Here are eight critical steps to starting your e-commerce business.
- Come up with a business idea that fulfills a customer need.
- Conduct market research to ensure that your service or product idea fulfills a market need.
- Determine how you’ll sell your business idea and figure out how to handle shipping if you sell a product.
- Procure inventory or manufacture your product.
- Determine online channels to sell your product (e.g., Amazon, Pinterest, website)
- Develop your online storefront and showcase your products.
- Plan your fulfillment strategy and determine how to deliver customer orders.
- Develop a marketing and promotional strategy to collect leads and enhance conversions.
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