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Your checklist to starting an eCommerce business

e-commerce

With over 200 million expected shoppers on the web, now is the best time to initiate a new business. Especially if you want to join the bandwagon of an e-commerce business, you better dive full throttle right now. So, if you have cemented your decision to become a business owner, you need to know several aspects of this sector. In this feature, we will provide you with a checklist to kickstart your e-commerce business:

1. Choose an appropriate business name

The first and the most obvious thing to do is to settle for an attractive business name. Keep in mind, when joining the digital e-commerce bandwagon, you need to choose a unique name that hasn’t ever been heard before. Because the e-commerce business market is highly competitive, you need to go the extra mile to make sure that your business stands out in a large crowd. If you do not have intriguing ideas in your mind, you can settle for a corporate name from the web. Secondly, once you have decided on the business name, the next major step is to get it registered. This way, no one will steal your business name.

Suggested Reading: 15 latest e-commerce trends to watch out for in 2020

2. Secure your business website

Ideally, the business name and the domain name are the same, but if you don’t get the same, you can choose a URL that is easy to spell. Secondly, you need to keep in mind, the URL should be relatable with your business. Not to forget, if you settle for a tough domain name, your audience will get repulsed and look for other options around. For example, if your business is Mason’s Handy Craft creations, you need to settle for masonscreations.com, and if it is not available, you can choose masonscraftscreations.com. If you settle for ecommerce outsourcing, the professionals will sift through the best suggestions for the business name.

However, that’s not all. Through e-commerce outsourcing, you will be exposed to a plethora of ways to magnify your customer services. In today’s time, a good customer service is paramount for any business, which is why it is crucial for you to invest in it. Through professional customer service support, you can rest assured that your naive business will be presented in a decent way to the customers.

Secondly, when you decide to settle for an e-commerce business site, you will have to invest lots of money. Because a business website is completed with the investment of hard work, energy, and dedication, you must get it professionally developed. Visit the different e-commerce business websites on the web to know about the current trends. This way, it will become easy for you to have a perspective on your requirements.

3. Get the employer identification number

If you want to get the official business bank account, invest in the employer identification number. This is equivalent to the business’s social security number. Not to forget, this number is unique for every company and helps people realize it. In archaic paperwork, the employer identification number will be of great help. Not to forget, every business needs this number, regardless of whether it has employees or not. Unless you have the employer identification number, you cannot legally channel the business activities.

4. Choose the business type

Even before registering for the employer identification number, you need to have a knowledge about different business types. Not to forget, you will be exposed to a few options, such as:

  • Sole Proprietor
  • LLC
  • Partnership
  • Corporation

You will be intrigued to know, business owners who don’t choose a certain business type are considered sole proprietors.

5. Know the permits and business licenses

Operating an e-commerce business doesn’t mean you will be free from checking out the permits and licenses. Especially when you have decided to become a part of any business for the first time, you have to educate yourself about all these requirements. Check with your state and county to know about the sales tax and business licenses. Before you decide to operate, don’t forget to sift through these details. Keep in mind, if you start operating your business without having adequate knowledge of the documentation, your venture might get shut by the local authorities.

6. Start marketing early

Every business, regardless of its size, has to invest in a strong marketing strategy to promote the new product or service. Even if your product or service is not ready to be showcased to the public, it is always a good idea to run a social media marketing strategy for it. Build up strong profiles on the social media and try to grab as many customers as you can. Because digital media is flooded with a plethora of businesses, you need to be quick when deciding to market your product or service. Intrigue the audience by running contests and putting up the “coming soon” post. You can also offer updates via text messaging, and don’t overlook the aspect of e-mail marketing.

7. Learn different marketing techniques for your e-commerce business

As discussed, you need to prepare a marketing strategy for your offering before it is about to get launched in the market. Not to forget, if you choose to outsource the marketing services, they will cost you a lot of money. This is why, it is in your best interest to learn the different ways to market your product. When it comes to marketing, every business has two options broadly, either to settle for conventional marketing or digital marketing. If you choose to settle for conventional marketing methods such as TV advertisements, pamphlets, and flyers, they will cost you a lot of money. However, if you choose to use digital marketing, it will cost less and save time.

This post has been shared by Marcus Wiseman.

Read next: How to have a more efficient marketing approval process

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