7 Most Highly Effective Steps To Building Ecommerce

By Ivan

Today's life happens on the internet. People no longer want to waste their time stuck in traffic rushing to purchase some items before the store closes. Life has enough hassle without needing to join the long queue at Walmart. Do you know during peak days it could take you upto 55 minutes waiting to get to the register? Considering that time is money, no one wants to waste all that money standing in a queue only to spend some more money. The good news is that you don't have to. Thanks to the internet, the market is moving towards e-commerce businesses rather than the traditional brick and mortar stores. You're also right in time to get onto the wagon and make money while at it.

• Language: English
• Publisher: Ivan
• Release date: May 23, 2022
• ISBN: 9798201364380

Book preview

Table of Contents

Introduction

Chapter One:  The Time is Now

Chapter Two:  Sharpening Your Business Strategy

Chapter Three:  Tried and Proven Business Practice

Chapter Four:  Building an Automated Walmart Store

Chapter Five:  Basic Operation of an Ecommerce Store

Chapter Six:  Dropshipping from Amazon to Walmart

Chapter Seven:  Social Media

Chapter Eight:  Affiliate Marketing

Final Words

Introduction

Today’s life happens on the internet. People no longer want to waste their time stuck in traffic rushing to purchase some items before the store closes. Life has enough hassle without needing to join the long queue at Walmart. Do you know during peak days it could take you upto 55 minutes waiting to get to the register? Considering that time is money, no one wants to waste all that money standing in a queue only to spend some more money. The good news is that you don't have to. Thanks to the internet, the market is moving towards e-commerce businesses rather than the traditional brick and mortar stores. You're also right in time to get onto the wagon and make money while at it.

According to Statista, global retail e-commerce sales were about 4.28 trillion dollars and this is expected to increase to $5.4 trillion in 2022. Chances are high that you contributed to these figures through online purchases but you can also earn from this industry. Whether you are looking for a way of generating extra money, or you want to create passive income, you cannot go wrong with e-commerce. You do not need to be stuck in a boring and stressful job that does not earn you much yet requires you to show up before 9am and only leave after 5pm. If life is becoming a boring and frustrating routine, you have a chance to make it better and earn even more.

Many people today have to work more than one job and yet putting two meals on the table is almost impossible. If you are among them, worry not, there is hope for you. In these hard economic times, making enough money for yourself and your family is very difficult. Many people are faced with eviction, repossessions, credit card bills that are gaining insane amounts of interest each day. You may be feeling discouraged with all the effort you are making but not getting much in return. If you are looking at your finances and sighing, shaking your head, or feeling discouraged, you are in the right place.

You no longer need to feel defeated by your situation. In this book, you will learn how to venture into e-commerce business. You will learn how to get into the moment, believe in yourself, choose your business ideas wisely, and gain enough confidence to stop hiding in the shadows. We will further look at how to set up an e-commerce store and earn money from it. You will also learn how to create a 100% passive income stream so you no longer need to rub up and down to get an income. At the same time, you will generate extra income with an automated online store.

As you will learn in this book, you need to grow in your niche so much that you become an expert through both research and life experience. At that point, you will realize that the content you put out through your business pages is one that attracts people, and they take it as credible. Similarly, the best person to teach you about e-commerce business is someone who has been there and done that.

I know where the pitfalls are, I have made mistakes, learned valuable lessons, and recovered. Having worked in sales and e-commerce marketing strategies for over 25 years, I have watched the online business industry emerge from a seed and grow into a strong tree. You can now enjoy the fruits.

E-commerce business can provide you with a decent life and the flexibility that you need to be a well-rounded member of society. I have built multiple extremely successful e-commerce online businesses in different marketplaces including Amazon, Shopify, and Walmart. You can do so too and enjoy a comfortable life. Besides, having studied chess for over 5 years, I am good at strategizing not only on the board but also in life and business.

E-commerce business is a goldmine as long as you know what you are doing. And you will, by the end of this book.

