Presented By: Kirby Cochran
Introduction •
Having a product that is in demand in today's economy is great, but being able to market and turn the lookers into buyers is a big task. Here we will cover some of the possibilities of taking a product from the shelves and turning it into a global commodity. There are many ways to sell your product online and there are just as many opinions on how to be successful, here are some details keep in mind from inside an e-commerce platform provider.
How to Build an E-CommErCE BusinEss Selecting your market Find the right software for your business Allow your customers to be your brand ambassadors Building and Hosting your Website / E-Store Remove friction from the checkout process
ďƒ˜ E-commerce entrepreneurs may select a market they are familiar with or have an affinity for, but from a business perspective it's more important to find a market or niche with enough demand, but not too much competition, so that their expected return on investment makes sense. This is determined through market research.
Find the Right Software for Your Business ďƒ˜ As a business owner, you need to have the depth of vision to see potential issues before they even come up. For many ecommerce business owners, software is something that needs to be addressed and evaluated on an ongoing basis, because it's really foundational to the entire operation.
Products and Shipping The Internet allows you access to suppliers and vendors all over the world who you can contract with to purchase the item(s) you plan on selling. Shop around and get a good deal on bulk orders of the item(s) so you can make a profit. Many vendors will arrange discounts with people who order in large quantities. Make sure that the vendor is responsive, offers rush shipping orders, and is established. If you can find a supplier who will drop ship, this is a very attractive business model, as minimizes your overhead, and allows you to focus on marketing.
Building and Hosting your Website ďƒ˜ With the popularity of ecommerce web sites came numerous new web site hosting companies. You will want to find a reliable, customer supportoriented web hosting service to house your web site. There are some free web-hosting services.
Grow A Profitable Online Store ďƒ˜ Starting an ecommerce business is hard work with many steps and decisions that need to come together at the right time. To help, we have put together a comprehensive resource list, compiled from Shopify's most popular blog posts. These posts have been placed into a logical order based on how you would research, build, launch and grow a profitable ecommerce business.
ďƒ˜ Kirby Cochran is a successful entrepreneur who provides the help to operate an e-commerce business selling world class products and services with incredible deals with almost no capital requirement to begin based in Provo, Utah.