(1) Difficult to Obtain Product Elsewhere
One reason why a consumer would want to buy from your site is quite
obvious. The product he/she wants is difficult to buy locally. Don't try to sell products which a consumer can easily purchase at any
shopping mall in his/her city at a price equal to or lower than yours.
Ask yourself: Why would anyone pay you for something that he/she can
obtain immediately at a local store?
The key to success here is to find a market niche where you can
provide a product which is difficult to obtain. Good examples of these
are souvenirs, collectibles such as comics,
baseball cards, arts & crafts, memorabilias, etc. In fact, this may be an
excellent product for you to sell provided you have an interest in it
already. For instance, if you are an avid fan of Marvel comics, you
attend conventions, you get signed autographs of your favourite artists,
and you never miss an issue of the X-men, then you already
have the foundation for an on-line store. With your in-depth knowledge of the field, it is quite
easy for you to obtain the
necessary inventory from conventions or wholesalers and offer these
for sale over the Internet. You will have found your niche in the market.
For instance, I have a friend who is very cautious. This friend, let's call him Michael, is not
the adventurous nor the risk-taking type; he shops mainly at
department stores as he is assured that these establishments have a reputations for quality and service. Yet, Michael discloses his
credit card number to an on-line store and spent over $100 in a single transaction conducted over
the Internet.
Why?
Michael found a web-site which sold Einstein
sweatshirts with different captions. Apparently, if you've ever tried to
search for such an item, you'll find, as my friend did, these aren't
readily available. Some brilliant t-shirt company found a niche by
identifying a need for products then fulfilling that need by selling
them inexpensively on the Internet.
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By identifying your specialized interest and assuming others on the
Internet share your interest, you will be able to either begin a profitable
on-line store or bring your current store on-line.
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