Consumerization new buzzword for Service Retailing. Incubation to Implementation – Retail Insights Pioneers. Sales@theretailinsights.com || skype – retailinsights

Retail Insights Pvt. Ltd.
Retail Domain-Led Digital Transformation (Connected Customer Experience)

Consumerization new buzz word for Service Retailing. Incubation to Implementaion – Retail Insights Pioneers. Sales@theretailinsights.com || skype – retailinsights

July 17, 2015April 11, 2023

How do we implement “On-demand Pick Up Services” Anything, Anytime Anywhere for B2B and B2C”? sales@theretailinsights.com || skype:retailinsights

How do we implement “On demand Logistics Services” Anything, Anytime Anywhere for B2B and B2C”? sales@theretailinsights.com || skype:retailinsights

September 4, 2013April 11, 2023

Starting A Business Online Is Ideal…..

Ways to Start an Online Business

You don’t have to be physically present to make money. Your computer can take orders for you even while you sleep.

There is little or no overhead to maintain your website.

Most if not all of the backend software is already written for you. …All you have to do is to set things up and customize it.

These days, opening up your own online business is easier than ever thanks to the many services and free software available on the internet. In fact, you can start an online business completely from scratch for as low as 300 dollars a month!

In order to make money online, you have to have goods to sell to the end customer. And to sell goods, you have to have a storefront. I’m going to show you just how easy it is to open your own online store in 5 easy steps and I will cover these 5 steps.

Options are…

When most people think of owning a store, selling and delivering physical goods is usually the first thing that comes to mind. However, shipping physical goods is only one of the many ways to make money with an online store.
Did you know that you can setup up your store such that all you have to do is take orders and have the manufacturer fulfill them for you? Have you ever stopped to consider selling informational products that require no shipping whatsoever? I’ve outlined below the various ways to make money with an online store along with the pros and cons of each.

Dropshipping

Dropshipping is one of the easiest ways to start an online store without ever having to worry about carrying inventory. Once you have set up an arrangement with a dropship distributor, all you have to do is set up your online store and take orders. As orders are received, you simply pass the customer information along to the distributor who is then responsible for delivering the actual goods to the end customer. The profit you make is the difference between your selling price and the wholesale price you’ve negotiated with the vendor.

Selling Physical Goods With Inventory

This is the most traditional way of making money via an online store. You purchase physical goods from the manufacturer at a wholesale price, stock inventory and ship the goods directly to the end customer. It sounds like a hassle and it definitely can be troublesome at times, but the profit margins are extremely high compared to dropshipping. It is because of the high margins that opening up a traditional online store is one of the fastest ways to make a meaningful amount of money in a very short period of time. The negative aspect of opening a traditional store though is that it involves greater risk because you have to put some of your own money up front to purchase inventory.

Opening up a traditional online store has been an extremely profitable venture

Selling Your Own Goods

Not everyone has the intelligence, creativity and aptitude to sell their own goods created from scratch, but those that do so successfully make the most profits of them all. The hot ticket items to sell online these days are informational goods. Why? It’s because you don’t have to ship anything physical. You can deliver informational products with a simple download once payment is received.
If you have a special talent or possess knowledge that is scarce, selling your own goods is definitely the way to go. Best of all, you get to keep all of the profits.

Selling as an Affiliate

Becoming an affiliate is very similar to being a drop shipper except that you carry no responsibility whatsoever. All you have to do is to refer someone to a product or service. If that person makes a purchase, then you get a cut of the sale. Once the sale is made, you are out of the picture altogether. Being an affiliate is by far the lowest energy way to make money. Unfortunately, it also carries the lowest profit percentage.

contact: sales@theretailinsights.com||+917795001231||skype:retailinsights

September 3, 2013April 11, 2023

Choose the right partner to Go Online (Retail Insights plus Magento)…first step towards multi-channel (www.theretailinsights.com)

Omnichannel partner in India

Go digital or Die: Retailers finally embracing online shopping

We know that 87% of retailers are heading online on a weekly basis for work-related tasks. But what exactly are they doing, and how does the web help them run their business?

Here’s a breakdown of the numbers:

69% go online to order from their distributor or wholesaler. We hear time and time again that retailers love online ordering because it streamlines a time-consuming process, and it helps with inventory management.

67% go online to do their banking. Online banking saves time and allows retailers to choose when and where they do their banking. For busy retailers, this can be a great time-management tool.

60% go online to research new products and information. There’s a lot of information on the web, and retailers are taking their education into their own hands by heading online.

46% go online to communicate with their sales rep. Retailers and sales reps are busy, but steady communication is more important than ever. Email is a great way to stay in touch with your rep to ensure you’re not missing out on tips, deals and offers.

25% go online to engage in social media. Connecting with customers outside of the store is important, and many retailers are beginning to see the benefit to this type of social engagement.

21% go online for remote access to their store via laptop or smartphone. Technology affords many retailers the opportunity to check in on their stores when they’re not there. This is a great tool for single- or multi-site owners who can’t be in their store all the time.

16% go online to read and participate in industry forums and blogs. Other retailers represent one of the biggest learning opportunities, and going online to connect in a blog or forum is a smart way to build a community of like-minded individuals.