I am happy to comment on this...
I believe it is extremely important to build multiple stores (and I hope you all know me well enough to know I am not saying this to coerce you to spend more money with MC).
Here is my reasoning:
1.
Diversification - I like the idea of maintaining mutliple online stores for several reasons including broadening my reach and business security.
Here's why >>
Google is an excellent company and I think they do an excellent job with their task at hand- managing 3 billion web pages.
Due to the nature of their business, their algo is not fool proof and their algo is constantly changing. That being said, there is absolutely nothing an e-business owner can do to ensure online stability. You can continually add content to your site, build a good link structure, maintain high PR and excellent link popularity... and your site may still fall out of the serps for 30 days or more.
I always encourage our clients to build several avenues of traffic generation so that they are not 100% reliant on Google, however, Google currently powers the majority web, so regardless of what you do, a major portion of your business is going to be reliant on Google.
The good news is Google can be your best friend if you work hard, and follow solid and ethical SEO principles.
So back to my main point, Google favors themes. And I can use MC's properties as an example... we maintain an e-commerce site, monstercommerce.com, a web promotion site, monsterwebpromotion.com a design site monsterwebdesign.com and so on. We did this for two reasons.
1. If we placed all of these services on one site (and for some reason was dropped from Google's results) we would suffer a signifigant blow to our bottom line. By diversifying to multiple web sites (we could loose one of these sites for a month or even permanetly) and our company would not suffer as badly.
2. We also did this because Google favors theme specific sites. We compete against 27 million pages in Google for our most important keyword (shopping cart). We happen to be listed number 3, something we are very proud of. This would not have been possible if we included all of our services on one domain name... because, if you think about it, Google looks for the most relevent results, and if you talk about shopping carts, domain name registration, web design, promotion and merchant accounts all on one domain, you dilute the "theme" of a site... there is no way Google would deem us number 3 out of 27 million pages if we diluted the "theme" with multiple services.
So you ask, "what's your point"? My point is...
1. By maintaining multiple stores, you diversify risk. If one site drops from Google's serps for a few months, you don't have to hurl yourself off a bridge. You have redundancy- multiple streams of traffic and income.
2. By building multiple stores, you can build "themes" for each store to target niche groups and keyword phrases. Multiple stores also provides the opportunity to speak to your target audience more directly through design, layout and the product offering.
Now, having said all of this, there are some important things to consider. Before you run out and open a second store, you want to make sure you have covered your bases 100% on your first store. I would recommend pouring 110% effort into store 1 before opening a second store. Once you have mastered SEO techniques, earned solid listings in Google and maintain a stable business with store 1, it is time to begin investigating niche areas to target for your second store.
When the time is right to build a second store and you have done your homework regarding niche environments, do the following.
1. Develop a new design concept that speaks to your audience in a fresh way. Stray away from store 1 design tactics... studies have shown that you have literally 15 seconds to appeal to a consumer... and since consumer preferences and tastes vary from party to party, a new concept will help capture sales from customers that may not have purchased from site 1.
2. Stretch the limits on product layout and navigations. Create a balance between look and feel, usability and Google friendliness. Create store 2 to function differently from store 1.
3. Change some product names and eliminate products that do not fill the specific niche you are trying to fill. Example... if I sell a full line of sun protective clothing for men, women, youths and babies in store 1, and the baby market is my best seller, then I may want to create a store dedicated to selling ONLY sun protective clothing for babies. Or you may want to keep the same product line entirely. As long as you change the site 30 - 40% (especially the homepage) Google will not mind.
4. Remember... success for store 2 will not happen overnight. Just like store 1, getting listed in Google will take a few months and it takes work (not as much as store 1, but it still takes work). Understand that you will not get an ROI immediatly... If you are working on a strict budget, wait until you have a few hundred dollars to invest before engaing in your second store.
Summary... sorry for the long winded response. We have clients that maintain 10-20 stores and have expanded their reach exponetially. I recommend starting small and finishing big. Once you have mastered e-business in store one... build a second site. Once that is performing optimally, build another.
Questions? Need clarification? Let me know.
Ultra, can you make spell check work again? My spelling is horrible. haha