The Easiest Way to Start a Dotcom, and Fail...

I am often disheartened by the educational gap that exists with regards to starting a business on the Internet. Unless someone has a real world business or store with a physical body that promotes walk in traffic through marketing and advertising, there is no good reason to start a dotcom.

Perhaps it’s been the media hype, or the direct responsibility of individual companies who try to “sell” their wares, by recruiting individuals through infomercials, seminars or even worse multi-level marketing, but there’s too many people out there who venture on the Internet with websites that just don’t make any sense. And ultimately, make no money.

An example:

A large company that manufactures or distributes products, will hold a seminar, for a small fee or for free, about creating a fortune on the Internet. Individuals attend, and are taken through a roller coaster ride showing all the profits they could make, the mass population they can sell to, and then are encouraged to buy a pre-built website, or become an affiliate, or something of the sort. After that, they’re given a huge superstore to sell from, and they receive a commission on any sales from their site.

These websites sell clothes, electronics, toys, sporting goods; you name it. The individual begins with energy, and convinces friends and relatives to use the site, and perhaps makes a few dollars. Then it’s time to market to the wider public, and they find themselves failing miserably. It’s easy to see why: No Niche. No research. No Marketing Strategy. No Advertising Budget. No Clue!

Look, if Amazon, sometimes considered the King of the Internet, is chided for diversifying too much, and not focusing on their niche, how can an individual expect to do so and succeed?

When someone comes to me with a website selling these general consumer products, I ask them some simple questions, to drive the point home.

 

Example:

Client: We resell electronics, every kind of equipment you might need.

Me: Ok, so tell me about your competition.

Client: Well I’m not sure. Maybe the other people who signed up with this company, or Radio Shack and those stores, some other websites too.

Me: How about Best Buy? How about Amazon? Would they be your competition?

Client: Yes, those too.

Me: Ok, so you’re competing with Amazon, Best Buy, Walmart. What I suggest is a nationwide mailing and television campaign, should only run you a couple of million, and then you should be able to put some pressure on Amazon and the others and possibly make some real money.

Client: Silence.

Yes, I’m exaggerating, but not too much. It happens, and it makes me livid. Not because I’m mad at the client, they’re usually hard-working and just looking for a break. I’m mad at the companies trying to make a quick buck selling their packages, and I’m mad at the web designers who build websites for people without educating them about their prospects for success. To me, there’s a moral responsibility to tell the client when they have a bad idea. Call it full disclosure about the Internet.

Unfortunately, even with this kind of full disclosure to the client, some still insist on moving forward with their ill conceived plans.

Anyway, enough with the ranting; many of you know this already, and don’t have one of these enormous consumer sites, so what can you take away from this article? Niche. Niche. Niche. You could be making the same mistake, on a smaller level, by trying to be all things to all people.

Do one thing really well, and prosper.

Try to be all things to all people, and well, you know what happens then.

MARKETING:

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Dotcom Failure...

Internet Marketing...

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