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1.1 Checklist of 10 key points before starting your e-commerce business
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.
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.
You’ve got several options when it comes to your business structure:
Operating an eCommerce business does not exclude you from needing certain business licenses and permits.
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.
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.
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.
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.
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