HOW TO START ECOMMERCE BUSINESS
It is a dream to start an e-commerce business because there is a lot of money involved in it and we do not even have the need to open a physical shop. E-commerce business is no doubt a profitable business but before starting it, we should know the complete process of how to start an e-commerce business.
How much does it cost to start an ecommerce business ?
Starting an ecommerce business is affordable and anyone can start it, however you have to invest in these things:
Domain name: You have to get a domain name for your ecommerce business which will be the name of your website, its yearly cost is approximately $20-$25 per year.
If you want to run your ecommerce business exclusively in India then you can take a .in domain name, otherwise .com is the best.Is ecommerce profitable in 2024?
Is ecommerce good for small business?
According to me, e-commerce is the best idea if you are interested in business and want to be independent at home.
First of all, the best part is that to start an online business, you don’t require a shop or store to start. You can do it from home too.
And when you see your business is expanding, you can think about hiring space for products.
You just require GST and the product to sell.
Look, people think this is a very tedious thing to do, but if you understand it in a simple way, it will get easier.
Steps in very simple way:
- Select the product. Check the sample before you go for stock order.
- Calculate the margin that you will get.
- Choose a platform from which to launch your business, such as Amazon, Meesho, Flipkart, zepto etc.
- Get documents ready, like GST.
- List the product with good images of your product so that customers get a good idea of what your product is.
- Try to get reviews early on so that customers know that your product was liked by others.
- Try to run ads on social platforms like WhatsApp Group,facebook group, Instagram Official Page, and many more. On Amazon, you can run PPC ads.
- And then when you understand how an online business runs, you can move to the second product. Begin with one product, learn the full process, and then move on to the next product.