Are you interested in starting your own E-Commerce Store? Here are 6 quick steps you can do to get started today!
6 Steps To Starting An E-Commerce Store
Step 1 – Choose a platform for your store
One of the initial steps in starting an e-commerce store is deciding what platform you want to sell your products. You can select from marketplaces like eBay or Etsy or you can create your own website through WordPress.
Step 2 – Open a PayPal Account
PayPal is the preferred mode of payment when selling on eBay or any other platform as it’s safe and easy to use.
Step 3 – Choose A Business Structure
Whether you decide to work as a Sole Trader or an LLC, it’s important to set up a business structure when you doing a business and making money. Don’t immediately jump on setting up a business without making any sales. Set up your business and as you start making money, you can set up a business structure as well. It’s always advisable to talk to an accountant for more information. Laws are different for each state and country.
Step 4 – Determine your brand and ideal customers
Determine what type of products you want to sell, i.e. what niche do you want to enter and who your ideal customers are. Example, if you want to sell Home Decor items, your ideal customers would be ladies or you can further refine by doing Kids Decor and target moms and moms to be. Decide on your target audience and brand yourself accordingly in the market to stand out from your competitors.
You can download a list of 99 E-Commerce Niches here. It will help you brainstorm ideas for your store.
Step 5 – Find Suppliers
Once you know what niche you want to get into, it’s time to find wholesaler/suppliers to source your products. Dropshipping is an easy way to get started, as it requires no huge investments or storing inventory. You only buy products from the supplier when your customers buy it from you. Make sure the products you select aligns with your brand and your target audience. Here’s a free list of 15 wholesalers for you to download and get a kick start to your store.
Step 6 – List Your Items
Click pictures or use the ones your supplier has and you are ready to list your items up for sale. Follow the simple steps here to get your listings up and start making money.
If you’d like to start your own Boutique, check out the Online Boutique Retreat. 14 steps, 14 lessons, PDFs and workbooks and final checklist to help you stay on track even after the course is over.