24 Dec 5 Questions Before Starting an E-commerce Website
Starting up an e-commerce business is definitely a tricky thing to do.
It is a task that you can take up only once you are completely sure that you are prepared for this step, and once you have a bulletproof strategy.
There are lots of mistakes that amateurs tend to make when it comes to creating their e-commerce website, but all of them come down to just one thing – they are not prepared enough!
You would surely like to avoid going through such stages when it comes to your new e-commerce business, and we are here to help you out, for ecample, have You read this post about 10 ways to succeed as an ecommerce business owner? It’ s a must-have!
And in order to help you make both your business and your e-commerce website flourish, we’ve prepared a list of questions that will need answering as soon as now! Remember, you are not ready to start up an e-commerce website if you cannot answer each and every one of these questions in a blink of an eye. So, let’s get out thinking hats on and get ready to do some business!
1. How are you going to market your e-commerce website?1
You have to understand that having an engaging, aesthetically pleasing, and user-friendly e-commerce website is of extreme importance – once people are talking about it! If it is the other way around, the chances are that your business is destined to fail.
Again, what use is an awesome e-commerce website if there is no one to see it? So, before you start answering any of the other questions on this list, you have to seriously consider your marketing strategy.
Luckily for you, you do not have to be a digital marketing expert to get your e-commerce website to the top, you can hire a digital marketing agency to do this work for you while you focus on other important aspects of your business.
Essentially, you do not have to come up with a mind-blowing marketing strategy off the top of your head, you can hire someone to do it for you. However, if you fail to do either one of the two, your e-commerce website will be doomed from the get-go.
2. How will you host your e-commerce website?
One thing is certain – it is important to pay attention to choosing the best WordPress hosting provider for your e-commerce website. Another question that needs answering straight away is – will you go for dedicated hosting or shared hosting?
If you are still uncertain about what each of these means, let’s make it simple. Dedicated hosting means that you will get your own server all to yourself. It gives you full control from your control panel dashboard settings to the machine-level configurations.
On the other hand, if you decide to go for shared hosting, you will be sharing the server with other websites and your server space will be limited, but it is cheaper than dedicated hosting.
3. How will you handle your inventory?
The answer to this question depends on what type of an online store you are running. If you are an owner of a brick and click store, you will need a space where you will keep your products until they are sold and you yourself will need to keep track of your inventory (or you could hire someone to do it, of course).
On the other hand, if you are simply selling your products online and you do not have a physical store, things will be that much easier when it comes to managing your inventory. However, you still have to be at the top of your game and have a plan for managing your e-commerce website’s inventory!
4. How much do you expect to sell?
Before you spend a fortune on getting the inventory for your e-commerce website in the first place, you will need to have a business plan and understand how big is the demand for your products. Once you put your finger on how much you expect to sell, you will know just how much you should invest – it’s simple as that!
5. How will you handle the payment processing?
There are lots of ways your customers can pay for your products – credit cards, PayPal, sometimes even BitCoin, but which one will you go for? You need to consider several other things as well, such as the plugins and extensions you may need in order to support whichever payment option you decide to go for, or how this payment option will impact your e-commerce website?
As you can see, you can never be too careful or too prepared when it comes to running an e-commerce website, so make sure to get everything right before you get into the e-commerce world just yet! Once your business plan and strategy are all set up, you will see that they are the most important aspects of your business, to begin with – so play it smart!
Sam Hoffman is a business and marketing consultant with wldm.io who helps digital businesses reach their exact audience. Sam is passionate about optimization and analytics. His current focus is helping decision-makers design their perfect business tools. He frequently writes about the latest advancements in the digital marketing industry.