Direct to Consumer private label brand ecommerce diligence
December 04, 2020
by a searcher from Indiana State University in Minneapolis, MN, USA
Looking for help/advice on diligence of an ecommerce direct to consumer brand.
December 04, 2020
by a searcher from Indiana State University in Minneapolis, MN, USA
Looking for help/advice on diligence of an ecommerce direct to consumer brand.
from Babson College in Raleigh, NC, USA
More broadly, consider sources of traffic, product differentiation and variation, and fulfillment. The scale of an online business makes it potentially attractive, but you also face worldwide competition to a greater degree than a traditional business. The 3 or 4 major traffic sources tend to control the market, and can be fickle. In addition to cost per customer acquisition, look at how it has been trending over time and run your own numbers.
A huge opportunity for most online businesses is developing the customer relationship through content, email marketing, referral systems, and add-on sales opportunities to help reduce the reliance on cold traffic. Most do it to some degree, but not nearly to the extent possible.
from Arizona State University in Las Vegas, NV, USA