![]() We’d recommend using BigCommerce for this, but you can also check out our roundup of the best ecommerce platforms to explore other options. Then, you’ll need to figure out your profit margins, put together a marketing strategy, etc.Īfter you’ve got your business plan, you’ll need to build your ecommerce storefront. You’ll need to research the market to find a profitable niche and identify products you think will sell well. The first step in starting an ecommerce store is coming up with a business plan. You don’t need to pay for physical premises or expensive shopfitting fees.Īll you have to do is choose some products to sell, find a wholesale supplier, create your website, and start selling! Your profits will depend on your margins, sales volumes, and overheads, but if you get it right, you could be making six- or even seven figures in yearly revenues. Unlike physical retail stores, there are very few startup costs when you open an ecommerce business. And the good news is, it couldn’t be easier. Now’s the perfect time to open your own ecommerce store and claim your share of those sales. The online retail industry has been growing rapidly, and US customers spent a whopping $791 billion online in 2020 alone. There’s more demand for ecommerce businesses than ever before. All these businesses have the potential to be very lucrative if you get them right. Here are our favorite small business ideas. Small business ideas for teens & children.
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