£100k In First Month = £5m T/O In The Mail ?!?
Discussion
http://www.mailonsunday.co.uk/money/smallbusiness/...
Girls pound shop obviously got a boost from being on the BBC but its a bit of an insult to MoS readers (yes its in the paper) to think that wasnt a BBC produced surge and its sustainable in fact they probably made a loss on the £100k due to not being set up for the orders.
Girls pound shop obviously got a boost from being on the BBC but its a bit of an insult to MoS readers (yes its in the paper) to think that wasnt a BBC produced surge and its sustainable in fact they probably made a loss on the £100k due to not being set up for the orders.
Carriage, return policy and loss - none apply to a shop and will be huge.
Distance selling regs could kill them if enough want to as they have to pay return post, someone buys an electrical item, says its faulty, returns it and they say they test everything - yeah right that won't last long. They will spend all day on the phone and email doing returns as I'm sure Babz media do but they sell for more than £1
Distance selling regs could kill them if enough want to as they have to pay return post, someone buys an electrical item, says its faulty, returns it and they say they test everything - yeah right that won't last long. They will spend all day on the phone and email doing returns as I'm sure Babz media do but they sell for more than £1
Return post cost is much more than the cost of the item never mind the profit. Changed mind? Just say its faulty this aspect won't even occur to them until an avalanche hits them which it surely will as online selling tat the returns will be circa 5% - sell 100,000 things get 500 back to test, process and refund or replace at your post cost.
I couldn't think of much worse. Thousands of tiny items that have to be packaged and posted for tiny margins. The logistical challenge sounds horrendous. You'd need people paid the absolute min wages plus a ton of people to deal with phone calls etc. That said, I do wonder how many people would bother to call an enquire/complain or return items.
Frimley111R said:
. That said, I do wonder how many people would bother to call an enquire/complain or return items.
You can have a guess,say 10 nutters a day is enough to drive you nuts plus they are using Yodel!!, I didnt factor in server costs that on such a poetentially busy site will EASILY be the cost of renting a shop circa £500 a month minimum, add the SEO and Web monkeys at circa £700 a month (maybe less) and I am fascinated by this project.DSLiverpool said:
Frimley111R said:
. That said, I do wonder how many people would bother to call an enquire/complain or return items.
You can have a guess,say 10 nutters a day is enough to drive you nuts plus they are using Yodel!!, I didnt factor in server costs that on such a poetentially busy site will EASILY be the cost of renting a shop circa �500 a month minimum, add the SEO and Web monkeys at circa �700 a month (maybe less) and I am fascinated by this project.
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