I am greatly satisfied with how my project turned out. I actually met both my primary and secondary goals. My primary goal was to increase traffic. My whole reason for choosing the store project was to take something I had worked on before; several iterations of a store project, and was not successful with the traffic or sales. Since the class was about starting and promoting a business in Second Life, it seemed the perfect opportunity to finally take the time and effort to make it a success. My secondary goal was to make more sales. Now I was getting maybe 3-5 visitors a week and maybe a sale every 2 weeks, so it seemed quite possible to improve on that. I did. My peak traffic was 69 people, and my highest sales day was $850L. Both far exceed anything I had done before.
I am most proud of the store itself. I had designed two others, each with shortcomings; one looking too much like a house, the other being too large and not very inviting. This time I went with an open concept and designed my own displays, which forces the shopper to meander through the store and view many items. The current store is open and airy, yet with an intimacy created by solid walls. It keeps out the long-range view, not to distract the shopper from looking at the merchandise.

Now one weak point was a purely self-serving one. I had enough property to build the store and still have enough land for my other pursuits. I decided to keep the store close-by so it would be easy to live between the two areas. The problem with this is that it is in a very residential area, so no foot-traffic so to speak. I would also not benefit from people noticing it while doing other shopping. The only way I would get customers was to market the store effectively.
My first attempt to market was to create a slide show on a stand that showed the store, and included landmark givers that would give a notecard about the store and a landmark to get to it. I figured if someone liked what they saw in the picture, they might actually come to the store.

I didn’t get good traffic from this, and also realized I hadn’t built in any way to measure if anyone had used it. I expect I will convert these rented spaces, which are in good retail locations, and put in vendors with my products for sale.
I had planned on using the classified ads, but realized it was ridiculously expensive to get your listing anywhere near the top where someone might actually see it. What I did find that worked was the Event listings. I listed my store as having pre-Grand Opening Freebies. I offered one of my items for free, and randomly, would change them out, encouraging people to return often. This was very successful at bringing numbers up, tripling my traffic at one point. Unfortunately, it didn’t do much for sales. My Grand Opening which was also listed as an event didn’t bring in the traffic, but sales were the best ever. Now I had lowered prices, so I think there is a lesson here about reaching a targeted market, since my home decor products is more of a niche market, and finding how to reach them, with pricing in a range that they won’t hesitate to purchase what they want. I had talked to a couple of shoppers at the Grand Opening, and they really didn’t remember the prices they had paid for things. This indicates to me that pricing was viewed as a non-issue, and I was charging an affordable price.
I will also mention that I made an attached Photo Gallery to display my photos for sale. The original intent was to run these two enterprises together. I even listed the freebie events, and gave away different photos. Two things I realized. The gallery and the store seemed to be drawing people independently. There didn’t seem to be as much of a cross-over as I had expected. Often the Gallery would bring in higher traffic than the store. So I believe there was more word of mouth advertising going on in the in-world art world. I decided to pursue the store project alone, which turned out to keep me quite busy. I’ll return to promoting the gallery later, probably with affiliating with other artists and groups.

In retrospect, I would reconsider location first of all. While I still like the store being adjacent, I made alot more work for myself for getting customers to it. “If you build it they will come” definitely doesn’t work in SL. I would probably keep a main store with my items displayed, and maybe even keep the slide viewers, but would certainly go to having satellite stores in busy shopping areas with a good mix of merchants. I would place vendors in the stores, with notecards giving a description and landmark to the main store.
The other thing I would do differently is my choice of product. While I really enjoyed making the items I have, they are of interest to only very few people. It is somewhat of a vanity gallery to have this work out for sale. I think I’ve learned that people (avatars) just want to look good, or enhance their “cool” factor. It seems that no matter how many skin, shape and clothing stores show up, people will shop them. I plan to find a new product line that appeals to just that.
Another thing I’ve learned that I wouldn’t want to lose track of is, just as in real life, it’s who you know that makes a difference. I had alot of help from friends who were merchants and willing to share their knowledge and expertise with me. They also came through in the end for the Grand Opening. The people they invited to it turned out to be people who were looking for my type of products, and gave me my best sales day ever. There may be other ways to make things work, but good friends in SL still seem to be people you can depend on.