An E-Commerce Business is a sales channel that provides you with great potential and visibility with millions of customers; if you create your business with the right strategy, sales partners, sales channels, and products.
Last year, small and medium-sized businesses in the United States sold more than 3.4 billion crops in Amazon stores (in the 12 months ending May 31, 2020), compared to 2.7 billion the previous year.
If you are planning to make your e-commerce store or looking for tips and ideas to help you increase your presence on the Internet, this guide is for you.
Start an e-commerce business can be a big step. Although many aspects to consider, it does not have to be a complicated or overwhelming experience.
Some of the most popular brands and businesses started small, selling just one or two products online and growing from there.
In this guide, we clarify how to start your virtual store or grow an existing retail business. In addition, you will be able to learn about some of the advantages that Amazon offers to independent brands and small companies as a primary or secondary sales channel.
How profitable is E-Commerce?
For aspiring entrepreneurs and growing companies, e-commerce can be a very profitable model to adapt to, either as the sole focus of your commercial or as an additional sales channel.
The trends show that the e-commerce business continues to grow year on year. Amazon’s sales business growth supports this, as more than 50% of all units sold in our online stores are from third-party sellers.
Is it too late to twitch an E-Commerce Business?
No, it is not too late to start an e-commerce business. As consumers become more comfortable buying products online, the e-commerce engine is likely to continue to grow.
Do not be afraid to create or establish an Internet business. Try Amazon to see if your idea has potential. The Individual sales plan allows you to sell online and gives you the freedom to pay per item sold. It is ideal for sellers who have not yet decided what to sell.
The professional sales plan gives existing business owners or entrepreneurs ready-to-go access to professional selling features. This plan carries a monthly fee, but it gives you access to features like advertising and promotions that can boost your visibility and revenue.
Introduction: how to start an E-Commerce Business from scratch
If you are interested in creating your business online, you are in the right place. Here, we’ll walk you through the process, from considering your million-dollar idea to having your eCommerce store.
Step 1: Research your business idea
Before creating your virtual store, you have to research your business plan to help you make important decisions quickly and efficiently. There are several ways that sellers decide which products to sell or create. These are some of the most important decisions you have to make when starting your e-commerce business.
Find a critical point or challenge worth solving
What problem or challenge are you looking to solve? Is it most affected by this critical point? Who would love to solve this problem?
Finding a problem worth solving is crucial, as some ideas, even novel ideas, can fail when they don’t have a supportive audience of clients.
For example, do you want to make high-quality kitchen utensils? So the people who enjoy cooking will be some of your best customers. Do you sell thicker and more durable yoga mats? So yoga practitioners and instructors could be your best followers.
Think about the challenge your products will meet. Identify the users who will appreciate what you are trying to create and always keep them in mind. It will guide your goals.
You don’t have to expression far to find a suitable product idea. Often, people sell to a family group because it is much easier to identify problems and detect needs more quickly. Think about your interests to identify product opportunities that people with similar interests or hobbies may need.
Being observant can help you find an excellent idea for the product
The best ideas come from regular, everyday events, like having a meal with a friend. Internet business owners Saadia Mirza and Bassel Riche had a business idea over dinner. They noticed a problem on the paths of Atlanta. Women who go out at night remove their shoes and walk barefoot on the sidewalks to relieve foot pain. Inspired the brand’s owners to create a new product: Purse Pals, folding ballet shoes to help reduce sore feet from uncomfortable shoes.