ALL YOU NEED TO START
in this article, ill go straight to the goal which is starting your own e-commerce business. all you need is four steps to follow :
Step1: create your online store.
Like a physical storefront, this website will be the face of your business — it's what your customers will see first and what they'll use to browse and purchase your products or services. With this in mind, creating your website will be one of the most important parts of starting your e-commerce business. You'll want to consider a few different points as you develop your online storefront:
First, you'll want to think about your DOMAIN NAME[you can start with" NAMECHEAP " as the cheapest one], as we mentioned above. You'll want your domain name to (at least closely) match your business name. the domain name is a (Short name + easy spelling = easier to remember).
Along these lines, and perhaps your most significant decision will be choosing an e-commerce platform. Whether an all-in-one software, like Shopify. AND AS A BEGINNERS I ADVISE YOU TO START WITH SHOPIFY(it's very simple you can just tap on youtube "how to set up my shopify store" and you will get the results).
This platform not only allows you to create and launch your online store, but also customize your design, add your domain (or purchase one), manage inventory, take and ship orders, receive payment, and more.
Step 2: Find Your First Profitable Product
One of the biggest challenges aspiring entrepreneurs face is finding profitable, trending , products that will sell, whether it’s a single product or a full product line that occupies a niche in a market.Fortunately, there are still golden opportunities out there, proof of this being new products successfully launch all the time. To help you get started, we’ve put together a shortlist of practical ways to find products to sell in your online store.
ways to find products to sell in your online store.
Solving a customer pain point will always be an effective way to develop a product people want. Tylenol wouldn't be in business if literal headaches didn’t hurt. Abstract customer pain points, meanwhile, are usually about addressing poor or frustrating experiences with the current selection of available products.
2/Appeal to enthusiastic hobbyists
When consumers are passionate about a particular trade or hobby, they’re usually more inclined to invest money to get the exact product they want. This willingness-to-pay can be an important qualifier when evaluating the potential opportunity of any product, or line of products. (For example, golfers are well-known for investing hundreds or even thousands of dollars to lower their score by a few strokes.)
3/Go with your personal passion
While there are inherent risks in choosing a niche based on your own interests, it certainly doesn’t have to be a recipe for disaster. Using your know-how to create and position a unique product can be extremely profitable.
Founder/market fit matters, because building a business is a lot of hard work, and you’ll be better equipped to stay motivated and overcome the hurdles if you are deeply invested in what you are selling.
4/Consider your professional experience
Has working in a particular industry helped you learn the ins and outs? Maybe you have a skill or a particular set of experiences that makes you more knowledgeable than the average person on a particular topic. Turning your expertise into your own online business is a smart way to enter the market with a leg up that isn't easy for others to duplicate or copy.
5/Capitalize on trends early
Recognizing a trend early enough can be a significant win for a new business. It allows you to carve out a place in the market and establish yourself as a leader before others have a chance to. And thanks to the nature of digital marketing, your paid spend will probably be lower and opportunities to build long-term SEO traffic may be more abundant.
The key is to not confuse a “fad” with a genuine “trend.” A fad is something that has surged into the limelight based purely on novelty or a gimmick; while fads can present great marketing opportunities, remember that if you build your business on a fad the demand will eventually fizzle out. A trend, meanwhile, is something that fulfills an existing need in a new way, which is why their demand holds for much longer than a fad.
6/Read customer reviews on existing products
Whether you already sell products online or not, there is a wealth of insight you can glean from customer reviews.
If you already have an established online store with a bit of traction, you can see what customers are saying about your existing products. Are there are any trends or interesting bits of feedback you can use as inspiration to develop your next product? Pay special attention to shortcomings and complaints being shared.
If you don’t currently have a store, have a look at customer reviews for other brands and products in the industry you want to explore. What “wishlist” feedback is being shared about potential improvements to already successful products? What add-ons or additional products do customers consistently bring up?
If you’re not sure of the industry or product category to explore, consider a specific demographic and focus on brands and products that those individuals gravitate toward.
7/Find product opportunities in keywords
It’s no secret that organic traffic from search engines is an important marketing channel. Searching for keyword opportunities means strategically looking for a product based on the search queries people are using, the number of searches per month, and overall competition for those searches.
This approach can be fairly technical and requires an intermediate understanding of keyword research, as well as search engine optimization. The advantage is that pairing product demand to existing keywords can be an effective way to capture consistent organic traffic from Google, but it comes with its own set of risks, namely that if you rely on search engine traffic you'll be overly exposed to changes in Google's algorithm.
Step3: Market your e-commerce business
There you have it — you've learned how to start an e-commerce business. Now that you have your products or services prepared and listed on your online store, your website is up and running, you're ready to start serving customers. In order to do this, of course, you'll need to properly market your e-commerce business.
There are a variety of marketing strategies you might decide to utilize — Google ads, facebook ads, social media ads, word of mouth, and more. At the most basic level, you'll want to optimize your business website for SEO and take advantage of any online marketing tools that are included within your e-commerce platform.
As your e-commerce business is up and running and you start to receive orders, you'll want to keep track of which marketing tactics are working and which aren't — especially if you're investing money in them. As time progresses, you'll be able to adjust and change your marketing strategy to find what works best for your business.
that's all you need !!!
$$How much does it cost to start an e-commerce business?$$
Ecommerce software: as I said previously, since we are beginners we will choose the easiest platform which is "Shopify" to start our business. You can purchase a Shopify subscription in one of four plans, starting with Shopify Lite at $9 per month.
domainname : To purchase your own domain name and hosting, however, you can expect to pay anywhere from $9 per year for the domain to around $17 per year.
Payment processing: To accept payments online, you'll need to work with a payment processor like Square or Stripe. Once again, SHOPIFY will include their own payment processing with the platform, whereas others will allow you to integrate with your preferred system. Generally, you'll pay around 2.9% plus $0.30 per transaction that is made at your store.
Inventory and shipping: Depending on what you're selling, your inventory and shipping costs can range drastically. However, of all the costs we've discussed thus far, your initial investment for inventory will likely be your greatest. You'll want to purchase inventory carefully, especially when you're first starting out — you don't want to spend too much money on products you won't be able to sell. Your shipping costs, of course, will depend on your sales, the shipping services you use, the size of the products you're sending, and the shipping speed options you offer to customers.
Marketing and advertising: As a general rule of thumb, it's safe to budget about 6% or 7% of your gross revenue for marketing and advertising. As you're starting out, this can be difficult to estimate, so you'll certainly want to take advantage of any free marketing and advertising options you have available. Then, once you have a better idea of what works well for your e-commerce business, you can start exploring paid options for promoting your store.
very interesting
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