1.1 Checklist of 10 key points before starting your e-commerce business
1. Start With Your Business Name
The first thing to do (after you decide what you want to sell, of course) is choose a fabulous, memorable business name that no one else is using.
2. Secure Your Domain Name and Website
Ideally, you’ll get your business name as your domain name, but if it’s not available, choose a URL that’s easy to say and spell, and relates to your business.
3. Select The Best Business Structure and Register Your Business
You’ve got several options when it comes to your business structure:
- Sole Proprietor
- Partnership (if you have a business partner)
4. Get Your Employer Identification Number
5. Apply for Business Licenses and Permits
Operating an eCommerce business does not exclude you from needing certain business licenses and permits.
6. Find the Right Vendors
You’ll have a lot of competition selling products online, so it’s in your best interest to find the best quality and best prices for the products you sell or materials you use to create your products. Shop around until you find a vendor you want to do business with long-term.
7. Start Marketing Early
Even if you’re not up and running, it’s a good idea to set up social media profiles and writing content for your blog now so that you’re not starting from scratch Day 1.
8. Get More Productive with the Right Software
Technology can make so much of your work easier, so before you start your eCommerce business, play around with customer relationship management, accounting, project management, and email marketing software that you can integrate into what you’re doing once you launch.
9. Stock Your Inventory
Whether you’ve got a warehouse full of products somewhere or your inventory lives in your garage, make sure you’ve got enough to launch.
10. Make Sure Your Business Stays Compliant
Once you launch your eCommerce business, things are going to move at the speed of light. Don’t overlook filing your annual report, if you incorporated or filed an LLC, nor those annual fees for business permits. If you need to, put these deadlines on your calendar so you stay on top of them.
In addition to :
– What are you going to sell (product
– Where are you going to sell it (location)
– Who are you going to sell it to (customers)
– Through what channels are you going to sell (online only? ecom store and marketplaces? online and offline?)
– How are you going to market the ecom store
– Who will you use for logistic support and payment gateway