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How to Start a Successful Online Store?
Thinking of starting your own online store but would like some advice? Check out our tips to hack your way to greater success.
Table of Contents
1. Pick the right platform for your online store
If you are selling to buyers from US or Europe, eBay, Etsy and Amazon may be your best bet. Etsy is a well-known platform for handcrafted products. eBay and Amazon are suitable for more generic products categories.
Yahoo Auction for Hong Kong and Taobao are good sources if you want to sell to China. In South East Asia regions, you don’t want to miss Shopee and Lazada.
Different platforms and regions will have different requirement for sellers. For instance, some platforms might require sellers to have domestic warehouse and bank account. Therefore, it’s critical to learn the online store requirements to reduce obstacles when you start.
2. Register a domain name for your online store
So you’ve thought of a great name for your store but did you check if you can get a web domain for it? Remember that you may have to promote your store from your own website and maybe even host your own store in the future. Registering for a domain now can save you from a lot of headache down the line. GoDaddy is the world’s largest and trusted domain registrar that empowers people like you with creative ideas to succeed online.
3. Get your friends to spread the word (Word-Of-Mouth Marketing)
Now don’t go spamming your friends incessantly about your new online store (unless you don’t mind them unfriending you…) but a shout out to see if they can help spread the word might make a big difference if you have a large network of friends.
4. Stock smartly with flexible options
It can be hard to manage your stock at the best of times but for the early days of an online store where quick response and fast delivery is vital for your credibility, you would want to have some flexibility in your storage space. Using a self-storage company (like Cube!) would be an easy and simple way to store your stock and allow you to upsize or downsize as you get a better idea of how much stock you need and for when you need more space temporarily for seasonal items.
5. Ensure expedient order fulfillment
As your customers may order online from you at all sorts of hours, being able to sort out and ready their orders for courier pickup at your convenience can help make sure that their orders are not delayed. If this is your side business and you have a full time job, access to your storage out of normal business hours is a must!
Hope you found something useful in these tips. If you need help with warehouse solution for your business, please contact Cube team for FREE consultant and on-site survey.
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If you only store a few items, choose Cube Mini Storage which can make your storing easy whether half locker, Cube Mini box storage, or luggage storage.
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