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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 Aria says at 21:38 et
How to get those magical discounted rates for shipping within US?
 
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 jack says at 21:38 et
Try https://apps.shopify.com/shyp (Hassle-Free Fulfillment for Shopify Sellers they have good rates), also check Shippo and Stamps.com
rates within USA are USPS under 1 pound around 6-10 usd depending on the state
Also app NetParcel, shipwizmo.com
 
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 Aria says at 21:38 et
I use Flexport for shipping to FBA. works great
 
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 Mother Wit says at 21:40 et
What fullfilment services you use?
 
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 Rob says at 21:40 et
Try Shipwire to ship to US customers and across Canada, shipwizmo.com, maybe even Fulfilled by Amazon? Also ZhenHub they have fulfillment centers around the world - China, USA, UK, Germany, Australia.
 
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 Ethan says at 23:18 et
Looking for product to sell... Selling mobile accessories is a good idea or not ?
 
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 Midas says at 23:19 et
Bad idea, totally crowded with big sellers with deep pockets, Too easy to copy any product, too much competition also
 
Rene says at 22:57 et
How do i get started???
 
Claudia says at 22:58 et
Hi Rene. Best way to start is to go through the video course first http://sellslikehotcakes.co/videos.php which will guide you through the whole steps.
 
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Butz says at 05:01 et
Hi All, Im a beginner here. I have seen most of the videos.
I am interested on doing FBA.
I am from Australia and I just registered my business, applied for a seller account on amazon.
what should I do next?
 
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Claudia says at 05:02 et
Welcome Butz! Well... Just follow the lessons, pick the products and start the FBA business. Let me know if you have more specific questions!
 
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Alexander says at 04:45 et
Should I finish all the videos before I start building my E-commerce store?
 
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 Highlander says at 04:46 et
You can start building it alongside watching videos, but it's good also to finish all to have a FULL picture!
 
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Sallyann says at 14:22 et
Hi there,
On my own I have set up my Shopify website with my domain, I have Oberlo and have imported lots of products and listed them, however, i am really not sure that they are worded right in the SEO way and I have been trying social marketing but still have no sales, I've been doing this for several weeks now. so I have just discovered Sells Like Hotcakes and thought that you may be able to help me with the marketing, the conversions and eventually with Amazon FBA is this something that you can do or because I have done most of the set up myself do you think I should continue on my own? I really am struggling to get past this rut where I have done everything I should do and no sales. Please help?

thanks in desperation!
Sallyann
 
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 Mike says at 14:24 et
Hi Sallyann, it's hard to suggest anything blindly. I suggest that you post your website here http://sellslikehotcakes.co/critics.php in critics and we can all give suggestions to you!
 
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 Mike says at 10:18 et
New video added: "Sellers Summit conference insights: How to choose the right product?" in the FBA Mastery Bonus Section. Enjoy!
 
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 Highlander says at 10:19 et
thank you for continues support mike!
 
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 Tyro Meg says at 16:05 et
great video, thank you for sharing!!
 
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Angela says at 16:31 et
Hi, I am new in e-commerce. I am trying to white label a product and I have registered a domain name so I can put in my product or products. Do I need to also Trademark the name? It appears a quite expensive exercise.
 
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 Mike says at 16:32 et
hi Angela. Please watch the video about BRANDS, it talks about it. You might not need to invest too much at this stage but later down the road you might get a trademark if your business is growing fast. However make sure you are Amazon brand registered, it's free.
 
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Ernesto says at 03:39 et
how much should i charge for international shipping for "free + shipping offers"? If a client buys a "free+shipping offer" directly from my site more than once - how much should i charge for every "free+shipping item" added?
 
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 Lane says at 03:41 et
It's hard to say without knowing your product, location or shipping costs how much you should charge. Best tip here is see what competitor is charging so you will get a rough idea. Maybe $19.95 for a Tshirt or $9.95 for a Mug

I don't see a need to limit the amount of "free+shipping item" as long as you are making profits and have good margins
 
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Ernesto says at 06:36 et
Thank you Lane!
 
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sol says at 07:45 et
a succesful PL brand however i would like to know which tools are the most valuble in hereis it the bullet point tool,? someone please share
 
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 Emili says at 07:45 et
Welcome sol.. depends what are you trying to achieve and improve?
 
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George says at 08:51 et
What is the best thing to do if you are out of stock, close the listing or let it run? how about the metrics are they going to drop?
 
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 Ted says at 08:52 et
Are you talking about amazon or shopify? On shopify it will say "Sold out" which is pretty cool for building urgency for other items.
On Amazon if you have no stock your listing is not displayed. You dont need to "close" it. Some people like to rise the prices before you run out of stock. The metrics will go down unfortunately. You need to plan your inventory better.