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Know the ways to develop an online store

Change is the spice of life

In ancient times when men use to exchange goods/services needs with each other, converted to buying after the discovery of currency, resulting in the development of markets, street markets, departmental stores, wholesale markets, shopping malls & now online stores.



It was a long journey of developments over decades, but the growth of online stores is remarkable within a short span of time due to the internet, online payments methods

E-Commerce stores Revenue in India ( source: Google)

Rise the sales year after year

This graph clearly indicates the success story of online stores & it's expected by 2021 it will of 100 Billion USD with a growth rate of approximately 25% while globally its growth rate is 8-10%.

The main players are

AMAZON   


Amazon was founded by Jeff Bezos on July 5- 1994 as an online book store, later diversified to video, electronics &thousands of products, its revenue in 2018 in India IS 7.5 Billion USD

Flipkart

                                   

Flipkart is giving close competition to Amazon was founded by Sachin Bansal & Binny Bansal formally worked for Amazon in 2007 based in Bengaluru, India
Flipkart initially focussed on books sales expanding into other categories like electronics, fashion & lifestyle products, it is the leading company in apparel after acquiring Myntra & Jabong.com  

Myntra & Jabong both are Indian companies based in Bangalu & Gurugram respectively. Myntra was acquired by Flipkart for 280 million USD & in Aug 2018 Walmart takeover a 77% share of  Flipkart for 16 billion USD valuing it at 22 billion USD.Snapdeal

Snapdeal is one of the three top online stores based in New Delhi, India established in Feb 2010 by Kunal Bahl & Rohit Bansal with investors  like SoftBank Corp., Alibaba & few more

Paytm Mall, Tata Cliq, Big Basket, Shopclues, Pepperfry, Firstcry, & a few others are emerging in online business with a bang.


 DISCOUNT & CASHBACK


Get discounts & cashback from Rakuten(previously Ebates) buying on your favourite store click the above link, and Enjoy shopping 



Looking at the above scenario you might be thinking to open your own store which is as easy as having a cup of coffee but I will advise it require a lot of patience & effort. 


HOW TO DEVELOP AN ONLINE STORE 

You can develop an online store in three ways
1 Using e-commerce software.
2 Create your own online store.
3 Hiring someone to create your online store.

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1 E-commerce software

Shopify is an established e-commerce software, simple to create an online store. Over one million businesses in 175 countries have created their online store on Shopify. You can also start with just a few steps. 

SHOPIFY
You can start with 14 days trial on Shopify.

1 Sign up 

2 Choose your store with a catchy name.

3 Answer a few questions

4 Enter your business address.

5 Select a plan starting from $29/month to $299/month
You can also buy a button to sell on Facebook at $9/month 

6 Choose the template or theme, you don't need to design skill
Customize the colour, layout, and content(including the pic of the products you want to sell & description)

Your online store is ready. Rest all regarding payment, and marketing(setup is to be done by you) Shopify will take care. 

Set some discount structure if you want. 

You can also analyse day-to-day sales & transactions.  

The app plays an important role in online business, you can find more than 2500 apps free or paid to manage your store & drive sales.

Similarly, you can develop an online store on Big-commerce, Woocommerce (with free & paid extensions)& few more websites also offer to make an online store. 

I would like to make it clear that making an online store is easy but establishing itself in the market require lots of patience, effort &
investment of time & money.  Shopify has also some restrictions. 

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2 Create your own online store

You can create your website in many different ways depending on your budget, your plans etc.

Here I'm suggesting to you the best way to create your own website/online store.

a) SBI

Solo Build It!

As a solo entrepreneur, I understand it's very difficult to get the exactly experienced staff to do some work.

Creating a website is easier. The difficult part is:- 
a) Perfect research and planning
b) Creating a high-converting post for promotion on social media
c) Getting viewers for your website and connecting with them.
d) Increase traffic on your site.
e) To start making money from your website.

To achieve success online, we require a lot of other tools and training provided by Solo Build It (SBI).

SBI has included everything you need to develop your website starting from step by step process explained to you via videos and an action guide...

SBI provide all the required tools to grow a profitable business.

Software is always up to date with no need to install, add are free and automatic.


24/7 support assistance to build your business. The like-minded solopreneur Community forum is also very helpful.

Beautiful templates for an eye-catchy website.

Above all the proper training and guidance is the added advantage to creating your website at SBI.

Buy 1 get 1 free Holiday offer



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b) Amazon

You can also sell your products online on Amazon by becoming an Amazon seller.

Read More  AMAZON: INCOME HUB   

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c) Google my business 

At Google my business you can create your website without any expenses. It also provides free the facility to develop your online website, you can place your product photo with a description but you have to manage payment, shipping & marketing by yourself. 

Read here for step-by-step information of

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d) Create a website

A website can also be a platform to sell products online, you can make it free as well by buying hosting & domain.

Hosting is just like the premises of your physical store for which you are paying rent & Domain name is the online address of your website.  

I'm not going into detail here, you can know more on my following blog pages.

3 Simple Steps to Create a business website


Here too you have to manage shipping, payment & marketing on your own.

You can also add the Woo-commerce plugin to your WordPress website.    

Shipping: ups.com, shipafrieght.com, and maersk.com can provide you shipping solutions.
 
Payment: Paypal, and Skrill, can manage payment worldwide. you can give the option by bank transfer or payment apps like Google Pay, Paytm & other similar apps. You can also provide an option for credit/debit cards. 

Marketing: This is the most enjoyable as well as the toughest part of establishing your business online. 

For marketing, you have to do a lot of research, planning to generate traffic to your website whether it's paid like Shopify or free. The best option is to read more, know more & take action. 

The marketing concept is wide including email marketing, social media marketing, affiliate marketing, and digital marketing for managing you require the appropriate tools.

Ecommerce Marketing Automation Website Builder 

Few of my blogs for you as  ready references

HOW TO GENERATE TRAFFIC TO THE BLOG

AFFILIATE MARKETING TOOLS TO GENERATE TRAFFIC

SOCIAL MEDIA MARKETING 

OUTBOUND/INBOUND MARKETING


For hosting & domain, you may choose from the following, I suggest Milesweb which provides hosting with a free lifetime domain for just 40 Rs/mo or $1/mo. 






GlobeHost

Hostgator

Three-for-one hosting unlimited package

Hostinger 


know more about Hosting & Domains in a 


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e) WEBSITE.COM

You can also make an online store/website on website.com within just three steps with stunning design, and flexible products option and 1 click PayPal integration to secure your payment from a credit/debit card globally.

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3 HIRE A WEBSITE DEVELOPER

Many freelancer website developers are offering the development of your website at a nominal price you may contact freelancing sites like People per Hour, Upwork, Freelancer & or Fiverr.   


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FINAL THOUGHT
To develop & run a physical store is more costly as compared to building an online store & less recurring expenses but in a physical store, you can expect from day one on the contrary in an online store you may have to wait maybe for a year to get your first sale.

In a physical store, you have to put in physical as well as mental efforts while in an online store, you have to present only mentally.

A physical store has a limitation of location, on the other hand, an online store can be developed globally hence more revenue.

Analyse the pros & cons of taking a wise decision.   

Enjoy Earning & Buying Online

Discloser: 

This site contains affiliate links by which I may earn a cup of tea

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