Every beginner entrepreneur want to start on the right foot, be sure to follow these suggestions. In eBay PayPal fees which are 2.9% +$0.30 will be automatically deducted as soon as you receive your payment. eBay’s Final Value fees which are 10% of total item cost and shipping will be deducted at the end of the billing cycle.
The total amount of the sale is determined by the item’s price, shipping charges, and handling charges. If for some reason the buyer does not pay, then you can either cancel the sale or report it as an unpaid item to be eligible for a final value fee credit. The use of the Ebay fee calculator is perfect.
Take Your Business Seriously
Working without leaving home is a privilege that many people dream of having one day. After all, who wouldn’t want to have more professional autonomy without having to worry about dress codes and fixed schedules? But that is perhaps why the business requires a lot of discipline much more than when we work in a physical location. So, be careful not to get carried away by these advantages and end up forgetting that your business is as serious as any other.
Define Your Niche
This step is essential to get you started. The truth is that, who is starting, can no longer compete with giants. Therefore, the more segmented your market is, the better. This means that you need to have a niche: the more specialized your business is the less competition you will face and the easier it is to build your strategy. For example: an e-commerce that sells cosmetics may seem like a bad idea, but not if you segment this market as much as possible. That is, instead of cosmetics in general, exploring an area such as hypoallergenic products for children, for example, seems much more interesting, do you agree?
Have a Business Plan
Just like in a physical store, an e-commerce also needs a business plan to guide its activities. Prepare a document that specifies details about the brand, such as mission, values and objectives. Also make it clear which products will be worked on, also mapping suppliers and competitors. Set up a detailed action schedule. And don’t forget to include marketing strategies in your planning. After following these three initial steps, it is time to understand the model of online sales sites.
Understand the Model of Online Sales Sites
Now that you know how online sales can benefit your business, it’s time to get a deeper understanding of how they work. There are several types of online stores, just as there are different types of physical stores. To decide how you are going to work your online sales, you need to determine your product portfolio, your target audience and your business model.
As in any company, the best thing is to segment the public as much as possible, in addition to finding a market niche that can be explored.
As with physical businesses, you need to determine whether your online store will serve other companies or the end consumer. This is very important to determine the visual identity of the store, the sales system and the form of delivery. For example, suppose you are working with online shoe sales. If you are going to sell to other companies, your target audience will likely be physical shoe stores, which will resell your product.