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Thinking of Starting an eCommerce Business? Here’s The Checklist!

  • Friday, September 20, 2019
  • 5 Min Read
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Thinking of Starting an eCommerce Business? Here’s The Checklist!
Reading Time: 5 minutes
The world of technology is growing at a fast pace and the easy availability of smartphones has led to a significant rise in eCommerce sales. In fact, it is estimated that almost 95% of the purchases will be made online by 2040. This is an exciting time to start an eCommerce business of your own as statistics tell us that by 2021, eCommerce will generate $4.5 trillion in sales.

It’s understandable that this is a great opportunity for all those thinking of starting an eCommerce business, but you should first know what all you would need before you hire someone for eCommerce app development.

 

1. Choosing a Product

Choosing a Product

  •  Finding an item to sell 

The initial step to building an online business is to comprehend what products you need to sell. This is one of the challenges you’ll come across while starting an eCommerce business. You would need to brainstorm with your team to discover product opportunities, best places to find product ideas, and trending products.

  • Evaluating the idea

When you have a product idea at the top of the priority list, how would you know whether it will sell? There are videos that can help you to validate your idea. Other than this, you will need to conduct thorough market research to understand what sells in this era.

  • Acquiring your item

Subsequent to arriving on a solid product idea, the next stage is to make sense of where and how you will acquire your products. Can you manufacture it yourself? If not, do you know someone in your close connections who can? No? Well, then you’ll have to find a supplier that you can trust.

2. Research and Prepare 

  • Research your opposition 

Research your opposition

You’ve discovered your item, assessed the potential, and sourced your supplier. You’re currently prepared to compose your marketable strategy, yet before you get into that, you’ll have to explore your opposition and competitors so you recognize what you’re facing and how you can make your business unique. Do a competitive analysis.

  • Composing a field-tested strategy 

Once you’re done with the competitive analysis report, it’s the ideal time to compose your business plan. This will be the guide that brings your thoughts and musings together. A strategy is crucial in figuring out what to organize and how to adequately acquire new customers.

3.  Setting Up Your Business 

This is when you’ll start setting up your business online. You would need quality eCommerce website designing services in this phase.

  • Naming your business 

Besides finding a real item to sell on the web, another difficult choice is deciding your business or brand name and picking a proper and accessible domain name. Come up with a name that reflects you and how your business works. Also, make sure that it clearly depicts your uniqueness.

  • Coming Up with a Logo 

logo

When you’ve chosen a paramount name and enlisted a domain, it’s an ideal opportunity to make a straightforward logo. Your logo should be clear, concise, and depict your name clearly. Plus, it should be something that people can relate to in order for them to remember your logo forever. Consider Apple, for example. Nobody can ever forget that logo and even the name is so simple.

  • Understanding Search Engine Optimization (SEO) 

You’re practically prepared to start making your online store. In any case, before you bounce into it, you ought to comprehend the fundamentals of website optimization with the goal that you can appropriately structure your webpage and pages for Google and other web search tools. Apart from top-notch eCommerce website development, you would also need to make sure that your website is visible to those searching online for the product.]

  • Building your store 

With a superior comprehension of web search tools, it’s an ideal opportunity to work out your web store. There are numerous pivotal components to consider. First off, you need to see which platform you want for your eCommerce website development.

You can easily get your website developed on a hosted platform. There are so many to choose from – Magento, Shopify, WooCommerce, Hybris, etc. But we recommend that you either choose Magento eCommerce development or go with Shopify.

Shopify eCommerce development is quite preferred by several businesses, ye Magento wins the war because of its many features and easy usability. At this point, it’s important to keep your business requirements and the features of your product in mind.

  • Mobile app development

Mobile app development

Today, with 2.7 million people using smartphones, it would be foolish on your part to not consider eCommerce mobile app development. In fact, 82% of US citizens shop online using their mobile phones. By 2021, mobile eCommerce sales will easily cross $420 billion dollars. It’s important that you get an app developed for your business, too.

4. Planning to Launch 

As you plan for the launch of your new business, there are a few transportation and fulfillment components you have to get ready for. Test your website and see if everything is on point. Hire delivery men to ship products to various cities and make sure that you stick to your business plan throughout. Once everything is on point, launch your website and start marketing it right.

Planning to Launch

Final Thoughts

Going for an eCommerce business of your own is as energizing as it is challenging. At a fast pace, you’ll get familiar with a lot about picking an item, assessing its reasonability, making sense of how to get it created, investing in eCommerce website development, and advertising and selling to customers. The procedure can feel like you’re tackling a head-scratcher of a riddle.

We hope that this guide has given you a clear idea as to how to go about eCommerce businesses. As usual, the best exhortation anybody can offer is to simply begin and to live it up en route.

Ryan J

Ryan, in his role as Sr. Tech Consultant, has proved himself to be someone with a wealth of knowledge in Techno-Marketing function. Ryan enjoys writing about technology that simplifies its usage for any business. A vivid blogger by passion, Ryan enjoys contributing to various communities and groups.

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