Today people are more likely to shop online rather than going from store to store and it is convenient for both consumer and the business house too. So, it is definitely a good idea to have your business taken online for visible growth. Starting an e-commerce business take many steps and decisions that need to come together at the right time. So, if you are planning to start an eCommerce business and make your business available online we have created a checklist that can help you out.
Name Your Business And Secure A Domain Name And Your Website
So the first step starts with naming your business you need to have a very catchy and relevant name for your business. So once you are done with naming your business you will need to have a domain name with your business name. If the domain name you have thought off is not available which might be common due to increase in a number of domain names globally you need to make sure to choose an easy to publicize and spell names.
So now the times comes for the website you need to make sure that your website not only becomes visually appealing but easy to operate and fully functional.
Register Your Business With Proper business structure
So there are mainly 4 types of business structure you can choose from namely Sole Proprietor, LLC (Limited Liability Company), Partnership and the last one is Corporation. All the structure have different rules and regulations so you need to choose them wisely as per your business needs.
So once you are ok with your business structure your next phase starts with registering your business which can be done by oneself by filling out the appropriate business structure paperwork from the IRS or you can get it done by hiring a business filing company.
Get Your EIN (Employee Identification Number)
Now that your business is registered all you need to have is EIN so that you become eligible to open a business bank account and file your business taxes. It is more likely your social security number the number you get will be unique and helps to identify your business file important paperwork.
Get A Business License And Permits
Online business is similar to other business and you ought to have certain business license and permits for operating your business too. So you need to confirm your country, city and states to see what sort of sales tax licenses or another license you need to obtain and get approval before you start your operation.
Finding the Right Vendors
So you will have lots of competition while selling your products online since there is numerous online store who do the same as you are willing too. So you need to find the right vendors those who can provide you quality and best prices and willing to have a business with you for long period of time.
Start Your Business Marketing Early
There is no any compulsion for your business to be up and running just to start your business marketing. And it’s a good idea to start your marketing process as early as possible for this you can set up social profiles and start writing content for your blog. So this act can definitely boost up your existence and people will be pre-informed about your business.
Choose The Right Software
Since we have the technology for everything today it makes our work much easier, so in the verge of e-Commerce business commencement you can start along with various software that can handle customer relation, project management, accounting, email marketing and so on.
Plan Your Inventory
There might be a time when you may have your warehouse full of products and it’s better to have too much inventory in stock rather than not enough. So you need to pay attention and be smart enough so make future orders meets the consumer’s demand.
So, If you are planning to take your business online or planning to start an e-commerce business the above checklist can help you and if you are still unsure and want assistance in starting the one you can contact us. I can help you start up as well as manage your existing e-commerce business.