Set Up An Online Business: Tips For Inexperienced Entrepreneurs

What will I sell? Who am I going to sell it to? With what business model?

On the off chance that you didn’t presume it yet, we as of now let you know: an online store isn’t amassed in multi-month. What’s more, we give you know since we have attempted and you can not: do the market ponder, discover a plan of action, discover providers, request a statement, send it to you, renegotiate with them to get the records, take those records, enlist the innovation supplier …

Please, for the power you can, however with few certifications – no, on the off chance that you ask me-and taking a chance with that strike you’re contemplating underwriting.

The truth of the matter is that we needed to pivot how we approach the reports and have found a way to begin a store ourselves. We needed to place ourselves in the place of somebody who had no involvement in setting up an online business to encounter same issues from you – if you are a specialist in online stores, unmistakably you know this, so this isn’t gone for you. What’s more, who superior to me, a decent columnist?

My thought has been to pursue every one of the means similarly as you would when you need to set up an online store: turn around which item you could offer; perceive how I would profit; pursuit and discover providers; test the results of those providers; select the issues that are at long last going to be sold; do the statistical surveying .. All things considered, all that and afterward balance every one of my means with specialists to perceive what is done and what I have missed, so you make less false strides on the off chance that you set up an online store.

The first step? See what product I am going to sell. I start thinking about what options I can think of for the store:

1.-Plectrums for guitars. Because I had seen the idea abroad looking for business ideas for the Opportunities section of the magazine and because my colleague Curtis Dillardhad commented to me recently. Javi had even seen a machine that made barbs.

2.-Raincoats for riding a bicycle. Because they are in the catalog of an American company of women’s cycling clothing to which I had an eye for the magazine.

3.-Tactile pencils for tablets. Because I had read an article in the blog of the digital edition of the American technology magazine Wired Gadget Lab that I consult frequently. He was talking about a quality German tactile pen.

4.-Safety straps for kids. Because I had seen him in an episode of Modern Family television before my daughter started walking and I thought it was silly. And now that my daughter walks, it seems like a better idea.

I already have it!

I go over all these proposals, and in the end, I prefer the tactile pencils. The idea that I like the most is the one I’ve read in Wired, and I’m reading it now with new eyes.

I had always thought that there was life beyond the products of Apple and what products for iPad users there are to bore, but not for the rest of tablets and brands.

The idea, on a napkin

“I’m going to sell tactile pens. But, pens of first quality or I go to price, and I bring a product of China with more margin? “

This is the first thing I write on a napkin. I have nothing more clear -not what product, or who I’m going to sell it too, so I start to think about it. Top quality pens? Ballpoint pens from China? For executives? For graphic artists? For children?. I am clear that a business is a good product at a reasonable price with someone on the other side willing to pay for it and all this through a channel that works. How do I get that good price? Where do I have to look?

What would an expert say?

Since I am clear that I am not going to make myself, I have to find manufacturers. Pepe Isabel, an expert in online commerce at the E-Tecnia consultancy, tells me that “the big problem the entrepreneur has is with the distributor. It is the one with the key to the business of an online store. The margins of the electronics sector, for example, are crushed. They have always been very short. Between 4% -9% “.

“If in principle, those distributors mark a price line, it can be interesting. Another thing is the conditions that they propose to you. You have to go distributor by distributor and ask them what conditions they mark you. You can get a 5% discount and a large area of 40% … “, he continues. “If, of course, they tell you that you have to buy 100 units … that’s going to complicate things for a modest project,” he says as an example.

Three business models … which one I bet?

Okay, I want to sell touch pens, but how? Only pencils? High-end? Do I go to price? After conducting the market study, on a napkin (for that cliché) I write these three models, which when I start with the project are the only ones that occur to me:

MODEL A.

It would be called www.tulapizdigital.com: it is a shop of real pencils and refills of those pencils at a reasonable price. I think about bringing a product from China, pick 6-7 models and try them.

MODEL B. I Would open a store that I would call something similar to www.bamboomanía.com. It is a brand-distributor store model. In this case, of the products of the Japanese Wacom. I have looked for a quality product in the market, and I have found that the reference is the Bamboo Stylus, and I have asked the commercial contact to explain what are the conditions for their distributors. It may make sense to distribute this product and others of this same brand online. My goal: clients with high purchasing power and graphic artists.

MODEL C.

The last model would be to sell accessories for tablets and mobile devices and center it in a niche: children. The store that would open would be something similar to www.babytablet.com, a shop of real products for kids: colored pens, pens for parents, leads for apps, cases and screen protectors. Influencing the customization of these products. The difficulty would be in making it known, but …

What would an expert say?

Contrast with Isabel these three business models. This expert tells me that “model A would not work because it is a single product, with little demand. I would not have enough clients to make it viable. Also, it does not have, in the end, enough margin “.

“The B falls for the same reasons. The problem with these two models is that it is a small universe, “he continues.

The C, however, could work. Why? “There is a boom in the penetration of tablets in homes. And the snobbery of the parents now moves to the children. It would work well with blog strategy and social networks, “he says. Also, who has a tablet has a reasonable purchasing power.

