Overview...
Hardly a week goes by now without a large retailer
announcing it's going online. While many companies
are embracing visions of developing their Internet
identity, a greater number are lagging behind
in turning that vision into reality.
In
today's global retail marketplace, successful
chains are steadily beginning to understand
the power of the Internet. The Doubting Thomases
of the footwear industry should realise that
the web won't threaten a brand's existence,
but without even a modest Internet presence
it will face certain alienation. In 1995, when
there were a scant 19 million Internet users,
the American Research company IDC predicted
a new economy built on a base of over 1 billion
people connected to the Internet by 2005. Today,
there are over 200 million online.
Internet
retailing is fast becoming conventional wisdom.
It has the potential to generate new markets,
customers and revenues; service individual consumers'
wants and needs; provide 24/365 access to products;
eliminate time and geographic barriers; provide
retailers with knowledge that can be used to
improve overall profitability; and create new
lower cost structures.
However,
due to confusing media coverage, the Internet
and online shopping have presented the retailer
with twin visions of heaven and hell. Too often
in the past companies felt bullied into creating
their online presence and their internet experience
tells a tale: unrealistic expectations, low
consumer traffic, poor web design, difficult
navigation, low transaction volume or lack of
cohesion with other corporate projects. Building
a website is a long-term commitment that will
require time and maintenance. By itself, a website
provides little or no benefit without a business
plan in place to ensure that the new venture
achieves the desired goal. Who would seriously
consider setting up a traditional organisation
without careful preparation, investment, marketing
and staffing? The important questions to ask
are:
|
What do you want to achieve?
|
| Who
is the target customer? |
| What
is your unique selling proposition? |
| What
products will the target customer buy?
|
| How
can you get the target customer to visit,
buy, revisit and repurchase? |
| What
will the impact be on the organisational
structure of the company? |
| What
will the impact be on revenue and margins?
|
| How
will you advertise and market your site? |
E-commerce
soared from the fringes to the mainstream for
businesses and individuals in 1999: now in the
year 2000, consumers can take advantage of cheap
appliances, free Internet access services, devices,
and software, and web-enabled mobile phones.
The predicted shift of women from an online
minority to parity also contributes to the positive
statistics, as well as secure transaction facilities
and international diversity.
As
the Internet is growing at such an phenomenal
rate on the corporate front, join other companies
now who already enjoy the benefits of working
with Shoeworld.com. Become part of a structure
of online directories which boast established
audiences, work with an experienced team who
understand the evolving internet user, and take
advantage of high listings in the major search
engines.
John Griffiths, managing director of Internet
software supplier Intershop claims, "There is
no reason why retailers should be fearful of
taking advantage of what the Internet has to
offer. They are not going to be overwhelmed
by technical details and there's nothing inherently
different about selling on the Internet to selling
on the high street." With hindsight, it is incredible
to think how many businesses are still waiting
to develop their Internet strategies, when all
around them the success stories have been valued
at millions of dollars...
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