WebProNews - June 5th, 2001 The Daily eZine for eBusiness Executives ===================================================================== Protect Your Good Name Don't let anyone erode your hard-earned brand identity by poaching your domain name. Register your current web address with the newest domain extensions-.tv, .cc and .ws before someone else does. To see if the name you want is still available, search for FREE now at: http://www.webpronews.com/rd/netsol0605.html ===================================================================== IN THIS ISSUE: 1.)... Editor's Note by Peter Thiruselvam 2.)... Which Products Should I Sell On My Site? ===================================================================== 1.) EDITOR'S NOTE Hello WebProNews Readers, After World War II, secretive people eavesdropped on phone calls trying to get information that they considered "vital" to Western interests. This group seems to still be around. On May 29th, 2001, BBC reported a story that the group, now called Echelon, still survives. In fact, Echelon not only survives, but is actively reading people's emails and faxes, in addition to listening in on the phones. Here is a little of a BBC article which dealt with the topic: "Computer users across Europe should encrypt all their e-mails, to avoid being spied on by a UK-US eavesdropping network, say Euro-MPs. The tentacles of the Echelon network stretch so far that the UK's involvement could constitute a breach of human rights, they say." "The US has denied the system even exists, and the UK refuses to give details, except to say that communications interception is a vital tool in the fight against "dangers to society." "The Echelon operation is based at Fort Meade in Maryland, America, and at the UK's spy centre, GCHQ in Cheltenham." "It remained a shadowy system until an ex-director of the American CIA told French newspaper Le Figaro that it was being used to track electronic messages sent by European companies." Source: http://www.WebProNews.com/rd/wpnbbc060501.html I hope that you enjoy this article by the famous "drop-shipping" guru, Chris Malta. Best Wishes, Pete ===================================================================== Increase traffic to your site! FREE TRIAL! Are you tired of submitting your web site to search engines? Would you like to know how your site is ranked on ALL the top search engines around the world? Use TopDog to submit your site to hundreds of the top U.S. and international search engines, including YAHOO, and start watching the hits roll in! TopDog's advanced submission features and in-depth tracking reports will give you the power to get your site noticed! Awarded ZDNet Editors Pick and Tucows Head of the Herd. http://www.topdog.com/webpronews060501.html ===================================================================== 2.) Which Products Should I Sell On My Site? Far too many people make the mistake of trying to sell only products that they like on their web sites. Others make the mistake of trying to sell only the coolest and flashiest things they can find. The whole point of starting an Ecommerce web site is to make money. That's something you must not lose sight of (no pun intended!). Our business is to show people where they can find products to sell without investing a single penny in inventory. The approach is called drop shipping. This is where a wholesale distributor will ship a single item directly to your customer from their warehouse, AFTER your customer pays you for it. It's the perfect way to start in Internet business on a shoestring budget. The Directory we publish covers nearly half a million products, from over a thousand well-known brand names, available from dozens of REAL wholesalers who will drop ship. So why does everyone who uses our Directory try to sell electronics? Ok, I guess I did the same thing. When I opened my first Internet store, I plastered the walls of that place with things that I though were cool. Stereo equipment, DVD players, Computer components. The shinier the better. I had the latest technology up there. Some of the items cost thousands of dollars. I think that in the back of my mind, I knew that I wasn't going to sell much of it, but it LOOKED really cool. I could show it to my friends and say, "Check it out -- that's MY store!" They were all suitably impressed, and I could walk around feeling like I was pretty slick. Whenever any of them asked me how much money I was making, I cleverly changed the subject. The truth was that no one was buying much. Come to think of it, none of my friends bought anything, either. That should have told me something right there. Look, electronics are a fine product to sell on the Internet. I only use them as an example because it's a situation I can relate to. The problem is not the product; it's the COMPETITION. Most of the people I've seen start an Internet store want to know what the hottest sellers are on the 'Net, so they can sell those products too. They're missing the point, as I did. If you only sell the hottest sellers, you dilute your available customer base, because everyone else is trying to sell the hottest sellers, too! You also run into those bricks-and-mortar popular-item superstores that have millions of dollars to purchase tons of inventory at rock-bottom prices. People buy all kinds of products. They don't have to be cool or shiny. They just have to be things that people will buy. Here's an important ingredient for success on the 'Net: sell those products that people use, but don't stumble over every time they open a web browser. When we build an Internet store, we do a little research first. Since we build stores in Yahoo Shopping (http://store.yahoo.com), we do our research in Yahoo Shopping. We know that at least 90% of our traffic is going to come from the