What are the steps to getting started with eCommerce?

The intention is not to upset the readers but there is no such staircase or elevator to get started with eCommerce or for that matter, any business. But certain fundamentals one should not miss or mess with are highlighted below.

Refine your business idea as long as it does not become irrefutable

No matter how brilliant a business idea is, it is never perfect in the beginning. You would better want to discard a poor script than execute it. Find every possible reason that could fail your business idea. Set a deadline and carry on with this process till your business idea becomes irrefutable. You will have far bigger challenges ahead. Of anything, it should not be your core business idea.

You cannot do it alone: Build your team first

No matter what your qualifications are, business is not a one-man show right from the early stages and especially in the early stages. Choosing people with expertise in different areas should be your ideal strategy ( https://www.yourretailcoach.in/retail-business-plan/ ). And when we say 'expertise', we mean at some startling levels. It is good for your team to come with some quality experience and project exposure even as interns. And the most important quality - the drive to make things happen.

Business Model - the next big thing after the business idea

A business model ( https://www.yourretailcoach.in/business-model-development/ ) is a broad sketch of how and what will make your business work. A business model mostly circles around 'value to customers' answering questions like:

· How will this value be created and delivered to customers?
· What are the key/important activities in the value chain?
· What are the resource requirements?
· Who are the key partners/associates (internal and external) in your story?
· Who your customers are? How will you attract and retain them?
· Costing and revenue streams

Development of the website and mobile application

When you get into eCommerce ( https://www.yourretailcoach.in/e-commerce-consulting/ ) , you realise that you are competing with every big brand for digital attention. That could make you feel proud for a moment but it will also make you conscious of the kind of effort you have to put into website and app development. If you are not from a tech background, this is where you will feel glad about having that IT geek in your team.

Other important areas are market research ( https://www.yourretailcoach.in/ecommerce-market-research/ ), operations planning, financial and commercial assessments, etc.
If you want to read more on this or related topics, please visit: https://www.youtube.com/watch?v=X2XgruEQyWw&t=2s

YourRetailCoach
Pune, India-411016
Phone: +91-9860-426-700
Email: consult@mindamend.net
Empowering Retail & E-commerce businesses worldwide.

YRC is a Management Consulting Firm with its presence across India & Dubai.

Get advise for Retail Business Consulting : https://www.yourretailcoach.in/contact/

This release was published on openPR.