There is a lot of rave about making money online more than ever. This has birthed so many online businesses and online entrepreneurs. Today we will be discussing a faction of these online entrepreneurs. Online Vendors. Who is an online vendor, this is basically someone that sells products through the means of e-commerce. Some us Social Media as their driving tool, some websites and others integrate both into their strategies. Online selling is projected to keep on growing and this is an opportunity for many aspiring Online Entrepreneurs.
Starting an online business and succeeding is really not as hard as you think.
1. Decide What You Want To Sell:
Before you do anything, it’s important to decide what types of goods you’ll sell online. Whatever you choose, it’s important to work with products that you’re passionate about and more importantly, it needs to be high in demand. Chances are, if you pick products that do not have a high demand, you will end up being frustrated by the lack of progress and sales, so stick to products that can sell out easily in the early stages of your business. If you don’t have products on hand, take a look at various drop-shipping providers—you can conveniently choose from their product list and sell them on your own site.
2. Choose The Best E-Commerce Solution For You:
When choosing an e-commerce platform or solution for yourself, there are a lot of factors to consider.
Your budget; you have to choose something that you can easily afford
Resources and manpower: you need to consider your resources also, it goes without saying that building an e-commerce website will require, content creators, web manager, graphics designer, etc. You should stick to resources and manpower that are available for starters.
You can decide to run your business on just Instagram or you can decide you need a website instead. There is always the option of using both platforms depending on the factors stated above.
If you decide to run your e-commerce on a website, there are two popular eCommerce platforms that we recommend: Shopify or WordPress + WooCommerce.
Shopify is a fully hosted eCommerce solution that starts at $29 / month. It’s a hassle-free solution where you just login and start selling. The downside to Shopify is that it gets quite expensive, and your payment options are limited unless you pay additional fees.
This is why most users choose WordPress + WooCommerce because of the flexibility it offers. It does require some setup, but it’s worth doing it for the long run. WooCommerce is the world’s largest eCommerce platform.
3. Choose A Payment Method
The next step before launching your store is to decide how you’ll receive payment from your customers. There are many options you can decide on
Payment on delivery
Payment validates order
Direct payment with a debit card on your website.
4. Choose A Marketing Strategy
Starting any business, you should always have a strategy to ensure the business is a success. The same can be said for an online business, especially an online store. The platform you choose will determine your strategy. Choosing Instagram will mean your strategy will revolve around Instagram and other social media. If you choose a website then your strategy has to be a lot more elaborate, SEO, content strategy, SEM and many more.
5. Market Your Business
Once your store is ready for the world to see, you need to drive customers to your store with marketing. Whether you leverage email, social media, SEO or other forms of online marketing, it’s critical that you share your store with the masses. In other words, even if you have the most amazing site in the world, if no one can find your store, you’ll struggle to pay the bills. It is advisable you allocate a certain amount from your budget to ensure your business is a success.
Selling online can be a rewarding experience that allows you to express yourself and your entrepreneurial spirit. More importantly, it can be the way to start a new business or grow an existing one. If you’re ready to get started, these six steps can help keep you on the right track to success.