26 Feb How To Sell Online & Start Making Money Today
It can be overwhelming to learn how to sell online. You need to find out what things to sell and when to sell them.
Ok, don’t worry: I’ll take you through this tutorial on how to:
- Figure out a plan for internet purchases
- Selling a website such as Amazon and social media from your own store
- Find online goods to market
- Attract clients and transform browsers into customers
I’m also going to run through a checklist of what you need to launch online purchases.
And you have come to the right location if you want to know how to trade online. If you’re worried that it’s going to be too technical, too long or too expensive, don’t worry: we’re going to walk you through it step by step. And thanks to shop builders (more on this later), it’s never been easier to sell online.
Why you should sell online?
India’s electronic commerce is booming. According to a Google India report, India had 35 million online shoppers in the first quarter of 2014 and is projected to reach the 100 million mark by the end of 2020. This rise is further fueled by the wireless Internet and the exponential growth of mobile phones.
Companies such as Flipkart have now exceeded the $1 billion valuation. This is maybe the perfect time to start selling it online, whether you have a product to market. Here is an ultimate guide that will show you how to sell in India online.
Find out if its viable to sell online
You can do fast math to figure out the feasibility of your company, now that you have a good understanding of the various costs involved in selling online. A basic formula is here:
(Sourcing expense + packaging & delivery + transaction fees + marketing cost + variable costs) Gross margin= sale price
If your gross margin is positive, you should go ahead and start selling online. You should care about minimising the cost whether it is really low or unfavourable.
Create digital catalogue of your products
It is time to take the next step, assuming you have passed the profit margin exam. You will need to build a spreadsheet list of the items. You would later be able to import the collection to markets like eCommerce or self-hosted shopping carts. Product code (or SKU), product name, definition, category, sale price, discount (if any), brand, colour and other relevant characteristics should be included in this list.
If this is finished, take from various angles, ideally in white backdrop, 3-4 decent quality photos of the product. In online purchases, product photographs play a crucial role, so it is advised to take advantage of an expert. You will get these images from the maker in some situations,
Setup End to End Process
From day one, it’s best to be organised. If you know how, without any goof-up, event production firms plan major events? Ok, when they decide to work on it, they play the whole incident in their heads. You may do the same to create a procedure that outlines steps from accepting an order to shipping the items.
For doing quality tests, packing, invoicing, etc., it may be a quick checklist. It will also help help your colleagues while you are not home.
Use A Good Inventory Management Software
It could become painful to control internal and external product transfer manually when you work with inventory every day. To monitor your inventory, start using good inventory management tools. Some of the programme also offers your shopping cart or marketplace account an inventory sync option.
Be discoverable online
Before they make any order, your clients are more likely to look for your company. They could drop off if they can’t find product reviews or any other details about your business. So, in the form of a business website, social media platform or some other medium, it is necessary to have an online presence.
Best Products to Sell Online in 2021
Health and Beauty Items
Smart Devices and Bluetooth Products
Planners and Notebooks
Mobile Device Accessories
Puzzles & Games
How to find out what product to sell online
Study on Google Trends on whether the product or service you want to market is in demand at the moment before starting up your online store or company.
Join online business communities to know what they are selling online. Assess what products or service they sell that are making a profit and generating demand.