  
| Author: | SurplusParts  | | Posted: | Apr 13, 2024 22:05 | | Subject: | Re: New Store! Any Feedback Appreciated! | | Viewed: | 54 times | | Topic: | New Stores | |
|
| In New Stores, PhyreZtorm writes:
| | Hey Everyone,
Opened my store just over a month ago but didn't know about this forum, so
thought I might as well look out for any feedback people might have..
The store is based in Australia and I started selling just domestically whilst
I took the time to figure out what I need for international shipping, pricing,
etc.
To which I think have got the information I needed and have opened up international
today in hopes to invite a larger audience as Australia is quite small compared
to the overall market from what I can see(around 4%).
I do understand that having more stock will be really beneficial and I have around
the same lot count in extra-storage that I am still yet to sort and add to inventory.
But as I have started this as a partial hobby, to get used to business-style
selling, etc, I only put a set starting amount of $1000 to build inventory as
well as a good amount of stuff I already had and am using any money made from
selling to reinvest back into more inventory.
Any feedback would be appreciated, whatever it may be.
Thanks in advance!
|
Hey mate,
Just a couple of things.
Firstly, you have a high minimum spend for a small store. $10 is a lot for a
store with only 7,000 parts. Most of the bigger stores in Australia have no
minimum spend or maybe a $1. To have a high minimum spend you need to have lots
of parts on offer so people can collate an order with a number of different lots.
Secondly, you don't have letter shipping at all? 70 to 80% of my orders
are shipped in small and medium letters. To have the cheapest shipping on offer
in your store within Australia at $11 is going to deter a lot of potential buyers.
Whilst letters don't have tracking, it is rare for them not to arrive.
Lastly, international shipping is expensive. So for someone to purchase from
a store in Australia you need to have things that are unique and hard to find
elsewhere. Common parts will be usually cheaper in their own markets. There
is no problems having international shipping, but it is rare to get an order.
Whilst Australia only has 4% of users, it has a disproportionate amount of stores,
740 currently open to be exact. USA has 6103 stores currently open, yet has
a much, much larger user base. It is difficult to run a small store in Australia
and get regular sales.
Best of luck
|
|
Message is in Reply To:  New Store! Any Feedback Appreciated! - PhyreZtorm (22) | Hey Everyone, Opened my store just over a month ago but didn't know about this forum, so thought I might as well look out for any feedback people might have.. The store [...]
(1 month ago, Apr 13, 2024, to New Stores) |
Message Has 1 Reply: | Re: New Store! Any Feedback Appreciated! - PhyreZtorm (22) | [...] Thanks so much for the advice! In terms of the minimum spend, that does make sense. My thought process was around ensuring enough profit to run viably based on less orders [...]
(1 month ago, Apr 14, 2024, to New Stores) |
7 Messages in this Thread: Msg 1 - PhyreZtorm (22) 1 month ago Apr 13, 2024 to New Stores
 Msg 2 - peregrinator (776)  1 month ago Apr 13, 2024 to New Stores
  Msg 3 - PhyreZtorm (22) 1 month ago Apr 13, 2024 to New Stores
Msg 4 - Dhobeck (33) 1 month ago Apr 13, 2024 to New Stores
Msg 5 « - SurplusParts (6251) 1 month ago Apr 13, 2024 to New Stores
Msg 6 - PhyreZtorm (22) 1 month ago Apr 14, 2024 to New Stores
Msg 7 - SurplusParts (6251) 1 month ago Apr 14, 2024 to New Stores
Entire thread on one page
This message and all its replies on one page
|
|
Australia, Victoria
