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5 Steps To Do Before Creating Your Online Store
1.
2. DetermineWhat
You wantToTrade
.
If you want to start an
online store, you probably
already have an idea for a
great product to sell. Keep
in mind that certain things
are conducive to selling well
online, while other items
may be more difficult to sell
when they can't be viewed
in person. In any case, you
should believe passionately
in the value of your product
- otherwise, it will be hard
to connect with customers.
Here are some questions to
consider:
3. Finda niche.
Knowing what
product you want to
sell is only part of
creating a successful
online store. You'll
need to figure out
what differentiates
your services from all
the other similar
services people can
choose, both in person
or online. Why should
a customer buy your
hand-knit sweaters
when they have 100
other online shops to
choose from?
4. Testthewaters by
sellingyouritems
onasmall scale.
In the real world, it'd
be wise to try selling
your products through
other, low-
commitment avenues
(consignment, flea
markets, craft shows,
etc.) before taking the
plunge and starting an
entire store. The same
is true for selling
online. Try selling
your items
individually on eBay,
Craigslist, Half.com
and the like. Here's
what you'll want to
look for
5. Makea business
plan.
Before you start the
process of opening your
online store, take the
time to draw up a
detailed business plan,
whether or not you're
planning on getting
outside funding from
investors. It will help
you plan the steps you'll
need to take to make
your business
successful. Figure out
your cost of operation
and map out a
marketing strategy.
You'll want to take these
factors into account:
6. Registeryour
business
According to your
state's laws. When
you're ready to make
things official, you'll
need to come up
with a business name
and fill out the
necessary legal and
tax paperwork to
register your
business.