. If not many other sites are offering what you sell, people will come to you. *source: iconocast.com **source: peoplesupport.com |
Selling on the Internet: Some Internet Statistics |