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Online Retail

 

Creating a retail website is simple, but only if you go in with a plan. You need to learn the software or hire someone that knows how to work the software first. Above everything else, you want a website that will satisfy customers’ needs and allows easy online exchanges.

Any brick-and-mortar store has the possibility of raising profits by having an online portal; however, this part of your business will not run itself. If you are a single location business, you may be able to get away with hiring a single extra person to work on getting online orders processed. Larger retail outlets will require a bigger team.

There are a few questions you should ask yourself. You should have some way to market your product, have people working logistics, be competitive in pricing, and have a general business plan already set in place. You don’t want to be learning how to ship your products once your first purchase goes through.

The marketing plan is important. Remember, you will be competing with retailers such as Amazon. You could advertise locally, promising same day delivery on your products. Billboards and newspapers are two of the best ways to advertise locally. Don’t forget to tell the customers that come to your store about your website either. Additional sales would come slow, so consider advertising online too. You can purchase ad space on popular websites.

Once your store is up and running, you should always be looking for ways to improve it. Try to get the customer through their shopping cart in as few clicks as possible. Look at what other popular online retail stores are doing and mimic their procedures.

An alternative to creating your own website is to use an existing platform. Amazon is the most popular online marketplace, and it’s not difficult to list your products on their website. It costs only 1 dollar per item sold. There is also a $39.99/month plan for individuals who are selling lots of merchandise.