Eric Dalius Points out Some Practical Ways to Kick-Start Your E-commerce Business

As far as online sales are concerned, it is the latest craze these days and offers loads of opportunities to entrepreneurs. Did you know that there are as high as 650,000 e-commerce stores making cool bucks of over $1,000 every month? Eric Dalius knows that with little hard work or effort, you can build your online business successfully.

You can sell anything under the sun from shoelaces to gaming laptops on your online store. All you need is a rock-solid business plan, some capital, and hard work to kick-start your business. Here are some practical tips to help you:

Eric J Dalius believes in solving customer problems

When it comes to your e-commerce business or any business for that matter, the key to success or its mantra is solving a problem. When you know that, your target audience has some problems and you can sell products or services to put an end to those problems, your online business will pop. This way, you win half the battle.

Solving problems does not translate to that your company will discover something new. It is just selling a product or service that makes your customers’ lives convenient. For instance, 2BigFeet.com deals in men’s shoes from sizes 14-22. A physical store usually will have shoes that size, especially 22. So if you can think of products that are easily available at your online store, you will succeed as an entrepreneur.

Think of order completion

Both order completion and stock management are problems of e-commerce businesses. EJ Dalius asks which products you want to store, how you would store, what shipping services to opt for, and how much you will charge as shipping fees.

Therefore, you need to complete orders to please online shoppers. If a customer’s product is delivered on time with proper packaging, that buyer will order from your e-commerce website again in the future. However, late orders or tampered product packaging will ruin repeat business.

You must plan for order fulfillment before launching your online store so that you have a strong footing.

Source products

It is not a very good idea to source products through a wholesale or dropshipping service. Such companies will provide easy access to the items but it will become challenging to distinguish your business or brand and make profits. Rely on supply chain relationships instead.

You buy products directly from brands. For instance, if you want to sell Lee denim, buy from them directly. Again, if you want to sell Hugo Boss men’s perfumes online, buy them from the brand. It is possible and practical. You will need to fulfill the minimum order requirement though.

You can also purchase from distributors or manufacture your products. For example, if you want to sell lawn furniture, build your stock in your workshop. There are loads of products that you can manufacture on your own such as e-books, wall hangings, software, and more.

Conclusion

These are some of the practical tips to help you start your e-commerce business. It is not easy because starting your online store takes time, effort, and some capital to fund the business. Then, if you are passionate, you can achieve your goals.

John is a Business Tech Analyst. He is very responsible towards his job. He loves to share his knowledge and experience with his friends and colleagues.