I am not only passionate about online business but have gathered knowledge and experience over the years that I now want to share with you. You too can achieve your financial goals without the frustrations. You also do not have to go through many of the challenges people face as they start and run an online business because I will walk with you every step of the way until you are not only a business owner but an influencer helping others to publicize their businesses and sell their products.

Having experienced the joy that comes with financial freedom, I am happy to help you overcome your financial hurdles by showing you the ropes and inspiring you to step out with confidence and tap into this gold mine. Imagine waking up to no stress about bills!

The only limit to your success is you. Once you focus your mind on winning and follow the steps and advice given in this book then sprinkle it with a bit of creativity and innovation, even the sky will not limit you. Financial freedom is within reach, all you need to do is believe in yourself and commit to the process. You can be in a position of not worrying about bills and finally, take that holiday. As a matter of fact, you can take it each week because you can work from anywhere in the world. Here is what you need to know. The rest is up to you to implement and success is yours to keep.

Chapter One: The Time is Now

You are a few clicks away from whatever you need. Thanks to technological advancement and the growth of the internet, finding goods and services does not need to have you walking around town for hours on end. You can even purchase from other countries while in the comfort of your home.

Life is busy, we are all hustling and bustling and if there is a commodity that is in short supply; it is time. Besides, no one wants to be stuck in traffic for hours on end. With the world moving so fast and everyone looking for ease and convenience, there is no better time to venture into an e-commerce business like now. The concept of online business has been tried and tested and found to be working. Yet, it is not saturated.

The US Census Bureau of the Department of Commerce reported that in 2021, the retail e-commerce sales were $211.7 b, a 7.6% increase from the year's first quarter. Interestingly, these sales only accounted for 12.5% of the total sales. In essence, the retail e-commerce business is only slightly over 12%  meaning that the potential for growth is quite high.

The Bricks and Mortar Store

Brick and mortar is not actually something made out of brick and mortar, although sometimes that may be the case. What the term refers to is a business model that operates offline, involves a business with a physical presence, and offers customers a face-to-face experience.

For many centuries, stores were all physical and the thought of having one that did not physically exist was foreign. Today, these physical stores still exist but of course they have evolved with time. If you walk around in town and especially in the malls, you will find many of the businesses have physical stores, what we call brick and mortar stores. Running such a business comes with various advantages like attracting potential customers through their senses. For example, if it is a bakery, the smell of freshly baked bread and the sight of those chocolate-covered donuts could be the ideal selling point. There are also many people who still prefer to touch and feel items and have face-to-face engagements with the sales representatives.

However, the brick and mortar businesses have slowly been deteriorating for various reasons.

●  Rent - Not unless you own the building, getting commercial space is not an easy task and when you do so, it is not cheap. Rent for commercial purposes can range from $12-$40 per square foot but could even go higher depending on the location. There is also the issue of contracts that leave you bound for a certain period of time even if your business goes down.

●  Employee management and costs - Running a physical store requires employees to perform such tasks as cleaning, ringing up sales, and stock inventory among others. There will be payroll and benefits like dental and medical care and all these are costs incurred by the business that eat into the profits. There is also the issue of managing your employees which takes time and energy such as dealing with sickness and other absences.

●  Start-up and overhead cost - Starting a business requires proper planning but getting a brick and mortar business off the ground needs substantial monetary investment. Aside from the rent, you require business insurance, utilities, and workspace design among others. If you choose to go for a franchise, it can cost you quite a fortune.

●  Limited customers - Running a purely physical store limits your potential customers to only those who can access your location. The rest of the people have no access to your products and services. If you aim to serve only your locality then this kind of arrangement can work for you. However, if your aim is to serve a wider population, you will need many different locations which are also expensive.

●  Inconvenience - A good number of people prefer to shop online for the convenience of it.

Why you should venture into the e-commerce business

Many people are now moving to e-commerce because of the many advantages that come with it. People want to shop anywhere and anytime without rushing. Considering the limited amount of time available, no one wants to waste as much time physically moving from one store to the other in