How to start an online shop
Ready to join the growing e-commerce industry? Check out our 5-step guide to opening an online shop and pave your way to online retail success
Step one: research, research, research…
Before anything else, take a little time to do some market research. With all the online opportunity comes incredible competition, and chances are that there are others out there selling similar products to you.
That said, that shouldn’t put you off - instead, use your competitors to shape your own site. Take inspiration from what they’re doing best and aim to beat them where they’re failing. Consider kicking things off with a SWOT analysis to define your own strengths, weaknesses, opportunities, and threats, and use its findings to fuel how the online shop you set up will operate.
Step two: pick a platform
To run a successful online shop you’ll need a good back-end shopping cart software, from where you can design your site and then manage it day-to-day. For this there are slick subscription services - like TreeD#Web.
Broadly speaking it’s best to go for these off-the-shelf options - especially if you’re not too techy - as they’ll simplify your life in the long run and spare you from dabbling in complex code. Additionally, they ease your online marketing efforts (more on that later…)
Step three: don’t forget the details
You’ve done your research and set up your e-commerce site - almost there, no? Unfortunately not, as there’s still the tricky topic of logistics.
Postage is likely to be your biggest consideration here - both in terms of cost and time - as your products won’t pack themselves and delivery isn’t always cheap. With that in mind, factor this into your financial planning and bring in extra hands if you need help. Just bear in mind you’ll need to cover yourself with employers’ liability insurance if you do take on staff. Look at our tailor-made online retail insurance too, as this can help you counter the e-commerce risks.
Step four: get marketing
Building your ecommerce site is only half the battle - next you have to get it seen. There’s some key concepts you’ll need to learn to succeed on this front.
The most important is SEO (search engine optimisation) as this is what you’ll need to do to get visibility on Google and other search engines. Check out the Kissmetrics and Search Engine Land guides to e-commerce SEO too.
Also, if you’ve built your site using Shopify, Magento, or Wordpress, try to explore some of their helpful SEO add-ons. These include but aren’t limited to:
- Create SEO
- SEO Meta Manager
- Yoast SEO plugin
- Experiment with Google AdWords, and check our small business guides to Facebook, Twitter, and YouTube too, and explore the basics of content marketing whilst you’re at it.
Step five: learn the legislation
Last but not least, it’s wise to learn the law before setting up an online shop. There are a number of e-commerce specific laws designed to protect consumers and it’s important to stick to these in any online trading that you do.
Follow these five steps and you’ll be on your way to running a successful online store. Any more questions or tips to add? Put them in the comments section below.