4 Steps to Start an E-Commerce Business
A unique facet of the eCommerce business is that it can be as small or large, niche-oriented retailers. Some examples are Etsy craft sites for handmade items and Amazon.
The size of e-commerce companies varies according to what they do online – some have a single page while others have full catalogs spread across multiple websites across various channels such as social media networks like Instagram, etc. Research has often found that differences between types of companies arise from different goals, but even before that, you can look at how old each company is.
Keep Your Research
You need to conduct research in order to learn how to start an e-commerce business. Researching different locations, food options, and themes before starting a restaurant is similar to researching the e-commerce area you are interested in and making some decisions.
It might be worthwhile to consider exactly what you will deliver if you’re going into e-commerce. How are you going to deliver the product? How about selling digital or physical products? Where will you get the raw materials? In this regard, you will also want to think about your business model – will you sell single products, packages, subscriptions, etc.?
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Choose legal Structure
Once you have decided on an e-commerce strategy, the next step is to choose a business name. Names for businesses should reflect what your business does or is, as well as be unique. Ensure that your business name hasn’t already been registered with your state’s secretary of state and the Bureau of Patents and Trademarks.
Also, choosing a legal entity for your business is a crucial step.
The vast majority of businesses tend to choose LLC as their entity. We encourage you to learn more about limited liability companies
If you do not wish to invest too much time in a website just yet, it is worthwhile to check to see if the domain name you are considering is available. Consider using a different business name, such as “yourbusinessname.co” instead of “yourbusinessname.com.”
You will need to apply for local and state business licenses and permits as soon as you have an EIN. If you operate your e-commerce business as a sole proprietor or general partnership, you do not have to register your business with the state unless you are filing a DBA under a specific business name. A general operating license is required if your business is an entity other than a sole proprietorship. The location of your business might necessitate the acquisition of a local operating license as well.
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Choose Ecommerce Platform
Now that your business has been legally registered, you are ready to launch it. Thus far, most of our activities have been similar to those of traditional brick-and-mortar businesses. We recommend that you set up your website and online store now, rather than searching for a physical location and setting up your physical store.
Shopify provides an all-inclusive, easy-to-use platform with a variety of customizable features. You can use Ecommerce Web Design Services to make it easy.
You can download WooCommerce to start selling on your WordPress site if you already have a WordPress site or are familiar with the platform. This plug-in is open-source, free to download, and supports the full range of e-commerce features. The open-source nature of WooCommerce, however, makes it best suited to business owners with some technical experience.