2020 was the year that literally everyone wanted to have their own online store. As more and more people found that their livelihoods were at risk if they stayed in their traditional job, the savvy of us went off to create a business online.
Indeed, companies like Shopify have seen their share prices rise so high so quickly that they have been given the unfair label of meme stocks.
If you’ve got an online store that you’ve used for a while, or if you’ve just started out, or if you are yet to start out, then there’s loads that you can do to improve your store and make it work for you.
Working towards the future and good reviews on reviewsbird.co.uk is one of the things you should be looking forward to.
And just quickly – if you’re working from home now due to recent world events that have been thrust upon us, then you may be looking to make some energy savings. As you spend more and more time at home working on your business, you’ll find that some household bills will increase. Make the most of any and all savings that you can.
Choose The Right Product
Unfortunately, this is where many people come unstuck right out of the starting gate. You need to choose the best product for you.
There are many sites out there that aim to ‘make it easy for you’ by bundling most of the aspects of an ecommerce business into one package. So, they’ll put domain name registration, website building, hosting and payment processing all into one packaged deal for you.
Thing is, these deals cost money. You end up tied into the deal because it’s so hard to move once you’ve invested time and effort into building your site.
The monthly costs associated with these deals can be quite high. If you are just starting out, then it may not be the best solution for you.
Remember, Shopify’s stock price is high for a reason, and it’s not because they’re so charitable.
Bootstrap The Success Of Others
When you’re just starting out, you need all the help you can get. That’s why it’s important to give yourself every possible boost that you can get.
So, what if you could eliminate some of the up front costs altogether? You can also roll forward costs right now into your future earnings.
How can you do this?
Well, if you are a creator, then there are many platforms that will let you create a shop, give you payment processing capabilities and don’t charge a penny up front.
That’s right. You’ll pay a fee when you sell a product, but crucially, you don’t pay to start.
This is enormous in terms of reducing the cost of entry into the market.
The downside is that many others have also taken the plunge so you’ll be competing against a lot of others.
These sites also essentially reduce your advertising budget because they have such high rates of visitors. You’ll need to optimise your product listings but the great thing is when customers find you, their wallets are already on the desk.
It’s a win win!