Know How To Sell Products Online
Wednesday | November 16th, 2022 |8 Min Read
By Jasmeet Kaur Wilku
We are living in a world of eCommerce: Selling items and services through the internet that provides several opportunities for businesses worldwide. A quick glance at eCommerce statistics reveals consistent growth with no signs of slowing down. Selling online may be incredibly beneficial if you want to establish a business. It can also give a way to success without the risks involved in buying property and running a physical store.
Of course, opening an online store includes a number of processes. You must decide on an industry, a company name, and the sort of people you wish to target. Because your shop is online, you'll need to select a good domain name for your website and organise other specifics like- which delivery service to employ. This may appear daunting at first, but just follow our guide and the procedure will be much more manageable.
We've broken down the whole process of launching a business and creating an online store into 6 parts, along with extra instructions and resources. So, read on!
6 Steps On How To Sell Your Products Online
1. Choosing Products to Sell
The best way to make this decision is to start broad and narrow down to a niche. Choosing a smaller niche makes it easier to dominate in certain areas and limits competition.
For example, a new kitchen supply store initially faced stiff competition from large, established brands selling all kinds of kitchenware, and the store owner wanted to establish the new brand as an authority by offering a wide variety of products. requires extensive expertise. Limiting him to one product type, like a coffee maker, allows him to invest his time, energy, and money in a narrower area, leading to stronger results. It's much easier to position your brand as a global expert in coffee machines than it is in general kitchen products.
2. Choose the right domain name
A domain name, also known as a URL, is the online address that customers enter into their browsers to access a website. Choose a domain that reflects your business while avoiding concerns such as using a business name that is already in use or does not operate as a domain name.
Domain names should be short, simple, and easy to remember. If your company name does not include keywords relating to the things you provide, try adding them to your domain name for SEO (Search Engine Optimization).
3. Building an Online Store
The design of your website is a complicated yet crucial component of opening your online business. The improper design or template might alienate or distract your customers, resulting in lower sales and limited shop growth.
When designing, focus on what's your company's style, and what features your company has that are worth showing, for example, have an 'about us' page, etc.
4. Payment Option
It is vital that you have developed a varied collection of online payment choices for your potential clients before establishing your online business. The accessible payment options you have at the point of sale (POS) can impact the size of your client base and save you time in the future.
Have multiple payment options like UPI, Apple Pay, Google Pay, Amazon Pay, and major credit cards.
5. Choose Your Shipping Method
Because 56% of consumers will not buy from a store after an unsatisfactory delivery experience, an effective e-commerce shipping strategy is vital.
Moreover, a delivery policy establishes appropriate expectations among new clients. It must clarify the pricing, terms, and any limits of your delivery in detail.
6. Online Store Promotion and Marketing
The best form of marketing is a multifaceted approach that includes social media, email newsletters, search engine optimization, and paid advertising.
Employ options like social media (the platform that matches your niche), influencer marketing (this method is gaining effectiveness), and paid advertising (this fetches you faster traction).
You may sell on marketplaces like Amazon, social networking networks like Facebook, or your own online store. You can sell through different channels while managing your business from a single location.
Facebook and Amazon are always changing, so don't just rely on setting up your product page in the marketplace.
The basic setup procedure remains consistent. You must choose an e-commerce platform that is "fit for purpose," build your product catalogue, change the design and other variables, and then ramp up brand awareness.
Frequently Asked Questions
1. Facebook Marketplace. 2. Amazon. 3. Meesho. 4. Udaan.
Best to sell anything for free: Facebook Marketplace Best for selling handmade and vintage items: Etsy Best for selling anything you don't use: OLX Great for selling specialty products: eBay.
There is absolutely no cost to creating a personal seller account with Amazon. All you need is to provide Amazon with a little information. List your products on Amazon for free.
Definitely! If you want to sell unwanted items around your home or turn them into a legitimate business, many sellers are successful in eBay.
50-30-10 RULE: Goods like new must be sold at 50% of retail price. Infrequently used items are in 25-30% of retail. Used items are 10% of the retail price.
All businesses, whether online or in physical stores, require a business license. Businesses must apply for a business license so that the government can track businesses operating in the area and tax revenues.
If you have any inquiries or require more details, please get in touch with us at email@example.com