The Internet has become a great place to start a business. For many people, their website is their business and they have no bricks and mortar store at all. This allows them to start a business that may become worth millions, for a relatively small amount of money, especially compared with what it would cost to start a traditional kind of business.
So what exactly do you need to start an online ecommerce business? Like any other business model you need to do some research to find what product or service people want. Few people these days are in need of wagon wheels; chocolate ones may be a different story. Here are some tips on what you need to start a business online
- Products or services that people want.
- Decide where you will get your products from. Some people make their own products, others buy and store them – or they dropship. Dropshipping is taking orders for another company who keeps what you want to sell. When you get an order, you send it to the company and they dispatch the order straight to your customer. This saves you having to store goods. You set your own price and get a percentage of the sale.
- Decide on the name of your business. This has to be done before you get a website as the domain name should be the same as your business name. Research will be essential to ensure that domain name is available.
