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Starting an eCommerce Business From Scratch
With the constant growth of the Internet, it has allowed trade opportunities to be more accessible to everyone. Earlier, starting a new business was an enormous job, especially in sourcing the funds for the business. Business owners quit their existing jobs, obtained a loan from the bank before they began to make any money. It is no wonder that more that 50% of them did not succeed. Presently trade opportunities are easily accessible to anyone prepared to invest their time and try to learn all they can about ecommerce. You can establish an ecommerce business with nominal funds and almost no risk at all.
Studies show that about 70% of shoppers perform some sort of research on products online before purchasing them. Savvy shoppers would rather prefer online shopping than actually going out and searching for what they need one store after another. When they shop online they can easily research and compare products, read reviews and select a trustworthy and best rated online retailer with best pricing.
Whether you aspire to become one of those successful and well-known online retailers or just have a profitable ecommerce site that supplements your income, you need to educate yourself about all of the necessary steps you need to take to start an online business.
Below are a few steps that will help you get your ecommerce business started.
1. Find Your Niche
2. Research the Demand
3. Scope out Your Soon-To-Be Competitors
4. Establish a Business Entity
5. Open a Business Bank Account
6. Choose a Domain Name
7. Create Your Website
8. Get an Open Source Solution
9. Use Paid ecommerce Solutions
10. Host Your Website
11. Implement a Shopping Cart
12. Use Merchant Services
13. Get a Hosted Shopping Cart
14. Use Fully Integrated Shopping Carts
15. Stock Your Inventory
16. Promote Your Business
You can read more about the steps at the link below.
Article Source: http://EzineArticles.com/2771958
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