How to start an online store for free: Bring your business online and start selling with ease. With features geared towards growing your sales, Instamojo has everything you need to build, manage, and grow your online business.
Steps: How to start an online store for free
Step 1: Decide on your niche online
This basically means what you’re going to sell and who you’re selling it to. Some first-time entrepreneurs don’t put a great deal of thought into their niche.
Your niche impacts a lot of things, including:
- Firstly, Your sales figures
- secondly, How much effort you’ll have to put into customer support
- Thirdly, Whether or not you’ll have repeat customers
This is why it’s important to take some time to think of a niche that is strategic. Need help deciding? Check out these 10 foolproof strategies for choosing an e-commerce niche.
Your niche is broken into parts: price, audience, market opportunity.
At the most basic level, we all understand this concept:
if you sell cheaper items, more people are likely to purchase, but your Average Order Value (AOV) will be smaller.
If you sell more expensive items, less people are likely to purchase, but your AOV will be larger.
Okay, so where do I draw the line? Is there a minimum price to keep in mind?
While there’s no hard and fast rule, try to price your items at $100 or above.
Here’s the rationale behind it:
Later, accounting for operations, warehousing, and marketing costs, most ecommerce store owners end up with a 20-30% profit margin.
Let’s say you’re earning 20% on all the products you sell.
If you’re selling a $20 item, you’re only making $4 on that sale, where if you’re selling a $100 item, you’re making $20.
Think of it this way:
The amount of time and energy you spend on processing and fulfilling your order is the same regardless of whether you’re selling $20 items or $100 items.
You might as well get more bang for your buck (or in this case, buck for your time), right?
On top of that, there’s also brand loyalty, popularity, and longevity to consider.
Let’s start with brand loyalty.
In a nutshell, you want to avoid niches which are already dominated by household names.
Here’s an example:
Let’s say your headphones die on you and you need to purchase a new pair.
You’ll either pull out your phone and go to Sony’s website (or Bose, Beats, or Sennheiser’s) or you’ll drop by one of their stores (if you’re the sort who’s particular about test-driving products before buying).
Step 2: Choose between dropshipping or holding your own products.
The next step in starting up an online business? Deciding whether you want to dropship or hold your own products!
Dropshipping has become super popular, but as with anything else, it comes with its own set of challenges.
In this section, I’ll run you through the pros and cons of dropshipping versus holding your own products so you can make an informed decision on the best choice for you.
Let’s start off with drop shipping.
So you have two options:
1. State in your store policy that you don’t entertain returns at all
2. allow returns and absorb the cost.
If you’re starting out with a limited budget, you might be tempted to nix returns altogether.
But don’t do that. Bad!
Step 3: Brainstorm a business name and register your domain name.
Your business name isn’t as make-it-or-break-it as the niche you choose, but it’s still super important.
But, if you’re not careful, it could put a halt to starting your online store!
People obsess over picking a name – I know I have. My advice is to give yourself a hard deadline of 1-2 weeks to choose the name if you’re really stuck. Otherwise you’ll spend months trying to figure it out and never pull the trigger on starting.
Step 4: Choose products to sell.
You’ve chosen a niche. You have a business name and URL. Now…
How do you figure out what the heck to sell?
Easy – by looking at social proof.
Head over to Amazon’s best-seller list, and check out the most well-received items under your niche.
Step 5: Create your website with an online store builder
When it comes to creating an ecommerce store, there are many platforms to choose from. One of the more popular solutions for startup businesses is Shopify.
Let’s walk you through how to create an online store using Shopify.
You can also start an online store How to start an online store for free with website builders.
The Best Free Ecommerce Website Builders
instamojo, Sell Online, In Minutes.
Bring your business online and start selling with ease. With features geared towards growing your sales, Instamojo has everything you need to build, manage, and grow your online business.
Build Your Own Online Store with Razorpay Payment Pages
Today, most Indian consumers rely on online stores to make their purchases. With online commerce penetrating the Indian market by 74%, close to 329.1 million people are projected to buy goods and services via online stores by 2020.
- Square Online – (free plan) – Most generous free ecommerce plan.
- Big Cartel – (free plan) – Best for small businesses happy to stay small.
- Wix – (free to build, not sell) – Best for creative freedom.
- Shopify – (free trial) – Best all-around ecommerce platform.
- BigCommerce – (free trial) – Best for scaling businesses.
- Squarespace – (free trial) – Best for design.
- Constant Contact – (free trial) – Best for selling on the side.
- WooCommerce – (free to install) – Best WordPress ecommerce plugin.
- Magento – (free to install) – Best for enterprise-level businesses
Hence, from above information you might have understood there are many websites… in the market. So, to run and earn such business you have to refer following links.
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For that very reason, I came up with a shortlist of online clothing shops – fifteen to be exact – that I believe are the best places to spend your hard-earned cash (or your parents’ *wink wink*). So whether you’re a fashionista searching for the latest trends or just need a good place to buy some tried and true basics, scroll down for some of the best teen clothing stores to shop right now.