I know you Google search this one of the terms “how to start Ecommerce Business” | “How to make money from an ecommerce Business” | “How to start an ecommerce store” or something similar.
If I am right – You’re looking for an easy and, STEP BY STEP GUIDE TO LEARN HOW TO START ECOMMERCE BUSINESS and make money from it, then you’re come to the right place.
I have been running multiple ecommerce businesses and also helping my client to make money from ecommerce business for 5+ years and I am here to show you the most and simple way to start your INTERNET BUSINESS.
How to Start an Ecommerce Business ( and Make money ) in 2020-2021
Learn How to Start an Ecommerce business or Ecommerce store by following these simple steps mentioning below:
- 1. Find Ecommerce Business Models
- 2. Pick you Niche for your Ecommerce business
- 3. Where you find your product.
- 4. Pick your Ecommerce Brand Name, Tagline and Symbol.
- 5. Create Your Online Store.
- 6. Register Your Ecommerce business
- 7. Opening a bank account and legal stuff
- 8. Payment Gateways.
- 9. Logistics
- 10. Attract customers to your Ecommerce website
- 11. Set your First Sale.
If you’re ready to take the leap and learn how to start Ecommerce Business or Store that can grow into a source of real online income, then let’s dive in.
1. Find Ecommerce Business Models
Choosing and implementing the right Ecommerce business model is not that big challenge you think. Especially when you know what you are selling to whom.
There are 4 major classifications of Ecommerce Business but the chance of success start with knowing which model fits your targeted Niche.
Let’s dive, what inside your HEAD.
Whenever you want to buy something you might visit – Amazon.com / Amazon.co.uk etc etc…..
Mainly people think that type of Ecommerce business model that is Business To Cusomer ( B2C ) – selling private labelled products to individuals but whenever we talk about ecommerce is not only B2C but more than that.
Let’s Classify 4 Major type of Ecommerce Business.
1. Business to business (B2B)
It is model where one company provide goods or services online with other companies.
Ask Yourself these Question Before start Ecommerce Business B2B Model.
- Does your buyer prefer to buy products or server in bulk?
- Do your clients required any specification or adjustment in your products or services?
- What is your MAIN ADVANTAGE over your competitors?
- Are you start with New Business Idea in B2B Market?
- Can you offer competitive pricing while maintaining efficient ROI?
Example Of B2B Businesses.
- A Cybersecuirty firm is offering its online credit card fraud security software to a company
- Amazon Business – B2B Ecommerce product selling and Buying Platform
- Alibaba – same like Amazon Business
- Danish Water Technology – provide Water Management solution and more for other businesses.
2. Business to Consumer (B2C)
It is one of the earliest forms of Ecommerce and ak=lso growing massively in the last few decades as we know the Retail Giant AMAZON.
In B2C business sell the products or service to the customers.
Ask Yourself these Question Before start Ecommerce Business B2C Model
Example Of B2B Businesses.
- ALL big online retail store like AMAZON, WALMART, FLIPKART and Payment processors like Paypal, Stripe
- A digital education platform website like Khanachdemy, Codeachedmy where the user learns basic computer programming and coding languages for free.
3. Consumer to business (C2B)
C2B is opposite of B2C, In C2B customer sell there products or services to the businesses.
Example Of C2B Businesses.
- A photographer selling his Images on websites like Shutterstock.
- Freelancer Selling their services on Freelancing website like Fiverr, Upwork, Freelancer.com.
4. Consumer to Consumer (C2C)
In C2C ecommerce business, cusumer sell to cusumer or vice versa using third party platforms.
Example Of C2C Businesses.
- A platform like Paypal or Stripe.
- Cryptocurrency exchanges platforms that offer over-the-counter trades to users.
Top Trending Ecommerce business models growing in 2020 – 2021
Once you’ve decided to choose which type of Ecommerce business you want to start, the next thing to find the right Ecommerce Business model. This is the main part when New Startup or Rising companies failed because they choose the wrong model.
Here are the Top 6 Trending Ecommerce Business Model List
1. Private Label
There are many New Startup Entrepreneurs or Small Businessman with great product ideas but no ideas on how to manufacture the product themselves.
So, they order from manufactures with there own Private Label on that product to sell them on the internet with there label.
Companies that manufacture products offsite for sale send the plans or prototypes to a contracted manufacturer who produces the product to match customer specifications.
Means YOU are not manufactured YOU are actually Marketer and Sell their products under a private label on platforms like AMAZON, eBay or sell there product on there own Ecommerce Store.
On-Demand Manufacturing products allows you to change suppliers very quickly if you get any problem in your product quality.
The Startup Cost in Private Label Ecommerce Business Model are minimal, and if you;re interested in selling muliple products still you can sell your product online and Start your own Ecommerce business.
Best Example for Private Label Product For Ecommerce Business or Ecommerce Store is
MVMTWATCHES is a brand of United States they are selling Classic Wrist Watches, Sunglasses and accessories both Men’s & Women’s.