millions of people who surf through there with their purses and wallets flapping in the breeze. So when we consider a new product line, we start a search. If we were considering selling DVD players, for example, we would do a search on the term "DVD Player" in Yahoo Shopping. As of the date of this article, such a search turns up 7,813 DVD Players available from 496 stores. ===================================================================== Why Register an Alternative Domain? Get the name you really want! Domains like .cc and .tv are easy to access, work reliably worldwide, and are easy to remember and recognize. Great names are still available, but they're going fast! Click For Details: http://www.webpronews.com/rd/netsol0605.html ===================================================================== Do we want to become store number 497, add 20 or 30 products to the nearly 8,000 that are already available, and hope we sell something? I think not. Since we use our own Directory exclusively as a source of product suppliers who drop ship, we go back to the Directory and look around at some of the available product types. We notice that one of the wholesalers we list carries a complete line of Fiskars brand Yard and Garden tools. Will people buy these products? Hmmm...people HAVE been known to work on their yards and gardens, when they're not playing with their electronics. Fiskars is a well-known brand name, so our customers would feel comfortable with it. It happens to be late spring, so it's reasonable to assume that people will be buying garden tools for some time still this year. So let's check out the competition. We want to know how many other people are selling Fiskars products in Yahoo Shopping. So we search on "Fiskars". Only 54 stores selling Fiskars products right now! That's considerably better than 497 stores selling the electronics we were considering. Are these store devoted to selling ONLY Fiskars products? Wow! not a single one! All the top search returns are stores selling general merchandise. When we build a store, we like to specialize in one product line. There are many benefits to this; chiefly the fact that customers feel more comfortable in a store that does one thing, and does it well. It's also much easier to rank a single product line in the major search engines than it is to rank a general store with lots of unrelated products. Ok, we have a product line that we feel will sell, and the competition in the Fiskars brand name itself is minimal and unfocused. However, when people search for garden tools, they're going to use search words like "Trowel", and "Pruning". They're not going to search on the term "Fiskars" very often, unless they're looking for scissors. So, we go back to the Yahoo Shopping search engine. We search on "Gardening Tools", and we find 113 stores carrying 324 products. Still not much competition. Even better, NONE of these stores are focused on just gardening tools. They are gift stores, general merchandise stores, etc., who just happen to have the word "Gardening" somewhere in their product description. We know that we can put the word "Gardening" in our very product names themselves (ex.- "Gardening Trowel, Steel, 9 Inch"), and we will show up right at the TOP of a search on the word "Gardening". We search on the word "Pruning", and find 81 stores carrying 418 products. Still not a problem, since the top returns are BOOKS on pruning, and the rest are more unfocused sites. After a little more searching, we're convinced that we've found a product line that will sell well for the rest of the Spring and Summer. Since it only costs us $100 a month to open another small Yahoo Store, we more than happy to do it. In the Fall, sales will slack off, but we have other stores that are geared toward Fall and Winter merchandise. They are also small and focused, and no matter how many Yahoo Stores we open, we know that each one of them will easily cover it's $100 a month cost, and turn a profit of some kind all year 'round. Of course, now that I've opened my mouth and told everyone about Fiskars, we're going to have to scrap that idea and go back to the drawing board! That's OK, though...we have nearly half a million others to choose from. --------------------------------------------------------------------- Chris Malta WorldWide Brands, Inc. http://www.DropShipSource.com mailto:jmalta@cfl.rr.com Chris Malta is a Microsoft Certified Systems Engineer who has been working on, teaching about, and spending way too much time with computer systems for 18 years. He and his partners at WorldWide Brands, Inc., publish The Drop Ship Source Directory, which lists wholesale distributors of over 435,000 products from over 1,000 brand names who drop ship for web site owners. They use drop shipping exclusively to operate their own retail web sites as well. ===================================================================== Advertise to thousands of developers! For ad details & prices, click... mailto:Susan@WebProNews.com ===================================================================== We at the Editorial Team would like to thank all our readers for reading WebProNews. We hope you find this information useful. Be sure to check http://WebProNews.com for some free downloads and more great information. Sincerely, Peter Thiruselvam Editor mailto:Submit an Article to WebProNews..com ===================================================================== Invite your friends to subscribe to WebProNews or any of the other newsletters provided by eZined.com, part of the iEntry Network: http://www.eZined.com/ ===================================================================== --- WebProNews is an eZined.com publication --- http://www.WebProNews.com =====================================================================