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MenuIs it worth it starting an ecommerce business now?
Because almost everything can be bought directly from China and it doesn't make sense to pay a premium just for branding when the brands are also manufacturing and shipping from China. Considering CAC is getting more expensive, are profit margins even sustainable in the long run? Plus competition from 100 other DTC stores selling the same thing
Answers
As the business environment and economy can vary drastically from one area to the next. That being said, if you're thinking of starting an ecommerce business, there are a few things to keep in mind:
1. Make sure you have a good product - If your products aren't good enough, no amount of marketing will help them sell. Make sure you're always testing and tweaking your products to make sure they're of the highest quality possible.
2. Be prepared for a long haul - Starting an ecommerce business is definitely not a quick fix - it's going to take a lot of hard work and dedication over time to see any real growth. Don't expect things to be easy from the get-go - it will take patience and perseverance on your part.
3. Get organized and stay on top of things - Running an ecommerce business requires a lot of diligence and organization - make sure you have everything under control from start to finish so that everything runs smoothly.
Whether or not starting an ecommerce business is right for you is ultimately up to you - but these tips should help get you started in the right direction!
Brother, in terms of my modest experience And the world is developing day by day. I tell you that any business will succeed if you successfully invest your time and heart in it. Money does not matter, I know people who started their projects with only few money And the project, the website, is a new and purposeful idea because it has no limits, and it has freedom and diversity of customers or browsers, as well as various services, and that will greatly increase your income, so I advise you to start your project, but with caution and slowly.
Yes! It is still a good time to get into ecommerce. The online space is still expected to grow over the next 5-10 years. One thing ti clarify is that EVERYTHING comes from overseas. From Target to Walmart, the vast majority of items are not made in america. But we all by from these places. WHY? Because of the brand. We trust these brands. They due their due diligence on product quality, have a clean store, a great return policy. This is why someone will always by from a branded ecommerce store than Ali Express. Hope that helps!
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Related Questions
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I want to start an ecommerce business that imports goods from India to sell in the U.S.. Where in the world do I start re: tax/legal implications.
TAX is US. For export paperwork (free tax delivery) is India. Use business location may in delaware for lower state taxML
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How to turn a niche seasonal business into a all year round business?
Thanks for reaching out. Do you want to meet in person? I am in San Francisco/San Mateo location. Best, SeanSP
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Why don't small business retailers have e-commerce stores on their websites? How do I show small business owners the benefits of e-commerce?
I live in Brooklyn, NY, which is a really fertile ground for small business retailers. My experience speaking with a lot of the shop owners is that they simply don't have the resources to maintain an online presence. Just keeping the brick and mortar operation running consumes most, if not all of their time, especially if the are also creating and producing their own products. For many that I do see take a shot at e-commerce retailing, they may get Shopify/Squarespace site set-up, then just run out of steam to keep it going. One innovative, in-between approach that I've seen one of my favorite shops take, is to actually focus on using a single social media channel, Instagram, and maintain an e-commerce function through it. (See @peopleof2morrow on Instagram)CR
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What's the best platform to build a e-bookstore?
I think a natural choice is large provides like Amazon. However, if you want to sell eBooks on your own and maintain all of the revenue, then WooCommerce and Easy Digital Downloads would make excellent options. Both software packages are WordPress plugins and they make it very easy to deploy an e-commerce store for digital goods. Both plugins have strong development teams behind them and they have a slew of independent freelancers who can offer assistance if needed. I've used WooCommerce myself for multiple years and we've deployed many WordPress websites that use it. It has hundreds of extensions you can add on to it for maximizing the potential.RG
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How can I make a small, profitable business on Wordpress?
It sounds like you have plenty of skills to get started now. There's no need to keep re-training in different areas when you have experience to get started today. My suggestion would be to pick a niche and try and become the go-to guy in that particular niche. Let's say, for example, you are interested in men's fashion. You have experience in creating Wordpress ecommerce sites. You could call up maybe 10-15 of the local businesses in that niche in your local city/state and offer to make their website and get them in on a set-up fee and then a monthly maintenance retainer. This approach would be lower stress (because it's something you're interested in) and also because you could create a methodical framework that you could apply to other businesses in that niche. That's just one idea. Second idea - create a course on WooCommerce development and put it on Udemy (or Coursera etc). Note down 10 of the biggest obstacles you've had to overcome when building sites for friends and family and then note down 10 of the most important considerations people should consider before people get started. Now you've got 20 video lessons for your course. Charge for the course on Udemy or use it as a marketing tool to get more b2b development work. Idea 3: Go make money on freelancer.com, peopleperhour etc. Perhaps you've tried this already? Skills like yours are in demand on those platforms. Idea 4: Take the things I noted in the second idea above, and turn it into a handbook. Sell that book via Amazon. Idea 5: Go on Tweetdeck. Create a column that searches for people who are using keywords like "Wordpress woocommerce issue" "Wordpress woocommerce help" "WordPress woocommerce problem". Give them your clairty.fm link and tell them you'd be happy to have 5 minute discussion to see if you could help them resolve their problem. Idea 6: Find 10 major theme development companies. Sign up to their help or support forums. Do a similar thing to what's noted above on Twitter and offer to have a quick call via clarity.fm to see if you could help. Idea 7: Go down the route of finding existing Wordpress/Woocommerce blogs. Write posts for them about specific WooCommerce issues, problem solving or project management tips. Do this with the aim of improving your inbound consulting gigs. Idea 8: Do the exact opposite of whatever those friends are telling you. Idea 9: With your skills you could easily start a dropshipping company. I won't go into all the details here but just start looking at sites like Clickbank or Product Hunt to get a feel for something you're interested in. Build your site and start dropshipping products. https://www.woothemes.com/2015/06/dropshipping-beginners-guide/ Wordpress consulting alone, yeah it's probably quite competitive, but that doesn't mean there aren't plenty of opportunities for revenue. I think you will be even more motivated, successful and less stressed if you pick a niche industry, product or service to focus on. Enjoy it!SC
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