Financial independence is a concept just about everyone wants to achieve in their life. And nowadays there are more and more ways to fully realise this idea by your own efforts. One of the most popular ways to reach financial freedom is by starting an ecommerce business.
The world around us is constantly changing, especially with everything surrounding the tech industry. Nowadays, it’s completely normal for any individual, of practically any age, to own some kind of smart device. Be that a smartphone, or tablet. In fact, practically every household has a personal computer or laptop and with internet becoming accessible everywhere to absolutely anyone, it opens a whole new world of opportunities.
How, you may ask? The online space extends into practically every aspect of our lives. Shopping, for example, is one of them. The retail industry has grown into one of the biggest online markets in the world today.
For consumers it has become much easier to find exactly what they find in just a few clicks. Retailers, on the other hand, move online to adapt to changing customer habits. And, in fact, it has become easier to find and attract online consumers thanks to various online tools.
Safe to say, the future if ecommerce is looking especially bright. Anyone has the instruments to start an ecommerce business, however, it does require hard work and demands many steps to come together.
But don’t worry, you’ve come to the right place and in this article, we will show you the essential things you need to know before starting an ecommerce business!
1. You can start with zero experience – and zero expenses
Nowadays it has become especially easy to start your own ecommerce business. There are many different services you can find on the internet that offer you to build an online business.
One of these types of services is the Sellvia Ecommerce Ecosystem. However, with Sellvia, you can get much more than an online platform to sell your products! Find out more here.
The best part about this is that you do not have to know any specific skills or knowledge, you will receive an online store crafted by professionals with years of experience in ecommerce. So, you can be sure that your website will have a high-quality design that will be pleasing to the customer’s eye.
2. Your product strategy is paramount
Probably the most important part of creating an online store is choosing the right products to sell. Your product assortment is going to be the key to bringing in potential customers and your overall business success. You must have a long-term vision for success with a product or service that truly adds value to the market.
As you are thinking of starting an online business, odds are you already have an idea of a product you want to sell. Although this is a great start, it is still crucial that you research the product you will be selling. Is there a demand for this product? Who are your competitors? Is there a gap in the market? Who are your potential customers?
Remember, market research is a key component to your ecommerce business’ success.
Now, of course, if you specialize in creating your own product, you can build an ecommerce business around it. However, if you wish to go the route of not having to hold an inventory, you can try the dropshipping business model.
Dropshipping allows ecommerce entrepreneurs to enter the ecommerce space without having to worry about the traditional upfront costs any business requires. Also, you don’t need to hire staff, pay for office space or a warehouse, and so on. All you need to do is choose a product with potential that will be desirable in a specific niche.
Moreover, it’s best to choose a product that you’re genuinely interested in. Not only will you be creating a business you’re passionate about, but you will also be able to add value through your personal knowledge.
3. Your ecommerce business brand is key to standing out
Once you have figured out what you will be selling, you need to pick a name that fits your brand. You should choose something that is descriptive and memorable. By doing this, try not to be too general or vague. Your goal is for your customers to know what they are buying when they hear your business name. Furthermore, if you are planning on growing your business in the future, try to use a name that is scalable. By this, we mean to select a name that will capture your future growth.
Also, don’t forget to create an awesome logo.
4. Don’t forget about your domain name
You will need to decide on a descriptive and memorable domain name for your website. We suggest you ensure that the domain name is available. This will be the URL that you will share with your customers to access your website. Therefore, try to keep it short and use a trustworthy domain extension, such as .com.
Once you have chosen your domain name, you need to find out if it is available and within your price range.
5. Search engine optimization is crucial
Your online store won’t perform to its full potential if you won’t apply Search Engine Optimization.
With strong rankings, you can generate leads and grow even more. You have probably heard the term used a million times before, but it is still crucial that you understand it. Most importantly, you must identify keywords that are relevant for your business and the products you are selling. You can use keywords throughout regularly updated written content on your site. This content should also be accurate and informative. Getting your message across online is very important.
6. Effective marketing is vital
Once you have the perfect products, and an online store, creating an effective marketing plan is essential for putting them in front of the people who are most likely to make a purchase.
