Posts Tagged ‘new online business model’
Wednesday, November 4, 2009 | Written by Erik Rostad
Posted under: Entrepreneurship Stories, International, Website Design |
Tags: new online business model, relaunch website, website redesign |
1 Comment
Don’t discard your floundering website business just yet. Perhaps there is a way to relaunch the business in a way more suited to meeting market needs.
In 2007, I launched a website while living and working in Lima, Peru. The site was called My Inka Link and I worked with local Peruvian suppliers to sell traditional products directly to clients in the USA. The business model was unique in that the products shipped directly to the doorstep of the buyer from the artisan in Peru.
After moving back to the USA, I disbanded the website as it became harder to work with the suppliers in Peru from the USA. The site was non-active for about a year and I have just decided to relaunch the site.
About a month ago, I received contact from one of my supplier contacts from Peru who was interested in selling new products on the My Inka Link site. So I redesigned the site and am now selling this supplier’s goods with the same Direct to the Consumer business plan.
I write about this because I never thought I would relaunch the business. But I was able to relaunch it with a completely updated product offering by just re-establishing contact with one supplier.
Where is your online business today? Are you losing market share, website traffic, and sales? Is it time for a website redesign? Is it time to update the business model or business plan? Has competition rendered your product a commodity? Don’t give up and remove the website. Rethink your business and the market and respond in a way that meets the needs of the marketplace.
Tags: new online business model, relaunch website, website redesign | Posted under Entrepreneurship Stories, International, Website Design | 1 Comment
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