E commerce is booming nowadays. I. 2021 retail E commerce sales reach $5 trillion. People are making more and more money through it. You should also try and enjoy it but you would have some questions and doubts!!!
No worries we are going to fix all of these problems in this article and so this article is going to provide you seven simple and short steps which are going to explain everything clearly and after reading this article you will be news ready to get started with your ecommerce business so let’s move on
- Choose your feel or niche
First of all decide what will you sell online. You should choose a niche you know well and have your expertise in it. You should know how you will compete your competitors? you should know about your product enough, it’s market, and you should be aware well to stand out of crowd as many people are giving tough competition.
- Do some research
This will help you in many ways:
- You will get to know how your specific market works?
- You will understand how to proceed? and how to start and run your ecommerce business?
- You will get to know how your competitors are working?
- You will find out why other businesses are successful? and if some are not what are things to avoid and what things are making them fail?
- You will find out market trends market size economy, etc.
- You will know your target audience, there needs, problems, and pain points.
- Choose the product
You have already chosen the niche now it’s time to choose specific tool, product or a service you’re going to sell. You should target directly to the pain point which is surely gonna give you some good results if you solve those problems.
- Outsource some tasks through Employer of Record Services
If you want to save time and money while you are starting or expanding your Business, one of the best ways to make it happen is partnering with an expert company with the knowledge and resources able to help you. In this case, with a EOR company you can outsource payroll, recruitment and hiring globally.
- Validate your product
Validate product means check the ability of your product like if your product is going to work or not? Is it a good idea or not? People are going to like it or not? Etc.
So you can do it by two categories that are:
- From market based criteria which means to know who your target audience or will you be able to stand in front of your competitors or not? How will your customers get your service or product? Is the market growing or flat. Is a product in demand or not? Etc.
- And the second is product based best site criteria which includes to find the answers of the questions like whether your product service targets the pain points are not? What will be selling price of your product? How many products you will sell and how will you sell those products or services and? how will you do storing, packaging, and shipping.
- Write a business plan
Write a business plan that manages everything including the details about your employees, your staff, how will you earn, company’s overview, marketing plans, financial plans business structures, business models, etc.
- Create your online store
Your next step is to create an online store where you will display your products, add pricing and sell those online.
- Market your business
Start marketing your business on different social media platforms like Facebook, YouTube, Instagram, LinkedIn, Twitter, wherever you see your targeted audience exist; you will start promoting your business. You can also go with other different methods including sponsorships, affiliate sales, click per sale, etc.
- Run sales regularly
Pick 2 or more special occasions to hold sales – these may be a national holiday, international celebration, or a remarkable day for your business, a company’s birthday, for example. You should invest into running a successful sale. Notify your audience via mailing, social media, and advertising; place a countdown timer widget or banner on your online shop to create anticipation among your audience. Also, make these sales recurring so your loyal customers would expect them and prepare for making a purchase.
