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- Case Study 📚 How to make $10K Per Month Selling Classic Watch Accessories
Case Study 📚 How to make $10K Per Month Selling Classic Watch Accessories
Meet Felix Timekeeper*, a watch enthusiast with an e-commerce success story that came just in time.
Born into a family of historians and archaeologists, Felix grew up surrounded by artefacts and stories of ancient civilizations.
He developed a fascination with time and watches.
He spent hours studying and collecting timepieces, building expertise in horology.
Friends and family often sought his advice on their watches.
Felix's love for his craft kept growing every day, making him more and more passionate.
One day, he thought that turning his favorite hobby into a profitable job would be great.
But Before diving further into this inspiring tale of success, let's give a shout-out to our sponsor:
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After conducting extensive research and consulting with many close friends and experts, Felix launched an e-commerce store selling handcrafted, vintage-inspired watch accessories.
His passion, expertise, and creativity made the store stand out from competitors, attracting a global customer base of watch enthusiasts.
The store became a hub for stories connecting people through their shared love of horology and history.
The business ran into success;
Felix's vision was not only to create a successful business but to also share his knowledge and love for watches with others.
He believed that each timepiece held a unique history and story, waiting to be uncovered and shared.
This led to the creation of a built-in blog, where Felix and his team of writers shared in-depth articles about the significance of various watch models and brands.
Expansion begins;
The success of the e-commerce store allowed Felix to expand his business and offer a wider range of products, including limited edition watch straps and vintage watch parts.
However, despite the growth, Felix remained committed to his original mission of preserving the legacy of watchmaking and sharing it with others.
With skills and knowledge similar to what we offer in our free course at Max Business School, Felix he was able to turn his dreams into reality.
We will explain how he did it in the case study below.
Today, the business is not just an online store, but a community of watch enthusiasts who come together to celebrate the art and history of watches.
Case Study Analysis
(Available Free Until: 29/01/24)
What does this online business do? 🚀
in this newsletter, our focus will be on a peculiar online business that specializes in classical watches.
The e-store displays an array of style-specific products to make a simple classy watch look brand new, and yet still maintain a distinct look
With an easy-to-navigate website and quality products, this basic store comes across as an e-commerce powerhouse
Let’s explore the potential growth and functionality that make this online business profitable
How does this online business make money? 💻
This online business specialises in classic watch accessories.
It is dedicated to providing high-quality products to watch enthusiasts all around the world.
Their products are designed to protect and enhance the beauty of classic watches, ensuring that they remain in pristine condition for years to come.
Watch accessories
With a focus on craftsmanship and attention to detail, this business has become a go-to for those seeking reliable and stylish watch accessories.
Web buyers have access to watch tools to mend their personal watch or make adjustments to it at their convenience
Whether you're a seasoned collector or a casual admirer of classic timepieces, you'll find something to suit your needs in their wide range of products.
From elegant leather watch rolls to versatile watch straps and buckles, this business has everything you need to take your watch game to the next level.
What has this business done well?🔥
The online business we are analysing today has implemented strategies to achieve its primary objectives.
Website navigation
Having a functional website layout will serve online businesses immeasurably.
This online business has understood this and thoughtfully designed its website footer and header
Its footer contains important links such as contact information, privacy policy, terms and conditions, and copyright information.
Functional Footer
As for the header, as you might already know, it’s the first thing a visitor sees when they land on your website and it provides essential information such as the company logo, navigation menu, and other elements.
This store ensured that no visitor would be lost and that they would be able to find what they want with the fewest possible clicks.
Gift-card
The gift card strategy used by the store allows clients to purchase anything from their site without having to use a credit card.
Customers can also send a gift card to a friend or family member as a present on special occasions.
The store offers a range of products, making sure to find something that suits the buyers’ needs.
The gift card is available in various prices ranging from $25 to $250, allowing customers to select the desired amount.
What this business could improve?🔥🔥🔥
Special promotion on products:
This online store should consider using more special promotions and discounts.
In the world of online shopping, stores must offer special deals and discounts to stay competitive.
With so many options available, customers are always on the lookout for the best deals and offers.
By offering discounts and promotions, this store can attract customers to make purchases and also encourage them to return for future purchases.
Ads:
Advertising is very important in e-commerce.
This online stores should market it’s deals through various channels such as social media, and other channels…
By using this strategy, the store can reach a wider audience and increase the chances of attracting more customers.
The Takeaway, What We Learned 🎓
Website functionality: A well-designed footer and header can make a significant difference in user experience and website functionality. A good design will make it easy for visitors to find the information they need.
Gift card services: provide other options for clients to make a purchase that is secure and easy to manage. Gift cards are one popular option to consider.
Product and service orientated: Let your primary focus be your product and service. Perfect it and scale it.
Brand advertising: Leverage popular advertising platforms that can potentially increase your reach
With determination and commitment, Felix overcame many obstacles to become financially independent via his store: Bands R Bands..
This journey shows that your hard work will always pay off, so don't give up and keep working hard!
What would you like to explore next? ⏭️ |
Before You Go 👋
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Bye for now,
Scott Max
*Fictional character to protect the anonymity of this entrepreneur