Setting up your online business

Online stores exploding in popularity

Business means trade, and trade means transaction. For Internet buyer, what they really care about is probably the security, as there are overwhelming fraud issues happening all around the world nowadays. So setting up web store is not like your regular Blogger blog, it requires careful planning and guided installation with hardened security in mind.

But hard doesn’t mean that it’s impossible to do it yourself. For any aspiring webmasters hoping to get into the e-commerce game, this post will serve as the guide mentioned above, to ease the transition a bit with full of helpful tips and recommended service, so don’t wonder anymore, let’s get down to business!

Build, launch and grow a profitable online store

E-commerce is the most popular business trend in our futuristic society, as most modern cities have Internet equipped and it’s such a simple process to send payments anywhere in the world via Internet connection. Along with these technologies have risen hundreds of thousands of new digital web stores which sell both physical and digital products to one global marketplace.

Starting an ecommerce business is hard work with many steps and decisions that need to come together at the right time. Below is a simple brief step by step process involved in completing an online shop. These steps have been placed into a logical order based on how you would research, build, launch and grow a profitable ecommerce business.

Fast 8 step by step guide to setting up your online store

Business and ecommerce have become inseparable terms today. Over the years, ecommerce has virtually become the most significant aspect of the retail industry. The world has taken to the trend of doing business online. According to some estimates, more than eighty five percent of internet users have purchased something on the internet at least once and half the number of internet users shop online regularly. That means, the online market is big and is ever expanding. So, why not set up an ecommerce website if you have something to sell?

While setting up an ecommerce website may seem like a daunting task at first, with all the tools and services readily available in the market, it really is easy setting up any kind of website on the internet. That being said, you certainly need to pay attention to a few key issues to avoid pitfalls. Here we have tried to make this article a step by step guide to creating a perfect ecommerce website for your business.

Step 1: Lay out an ecommerce business plan

Planning is a must in every venture if success is the goal. You need a plan to setting up a website. A plan doesn’t need to be a long detailed document with series of tasks but at the least a rough idea about how and where to start and end.

Do a fair amount of brainstorming and don’t hesitate to take notes of every possible question that pops up in your mind. What will you be selling on your website? Who are your target customers? How should your website’s UI look? How much will it cost you to set up a decent ecommerce website?

Do some research – a good lot of learning is required to lay a good ground work for your ecommerce project. Do some math away from your computer if need be and build on your idea; dig a little deeper into it. You sure do need to spend some time on the drawing board. You most certainly cannot expect to get anywhere without a plan.

Step 2: Get a domain name

A domain name is what identifies your website on the web. Once you’ve identified the products you’ll be selling through your website, choose an appropriate domain name for your website that represents your business accurately.

A good name has the chances of making it big on the internet. A domain name which is short, easy to remember, easy to spell, catchy and unforgettable is likely to draw more visitors to your store. You can purchase domain names through hosting companies or domain registrars.

Step 3: Choose the right web hosting service

All websites need to sit on a server somewhere to be available on the internet and the server configurations has a large part to play in overall performance of your ecommerce websites on the internet.

How your website is hosted determines, to a large extent, its speed, uptime and performance. It is absolutely essential that you host website through the right host.

An online store should be able to handle a lot of traffic and should have maximum uptime. Google has hinted that website uptime and speed are important factors to acquire a good ranking on search engines.

There are hundreds of web hosting companies in the market that offer different kinds of free and paid hosting services or packages with a variety of features. Since free hosting services provide limited features, a paid hosting is advised for a reliable service. Choose the right webhost that allows growth and flexibility. Some webhosting companies also offer domain registration service and tools to build website.

Step 4: Choose the right ecommerce platform

Ecommerce platform is the key component of any ecommerce website. It cannot be emphasized enough how important it is to choose the right ecommerce platform. Choosing the right ecommerce platform can be an overwhelming task but it is the most crucial step and cannot be compromised for anything. One great way to choose the right platform is to check out the platforms of the best ecommerce websites similar to the one you are trying to set up.

Choose an ecommerce platform carefully that most suits your business needs, as having to move to another platform later can be costly and time consuming. There are many vendors out there who provide you shopping cart software and other ecommerce tools to give you the best ecommerce solutions.

The best ecommerce platforms provide you with all shopping feature – carts, payment options, website performance statistics, security and more. They can be purchased in a bundle which offers all features from hosting to security certificates (hosted solutions) or can be purchased separately and integrated into your ecommerce websites plugins (standalone solutions).

The kinds of ecommerce solutions you find in the market are categorized as off-the-shelf software, bespoke software and Software as a Service – SaaS. They all have their advantages and drawbacks, so choose the one that best fit your needs. Some of the top ecommerce solution providers in the market are Shopify, Magento, BigCommerce, Wix, and Sellr.

Step 5: Make sure to obtain a secure certificate

A secure certificate (SSL) secures the connection between a visitor’s web browser and the web server hosting your website to ensure a secure transaction. If you have opted for a bundled pre-packaged ecommerce solution, then it is likely that your ecommerce solution provider takes care of the security. But, if that’s not the case, you should most definitely obtain a secure certificate (SSL) alongside the domain name.

You can purchase a secure certificate from SSL certificate providers like Thawte and Symantec for example. Also some hosting companies take care of SSL certificate for you charging you separately for the certificate.

