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6 Key Considerations before starting an Ecommerce Online Store

<br>The following factors are to be considered when you start an online store and select an appropriate eCommerce solution.

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6 Key Considerations before starting an Ecommerce Online Store

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  1. 6KeyConsiderationsbefore startinganEcommerce OnlineStore

  2. According to recent research, 75% of consumers do online shopping atleast once a month. In another study, it was observed that 63% of shopping journeys start online. These statistics suggest that starting an eCommerce business is a lucrative venture. However, before you start your online store, you need to identify your business requirements. The following are the factors that have to be taken into account before you select an appropriate eCommerce solution.

  3. How are you planning to Build and Host your Site? Don't want to deal with the technicalities of starting your eCommerce business? Want to launch your online store quickly? Well, then pick a fully hosted eCommerce solution in which your online store runs on a third-party server. You don't have to deal with the headaches of server maintenance or upgrades. With a hosted solution, you get the flexibility to run your eCommerce business from anywhere as long as your device has a reliable Internet connection. On the other hand, if you choose a self-hosted solution or open- source platform, starting an online store can be a pretty lengthy process. From server setup to maintenance, you are fully responsible for managing your online business. How many products do you want to Sell Online? How big is your inventory? Are you planning to sell large quantities of stock on your eCommerce store? These things have to be taken into consideration before choosing an eCommerce solution. There are eCommerce platforms that are not designed to support large quantities of stock items or that put limits on the number of products you can sell on your eCommerce online store. Using such platforms can prevent your business from growing.

  4. What Type of Products you can Sell Online? Will you be selling physical or digital products? Some eCommerce solutions lack capabilities to sell digital products like PDF guides, music, podcasts, eBooks, videos, and online courses. They are designed only for physical products. To sell these downloadable products, an eCommerce platform must be equipped with digital marketing tools. Is your Ecommerce Platform Scalable? Scalability is a very important factor that you need to consider before finalizing an eCommerce solution. It is a critical aspect of online stores. Say, you decide to start an online ink toner cartridges store. Now initially your customer base will be small. As a result, you will face no issues in managing your small number of customers. However, as your business grows and the customer base increases, you will have a hard time running your store if your platform is not scalable. For instance, you will frequently experience issues like website crash at peak times. Slow loading time is another common issue that can increase the bounce rate and will affect your sales.

  5. Win Deals with More Number of Companies On the other hand, when you build online store on a scalable platform, it can easily handle a surge in traffic without crashing. A scalable website will expand as your business grows. You can add new functionality, include thousands of web pages without any problem. How will you Handle your Customer Payments? How do you plan to accept payments from your online consumers? For easy online payments, you need to connect your Easy to Win Deals eCommerce store with a third-party payment processor and gateway like PayPal. This will allow your consumers to make payments online via credit or debit card. Does it Support Integration? Honestly speaking, you need to avoid eCommerce platforms lacking in integration capabilities. Managing disparate systems is a nightmare that can take your business down the drain. Too much of manual work is involved in keeping disparate systems up-to- date. You might be already using various software applications like QuickBooks and CRM to manage your offline business. The eCommerce platform you choose should easily integrate with these software applications.

  6. Win Deals with More Number of Companies This will help you to automate workflows, streamline processes, thereby allowing you to focus on sales. So when you decide to sell products online, make sure your eCommerce solution comes with robust integration capabilities. Easy to Win Deals

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