More than $117 billion passed hands from Internet shoppers to Internet vendors in 2004, according to
statistical research firm comScore. That's billion, with a B. Compared to
year before,
figure represents a whopping 24 percent increase in sales. Compared to
early 1990s, when
Web was a questionable commercial venture, today's $117 billion is proof-positive that
Web is
full-fledged money-making machine. It seems to be a big enough pie that any merchant with a Web site can cut out his heaping slice.Not so fast. As any merchant who's tried to take a bite out of
Internet will tell you, turning a profit online is not as simple as throwing a few pages together. Professional Web sites cost big bucks for design, consultation, and upkeep. Either you have to hire a full-time editor or technician to manage your Web store, or you need to pay three-digit hourly rates to contract Web professionals. Then you have to face fees for Web hosting, broadband access, and IT maintenance.
Even after you expend all of this capital and launch your Web site, you're still not guaranteed anything. Your site will only be one among millions, if not billions. Yes, that's billions with a B again. The Internet, after all, is like a clear sky on a dark night. How can you expect a customer to pick your star out from among all of
others that shimmer for their attention?
On
Web you'll quickly learn that attracting your clientele-and building your Internet-based business-is just as tough as it was when you first started your brick-and-mortar shop. It takes smart investing, creative marketing, a little luck, and a lot more know-how.
What's great about
business side of
Web, however, is that your old-fashioned know-how translates quite well on
Web. A great example is
timeless merchant adage: "Location, location, location." This saying holds true on
Web, too. You can place your store's site in a spot on
Web where no one will discover you, or you could position it on a "busy corner" on
Internet.
One such spot are online classified sites. These sites provide similar services as you would get from a newspaper classified. Sellers can place ads online that describe a particular product for sale. Buyers browse these ads and contact sellers when they're interested. Online classifieds, though, are far more dynamic. They allow a merchant to display dozens, if not hundreds, of their goods with pictures and descriptions. And believe it or not, some online classified sites allow you to do this for free. Yes, that's free with an F.