DAY 1: Analyzing The Viability Of Your Niche

In the next 3 weeks, there will be a guest post series about Search Engine Optimization and how you can improve and optimize any niche website. It’s been a huge topic from within my membership course and it’s something that can be easily outsourced. So let’s get started…

“Money isn’t the most important thing in life, but it’s reasonably close to oxygen on the ‘gotta have it’ scale.”

– Zig Ziglar -

Learn how to pick your own battles.

This may sound like a joke for many of you, but this is the primary reason why many sites or online businesses fail online.

Having a niche marketing strategy, that is focusing on a specific topic rather than a broad query allows you to perform better as you are competing with much less other sites on internet.

Your visitors will be much more targeted and thus will convert better.

Getting yourself into an overly competitive market is a recipe for disaster and a way to ensure that your site will never be found.

On the other hand, entering into an overly niche market may result in insufficient traffic volume to monetize your site or store and ensure your survival.

Remember, because you think you got a great idea doesn’t mean that other people share your feelings!

In the end, it’s all about money

Depending on the nature of your site, the way you plan to monetize your efforts may differ from site to site.

However, as a general rule, you’ll be monetizing your site through one or more of those following methods:

• Ecommerce– selling products, be it physical or digital.
• Affiliate Marketing– selling other people’s product and getting a commission for it.
• Advertising– selling ads space on your site.
• Services– selling your skills.

Regardless of the method you intend to use, you should have a number in mind as to how much money minimum you expect or you need to make out of your website for it to be worth your time.

I won’t elaborate much on it as this goes with all the information you should have gathered already in your business plan. You have one right? It would be foolish to start a business without one!

Ok, for the sake of illustration, I’m going to say that I want to start a new business online selling “nail polish”.

After my estimation, I also know that I’ll be making $1 profit for each bottle sold, and based on the marketing strategy I have established, I estimate that I’ll be able to sell 2 bottles to each customer in average.

Now, based on my expenses and personal needs, I want $2,000 of net profit per month to make this project worth.

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Magento Commerce Review – The Best Of Open Source E-commerce

There has been a lot of publicity surrounding Magento and if you have not heard of this software, then you must of been lost on an island. Since their launch back in the Summer of 2007 (31st March), this software has improved and evolved over the last couple of years taking in the tremendous amount of feedback from users. The company behind this project is Verian who are leaders within the open source industry. They have created a shopping cart that is feature rich out of the box and Magento Commerce has become a leading shopping cart for open source e-commerce platforms. I recently reviewed Zen Cart writing about the Pros and Cons, and if you haven’t read the review, I would suggest taking a look at it to use it as a comparison.

An Overview Of Magento Commerce

As of the date of writing this review, I have tested Magento Commerce version 1.3.1. It is one of the latest and most powerful open-source e-commerce solutions that I have come across. These are some of the features you will find within the box:

• Marketing Promotions and Tools
• Analytics and Reporting
• Search Engine Optimization
• Site Management
• Catalog Management
• Catalog Browsing
• Product Browsing
• Mobile Commerce
• International Support
• Checkout
• Shipping
• Payment
• Customer Service
• Customer Accounts
• Order Management

Rather than give rewrite the benefits of Magento Commerce has about their software, you can read more and try out their demo on their website at: Magento Commerce.

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WP e-Commerce Review For Wordpress

WP e-Commerce plugin for Wordpress seems to be one of the most commonly used (currently 175,000+ downloads) shopping cart system across the board. I’ve been testing the latest version 3.6.10 and it has a lot of additional features compared to review on eShop I wrote recently.

The WP e-Commerce Wordpress Plugin was developed by a New Zealand company called Instinct. Since this company has dedicated funds and resources to this plugin, I presumed they would want to make money from selling this plugin. Lucky for us, they didn’t and have been giving away this plugin for free. Though, the first thing you will see on the front page of their website is the following:

Home of the famous WordPress e-Commerce Plugin

The WordPress e-Commerce plugin is a state-of-the-art e-Commerce platform with a focus on aesthetics, web standards and usability. It is both free and priceless at the same time.

Now, being the state of the art e-commerce plugin is a bold statement and I have tested out numerous e-commerce software that I will be comparing this too. Let me review this plugin to test if their statement is true.

THE PROS

Easy Installation
It took me less than 5 minutes to upload and install without any errors or conflict with other plugins so far. I could easily find the newly created section in Wordpress administration called e-Commerce. It contained Sales, Products, Groups, Variation, Marketing and Settings links making it very easy to find what you need. I am glad they did this and made it simple.

