If you are planning to build an E-commerce store in 2020 from scratch then you are at the right place! This will give you a roadmap to build a fully functional online selling business. We go step-by-step through the whole process to start a business and make everything as simple as possible.
Step 1: Decide Business Model
The first important thing that needs to perform in E-commerce Application Development is to narrow down on the perfect business plan and business model. There are two types of business models that can opt for. You can perform with either a single vendor or a multi-vendor E-commerce store. To this end, you can select either a single product line or have different product lines depending on the budget you have set for yourself for your online business.
Step 2: Brand your Brand
Once you’ve planned on which business model you like to follow in order to build your E-commerce business and have narrowed down products you wish to sell, the next step is to come up with the perfect brand name.
Your brand name should be:
- Short and crisp to remember
- Reflect your brand
- Unique and usually not have another meaning
Step 3: Build your E-commerce Website
While setting up website, you can opts a pre-built platform or make it from scratch. Both have distinct benefits, though building a website from scratch is usually the more favored option.
Building a Website from Scratch:
Many people prefer the custom-made platform option, since you can design your whole website in the similar manner like you have in mind. WooCommerce, Magento, and Shopify are some of the favored options for those planning to build websites for their E-commerce business.
You have to keep in mind that it is your website representing your whole brand. Hence, no amount of detail is too less from the color to the font and images. Everything element tell a small part of the story to your brand. Make sure E-commerce Development Services you are consulting have resources to build engaging websites.
Step 4: Payment Gateways
You need to integrate payment gateways for your online business to become profitable, this will allow the credit cards, debit cards, net banking, and cash card transactions processing. In order to integrate a payment gateway for your E-commerce business, you need to submit the following documents:
- PAN card of the business
- Bank account in the name of the business
- Memorandum of Association
- Certificate of Incorporation
- Articles of Association
- Identity Proof
- Address Proof
- Website Terms of Use
- Website Privacy Policy
Once you submit all these documents, you will be offered a payment gateway for your online business. Some of the popular payment gateways include PayPal, PayU and RazorPay.
Step 5: Logistics
This step is important to carry out a successful E-commerce business. Logistics refers to a method of shipping an order to a customer or transporting an inventory to a merchant. This process also keeps track of the shipped goods which are in shipment, until they are delivered to the customer.
To this end, logistics management includes locating and identifying distributor companies, to collaborate with. Several E-commerce business owners prefer to outsource their logistics to a third-party company working in transport and storage.
Wrapping Up:
Building your own E-commerce business is an exciting task as well as challenging. At a rapid pace you’ll learn a ton about selecting a product, evaluating its viability, finding out how to get it produced, building an online store, and marketing and selling. The method can feel like complex if proper E-commerce support is not available from a reputed development company. We hope following steps provide you with a clearer roadmap. As always, the best method anyone can give is to just get started, and to enjoy the complete process.
