How to prepare to launch your e-commerce business

Hello guys!

It’s another month again! I hope you’re having a great weekend.

Today, let’s look at launching your business, what are the factors to consider before starting anything. The funny thing is, launching a rocket is awfully similar to starting a business, although the technical variables may be different, the fundamental prerequisites are pretty much the same. So, what do you need before getting on board the e-commerce business shuttle?

Thinking up ideas

It is often said that ideas run the world. This happens to be a fact and not just a trivial proclamation. Generating ideas may sound simple, but it comes to actually doing it, it usually isn’t as simple as it seems. When brainstorming, always think; what can I sell that’ll make me successful? What is the latest trend in my niche? How can I tweak my products to make them unique and different? What kind of incentives can I offer customers that’ll separate me from the pack? These questions will help you in cataloging your ideas and implementing them in your e-commerce business better.

Planning & Research

Turning an idea into a successful business requires a lot of planning and research. You need to ensure everything is in order in terms of finances, business structure, legal aspects, etc. Regarding this; it wouldn’t hurt to have a well-drafted business plan. Research is required in understanding the market and the types of clients you will be dealing with. Ask questions, look up products you’re interested in, see what the competition in your niche is doing, analyses their market strategies and see what you can take from there… Research, research, research!

When it comes to the technicalities of analyzing the market and your competitors, we teach it like no other; utilizing severals tools and tricks to specifically accomplish this purpose. For more on this feel free to check out the sells like hot cakes competitor spy tool here

The “I Will” Mentality

A lot of “wanna-be entrepreneurs” often shoot themselves in the foot by having a lackadaisical attitude towards their business. They cower in the face of the smallest obstacle. Dare to be different! Challenges will always show up here and there, it is your attitude towards them that’ll determine your triumph or failure.

Hard Work

It is not enough to have ideas, make plans and research; you need to put in the work to actually get these things done. It is your business after all, so you must be ready to work for it. Throw away the garment of laziness and complacency and put on the garment of hard work and resilience. Whatever is worth doing is worth doing well.

So guys, if you are able to get these three things in place, implementation would be so easy and that will put in the crosshairs of success

Launching your business may involve a number of technicalities; we explain things better in our video course, giving you a FULL PROOF formula you can use.

Check it out here.

Go watch and learn

Until next time

========

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Last Wall Comments

 
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 pat says at 23:12 et
Getting ready to ship next batch of 1500 units next week by sea :)
 
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 Cyril says at 19:26 et
FBA: Personal Account vs Company account? Pro&Cons?
 
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Claudia says at 19:39 et
Professional for sure! Get LLC State Registration to protect yourself legally. Important: To Sell In USA you don’t have to live there or have USA company/Bank acc! Plus you get all the features of PPC, Lightning deals etc.
Cons? Small monthly amazon fee.
 
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 Wise Woman says at 21:20 et
I am starting FBA and have 2 questions..
1. What is EAN/IAN??
2. What is FNSKU?
 
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Claudia says at 21:20 et
1. It's European Article Number or International Article Number A 13 digit-10 data and 3 check -barcoding standard which is a superset of the original 12-digit Universal Product Code system.

2. Fulfillment Network Stock Keeping Unit... This number is used to identify a specific product to a specific seller within an Amazon Fulfillment Center. It's this that goes on your product as a label if you're selling FBA and not commingling
 
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 henry says at 21:21 et
sorry what is this FBA mean??
 
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Claudia says at 21:21 et
In short it works like this.. Amazon fulfillment centers pick, pack and ship a seller’s products, as well as providing customer service for products -all of this comes with a FbA fee 15-30% depending on the price
 
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 Kenga says at 21:21 et
Whats different with FBM and FBA??
 
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 Dylan says at 21:21 et
Fulfillment by Merchant - The merchant is responsible for picking, packing, and shipping the products, as well as providing customer support for the product. .. FBA is when Amazon fulfillment centers pick, pack and ship a seller’s products, as well as providing customer service for products -all of this comes with a FbA fee 15-30% depending on the price
 
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Claudia says at 21:21 et
Fulfillment by Merchant - The merchant is responsible for picking, packing, and shipping the products, as well as providing customer support for the product. .. FBA is when Amazon fulfillment centers pick, pack and ship a seller’s products, as well as providing customer service for products -all of this comes with a FbA fee 15-30% depending on the price
 
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 Abigail says at 21:22 et
Whats PL??
 
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 jo says at 21:22 et
Private label product.
 
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 mya says at 21:29 et
I am excited to start and ready to ship first product... How to print the labels??
 
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 little_tiger says at 21:29 et
Just buy a simple Laser printer and print on the sticky paper! EASY :)
 
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 Jeff says at 23:16 et
I am ordering samples for the first time. How do I get this done in AliExpress and get the offered sample pricing and shipping?
 
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 little_tiger says at 23:16 et
Jeff, have you watched the videos? The price is decided by your supplier. It can go as high as $150 per sample. Usually it's $30-60 WITH delivery!
 
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 Lane says at 23:17 et
little_tiger means FBA model and price for sample if you go wholesale from Alibaba... Of course if you do dropshipping on Aliexpress, you just get 1 copy for yourself super cheap to test the quality
 
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Ernestas says at 05:02 et
some one use aliexpres for dropshiping ?
 
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 little_tiger says at 05:02 et
Yes sure, many of us use it! What's the question?
 
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Kizzie says at 14:22 et
Great job
 
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 Mike says at 05:03 et
Hi guys, several new videos were added to the course on product selection and shopify apps! Enjoy!
 
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 Mike says at 12:15 et
Our new Summer “Take Action” contest is LIVE!!

Details and prizes
http://sellslikehotcakes.co/blog/index.php/2017/07/08/summer-take-action-contest-live/
 
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 Vin says at 12:15 et
wow sounds great!!!
 
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 diego says at 12:29 et
Count me in!
 
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Claudia says at 16:10 et
Mike added new video "Canton Fair Case studies, product ideas and PRO Sellers Tips" really great insights and tips there for FBA sellers planning to go to china!
 
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 Mike says at 04:50 et
Yes, super cool trip to China https://youtu.be/jf-pF_mr1TA
 
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sol says at 05:00 et
I want to better my bullet points as i mentioned i have many best sellers and in house softwares that i built myself but i am lacking in describing my products so wwell
 
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 Amelia says at 05:00 et
try bulletpoints tools and keyword research!