How to Start an E-Commerce Business Kirby D. Cochran
Introduction • The growth of e-commerce businesses is on the rise. The credit goes to the increasing use of the Internet and the growing market of the smart phones. Therefore, even diminutive retailers are launching their online stores.
If you want to start your business on the web, we suggest that you follow the tips given below.
Methods • Businesses done online are known as e-commerce. Nowadays, you can use either of the two methods to launch your store on the web: you can start either an e-commerce site or join a marketplace online.
Proprietary e-commerce website • Starting your own e-commerce website is a difficult option as you have to develop a website, a payment gateway and then you have to launch a marketing campaign to get the word out about your products.
Joining an Established Marketplace • Joining an already established marketplace is an easier way to go. All you have to do is get a bank account as well as a tax registration number.
Registration • First of all, you may want to get your business registered. Once your company is registered, you can open a bank account in the company name. This will make it easier for you to get the tax registration number.
Tax Registration • To start selling online, you need GST registration no matter whether you are going to launch your website or sell through a marketplace. You have to get tax registration done.
Bank Account • As soon as you have incorporated your company, your next move is to apply for a bank account in the name of the company. If you are going to start a proprietorship firm, you will have to get the tax certificate as well.
Payment Gateway • If you own an e-commerce site, you have to have a payment gateway in order to process the payments via debit cards, credit cards or internet banking, just to name a few. With a payment gateway, you can accept digital payments.
About Us • Kirby D. 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.