Customs and certification

Meanwhile, I think of talking to John Parham, an enterprising expert in import-export with China, to speak to him about guarantees, about time, how to do business with the Chinese, if my suppliers finally are them.

John brings me up to date on the customs procedures and costs and explains that if I want to address the children, I need an independent certification to guarantee the products and monitor the manufacturing. And there the operation becomes more expensive. And I’m not interested anymore. The product takes two weeks to arrive at the end. It is bigger than I expected and much more substantial. I try to see the ease of extracting the pieces, and it is not difficult. Thus, to the brave, it is not suitable for children. I call Mariano and tell him. “Sure, it took three weeks because they did not see you seriously. You had to have asked for 100 of them. ” I think he not only answers me as an expert in transactions with China but as someone with an entrepreneurial spirit. I told him that I told them that I wanted to test the product and they got upset. “Normal,” he says.

How To Start Your Own Online Business From Scratch

Since the human left the caverns, we have dedicated ourselves to finding a way to make life easier.

We want everything to be automatic and instantaneous, and we have achieved it.

I’m going, being honest, there are no instant businesses, but if there are businesses that will make your life easier.

We already know that unless you have a job that pays $ 300,000 a year, the best way to have economic independence is to invest in your own business.

I continued thinking about this for a while, and only with the bills to pay the registration, rent the premises, get the inventory, pay the taxes and everything else, I had to save for at least a year to start and without any warranty.

For the moment, I put aside that idea and started looking for other options, and I realized that you could create an online business in a few steps, in a short time and at a little cost.

I had no experience with this issue when I started, so I had the same problems as you.

That’s why I wrote in this article how to create a business and how to start an online store.

I will show you the steps recommended by the experts that I know work and I added the recommendations that I gained from experience.

There is the possibility to enter the world of sales and generate your income, and here we will make you learn how to create an online store.

The best of all is that online stores and businesses like the ones you’ll find in the list of 21 online business ideas can be almost entirely automated.

So when you have started, you will have more income and more freedom to dispose of your time.

The idea of having your own business can be more than a dream, and you are about to discover everything you need to make it happen.

How Do You Create A Business?

To create a business, the most important thing is to know what company to choose. It must be an undertaking about something that you like, that you know how to do and that there are customers who want to buy your products or services, or else, your company will fail.

The first step is to find what you like or are passionate about. If you get involved in a project just for the money, but in reality, you are not attracted to anything, over time you will lose interest in it.

So take paper and pencil, and start pointing out all those ventures that you would love to start.

An excellent way to discover what you like is to review in your curriculum which were the jobs you enjoyed the most and why. Then think about the things you want to do to feel better, like writing, cooking, or exercising.

Make a list of all the things that interest you, because if your business is about something that interests you, you will spend more time thinking about ways to improve it and this will help you differentiate yourself from your competition.

An excellent technique to create this list is to think about what you would do if you had a million dollars. Take a minute and think about it, those things you find yourself fantasizing about will be your most significant interests.

Remember that it is important to write everything on your list, even those ideas that seem silly or unimportant.

What if I’m not passionate about anything?

Some time ago I read something that interested me a lot, they explained that we do not always work on what we are passionate about, sometimes we find a job, and we are excited about it. I agree with this comment; sometimes life is merely a matter of attitude.

When you decide to hate what you do, you achieve it, and if you choose to love what you do and find reasons to enjoy it, you will also make it.

Then, think about that list with everything you know how to do, and create your list of what you could be passionate about, thinking about what are the things that will give you more reasons to enjoy them.

Once this is done, you should check what you know how to do, so you will have a shorter list of options to choose from.

The first thing you will have on hand to help you will be your resume, there you will find your knowledge according to the studies with which you have prepared.

If you have cooking courses, knowledge of mechanics or an accounting certification, add it to your list.

You will also add the skills if you get along with people, if you have many contacts and make relationships easily or if you are very good with computers and the Internet.

Do not leave anything out, and even if it does not seem important to you, every activity in which you are right, you must take it into account.

Another thing you will find on your resume is your work experiences, the places you have worked and the positions you have occupied.

You’ll notice that in some places you’ve been working longer than others, concentrate on finding out what jobs you did best and ask yourself what made you so good for that job?

You will see that when you finish, you will have a clearer idea of ​​the knowledge you have and your skills.

Now, you will see the two lists that you have created, and you will compare them.

It will be like a game of couples; you will take something that you like to do, you will unite it with the skills with which it is related, and you will think of a business idea.

What you like + What you know = Business idea.

I’ll give you an example so you can start, if you like cooking and you’re good with the Internet, you can create a web page of cooking recipes on online catering service.

If there are things that you like a lot but you do not know how to do, it’s never too late to learn.

Think of the workshops, courses or seminars you can take to learn some skills quickly.

The result will be a shorter list with different business ideas.

Finally, you are going to choose from your list which is the business idea that sells the most.

To know this, you can start by asking for the opinion of your acquaintances, talking with people who already have some of these businesses or doing surveys.

Search the Internet for the most useful business statistics in your country to see which are the best on your list.

Finally, make the decision and choose your business.