TOP 5 TIPS FOR STARTING A BUSINESS ONLINE

July 11, 2017

TOP 5 TIPS FOR STARTING A BUSINESS ONLINE  

#1 Sourcing

Getting the right product is the key to your online success. Spend time finding the best source for your product. There are online tools like Jungle Scout and Shelf trend that can help you find popular products and monitor sales trends. Generally, we assume most products will be sourced from China but I have also seen many businesses source from online auctions like bidonthis . In addition to this I have worked with several UK manufacturing brands such as Mani and Tear Care.

#2 Marketplace Strategies

In the last few years Marketplaces like Amazon and eBay have taken a huge jump in popularity and early adopters have clearly got an advantage. I started working on Amazon and eBay in 2009 and any business not taking advantage of these platforms are losing out. I have worked with sellers with a monthly turnover from 9K to 500K just on Amazon. So, there is very good potential of increasing sales very rapidly on these platforms due to high volumes of traffic, trust from the consumer and quick checkout.

#3 Customer Support

Once the sales process kicks off, customer support helps you to establish your brand reputation and referrals. Providing prompt answers to customer queries, after sales support and resolving any issues are the key to your brand success. It is also the way you can differentiate your product from competitors. Take Amazon as an example, their no fuss returns have helped them gain more loyal customers.

#4 Stay connected with Online Sellers

Selling online can be a very lonely business at times. It can be difficult to get new ideas and finding resources online is good but not always the best. So, stay connected with Online Seller group across the country. Checkout your local < events here > , these are free but they add value to your business.

#5 Seamless Systems

As your business grows, you will need a fully functioning multichannel system to manage your inventory and orders. This keeps your operation in order and speeds up your product listing process, ordering process and customer support. Getting a cloud based system like Plentymarkets can help. It is cost effective when you start and can help you scale up your marketplace nationally and internationally.

Have any Questions? Meet our Amazon & eBay Consultant at the London  Road show. Book your 20 mins free consultation on 25th September London event.

DaytodayeBay can help online sellers sell efficiently. We have helped many individuals and businesses start selling online or grow their business online by problem solving and optimisation. Whether you are starting to sell online or have already started and would like to grow your business on Amazon & eBay.

Written by
Prabhat Shah, Founder of DaytodayeBay
July 11, 2017

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