Starting an eCommerce store is a great way to make money online. According to data from Insider Intelligence, consumers in the U.S. are expected to spend a total of $1.05 trillion on eCommerce by the end of 2022. This is a record-breaker and an increase of 9.4 percent from last year’s spending. It also shows an increase in the share of eCommerce in total national retail sales from 14.6 percent in 2020 and 2021 to 15 percent.
However, there are several things you need to keep in mind to make your store successful. This article will discuss tips on setting up and growing your eCommerce business.
Choosing Your Niche
The next step is to decide what you’re going to sell. This can be anything from physical products like clothes and accessories to digital goods like e-books and software. Once you’ve decided on your niche, it’s time to research.
You need to find out if there is a demand for the products you want to offer. The best way to do this is by using Google Trends. This tool lets you see how often particular terms are searched for on the internet.
If the trend line rises, it means that more and more people are interested in that topic. This is a good sign that you should enter that market. However, suppose the trend line is flat or declining. In that case, it might indicate that the market is saturated or that people are losing interest.
Choosing a Supplier
Once you have chosen your products, you must decide how to stock your store. You can manufacture products yourself or source them from suppliers. If you’re going to source products, make sure you find a reliable supplier who can provide you with high-quality products at a reasonable price.
You can use websites like Alibaba and Global Sources to find suppliers. Once you’ve found a few potential suppliers, it’s essential to do some background research on them. Make sure they are reputable and have a good track record. It’s also a good idea to visit their factories and see how they operate. This will give you a good idea of their products’ quality and manufacturing process.
You can make drop-shipping arrangements where they ship the products to customers on your behalf. This will be more cost-effective than shipping the products to you and then having you ship them to customers.
This can enable you to sell to shoppers outside the U.S. if your supplier’s location is close to them. Forbes predicts that more eCommerce businesses will sell globally in 2022 and beyond.
Setting Up Shop Online
These days, you don’t have to be technically savvy to set up an online store. You can hire services to do everything technical for you.
For instance, you can get Shopify eCommerce development services. These experts will build your Shopify storefront using a customized theme and enhance the basic foundation with interfaces created just for you. They can maintain and update your storefront, providing 24/7 support and optimizing performance. In other words, you have an entire backroom service for the technical requirements of your eShop so that you can focus on the business side.
It is best if you hire digital marketing services that work in partnership with your eStore development services. The digital marketing services will handle search engine optimization (SEO) to ensure that your eStore ranks high in searches and brings in visitors.
Your digital marketers will determine the best keywords to make your eStore rank high in mobile, voice, local, and computer searches. The developers will ensure that these keywords are effectively inserted in your eStore.
You can also ask your digital marketing service to write the copy for your eStore, including product descriptions. If they have photography services, they can do your product photography, as well. These photos can be used on your eStore and in your social media marketing.
Your digital marketers will also handle your social media marketing. That means setting up social media accounts for your eStore on all social media platforms that your target market uses heavily. They must also post regularly using the messaging and look that you have agreed on for your brand. These posts will aim to attract and engage with your target market. They will drive more traffic to your store.
Social Media Selling
Social media platforms like Facebook and Instagram have become popular places to sell products. This is because potential customers are already spending a lot of time on these platforms. This is an opportunity you must maximize.
These platforms have very specific rules about how businesses can operate on them. If you want to sell products on social media, you need to make sure you are following all the rules and regulations.
Sell Online Successfully
Setting up and growing an eStore takes time, effort, and money. However, it can be a very rewarding experience. With a bit of planning and some hard work, you can make your eStore a success.