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June 3rd, 2007
| Jun 3, 2007 6:03:17 AM -
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| | T-Shirt Lover T-Shirt Fan
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| One percent rule Hi
I recently came across some info on here regarding the 1% rule of sales which has really made me think. For anyone that doesn't know, it seems that agood rule of thumb is that for every 100 visitors you have to your t shirt site, you make 1 sale.
To cut a long story not so long, I wanted to set up a small online t shirt label about 4 years ago but realised I was grossly underprepared. After quite a bit of research, I decided to set up a website which would attract the exact target audience I was hoping to sell to so that when I eventually came to set up the label, I would have free marketing.
The site I run now gets around 3000 unique visitors a week and I am about to sponsor the site with the label and advertise it on every page. However, by the 1% rule which generally applies to all marketing too it would seem, of the 3000 visitors a week, 300 would visit the label website and 3 would buy per week.
3 a week!? I'm now bricking it cos setting up the label has taken me best part of 6 months. Perhaps because all visitors will be the exact demographic I'm looking for I shouldn't pay too much attention to this rule?
Any thoughts or advice would be most appreciated? | |
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June 3rd, 2007
| Jun 3, 2007 7:12:54 AM -
#2 (permalink)
| | Moderator Certified T-Shirt Junkie
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| Re: One percent rule
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June 4th, 2007
| Jun 4, 2007 12:16:23 AM -
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| Re: One percent rule Someone on here has mentioned a 20% conversion rate. Seems really high that though, is it realistically possible? | |
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June 4th, 2007
| Jun 4, 2007 1:16:54 AM -
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| Re: One percent rule 20% is very high indeed, but not impossible. If it wasn't for the fact that amazon is used as a book reference tool (if you took all that traffic out), it wouldn't surprise me if that was close to their *actual possible shoppers* had a 20% turn over.
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June 4th, 2007
| Jun 4, 2007 2:30:09 AM -
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June 4th, 2007
| Jun 4, 2007 9:23:33 AM -
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| Re: One percent rule But Amazon is a bad example in my opinion. Remember that for all intents and purposes they have "every" book in existence, good prices, a stellar reputation, and free shipping for orders over $25. As an independent t-shirt retailer you have a small inventory of t-shirts, comparable prices with everybody, probably realistically no real reputation, and you charge for shipping. While I have no basis for the number I'm going to give out, I think 10% would be very high.
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June 4th, 2007
| Jun 4, 2007 10:25:46 AM -
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