CDK's purchase of Auto/Mate may create a major disruption in the dealer management system (DMS) industry. Here is our take. DOWNLOAD
Online business today is one of the most attractive activities that can offer you some good income prospects. In this article, we will give you some understanding regarding e-commerce. Let's get started.
Choosing a product or a service
Preferably, goods should be compact enough and easy to ship. At first, you will not have the opportunity to constantly hire delivery transportation services. Perhaps you will have to deliver orders yourself. Thus, do not sell something like a piano! We also recommend you check out Canadian company providing shipping supplies and packaging materials.
Next, you should have a minimum number of competitors. Try to find empty niches for which there is going to be high demand. At the same time, you need to earn good money on the product, which means that a 5% markup is not enough. Pay attention to the fact that many products become obsolete with time.
In most cases, you should not choose a product, which has been on the market for a very long time. The same goes for services - it must be unique and offer some unique features thus distinguishing you from your competitors.
After choosing goods that you are going to sell online, it is necessary to decide how you will manage the sales process through the Internet.
Business infrastructure with minimal investment
Accounting. It is not necessary to hire an accountant. Your business is on the Internet, which means that you can engage in accounting with the help of special services and tools of which, there are plenty on the Internet.
Logistics. We suggest you opt for delivery services that are reputable and highly reliable.
Software. A successful business develops over time and there appear the need to use some special software to manage your business. In this case, you may want to make use of Google Docs to make tables, draw charts, type texts, plan tasks, and also to collaborate.
Who do I sell my goods and where?
In this case, you have different options to choose from. Some of them are free of charge while others are paid, but they give you a good result. Let us consider the options available.
1. Classifieds. We suggest you use some huge classifieds that have a lot of active users. Do not forget to promote your ads so they are always visible. Think about the advantages of your product and use them to stand out from the crowd.
2. Contextual advertising. It is a must, since the result is almost instantaneous. The main plus is that it is seen by a person who is already interested in your product. When performing a search, they see your ad, click on it, and place an order. We recommend getting at least some minimum knowledge about the mechanisms of contextual advertising to be able to buy such ads yourself.
So we hope you find our article helpful. Additionally, we suggest you check out some custom poly mailers obtained here as you might need those when shipping your goods to customers.