HalfSwede
05-10-2007, 04:25 AM
Greetings!
I have a fully functional e-commerce site built and launched within the past year that sells gift certificates that can be used at spas and B&Bs across the U.S. (we also have a couple of golf courses signed up and a few restaurants). Many folks have told us (my partner and I) that it is a great concept because it is a unique gift certificate and because it gives the gift certificate recipient choices. There are similar sites, but they only sell gift certs for one industry (e.g. spas or B&Bs, but not both).
We put a lot of time and effort into the web site and it works very well. We have additional ideas that we would like to implement in Phase II. We launched just before Christmas and made some sales using PPC. The conversion rate, however, wasn't high enough...and the cost per click was too high...to continue using PPC. I have been busy with some other business since the beginning of the year, so really haven't put too much effort into selling more gift certificates. My other business venture is now slowing down so I would like to now get back to focusing on the gift cert business and "ramping up" sales.
I believe the business is a very viable muse as it is strictly web-based and the order fulfillment (sending the gift certs) can be outsourced once we have a "critical mass" of sales. My dream is to be laying on a beach in Aruba or traveling elsewhere and checking in once a week to see how many gift certs were sold that week.
Additionally, as we see it, there are really two channels for sales: individual sales through the web site (in which case we really need to do some SEO so that we can be found on the search engines), or, selling B2B, for example, to business owners and sales managers that could use the gift certs as a sales incentive or a "thank you" gift to client.
Here's my dilemma...I am still quite confident that the site is economically "viable" (in spite of lower than expected initial sales). However, although I was the person behind the original idea and immensely enjoyed creating the web site and all of the collateral, I am not sure I am the best person to drive the sales machine (i.e. contacting businesses that can buy 25, 50, or more gift certs per year).
So, my questions are...
Any suggestions to rapidly "ramp up" the sales machine short of having to cold call on sales managers myself?
I was thinking about outsourcing the telemarketing to India, but not sure how sales managers would respond to an "off shore" telemarketing cold call.
I have also considered giving away an equity position in the company for someone that can successfully bring in sales.
Thanks in advance for any comments or suggestions.
Cheers,
HalfSwede
I have a fully functional e-commerce site built and launched within the past year that sells gift certificates that can be used at spas and B&Bs across the U.S. (we also have a couple of golf courses signed up and a few restaurants). Many folks have told us (my partner and I) that it is a great concept because it is a unique gift certificate and because it gives the gift certificate recipient choices. There are similar sites, but they only sell gift certs for one industry (e.g. spas or B&Bs, but not both).
We put a lot of time and effort into the web site and it works very well. We have additional ideas that we would like to implement in Phase II. We launched just before Christmas and made some sales using PPC. The conversion rate, however, wasn't high enough...and the cost per click was too high...to continue using PPC. I have been busy with some other business since the beginning of the year, so really haven't put too much effort into selling more gift certificates. My other business venture is now slowing down so I would like to now get back to focusing on the gift cert business and "ramping up" sales.
I believe the business is a very viable muse as it is strictly web-based and the order fulfillment (sending the gift certs) can be outsourced once we have a "critical mass" of sales. My dream is to be laying on a beach in Aruba or traveling elsewhere and checking in once a week to see how many gift certs were sold that week.
Additionally, as we see it, there are really two channels for sales: individual sales through the web site (in which case we really need to do some SEO so that we can be found on the search engines), or, selling B2B, for example, to business owners and sales managers that could use the gift certs as a sales incentive or a "thank you" gift to client.
Here's my dilemma...I am still quite confident that the site is economically "viable" (in spite of lower than expected initial sales). However, although I was the person behind the original idea and immensely enjoyed creating the web site and all of the collateral, I am not sure I am the best person to drive the sales machine (i.e. contacting businesses that can buy 25, 50, or more gift certs per year).
So, my questions are...
Any suggestions to rapidly "ramp up" the sales machine short of having to cold call on sales managers myself?
I was thinking about outsourcing the telemarketing to India, but not sure how sales managers would respond to an "off shore" telemarketing cold call.
I have also considered giving away an equity position in the company for someone that can successfully bring in sales.
Thanks in advance for any comments or suggestions.
Cheers,
HalfSwede