Does
It Really Work?
Over
the years one of the most frequently offered business
opportunities
has been mail order in one of its many forms.
And,
there are certainly no shortages of claims as to its
profitability
- or books on the subject for that matter!
All
this is sure to lead you to stop and think 'But does it
really
work?' And feel it would be nice to know
the facts on
the
business. Not information from the
source - whose own
interests
are best served by you starting! That's
just what
this
book is.
From
the start we can certainly confirm that mail order does
indeed
live up to its expectations - even exceeding them in
some
cases! It can be a truly simple home
business - with an
absolute
minimum of outlay. And it can produce
profits
running
into several hundred percent!
The
rewards are certainly up for grabs. But,
as with any
other
business they don't come automatically.
They need to
be
earned, and be worked on. But it is a
business that
offers
the chance, where many others never can.
Read
on and we will reveal some of the secrets of mail order
-
and some of the tips you need to apply to realise this
exciting
potential to the full.
Why
People Buy Mail Order
There
is no doubt that people do buy by mail order - and in
vast
quantities. The good mail order business
can have a
much
higher customer turnover than one of the busiest shops.
But,
just why should this be? Consider why people buy by mail
order
- and always apply those reasons throughout your
business.
Mail
order buying is certainly 'easy' - an important reason
for
any business success. So, be sure always
to keep buying
easy. It's far more convenient to post off your
order -
rather
than trek round the shops!
More
often than not, mail order offers far greater choice
than
retail selling. It can be successful
supplying even the
most
specialist demands.
You
will usually find that mail order products are cheaper
than
similar shop bought products. The mail
order operator
must
always try for this - but it's a great reason for the
customer
too! Special offers are popular.
A
very personal and individual service - that should be mail
order. You can buy things you won't buy in a
shop. And,
there's
the opportunity to return them without problems.
An
important reason for the success of mail order is
excitement. Yes, it's a major reason. Waiting for that
special
order to arrive can be a big reason for sending for
it
in the first place! This should never be
under estimated
as
a reason for mail order use.
You
may well be able to think of other reasons why mail order
works. Whatever they are do remember you should make
use of
them
in your business. Exploit every single
advantage
possible
- or mail order may disappoint.
Building
Mail Order Profits
It
is also interesting to consider why mail order is
desirable
from a business point of view. After
all, it seems
a
more complex business that just selling goods in a shop.
Why
is it worth selling through the post?
One
major initial advantage is that mail order has very
little
overheads. You can operate quite a large
business
from
home. And, you don't need equipment - or
staff which
can
be very expensive. It's the ultimate cut
cost business.
Indeed,
it needs to be.
Mail
order operators also tend to build their profits by
selling
goods in volume. This usually means
specialising in
a
limited range - unlike a shop that sells a full range.
Restrict
what you sell so you can obtain at more desirable
prices
than a low volume shop.
One
of the most obvious reasons for mail order profitability
is
that the goods sold are selected for their huge profit
margins. For best chances of success this needs to be
as
much
as 200-300%! Unlike a shop, which needs
15-20% to
succeed. So, do realise that mail order profits hold
no
special
'mystery'. They are made because only
products with
very
high margins are selected - not because of any major
formula!
Perhaps
the major reason for mail order profits is that the
trader
is so dependent on repeat trade. For
example, once
the
customer has been obtained the trader hopes to make more
and
more sales to that same person over a period of time.
Profits
are made by a satisfied customer buying again and
again. Not by a string of new customers. If your mail order
business
does not exploit repeat sales it just cannot thrive.
It
is so important to realise that there are definite reasons
for
building mail order fortunes. The truth
is that these
fortunes
are possible - but only if you follow certain
accepted
procedures. Mail order success does not
come by
chance
or 'just doing it'.
Once
you've grasped the basics then 2 further points are
vital
to success. These are deciding what to
sell - and then
selling
it correctly. Both parts of a business
must be done
correctly
for a chance at success. Let's now
consider the
truth
on some of these points!
What's
Best to Sell?
Those
who tell you a mail order business can be successful
selling
virtually anything are wrong. Quite
simply, for the
best
chance of success a mail order trader just sell certain
types
of goods. Ideally, choose things that
are already sold
by
mail order, and have been for a long time - since they are
without
doubt winners!
There
are certain set characteristics a mail order product
must
have to succeed. Consider this list:
-
High profit margin essential.
-
Must look/sound exciting - and be able to be advertised in
an
exciting way.
-
Should be something that appeals to a very wide customer
group.
-
Fairly light, small and portable.
-
Doesn't require any back-up.
-
Should ideally have potential for complementary sales.
-
Should be 'used up' and require re-ordering if at all
possible.
-
Has absolute minimum chance to give complaint.
-
Ideally not available easily, if at all, in shops.
-
Exclusive in some way.
-
Proven - or if new based on something proven.
-
Reasonably priced - and cheaper than any other source.
You
may be able to think of other qualities that would make a
good
product for selling by post. And,
although no single
product
will meet all the requirements it is a question of
the
more the better!
