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  • Ecommerce business

    Posted by Kajal on September 16, 2022 at 5:53 pm

    What 5 questions should you ask yourself before setting up an eCommerce business?

    Muthu replied 1 year, 5 months ago 4 Members · 3 Replies
  • 3 Replies
  • Delison

    Member
    September 16, 2022 at 5:56 pm

    Hey Kajal,

    When I started my business these were the questions that helped me out,

    1. Who will handle web development and design?
    2. Do I choose SEM, SMM, or SEO?
    3. How will I control product shipments?
    4. What goods will I market?
    5. Where will I get the merchandise from?
    6. How will I manage complaints from customers and other issues?

    Hope it is helpful. All the best for your new business:)

  • Khushbu

    Member
    September 16, 2022 at 6:10 pm
    1305 Coins

    When my friend started a hotel business he failed because he didn’t plan well before starting the business. He was forced to shut the business down in one month. Things seemed worse. I was next in the pipeline to start an online business. After seeing my friend fail I was scared to start. Soon in 6 months he again started an online business and he was making more profits. I was shocked and asked him how did this happen. Then the secret mantra he whispered in my ear is “plan”. Yes, you heard it right. The plan is the secret to kickstart anything you try to do. Here are some secret mantras listed below.

    1. What products or services will I sell online? 
    2. Can I sell these products online? 
    3. How will I source these products? 
    4. How will I deliver these products? 
    5. Who is my target customer? 
    6. Who is my competition? 
    7. What laws do I need to be aware of? 

    Cheers and All the best!

  • Muthu

    Member
    September 16, 2022 at 6:14 pm

    Hi All,

    1. Do you have the correct goods or services to offer for sale? You might believe you do, but without the right validation, your firm is in great danger of failing very rapidly.

    2. How well-versed are you in your target market? Can you modify your offer to appeal to your target audience?

    3. Do you have a comprehensive marketing strategy? Prior to launching the website, you should begin your marketing campaign. Your marketing plan should outline your marketing objectives, financial constraints, and technological difficulties.

    4. Which business model best serves both your target market and your products/services? Private sales, daily specials, multi-vendor, SaaS, etc. might all be options.

    5. Can you guarantee an appropriate development budget without affecting your marketing, logistics, etc. budget?

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