Step 6: Design an easy to navigate ecommerce website

Let’s come down to the actual website building task. How your products and services are presented on your website makes a significant difference between success and failure of your ecommerce venture, so your website cannot afford to look clumsy. Design a website that properly showcases your products, poorly showcasing your products makes you lose sales.

You lose valuable customers if it is not easy to steer around your website. Keep it simple yet elegant and make it easy to navigate intuitively. Also optimize your website for mobile devices.

Step 7: Choose ecommerce payment methods

To facilitate online payments, you need to secure an internet merchant account (IMA) that lets you receive online payments. There are banks that can set up IMA for you. Almost all ecommerce platforms support a wide range of payment methods and give you options to integrate other customer-friendly payment gateways with your ecommerce website.

Although digital payment gateways like PayPal and Google Checkout are cornering the market, credits cards still remain the simplest and easiest ways to purchase things online. Also make sure that you meet the appropriate level of PCI SSC (Payment Card Industry Security Standard Council) compliance.

Step 8: Create a marketing strategy for your ecommerce website

Once your website is up and running, you need to drive visitors and customers to your site. For that, create a marketing strategy. Spread the word and attract customers. Set aside some budget for advertising and make use of banner ads, Google AdWords, PPC.

Optimize your websites for search engines so that it gets noticed. Promote your website on the social networks. Start creating content, do a good amount of blogging.

Expanded Steps for building an online store business

A – Think it through first

First you need to spend some time away from the computer and develop your ideas. What kind of products will you be selling? Are there any competitors in this niche? Ideally how should your website’s user interface look?

These are all very important topics of discussion which you should consider deeply. It will also help a lot to build a brand name in these early stages of development.

You can purchase the matching domain name ahead of time to secure your company name and logo.

B – Settle on your products

  1. Finding a Product to sell.
    The first step to building an ecommerce business is to know what products you want to sell. This is often the most challenging part of starting a new online business. In this section, we will highlight the strategies you can use to find product opportunities, explore the ten best places to look for product ideas, and finally, we will reveal ten trending products that we came up.
  2. Evaluating Your Idea
    Once you have a product idea in mind, how do you know if it’s a good idea or not? In this section, we will go through two exhaustive evaluations methods, evaluating both the product itself, as well as the market for your product choice.
  3. Obtaining Your Product.
    Having found your product idea and evaluating them in the previous section, you must now figure out where and how you’re going to obtain your products. The next two posts will cover the various methods for acquiring your products, along with the pros and cons of each model.

 

C – Research & prepare fully

  1. Research Your Competition
    You’ve found your product, evaluated the potential and sourced your supplier. It’s time to write your business plan, but before you get into that, you’ll need to research your competition thoroughly so you know exactly what you’re up against.
  2. Write Your Business Plan
    With your competitive research complete, it’s now the perfect time to write your business plan. A business plan will be your road map that helps bring your ideas and thoughts together. A business plan is vital so that you can determine how to best move forward and most effectively compete.
  3. Register Your Business
    With a business plan in hand, now is a good time to consider your options for registering your business.

 

D – Set up your business 

  1. Naming Your Business
    Aside from finding an actual product to sell online, another difficult decision is determining your business name and choosing an appropriate and available domain name. These blog posts will help you tackle these important tasks.
  2. Creating your Logo.
    Once you have solidified your name and registered your domain, it’s time to craft a logo. In these posts, we will show you several options for creating a great logo for your new business.
  3. Understanding Search Engine Optimization (SEO)
    You’re almost ready to begin building your online store. However, before you jump into it, you should understand the basics of search engine optimization so that you can optimize your site for Google and other search engines.
  4. Build Your Store
    With a better understanding of search engine optimization (SEO), it’s time to build out your store. There are many critical elements. Below we have included a list of our best blog posts to help you write captivating product descriptions, shoot beautiful product photography, and a list of some of the best tools to help you optimize those photos.


E – Prepare the launch

As you prepare for the launch of your new business, there are several essential elements you need to prepare for. In this section, we have curated some of the most comprehensive posts on helping you determine your shipping strategy. Furthermore, it’s a good idea to define your key performance indicators upfront so once you launch, you know what to measure of success to track. Finally, before your launch, you’ll want to run your newly built storefront through the Shopify ecommerce store grader. This online application will show you errors on your site and SEO so that you can correct any issues before launch. As a final checklist, this post covers the ten essential things you need to do before launch.


F – After the launch

  1. First Customer
    Now that you’ve launched, the hard work begins. Our 50 point guide to getting your first sale is a great start point and overview of a variety of marketing tactics that will help you in your first months.
  2. Marketing Your Store
    You’re well on your way and now likely have some sales under your belt. It’s time to get serious and focused. The following posts will help you zero in on some top marketing tactics for driving traffic and converting that traffic to sales.

 

Conclusion

Building your own ecommerce business is no easy task. From choosing a product, evaluating viability and sourcing, to building, launching and growing sales. There’s a lot of puzzle pieces to put together. However, following this resource roundup should provide you with a clear roadmap to help you build a profitable ecommerce business.

(Source – Spotify.nz)

 

 

2017-08-28T02:55:46+00:00