Question
Topic: Research/Metrics
Conversions To Online Product Library Subscription
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My question: has anyone run or consulted for a searchable product library website, or anything close? That is, a database containing every brand and model in an industry, including retail price and searchable on all product features... which to do with precision can be more than 10, especially for capital-intensive products. Nextag does not offer this feature. Neither do most online family businesses.
Although impossible to quantify before the business goes live, I'd like people's ideas on likely visitor conversion to signups for subscription.
This is obviously a specialized offering, and assume prospects will be targeted well. It's for the consumer, but I think several percent of sales will be to an industry's trade. I can not think of any kind of to-the-trade directory, index, catalog - on or off-line that will offer the same value... at almost any price. And I think it's a real statement when you offer this to the public.
One thing that leverages this concept is to only create product areas which are not either easily found and/or easily comprehended on conventional, free websites. Otherwise our proposition is watered down.