Things to Consider Before Deciding What to Sell Online
E-commerce has become an increasingly popular business model. Many entrepreneurs and companies are eager to start selling online, but due to missteps and lack of proper planning, they often give up on this lucrative opportunity.
In this blog, we will provide some tips for a sustainable online business model.
First and foremost, proper planning is essential. You must decide what to sell and on which platform. Understanding the industry is crucial because selling online requires time and effort.
To sell the right products, you need to keep track of trends in Turkey and globally. Analyze existing sellers and brands in the sector, calculate all the costs and potential returns for the products, and based on that, make an informed decision on what to sell.
Next, you need to find reliable suppliers to source your products. At Angora Silver, we offer wholesale and retail services to companies and entrepreneurs looking to sell online.
You can choose to set up an individual website or open a store on marketplace platforms for e-commerce. Leveraging the strength of marketplaces can be advantageous.
Shipping options are also critical in e-commerce. Offering fast delivery, same-day delivery, or free shipping are choices that customers value. Providing these options will increase your sales conversion rates.
To conduct business, you need to have a legal company identity. You must issue invoices, become a taxpayer, and declare taxes. Opening a store on marketplaces, making shipping agreements, gaining customer trust, and maintaining sustainable e-commerce operations all require establishing a legitimate company. Consider starting with a sole proprietorship for the initial phase.
One of the most influential factors in online sales is customer satisfaction. Positive feedback and high ratings on marketplace platforms and other channels will build trust in your store, resulting in increased sales.
Selling online can be a rewarding venture if done right. By following these tips and staying committed to your business, you can achieve success in the competitive e-commerce landscape.
Remember, it's important to continually adapt to changes in the market, understand your customers' needs, and provide exceptional service. Embrace the potential of e-commerce, and with dedication and perseverance, your online business can flourish.