How start online store: step by step guide and tips

How start online store

How start online store

There are plenty of diverse stores selling goods online. The market is saturated, but that doesn’t mean newcomers can’t succeed. With the right approach, you can generate a good income. Let’s talk about how start online store from scratch and start earning.

Let’s consider the basic scheme used by many entrepreneurs. It’s not difficult and doesn’t require large investments.

Step by step plan how start online store

  1. Choose a niche.
  2. Legal registration.
  3. Suppliers for the online store.
  4. Organize product delivery.
  5. Website development and creation.
  6. Order payment on the website.
  7. Product sales.

Choosing a niche for the online store

The first step to building a successful business is selecting a profitable niche. Look for products on which you can set a good markup. Analyze what is currently popular. For example, there was recently a demand for inverters, which were being sold with crazy markups. It’s better to look for products that are in demand rather than seasonal ones.

From the very beginning, you need to complete the necessary documentation for trading units. People usually test the chosen niche first, and only after achieving initial success, they legally formalize everything. This is much easier, although not correct from a legal standpoint. It’s better to register as an individual entrepreneur and work without any risks.

Suppliers for the online store

Once you’ve decided what you want to sell, it’s time to start looking for suppliers. Don’t just choose one, as in case of force majeure, you won’t be able to hedge yourself. It’s worth cooperating with several suppliers. You can consider ordering goods from China, as it’s currently advantageous and profitable. Prices there are significantly lower. Don’t hesitate to contact suppliers and negotiate all the details. Negotiation is also part of the process. With large-scale purchases, you can negotiate a slightly lower price and save money.

Organization of product delivery

This is the next step in launching an online store from scratch. While searching for suppliers, also think about how you will deliver the goods to customers. It’s worth organizing all possible types of delivery – shipping through various postal services, self-pickup, and courier delivery. This way, you’ll be able to deliver your product to any corner of the country.

Website creation

The biggest challenge for anyone trying to create an online store is website development. In reality, it’s not as difficult as it seems. You can even develop a website on the WordPress platform by yourself. There are plenty of templates available for stores. By watching video tutorials on YouTube, you can do it all by yourself in a few days. WordPress themes are available for free, but we recommend paying attention to paid ones because they come with support and can help you if something is unclear. A website theme costs $50-100. This is a one-time payment, and the amount is small. You will need to pay for hosting and domain annually.

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After creating the website, fill it with products, descriptions, and photos. Create sections and group everything. It takes some time for the website to appear in search results. If you don’t know how SEO works, it’s better to hire an SMM specialist. Yes, it costs money, but you will save months of time and achieve the desired result faster.

Order payment

It’s important to set up payment processing in the online store to quickly receive money from customers. This is necessary to increase working capital. Set up the most popular payment methods – bank transfer, electronic money, cash on delivery, credit/debit card, cash. The more options, the more convenient it is for both customers and you.

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Hello! I'm Rostyslav K. - the author of the materials. I graduated from the Faculty of Journalism and have many years of experience working in top media outlets. After over 5 years in news journalism, I've gained a lot of knowledge, so I decided to create my own blog and share valuable information with you. I write on topics such as finance, earnings, and business ideas. I test various earning methods, review resources, and expose scams. And of course, I create materials about it. Check out my articles and stay updated on the latest news in the world of earning.
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