Thread: E-Commerce Business - Learn the Steps

This discussion is intended for a view on different aspects of an e-commerce business, not necessarily selling on your website alone but to sell products anywhere online including ebay, amazon etc.

I will be writing the empty sections over the time. Please check back for updates.

What to Sell
A very crucial decision for the success selling online.
Check out this thread to learn what to sell online.

Product Sourcing
Lot of people spend days even months looking for suppliers for the product they like to sell. I have made two threads on how you can find suppliers with free and paid options.

• Finding suppliers free
• Paid supplier listing

I personally recommend you try the free options first. If you are to sell a very specific product its always better to reach the manufacturer first to see if you can open an account with them directly, as your profit margin would be maximized since you cut through any middle man.

Different Types of Product Sourcing
coming soon...

Legalize Your Business
Legalizing your e-commerce business is essential for many reasons. Read more about legalizing e-commerce business here.

Profit Margin
Check this thread to learn how to check supplier product pricing if profitable.

Marketing your business
coming soon....

Posted a new section "Deciding what to sell online". Check out What to Sell Online?

Some tips for successful e-commerce business:

1. Target the Un-Targeted:
   Know your customers thoroughly and target those needs that are unseen by your competitors.
   
   eBay is a bright example. eBay was quick to recognize peoples' desire to earn economic profits by trading second-hand products. eBay realized the need for a platform where such buyers and sellers could meet and trade. ECommerce technologies helped eBay to create the required platform required and the rest is history.
   
   When you are new to online business- Start Small but Start Right.
2. Strong Business Planning:
   Have complete knowledge of your revenue source, break-even duration and other important strategic details from the beginning, and decide on the milestones that are to be achieved. You should know the right moment to expand your business and plan for future sources of revenue.
   
   The Internet business has a cruel history of bringing about disastrous changes at phenomenal speed. Be prepared to face such upheavals and have plans in place to manage such turbulent times.
3. Business Friendly ECommerce Software:
   Always choose software that is easy to manage and allows you to focus on your core business activities.
   
   your business requirements. Analyze ECommerce software in terms of its scalability, security and the amount of customization allowed.
   
   Invest in a solution that not only meets your present requirements, but also is capable of accommodating your future business needs.
4. Create a Web Store with a Difference:
   Visual memory is more enduring than textual memory. Correct branding is important for the success of your online business. Increase your brand recall by creating an estore that is in tune with the likes and dislikes of your targeted customers.
   
   Learn more about your customers and create unique branding by using distinct color combinations, site layout and innovative logo. Attractive display of your domain name can also play an important role in branding your online store.
   
   Be different in order to create a positive appeal in the minds of your customers for achieving esuccess.

Nice interesting stuff. thanks for posting

Really good information, thanks for sharing with us

Hi

E-commerce is the sale of products and services over the Internet. It is the fastest growing segment of our economy. It allows even the smallest business to reach a global audience with its product or message with minimal cost. The sale of products or services on your Web site can generate sales that will make the difference between success and failure. Even Walmart, the largest retailer in the world with one billion dollars sales per day, could not anticipate the increasing wave of Internet business. On the morning of November 24, 2006, their Web site broke down because it could not handle the volume of Internet orders.

• 180 million people in the US use the internet at least once per month.
• In 2005 there were approximately 1.08 billion people worldwide who used the internet at least once a month. This is projected to grow to 1.8 billion in 2010.
• The online population has hit 73% of all U.S. adults.
• The average income of Internet households is over $66,790, making the Internet user a very attractive customer for you to target.

thanks

Added a new article on legalizing e-commerce business. Check out more Legalize Your E-Commerce Business

E-commerce business is really nice and good way to do online business.There are numbers of sites which are offering such services for their clients.Its awesome.

Experts predict a promising and glorious future of ecommerce in the 21st century. In the foreseeable future ecommerce will further confirm itself a major tool of sale. Successful ecommerce will become a notion absolutely inseparable from the web, because e-shopping is becoming more and more popular and natural. At the same time severe rivalry in the sphere of ecommerce services will intensify their development. Thus prevailing future trends of ecommerce will be the growth of Internet sales and evolution.

Thanks for providing the great steps for E-commerce.. These are very informative information..!!

It is process to cell the products in online to get business done through online thanks for sharing the info.

we also have to find out if the customers are interested in our product i think this is the greatest point in running the business.

Also try best tutorial. Thanks

As an e-commerce major, this is an interesting post...

Thanks for the very nice article in your site...