Wednesday, October 16, 2013

What business can be onlined?

Today let's talk about what can you sell online. First, you have to evaluate whether your business can be onlined or not first. In US, people even can sell cars online, do you think this can be happen in Malaysia?


For example, if you want to sell soft drink online, the cost will be RM1 + RM5 (shipping), then plus your profit margin is 50%, so the buyer will need to pay RM6.50 for buying a can of soft drink from your website.

I would say it is still achievable if you can add on some creativity to make the soft drink as niche as the others can't provide, e.g. add special drawing/packaging or even provide engrave service to the can, it is all up to your imagination.

Try to think how to make your product as unique as possible. Always empathize to a buyer's perspective, why I would buy a can of soft drink from you while the other shops just selling RM2, what so special about your services or products. Understand your customer's need is the key, maybe post a question on the status of your Facebook, you may find the answer.

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