According to recent publications, consumers spent more than $100 billion online at U.S. based e-commerce sites last year, which does not include online auction sites, travel spending, or corporate purchases. That’s a significant increase over last year – more than 20%. There has never been a better time to be on the receiving end of that spending pattern, and the market keeps improving.
Many people start an e-commerce site as their primary business. If you have a brick and mortar store where you sell products or simply operate a business from home, starting an e-commerce site can provide an additional sales channel for you.
Creating a Web site for the purpose of selling products or services online entails a large amount of research and planning. When you start an online business, forgetting one simple step can make the difference between success and failure.
Here are 8 steps to help you get started:
1. Create a business and marketing plan. Schedule a time to meet with your business partners or team members. Brainstorm together and lay out all of your plans in one document. This plan should incorporate all startup and recurring costs. Set up an overall expense budget and sales forecast. Read the rest of this entry »