It might seem daunting to start with, but like any mammoth task, it’s made easier by breaking it down into smaller chunks and taking it step by step.
For example, the essential place to start is by identifying your target market – are you marketing to teens or the older generation? Is it typically more likely to be purchased by men or women?
By knowing your audience, you can tailor your marketing strategy to suit.
Social media is the best way to reach a large number of people instantly for free, but it does take time to build a following. We would advise setting up your social media accounts before launching your business to create interest.
If you are relatively new to online marketing, you should prepare yourself with the best ecommerce dropshipping course so you start with a good foundation.
7. Pay attention to the written content
Once you have an idea of the marketing strategy and the basic mechanics of your store in place, you’re going to need to think about the content – both written and visual.
First things first, in an online world, word-perfect content that gets your message across is absolutely vital.
If you sell a practical product, you might think that it speaks for itself, but if you want to generate leads and increase sales this definitely isn’t the case. You’ll certainly need a home page, product descriptions, perhaps an ‘about us’ page, and maybe even a blog if you want to create a space to share your industry expertise.
8. Visuals can really help boost sales
Visuals go hand in hand with the written content of your store.
There’s a plethora of ways you can introduce visual content to your store as well as your accompanying blog. Obviously, you’ll need images of your products so customers can see what you have to offer but you can also add images to spruce up your blog.
Video tutorials are a great way to generate new content, showcase your products and what they can do, engage your audience, and drive traffic to your ecommerce store. In addition to this, infographics are an innovative way to deliver a lot of information in a concise way that people will stick in people’s minds. They can be as elaborate or as simple as you want, depending on your budget or technical know-how, and studies suggest they’re 30 times more likely to be read than a purely textual piece.
Share these kinds of visuals on your site, and you’ll see an increase in traffic in next to no time.
What if we told you that each essential detail on this list you can get in just a few clicks? With Sellvia, anyone from anywhere can start their own ecommerce business and sell to one of the most lucrative markets in the world – the US market.
Starting an ecommerce business with Sellvia
Sellvia is a groundbreaking ecommerce ecosystem. It’s aimed at covering plenty of online business areas – from product sourcing, storing, and packaging to branding and promotion.
By partnering with Sellvia, your customers will receive their packages within 1-3 business days. Our Fulfillment Center staff will assemble your package and hand it over to USPS or UPS in just one business day. Online shoppers buying from your store can rest assured that their orders are in good hands.
That’s not all! Sellvia provides much more than that. With Sellvia, you can start selling this extremely popular smartwatch to your customers in a matter of seconds! Go here to add its stellar, purchase-stimulating product page to your store: it goes with the perfect description that you don’t have to review or edit!
So, by importing this (or any other!) product to your online store from the Sellvia catalog, you get all the benefits that are crucial to succeed in ecommerce.
Additional benefits starting an ecommerce business with Sellvia
Marketing guidance & ready-to-go campaigns
We create money-making, ready-to-go marketing campaigns for every product and provide you with audience settings for Instagram and Facebook paid ads to drive large amounts of traffic and generate huge profits.
High-quality product pages
A high-quality product page for every product is also ensured – just import a product to your store with professional photos and compelling product descriptions (BEST ones in the industry!). They will surely catch your visitors’ attention and don’t let them leave the store empty-handed!
New, hot products uploaded every week
At Sellvia, we monitor the ecommerce market on a permanent basis to find new hype products. So every week we add new products to the website.
All the products in the Sellvia catalog have low initial prices that let you both stay competitive among other online stores and have higher profits.
Starting an ecommerce business: conclusion
Setting up an ecommerce business may be hard work, but it is definitely possible. Most importantly, you have to remember that success takes time. It will not happen overnight. Following the above steps will give you a solid foundation, but there is a lot of work required throughout the entire process. Luckily, if you remain persistent, you will learn so much valuable information by getting hands-on and just going for it.
Starting an ecommerce business is definitely no easy task, but not if you decide to team up with Sellvia! And if your goal is to conquer the US market and build a steady financial income source, then it’s time to start acting!