The Internet is a vehicle that has been used to escalate higher communications levels between people, companies and countries throughout the world. It means your online selling business does not just have to concentrate on local markets - nothing is impossible! If your business has a web site, this in itself means it is accessible by the global market, and it is vital that your business take advantage of this.
Internet selling is on the rise. There are many research studies and statistics that support this statement. A study conducted by Ipsos-Ried in February 2003 concludes that in the year 1999 only 28% of worldwide Internet users purchased a product or service online, whereas this figure rose to 62% in the year 2002 and is projected to be about 70% in the year 2005. Nielsen/NetRatings supports this finding with its own research.
The Web is a huge marketplace that has attracted businesses with its potential for big-time revenues. Dizzying success stories of ventures started in a basement that grew to become stock market's darlings are constantly parlayed in the media. Small businesses came to the Internet, tentative at first, and then in droves - eager to sell everything from fake estate jewelry to handcrafted tapestries.
You can sell just about anything from soup to nuts — as long as you have a product that has a market and an ability to get it (legally) to your customer.
Cross Selling
Another successful strategy similar to the ones discussed above is Cross Selling. One of the best examples of cross selling via the web is on http://Amazon.com. If you search for a book on the Amazon site, a message will appear on the same page, saying 'Customers who bought this book also bought…' and will list half a dozen other books for your consideration. This is an excellent way to cross sell additional services or content to your members.
You can also direct visitors to other parts of the site, to consider products and services that they hadn't previously considered. Successful cross selling is the result of recognizing a customer need and meeting that need with a useful product or service. Customers benefit from needs-based cross selling efforts because they receive the services they need and want.
Cross selling can help your business realize its objectives: providing useful services, retaining customers, attracting new customers, and staying competitive with other websites.
In conclusion, you can offer a range of products and services on the Internet. The key is proper research and a great marketing plan.