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Online Business Forum General online business related topics including ecommerce, customer related issues, home based business challenges & tips, etc.


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  #21 (permalink)  
Old 10-01-2017, 09:01 AM
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There really is no difference in terms of which channel type fails faster: either your potential customer likes your product or service offering or they don't. However, I've always preferred online service type businesses simply because it's a much lower risk in terms of upfront investment: not having to stock inventory, etc., as well as a much easier business to manage.
 

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Old 10-04-2017, 05:57 PM
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Originally Posted by igzy View Post
The e-commerce space is very competitive. We hear about a lot of companies growing fast and falling equally fast around the world. Specially the ones selling products.
However, I feel that the companies selling services online or online marketplaces for services might perform better than the ones selling products. Or are they already doing better?

What's your take on this?
Hi Dear,
The competition is everywhere, and it is increasing by the day. What one needs to add to the discussion herre, is, what is the business model ?, and how much time and money is to be invested in the project, or business, when you start it. All your marketing strategies, and actions, will come out of first assessing these 2 aspects.

Also, you are right from the fact that the product distribution costs are high. Currently they hover around 18 % to 29 % of the total cost, for any productthat you may need to ship. This is definately a major detterant for smaller players to suceed.

If the whole discussion is about a small or medium entrepreneur, to earn money with small investments, the service or software route is much better. One does not have to ship anything, except for the service, and hence, one can differentiate by the mode of service offered, and can start earning, then scale up.

Hope this answers your question.
 
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Old 10-10-2017, 10:08 AM
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I prefer product that is scalable. However that is only me.
 
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Old 10-13-2017, 11:36 PM
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Products may be classified as tangible and intangible. Tangible products are like computers, memory chips etc. Intangible products could be digital downloads (softwares), etc. I think, eCommerce as of now is geared more towards selling of intangible products and services. It may slowly become a good platform for tangible products also. As mentioned elsewhere, tangible products need to have addressed other issues like inventory, shipment, returns, insurance, etc.
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  #25 (permalink)  
Old 10-26-2017, 06:56 AM
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Quote:
Originally Posted by Sarataylor1 View Post
Products are more in demand as well as range of products instead of services.
Exact C&P from post #10.

Quote:
Originally Posted by Sarataylor1 View Post
There are many products on the internet that you can buy and sell on Amazon and other sites.
Reworded sentence taken from post #10

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Old 10-28-2017, 11:58 PM
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Ideally one choses between Ecommerce or traditional way of selling. So my understanding is that you want to encash the ecommerce boom. Fair. Now, in this case, go for product because online one makes purchase puchase decision based on product photos, features which they can actually see. Services can not be seen.
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Old 10-31-2017, 07:58 AM
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I think both products and services will work well, it really depends on how good a manager you are on both of them.

For the product business, I think I will be a greater challenge because of the added thinking you will have to do regarding the transportation and storage.
 
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Old 11-01-2017, 12:37 PM
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I think both physical and digital services are both a great way to start your online business but things are moving forward with branding and creating trust so build an audience around a certain niche get them to see your brand and then send them your offers. build trust and you gain customers.
 
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Old 11-01-2017, 11:18 PM
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It is an online platform where we can get as many as a product whatever we want.
 
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Old 11-02-2017, 03:24 AM
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yes, on these days ecommerce website takes a big role for selling a products.
 
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