Measure your Online Success – Online Selling

Measure your Online Success – Online Selling

This Decade we clearly see how Marketing & Selling transformed into one era to another era. Traditional Marketing converted to digital Marketing. traditional Selling Converted to Online selling. this huge transformation is effected to people in different ways.

Here I’m going to discuss one side of this. The winners of this Online Selling & Marketing.

1. What is online Selling

2. What are the resources to do this

3.How to measure your success.

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What is online Selling 

Online selling is to meet buyers & sellers to perform common goal. Buyers idea will be buying something & seller idea will be selling something. the place that people meet is the market place. here the difference is this market place built on cyberspace. No one physically knows each other. no one can physically feel the product or services. all the things depend on the credibility of the buyer & seller. If the Seller has more credibility about selling some certain product buyer will trust him and buy products from him. this credibility built in the previous sales that done buy seller & the feedback from buyers.


What are the resources to do this

Mainly, World famous online Selling Platforms are eBay, Amazon & AliExpress. Those markets work differently based on geographically.

eBay – USA, Europe, the Middle East & Asia Pacific

Amazon – USA & UK- Europe

AliExpress – China & Asia

 eBay 
“eBay Inc. is an American multinational e-commerce corporation based in San Jose, California that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in the autumn of 1995, and became a notable success story of the dot-com bubble.”
 
Amazon
“Amazon.com, Inc., is an American multinational technology company based in Seattle, Washington, that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is considered one of the Big Four technology companies along with Google, Apple, and Facebook”
 
AliExpress
“AliExpress is an Online retail service based in China that is owned by the Alibaba Group. Launched in 2010, it is made up of small businesses in China and other locations, such as Singapore, that offer products to international online buyers.”
(Source – Wikipedia)

analyticsHow to measure your success.

Measuring success is very important to any kind of organization. In the online selling sector, you need to calculate Product cost, holding Cost, Shipping & transportation cost and other related costs. then need to add the profit to the selling price.

 

Selling Price=Product cost+Shipping Cost+Other Costs+Profit

 

Digitally Google Analytics is ideal for Measure online business success. From Google analytics can analyse the following things

  1. Web Site Seasons – How many times visits the web site or page 
  2. Users – How many users visit page or site
  3. Clicks – How many uses click a certain product 
  4. Conversions – How Many Conversions/Sale happened
  5. Revenue – Revenue of the conversion
  6. addition to that Users location, device, channels & many more business-related things can analyse and can get real business decisions.

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