
May 10, 2003
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WHAT'S NEW?
The ImagineNation website is new or at least the product of a major
upgrade. We hope you'll have a look and find the navigation scheme a lot
better than before.
ImagineNation.com
Did you know that non-travel, on-line retail buying is fast approaching one
billion dollars a week! Did you know that the FTC compiled over 51,000
auction fraud complaints last year?
Niche markets are the gold mines of the Internet. We're saying it again!
They offer selling opportunities that don't compete with the big guys and
a chance to sell something you know a lot about. Niche markets may not make
you rich but, they can be a lot of fun, meeting people with common interests
and making you a few bucks along the way.
So, this month we want to explore ways of uncovering niche and micro
market opportunities. Also be sure to check out our review of
Woodburner.com. This site defines all of the best qualities for selling
into a niche market by using vertical integration.
If all of this seems a little heavy at times, take a light hearted break at
ShoppingCartAbuse.com
Team....ImagineNation |
E-ComTips
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Using the E-Commerce Internet ...making money |
FINDING A NICHE MARKET
Nearly everyone has a hobby, special skill, avocation, or burning interest
in something. These interests can point the way to a niche market that can
be exploited for earning a little extra money using an Internet storefront.
Read below about the Woodburner.com business as a prime example of turning
a hobby into a viable business.
As much as we all like to think we're unique, and we are, we're usually not
unique in our interests. No matter just how esoteric your interest is,
we're willing to bet that there are other people out there with the same or
similar interests. So let's have a little fun, pick something really weird,
and do a search at Google.com to see what turns up. This month's flavor
is: EDIBLE BUGS. Pardon the pun.
Our search turned up about 21 thousand results. There was even a cook book
and a "Bugs for Sale" site. It turns out we weren't being very sophisticated.
We should have been searching for EDIBLE INSECTS; or even better,
entomophagy but, then we would have gotten only about 800 hits.
The point is, no matter how esoteric your interests are, there is probably
a market waiting to be served. In the case of the bugs, it was a whole lot
bigger than we ever expected. What an opportunity to open up an Internet
store selling edible bugs and providing information and resources for all
of the bug eaters worldwide.
YOUR MARKET
OK, so bugs aren't your thing but, you get the point. You may not think
that there are other people with your same interests but, there are.
Try finding a bug store in your community! This is why there is gold in
the Internet and you can get to it through an on-line storefront. Your
neighbors may not share your interest but, you can bet that there are
thousands of people worldwide that do and it takes the Internet to get
to them.
In some respects, the more unusual and specific your business is, the
greater will be your chances of success because the competition will be
limited and the potential customer's need will be greatest.
For instance, you may be an audiophile or guitar player that's
really into tube amplifiers. An Internet search will turn up quite a few
resources: many amplifier kit sites, some old tube sites, and a lot of
expensive equipment but not many antique amplifier stores. So how about
getting out and searching the byways for antique shops with old electronic
equipment. Most of them will know an antique radio when they see one and
price it accordingly but, we'll bet an antique amplifier will be cheap.
Take it home, fix it up, offer it on-line, and you have the beginning of
an Internet business.
We can't kid you though. Getting your website known will be more than half
the battle. You're going to need visitors to make sales. Working in your
favor though will be the search engines and the uniqueness of your business.
Unique websites will be searched for using fairly specific search terms.
So, it is likely that your site will appear in the first couple of pages
of a search result. Therefor, be sure to submit your site to the top ten or
so search engines and directories. See our past newsletters on
"Getting Known" for specific information on search engines at:
http://www.imaginenation.com/Public/Newsletters/index.htm
The Staff
Team ....ImagineNation
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Did you know you can take credit cards at your
Internet store without a merchant account. Learn more about our
IAMS
Merchant services
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There are lots of advantages to subscribing to
an IAMS account and a couple of compelling reasons:
Everything you'll need is in one easy to use location, including free use
of our award winning PeddleGold storefront.
Take a look at the advantages of subscribed services.
View a demonstration IAMS order management console.
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Recent Changes
Improvements Upgrades Stories |
Woodburner.com
Here's a hobby that probably 98% of our
readers have never thought about. It first became popular during the early
part of the 20th century as a part of the Arts and Crafts movement in this
country. As the company name implies, it's about burning wood. Hey, we're
all good at that! Technically it's known as pyrography. It's a technique of
using moderately heated tools to inscribe designs and pictures onto wood
surfaces.
This is a creative art form for just about anyone. You can produce some pretty
good results without being a Cezanne or Monet. And you'll have a lot of fun
doing it. And that's what the Woodburner site is about.
It is a vertically integrated site devoted to everything wood burning. It
has all you'll ever need to get started and to advance your skills. It has
books, instructions, tutorials, tools, patterns, a message board, a gallery,
a resource center, FAQs, and even a newsletter. If you think wood burning
is just a few burn marks on a board, have a look at the gallery; you'll be
amazed at the creative level that can be achieved.
Woodburner couldn't be doing it better! By vertically integrating and offering
everything you'll ever need to pursue this hobby from one location, they
command customer loyalty and frequent return visitors. The bottom line
...frequent selling opportunities.
Try getting this kind of service from your local department or hobby store,
if you can even find one with Woodburning supplies. This is a prime example
of how to exploit a niche market using the Internet, while making money,
and having fun in the process.
Woodburner.com is an on-line only enterprise which makes good use of search
engine placement and viral marketing to attract customers. Check it out.
Thats URL, http://woodburner.com or link,
Woodburner
Team ....ImagineNation
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Tips 'n Tricks
HTML tags shown here use the caret (^) instead of
braces <> for proper rendering.
Brackets are represented by the curly bracket symbols ({}). |
A number of clients have recently enquired
about entering off-line orders received through the mail or telephone and
processing a credit card in payment. This can be done quite easilly
through a webPeddle or PeddleGold storefront.
Obviously you can use your on-line store and enter the order for the
customer. Just as easilly, as long as you have a copy of the store on
your computer, you can open the local copy by double clicking on the
peddlegold.htm or webpeddle.htm container files and entering the customer
order. You just have to be connected to the Internet when doing this.
Other circumstances though, may call for a different approach. For
instance, you may be at a trade show with your laptop computer and want to
enter "show special" orders with different description and price
information. The solution here is to make a duplicate copy of the entire
store folder and save it under a different name. In the case of webPeddle
the default name was "NewStore", and for PeddleGold, it was PeddleGold.
Now go to the newly created folder and change the database entries to the
desired values. Again, as long as you have an Internet connection, you
can enter orders directly from this new storefront right from your
computer and simultaneously process credit card payments.
Over the next month or so, we will be upgrading the IAMS order management
console. One of the additions will be a manual order entry form so you can
place an order without the storefront and process a credit card payment.
The BakPak console already has this capability.
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