Internet retailers allow it to be so convenient for us to purchase the things we require. We can buy just about any products we want from our phones and tablets and have them delivered to our doors. What is E-Commerce Startups? E-Commerce Startups is a booming industry in Australia, with online retail sales totalling over billions. So if you’ve got a great idea for a product or service that can be sold online, this guide will help you start an E-Commerce Startups in Australia.
There are so many products to sell online — clothing, handmade jewellery, workout gears, shoes — you name it. Here’s how to do it.
The financial systems of any e-commerce store are a great opportunity for completely new companies because the setup expenses are lower than for any retail shop. You don’t have to commit to expensive shop rental and fit-out costs. All you need to set up an e-commerce business is a great product, a marketing plan, a website with a secure payment portal and a way to deliver products.
How to set up an e-commerce company that works 24/7? A successful e-commerce business helps make funds even as you rest.
Preparation is critical. Your e-commerce business is far more likely to succeed if you take the time to plan and test the market. Set up your business with the minimum viable model, so you can learn and grow your business as customer demand increases.
Here are the steps to setting up your E-Commerce Startups.
1. Know your market and your competition: You’ve got a great idea, but does anyone want to buy what you’re selling? Go through market research to make sure there is a demand for your product or service. Is your product unique? Maybe someone else is already selling something similar. If they are, you need to understand your competition.
2. Generate enterprise and marketing plans: Start with writing your company program making use of the free template here. A business plan helps you clarify what you’re selling, how you’re going to make and sell it, your budgets for expenses, your business cash flow, and how you’ll measure your success.
3. Register your business: If your market research and business plan determine that your business is worthwhile, you’re ready to formally create your business. Next step is to get an Australian Business Number (ABN) and an ASIC-registered business name.
4. Get a complementing website name: It’s a smart idea to make your company logo and domain name smartly to ensure they match. This makes it easy for customers to remember your business name and website address.
5. Create your e-commerce website: The next step is to create the online store itself. An e-commerce website needs to:
The most important feature is that e-commerce websites must be secure, to protect your customers’ personal data and credit card details from theft.
Learn about SEO: For virtually any business that exists purely on the internet, your website is the only real ‘face’ of your own company. If customers can’t find you, you’ll miss out on sales. And in order for customers to find your store, search engines must find it first. So you’ll need to become skilled at search engine optimization (SEO). This is the process of making sure search engines find and list your website on search results pages.
Customers don’t always know what they desire. They might be searching for a solution to their problem. So the best search term might not be the exact name of your product.
In short, keep up with your customer service, provide solution emails and concerns, improve your FAQ web page, refine your ads, run prize draws, and promote like crazy. However, if you need help for your E-Commerce Startups contact us today.