The first step in building your online empire is to create a beautiful website for you shop. You can use one of many site building platforms that have templates you can customize or you can hire someone to do it for you.
Either way, you will need web hosting, which costs money (see below for more information about web hosting).
The cost depends on the length of time you want to host the website (one year equals $99), but there are free alternatives if you don’t mind having limited features.
You also need commerce plug-ins for WordPress, which can be done for you for free or for a small fee.
Commerce means selling items online, so all these tools include ways to sell products.
They each have their advantages and disadvantages, so research them and learn what they offer. For example, Woo Commerce, Suprabear, and eCom Builder are some good options for beginning sales.
There are two ways to make money with online sales. You can keep selling things you have bought, or you can go find something to buy.
There are many reasons to start buying goods. For one, prices are usually lower than selling your own stuff.
You also don’t need to be in retail business, which saves even more time and energy. You can focus instead on what you want to do with your site, such as branding or research.
Also, there’s no reason to pay for shipping when most people will just look at it and maybe try testing out the brand. No matter how little you buy, getting some use out of it helps develop trust.
At the very least, you have a nice story to tell friends about why you invested so much time in a small item that still works for you. Finding deals is easy; doing things that force you into some level of spending is incredibly fun.
Finding deals is like winning a lottery – almost every person has times where they think “I should spend less” and “I totally deserve this treat”. By having a fixed budget, you put yourself in control of what you spend on.
That means no more overspending at the grocery store and then feeling guilty after buying your favorite food. It also means not checking emails until tomorrow because you spent too long checking discounts today.
In order to achieve a sense of peace and happiness within yourself, you have to cut costs and limit extras. Otherwise, how else are you going to spare any left over to save or enjoy anything?
There are many ways to sell products on your website without having to build your own e-commerce system. The most common way is through a drop shipper, which will handle all of the buying for you. You can choose different vendors and brands to meet your needs.
You can have them buy in bulk quantities so that you don’t need to purchase as much from one place each time. This saves you money in the long run if you need similar items frequently.
There are several other options including buying individual items individually with PayPal, or Amazon’s Marketplace by creating a third party site.
These are all great options for those who want to maximize their sales but don’t have the time to manage a large online store.
Even if you have no income, it’s still easy to set up an online empire. You can do this by signing up with a payment processing company, such as PayPal or Square.
You can also look into accepting cryptocurrency like Bitcoin or Ethereum. While these are not yet widely used, they are growing in popularity.
Once you have a lot of sales, it is time to start tracking your results. This can be anything from how many people visited your website to how much money they bought or returned when compared to purchase price.
There are many different tools you can use for this purpose, but Google Analytics is one that’s free and easy to set up. Just make sure you know how to navigate their interface! Then just track everything as it happens through your store.
You can even put in some code searches to see how others are finding out about your site. For example, by searching “e commerce tips” there are hundreds of articles written around the topic.
By having a look here, you can see what types of content the search engines place more value on. Which pages have quality content and social shares? And which pages have something less helpful? It also helps you determine where to spend your efforts to produce the best output.
Marketing is the blood in the engine that drives your business. If you don’t have customers, you can’t make money!
Good marketing gets your product or service known and makes people want to buy it. It doesn’t cost anything but time & energy, so there’s no excuse not to market your company.
In fact, all businesses need to do some form of marketing if they want to succeed. For small businesses, even minimal marketing costs can be very expensive.
For example, buying ads in popular magazine websites like google news has little value for most small businesses. By paying for advertising, you can reach potential buyers, but you will pay a lot more than looking naturally through online channels.
However, large companies with huge budgets spend 85% of their budget (that’s why they are big) on marketing. You only have to look at the top brands such as apple, microsoft, razer and steve jobs to know that mass marketing works.
The key question to ask yourself is “how much effort am I willing to put into promoting my brand?”. It is nice to get some profit from shopping, but nothing beats having tons of fun while being successful.
Put up fliers, posters, show videos, have events – whatever you feel comfortable using to promote what you are doing. People love sharing cool stuff with others.
If you give them something they enjoy, they will share it with their friends who then might purchase a license or download an app.
It is important to understand that not every customer will be happy with your service. If you are able to recognize and address their issues, they will keep coming back and spending more money once they realize what’s good about your product.
It’s common to deliver bad news when serving a dissatisfied customer. Your goal should always be to resolve their issue so it doesn’t hold them up or prevent them from doing business again.
How do you achieve this? The first step is to identify the source of the dissatisfaction, and ask yourself if there was something you could have done to fix it. For example, if you gave poor quality then you can say that it was because the client didn’t specify well enough that he needed premium quality.
By recognizing your errors and taking action to prevent future mistakes, people will continue to give you their information so they can receive my help.
Consistency is your most valuable asset when it comes to building an e-business empire. If you are not consistent with your branding, customers will find another company that is more reliable or offer a better experience.
Consistency can take many forms, including (but not limited to) product listings, price points, shipping methods, customer service policies, and sales figures.
You may have several companies operating under one umbrella brand, or you may decide to go all out and create multiple brands. The choice is yours, but make sure you are keeping track of one business’s success while trying something new.
Track your revenue and compare this figure to other businesses in your industry. Are you delivering what people want at a good price? Or are you overcharged and offering a poor quality product? Make adjustments and try to be better than before.
It takes time to build up trust among consumers and their own personal investment and testing will help get the word out about your products and services. As long as you know how to follow through, things will start getting easier.
With all of the technology surrounding us, there are now many ways to automate tasks that used to take hours, days or even weeks. There are task lists, time management tools, calendar reminders- you name it! Technology is making life easier for everyone, including entrepreneurs.
Don’t be scared to give yourself some time off, work hard but don’t overwork yourself. You will get nowhere fast if you fall into the trap of burn out. It is not easy finding balance between being busy and having time to spend with family and friends, so try to keep this in mind.
The more time you save by using technology or working online, the more time you have to grow your empire.
You can use these same techniques to boost productivity as well. By creating systems and structures that make sense for you, you can gain efficiency and speed up your workflow.
Give yourself rules to follow that help you focus each day – this may include rules such as only checking emails once a day, setting limits to how much you respond to messages, etc.
When you do go back to email, wait at least 30 minutes before you start scanning them; instead, walk around the room and move your hands or pick up something from the floor and count what others say. This helps me regain control again after I’ve checked my email.
With every new message you receive, you become less aware of your breathing and thinking about everything else other than what you were doing. Your attention keeps drifting, which makes you feel unfocused and unsociable.
By implementing a rule where you limit yourself to responding to messages (if necessary), you avoid falling into that trap. Then you can choose whether or not to ignore the message.
If someone starts pestering you to reply with “Hey dude, they just hacked Twitter…” then don’t worry about it. Just stop reading those emails and return to sending yours.