Well Defined Categories / Groups Section
There is a self-explanatory tab that says Groups which allows you to add unlimited categories and subcategories to your shop. It’s very standard to see this available in e-commerce systems and it’s great to see this part of WP e-Commerce plugin. In comparison to other Wordpress shopping cart plugins they utilise pages to separate categories and it becomes a total nightmare without proper documentation.

Adding Products Is Easy
Adding products is easy when you click on the Products link. It offers a wide range of settings to customise your products including price and stock controls, shipping and weight settings, product variations, merchant notes, product downloads, coupon codes and promotions. These are very important when you have different products to sell and helps you distinguish between A and B product.

Widgets make customisation a breeze
What I’ve found quite handy are the customisable widgets that you can install on your sidebar as part of this plugin. A common widget people have on their website is the shopping cart. Having this displayed allows a customer to see what they have currently selected, then head to the checkout section to pay for all their items. The new widgets you’ll see in this plugin are: Shopping Cart, Groups, Categories, Price Range, Product Specials, Latest Products, Price Range and Donations. You can select anyone of those to display on Wordpress at any time.

Profit Using Marketing And Cross Promotion Tools Provided
Under the Marketing link it allows you to offer coupon codes for any product in your range. It’s a great way to encourage your customers to shop with the coupon code to follow through with a purchase. It’s a definite plus for me to have this tool built into the system. Some additional options you can switch on are:

• Cross Sales within your shop
• Show Share This (Social Bookmarks)
• How Customer Found Us Survey option

Many Payment Gateways Available and SSL Connection Included
WP e-Commerce comes with a few pre-installed payment gateways including Chronopay, PayPal, PayPal – Express, Google Checkout, and manual payment (for cash or money orders). If you want other payment gateways they offer such as Authorize.net or eWay, then you will have to purchase the Gold Cart Module. Also all transactions are processed securely through an SSL connection if you have SSL installed on your server.

An e-Commerce Plugin That Is Free
Lastly to top off the PROS, WP e-Commerce Plugin is FREE and it’s worthwhile to try it if you are considering using a shopping cart facility in Wordpress.

THE CONS

Lack Of Documentation
I am quite surprised from a company that has devoted resources and time to develop this plugin that they do not have a detailed documentation available. Especially when programmers develop a software there needs to be a way to track back and make changes, which is where documentation helps. So I was a bit disappointed. Their website has a very good “description” of each section but lacks in details on how to install, modify and add other functions. If you’re a beginner and do not have any programming experience then I would forget trying to tweak any of the files yourself because you will get frustrated reading through poorly organised code, with insufficient comments. I suspect they want to keep the details of the code within the company so they can offer add-on solutions they can sell.

Invoice Printing Is Not Available
This may sound simple to implement, but I am very surprised that this is not standard in their plugin. Most e-commerce software have options to allow you to print invoices, packaging slips (which is available) and labels. This is one area I believe they have totally overlooked. How do I print out an invoice to send to a customer or a label to put on my shipping box? I know you can just hit print on your Internet browser screen but what if I want to customise the invoice or label in different sizes? This is an area that Instinct needs to look at.

Inclusive of Tax Option Is Not Available
For business owners operating in Australia like myself, our customers expect that prices displayed have tax included. Unfortunately the plugin forces you to add tax separately at the checkout and only show prices excluding tax on each item. It’s another issue that needs to be address for future upgrades.

Lacking Reports
If you click on the Sales link, it will take you to a page showing sales for the month and columns of basic data, such as sales, pending transactions and closed transactions. There are no reports to say where your customers come from, no reports for sales of dollar amounts, quantities sold and customer item was sold to. These are usually standard within an e-commerce software and also very important to have if you’re running a business. One just has to look at ZenCart’s reporting system to get an idea of how comprehensive their system is.

Lack Of Template Options
A few other reviewers have mentioned about the lack of template options available. At the moment there are 4 or 5 of them, and most of them have proven to be not very useful. Additionally if you have a customised template for your blog, integration of this plugin can be a real nightmare because there are no detailed documentation on how to edit certain areas of this plugin.

Conclusion
I am still on the hunt to find a state of the art e-commerce plugin for Wordpress. I think Instinct have made a very bold statement about their plugin and personally I still see further development needed for this plugin to be a complete turn-key solution for an e-commerce site. For a beginner to use this plugin it maybe sufficient enough to do a few transactions per month. But for a business owner, I would still stick to other solutions available such as ZenCart, OsCommerce and Magento.

My rating for this plugin is a 3 out of 5 stars.

Tyrone Shum
e-Commerce Plugin Commentator