Dropshipping is the easiest Ecommerce business Model for selling products online. Dropshipping is very trending now a days.
In dropshipping you are from managing inventory, warehousing stock, or dealing with packaging, but there’s a major caveat.
In Dropshipping storefront and take the customers’ money through credit cards or PayPal or Stripe. The rest is up to your supplier.
For dropshipping many are using a combination of Shopify + Oberlo or Woocommerce + Alidropship. both are quick and inexpensive to set up.
Investment to start dropshipping is very low as compare to all other Ecommerce Business.
You can Start this under $500.
This popular model is to set up a very easy store and drive traffic with Facebook Ads. Margins are thin and if you can squeeze out some profit here, more power to you.
Best Example for Dropshipping For Ecommerce Business or Ecommerce Store is
They this ecommerce business working on Dropshipping business.
You can explore this Inspireuplift.
3. White Label
White labelling is similar to Private Label with few differences. You choose a product that is already successfully sold by another company but offers white-label benefits, design your package and label, and sell the product.
4. Print On Demand
Print on demand or POD – similar to dropshipping, here third party businesses sell a variety of products like t-shirts, hoodies, leggings, mugs, phone cases, and canvases.
You work is Designs High quality or trending Designs for these products.
POD companies use your design on their products and When an order is placed, a third-party manufacturer prints the picked design on a product packs it up in branded packaging and delivers direct to the customer.
I prefer POD Ecommerce business over Dropshipping.
Best Companies for POD is Printify and Printful
Best Example for POD For Ecommerce Business or Ecommerce Store is
5. Subscription Service
These type of Ecommerce Business rely on a subscription model that delivers customers a box of products at regular monthly or weekly depending on the type of product.
Subscription Ecommerce Businesses have almost stable income streams and can easily incentivize customers to purchase additional subscriptions or promote their contacts to subscribe.
Choosing the right products and niches can be difficult in Subscription Ecommerce Business because its totally depend on Niche Products.
Successful subscription boxes tend to fall into a small few product categories: health and grooming, beauty, and fashion.
Best Example for POD For Ecommerce Business or Ecommerce Store is
Wholesaling Ecommerce businesses require a lot of investment if you want to start.
You need to manage multiple things like inventory and stock, keep track of customer orders and shipping information, and invest in the warehouse space itself.
Wholesale businesses are all about volume, you have to sell products in volume. means Business to business. More requirement more profit.
2. Pick you Niche for your Ecommerce business
Choosing the right Ecommerce Business Niche is very difficult and important because without a right Ecommerce business niche then, it may not be possible to find the right customer for your products.
Running an ordinary Ecommerce business like Amazon is very difficult and need a very large amount of investment and man-power.
Ecommerce small businesses face many chanllenges when it comes to grow customer abse and attracting new customers.
But with the right Ecommerce Niche it Every easy to attract customer, required low amount of advertisement and retain them.
First you will Learn
Benefits of Ecommerce Business Niche.
So what are the benefits of winning a niche that others haven’t profited on?
As with any business, you need to do your due attention and make sure that you are running to be able to make a profit from it.
Here are the best reasons to start selling in a niche market.
- Low cost of the advertisement.
- Attract more loyal and recurring customers
- Higher Price Inventory
- High ROI
- Targeting Right Customer is very easy
Learn How to Find Ecommerce Business Niche
Most Important part while lauching an Ecommerce business is Finding a Niche.
So how do you go about finding your niche?
You don’t want to find yourself looking at a brick wall, you need to use some tactics so that you can get started quickly.
Here are the Best Strategies For Finding Ecommerce Niche.
1. Use Your Eyes to See Current trends.
There are 3.5 billion Google searches are made every day.
And this is very high Number per day. 4.57 Billion Human population have access to internet, It’s almost 59 percent of the global population.
Now, you can see there are billion of opportunity.
Only you have to pick the right product which is trending on the internet.
You can use Google Trends to see when people have been searching for something on the internet. And there are also some advance tools you can use to find new niche opportunities with tools like Semrush, BuzzSumo and also you can use Quora.
2. Find a need.
This is the best tactic because the need of the product has low competitions as compare to others and it is also a Super niche for Ecommerce Business.
And as we know “NECESSITY IS THE MOTHER OF INVENTION”
Need make you RICH.
3. Analyze the competition.
Check and analyze other Ecommerce Businesses to determined that there are customer in that niche.
Check Products on Amazon what is best selling, why, when.
Find Ecommerce Product on Google Shopping and Visit the product website and Analyze them Like Visitor on that product, SEO of that product or CPC on the product keyword. Use tool like SimilarWeb to Moz Open Site Explorer to in-depth analysis on your competitor Ecommerce Store.
4. Become a Future Predictor.
First, this method is risky and risk means if you will get success then that will be lot of money and money.
