Make money with online shop - Create and run online shop no doubt is one of the best monetization options to earn decent income for long term.
Before you start the project, there’re certain factors you need to evaluate and take actions.
Online shop provides electronic commerce transactions which allow consumers to directly buy goods or services over the Internet using a web browser.
Alternative names are:
Mobile commerce or m-commerce, describes purchasing from an online retailer's mobile optimized online site or app.
Customers are attracted to online shopping not only because of high levels of convenience, but also because of broader selections, competitive pricing, and greater access to information.
As for you, make money with online shop is much lower cost as to create an e-shop compared to bricks and mortar business, it’s easy to operates and maintains.
You can even run by yourself without hiring any employee, the prices of your products can be very competitive and attractive.
is no doubt a low starting cost and viable business model for you to consider,
even if you don’t have any experience, you still can make money with online shop.
Your customers must have access to the Internet and a valid method of payment in order to complete a transaction.
Your advantage is the unlimited sources of potential customers from all over the world, and increasing significantly every now and then.
Generally, higher levels of education and personal income tend to more favorable shopping online.
Increased exposure to technology also increases the probability of developing favorable attitudes towards this shopping channel.
This is the crucial factor to make money with online shop, you may make a research for the latest trending or hot selling products within your niche, or products that you’re familiar, interested in promoting.
Within your niche, and topics of your webpages, carefully select quality products which match your website’s presentation, to fulfill the needs of your target customers, and solve their problems.
If you don’t have website or blog yet, you may now consider to create one.
You may create your own product if possible, or outsourcing reliable suppliers to fulfill your inventory.
You may consider Drop Shipping to avoid excessive labor works, and focus on sales funnels.
Online shop commonly provides Credit Card or PayPal processing system in order to make payments. However, you may also implement some systems enable customer to create account and pay by alternative means, such as:
Once a payment has been accepted, the goods or services can be delivered in the following ways.
Shipping -The product is shipped to a customer-designated address. Retail package delivery is typically done by the public postal system or a courier service such as FedEx, UPS, DHL, or TNT.
Drop shipping - The order is passed to the manufacturer or third-party distributor, who then ships the item directly to the consumer, bypassing the retailer's physical location to save time, money, and space.
In-store pick-up - The customer may select self-pick up, using locator software and picks up the delivered product at the selected location, or at your office if applicable.
Downloading - The method often used for digital media products such as software, music, movies, or images.
Shopping cart software comes in two common solutions:
Hosted Carts - Your online shop is hosted by the shopping cart provider on its own servers for a monthly or annual fee. If matching your site's design and your store's look & feel is important, look for the ability to customize the store.
Licensed Software - You obtain a license to use specific shopping cart software outright. Some software requires payment, some is free. But either way, you'll need to obtain hosting for the cart. This is more technically demanding but gives you much greater scope to customize.
Other solutions – If you register and create online shop on a model that hosts multiple shops simultaneously from one back office, it’s included in the service package.
Normally, when you create online shop, your host provides multiple pre-design templates for you to choose, you can customize to suit your desire theme and needs to match your website’s presentation, to attract more customers.
The most important factors determining whether customers return to your web-store are professional look and feel, great information of products, and the presence of user-friendly features.
Customer needs and expectations are various and different. Age, gender, experience and culture are all important factors.
Your online shop is running 24 hours a day, so that your customers can visit anytime at their convenience.
A successful online shop is not just a good-looking website with dynamic technical features and transactions. In addition to deliver information, it is also about building a relationship with customers by sincerity.
You should respond to e-mails in a timely manner, notifying customers of problems, product’s query, or shipping information.
In the event of a problem with the item, for example:
Your customers are concerned with the ease of returning an item in exchange for either the correct product or a refund.
must settle the problems as soon as possible, and to maintain customers
satisfaction, in order to make money with online shop in the long run.
Your online shop must describe products for sale with text, photos, and multimedia files, you may also provide or link to supplemental product information, such as:
All these info can help consumers decide which product to buy.
You may custom design to allow customers to comment or rate their items after purchased, this is an important factor.
The more positive rate for your e-shop, and the more trustworthy you are, especially for new customer.
Your online shop should provide newsletter for your customer to subscribe, with these expanding email list, you can promote offer items to your customers for 2nd and 3rd purchase.
You may also keep track of your customers shopping habits in order to suggest, and offer items which matching their interest.
Privacy of personal information is a significant issue for some consumers.
Many consumers wish to avoid spam and telemarketing which could result from supplying contact information to an online merchant.
In response, you should highlight not to use consumer information for these purposes.
Traffic – No doubt this is the crucial factor to run your e-shop, your main job is to drive traffic to your online shop to get sales you desire.
If your have a website, promote your e-shop with articles and link to your shop.
Create social media business pages to expose and promote your shop.
Create and run paid ads campaign such as Facebook Ads to drive traffic to your shop.
Posting ads in online classified sites, free or paid, to drive traffic.
Create account on Craiglist to advertise and join the community to promote your business.
So, make money with online shop is obviously a great choice for you to earn lucrative income in the long run.
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