When
considering specific products to sell by mail order you
must
think in terms of the products that are already
successfully
sold this way. New ideas might work -
but they
could
just 'flop'. To be sure of profit stick
to the old
faithfuls. Just because you sell a product by mail order
doesn't
mean it is automatically lucrative!
That
successful mail order product should be exciting to buy
by
post. Make it something everybody
wants. Make it a
better
idea to buy mail order than buy from shops.
And, not
least,
make it something you can easily buy in and handle.
That
makes a big difference to your products - and your
profits!
You
will no doubt be able to think of some existing mail
order
'successes' - so why not copy them. Some
of the most
popular
are:
Clothes
- Books - Kitchen Items - Gadgets/Gifts - Small
Furniture
- Gifts - Office Equipment - Garden Products -
Hobby
Items - Services, e.g. Printing - Household Goods.
Of
course, there are many others! But it's
important to
realise
it is not 'anything' that sells profitably by mail
order. Only certain things sell well.
When
you have decided what to sell it is vital to arrange a
reliable
supply. This way you don't need large
capital-eating
stocks. You must get a good supply at a
really
cut price. Bulk orders are a must. Wholesale sources
are
rarely suitable. Look at the cheap
sources - like
importing
of buying direct from the manufacturer.
For
a good mail order business you've got to take some
stocks. Don't be tempted by the idealistic thought of
'dropship'
selling.
If,
once tried, it doesn't sell successfully then forget it.
Be
ruthless!
How
to Advertise
A
really crucial part of mail order selling is advertising.
It
is perhaps the most difficult part to get right. Having
said
this it doesn't need to be expensive.
And, getting it
right
can lead to a runaway success - even for the newcomer.
Don't
expect just to 'advertise and sit back' though!
An
important matter is deciding where to advertise. The
answer
to this is where mail order traders already advertise
-
don't try anywhere new. Both newspapers
and magazines can
be
equally good. Make sure they are
national publications
though. Local advertising will not work.
The
publication should be one more than likely to be read by
buyers
of your product. And, you must advertise
in the
appropriate
sections. A continuous plan of
advertising is
necessary
- so allow the capital.
Evidence
shows that classified ads. are by far the most
economic
and successful for most mail order products.
So,
take
some time to devise the very best you can.
Don't think
large
display ads are always better!
An
important principle of mail order advertising is
'testing'. This means that you must keep trying, and
improving,
difficult wordings until you find one that gets
the
very best result. Place a 'key' (code
number) in each
ad,
so you know which works best. Never
believe that you can
get
a best selling ad first time round. All
the best are the
results
of many weeks of testing and improving.
Once you
have
found that illusive ad though you should stick with it -
it
could earn thousands!
New
mail order traders usually underestimate the importance
of
advertising - and allow too little capital for it. The
truth
is that it can sometimes take more money in advertising
than
the cost of your products. Bear this in
mind when
stocking
up!
There
is nothing really good about writing a good ad - almost
anyone
can do it. But you should note that a
successful ad
is
usually the work of careful work, over time - not
necessarily
skill, and never chance!
An
interesting way of selling by mail order is selling by
mailshot. That is, you mail out attractive circulars to
potential
buyers - the names and addresses of which can be
hired
from 'list brokers'. This can be very
successful.
Though,
ensure your product has sufficient profit to stand
the
cost. It's also not quite as easy for
newcomers as the
established
mail order trader.
Once
your advertising starts working then you can sit back
and
bank the cash - just like all the promises you hear!
Though
always keep improving your ads.
Despatching orders is
the
easy part. But, it must all be done with
care. Above
all,
keep careful records of all your sales - and your
customers. Based on that, mail order can expand from
strength
to strength!
Something
You Must Know!
It
is true that you can make a great deal of money from mail
order
selling of just a simple product. But,
as with any
good
business, it is never as simple as that!
As
we have already said success in the business does depend
on
repeat custom. You can never thrive on
all new customers.
Once
you have sold one item to a customer you must try to
keep
selling to them. The main result of this
is that you
must
gradually expand your range. And, you
must add only
complementary
products - products the initial buyer is likely
to
be interested in. This might be an
awkward, but
essential,
governor on your business.
And
remember, if you are to get repeat sales you must satisfy
customers. They must get a good service and good
value. You
won't
get away with a poor deal!
One
final tip is that you must always make full use of past
customers
by mailing news of new products to them.
They are
much
more likely to buy than 'unknowns'. You
must make use
of
them to succeed financially. There is a
lucrative
spin-off
of this in that you will need to compile a mailing
list
of past customers. This can then be
hired out to other
mail
order operators for considerable extra income.
Just
like a shop a mail order business depends on its
'clientele'
- Cultivate your customers!
The
Final Word
It
would be possible to go on for ever giving tips about mail
order. And, if you're seriously interested there are
many
more
sources of advice on the 'nuts and bolts'.
This guide
has
just tried to show you some of the ins and outs you
rarely
find elsewhere!
With
confidence, we can say that mail order can be a hugely
successful
business. It almost certainly will do
well - but
you
can't take it for granted. There's no
'magic' in mail
order
- but it's certainly very sound!
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