Future prediction here is to find best future requirement of a person, men, women, kid or old age peoples.
Example like VR handset they are too famous for Gaming and now they are also use in Eduction.
Drone is also a Future predictor for Photographer. There is need of Drone Photographer. Means You have to sell best Drone PhotoShoot Setup for them.
Best Example of Niche Products.
There are countless Ecommerce Business niches today, and this will only expand as people get more creative.
Here are the examples
It’s not just for men, it’s for men with beards.
Beardbrand is an Ecommerce business that sells beard care, oil, grooming, trimming and styling products.
Beardbrand Founder Eric Bandholz here Predict Beard Product will be famous and trend in the next few years.
CBD is a niche itself, only for pets and this could be a super-niche.
ImbueBoanicals offers various CBD products, but the one that reaches out? Their K9 Comfort-Plus for dogs. Both also carry CBD products for cats and horses.
AurumRose is a Vegan cosmetics and makeup ecommerce business.
Which is a classic example of a secondary niche that already exists within a more significant niche?
AurumRose focuses on clean beauty and also including incredible vegan-based cosmetic products.
AurumRose makes it easy for customers to investigate different types of cosmetics and learn more about the ingredients applied to create them.
3. Where you find your product.
This depend on Which type of Ecommerce business you will Run.
Like Private Label, Whole Selling, Dropshipping, Print on Demand, Subscription service etc.
Here I Few possible and best way you can find products for you Ecommerce business.
For Private Label:
- Inventory Source
- Worldwide Brands
- Wholesale Central
- Dropship Direct
Here, I Do not recommend Chinese Dropshipper Websites like Aliexpress or Banggood etc, otherwise you will face too many problems after investing in it.
For Print on Demand:
Subscription Services depend on the products you are providing like Gillettevenus providing Subscription of Women Razers.
4. Pick your Ecommerce Brand Name, Tagline and Symbol.
Ecommerce business in totally depends on quality, Customer service and Branding.
And the first part is Branding
Choosing a Brand name with Domain name is very difficult because 9 out 10 times when you buy a Domain name, It may be on Sale or Sold.
So, How you will Choose Brand Name.
There are Many free platforms so, you can filter Domain name only you have to add some combinations.
And remember we don’t want to Brand name like NIKE or GUCCI.
After you brand hit it will shine like NIKE or GUCCI.
An example is MVMTWATCHES.
which is recently acquired by a corporate company in $300 Million.
I recommend CUNNINGBOT for BrainStorm for your Brand Name.
Other Sites are:
If you can have your own unique name for your Brand You also can use it.
After Choosing You have to Buy this Domain Name.
.COM must recommend.
Buy from BLUEHOST best Domain name service provider in affordable price.
After Brand Name you need a Tagline or Slogan for your Brand like
Nike : Just Do it
If you use your Brand you can create a Tagline after few hours and after Some Brainstorm.
Here are some brainstorm website List for Slogan or Tagline.
now, Its time to Make A Brand Logo or symbal for Your Ecommerce Brand.
There are two ways to make a Brand Symbal Make your OWN if you are Good in Designing otherwise I will recommend, You have to give this Task to others who is Good in Logo Designing work.
5. Create Your Online Store.
This Section May be very long and Do not skip this part because here you will learn how to set up your Ecommerce business Store Online.
Ecommerce Platforms are simply an operating system with small task and information for working in the ecommerce store.
There are too many platforms in the ecommerce business.
Ecommerce Stores are built with 3 ways:
Open Source Platforms
Custom setups Ecommece Store.
They all depend on the Budget.
If your budget is too high in between $1,00,000 to $3,00,000 and you want a fully functional store without any Third-party tools then this is an option. Buy I recommend You Shopify Plus for this.
Shopify is a SAAS Platform which is running on Liquid language which is built by Shopify for there platform.
Woocommece is best in Open source Platforms for Ecommerce Business and its setup cost is less than Shopify.
Now, How to choose the best Platform for Your Ecommece Business.
If your budget is between $700-$1000 then you will choose Woocommerce and you will get a Fully Function Premium Ecommere Store for One Year.
And If you want to Run a Classic Modern Design and Long Term Ecommerce Business then Shopify is the Best Choice for that.
Creating A Ecommerce Store is Little bit difficult if you are connect to a Online Business or Website Designing or Ecommerce Industry.
For Better ROI Hire Someone who can design Your Ecommerce Business Store. You also can CONTACT ME.
Now, I show you,
How you will design an Ecommerce Store if you don’t want to Pay other.
Wocommerce is works on Open source platform WordPress.
Woocommece is a third party saas product and its own by WordPress thats why its compatible with wordpress.
a. Buy a Domain Name.
Buy From Here if you are Haven’t Yet.
50% CONTENT IS LEFT TO WRITE IN THIS “STEP BY STEP GUIDE”. Don’t worry, I am Updating this Guide every daily, Please Visit this Page every, otherwise you miss too many things to read.