subject: Set Up Ecommerce-5 Basic Priorities To Get Started [print this page] There are 5 basic components to setting up ecommerce right. Find out what you must do first.Okay so the best place to start is with this cool product that you want to sell online right? Maybe not! A unique sounding idea may not turn out to be profitable. Often people who want to start an ecommerce business think that they can just take an appealing idea, set up a website, and make sales. In the early days of the Internet it was possible but not anymore. Actually one of the easiest ways to find out if your idea is a good one is to go see if anyone else is selling it. If there is already healthy competition that's a great sign. It's much better to start with an idea that already has a market. The last thing you want to do is try to develop a market online that doesn't already exist .Set Up the Business PlanSecondly it's important to decide on how to market your idea. Does it need a website? Or how about starting a list where new offers can be e-mailed to customers on an ongoing basis? There are several types of websites, which should you build? Should it be a static HTML website or a blog? These 5 are really just some of the basic priorities needed to plan out how to sell products online. Most people who are new to Internet Marketing tend to get swallowed whole in all the information online. It's called information overload.Choose The Type of BusinessNext, after having decided how to market it would be smart to structure your business in such a way that maximizes protection and financial benefits. Take taxes into consideration, how much you will need to pay and when. In addition if somebody wants to get legal with you having appropriate protection is a must. Consulting with an attorney for advice is a highly recommended strategy. Think about incorporating or going with a limited liability company(LLC). Being wise in advance always pays high dividends.Open Up a Checking AccountIt really isn't a good idea to use a personal checking account with any business. Everyone, no matter what the type of business would benefit from having a business checking account. Don't co-mingle your personal and business funds. However getting a business bank account is easy to set up. All that's needed is to find a good bank and provide the identification required. This will usually be your social security number or EIN, starting funds to set up the account, and business license with at least two forms of major identification including a photo ID. If it's a corporation then the articles of incorporation should be included.Pick a Good Domain NameIf you're going to set up a website one of the most important priorities is choosing the right domain name. Using general sounding domain names for very large sites is okay. For example: golfing.com. However if it's a tightly focused niche inside a larger, heavily trafficked market then going with something like leathergolfshoesforwomen.com is necessary. At a minimum you'll need to know how to choose the right keyword based on the number of searches and how much competition there is for that keyword .This is a science all unto itself!
Set Up Ecommerce-5 Basic Priorities To Get Started
By: John Woods
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