eCommerce Merchants: A Formula For Success $$$$
With job security and financial independence on their minds, many people are looking at starting an eCommerce business in 2021. This is not surprising given that eCommerce is a trillion-dollar market that is growing exponentially with no end in sight.
However, many who are considering starting up their own online business operate under the mistaken impression that they need a large investment to get going. While having plenty of money at the start helps, many million dollar-plus eCommerce businesses started with next to nothing in terms of funds.
What follows is a four-step plan that will help you get started, find your path, and maximize your potential for running a successful eCommerce business by next year.
Choose the Right Niche
There is an old saying in sales, do not sell a product, find a product that sells. For you, this means doing the research to find a product or niche that is in demand. Identifying the demand is 90% of the work involved in creating a successful eCommerce business. So, here are a few tips that will help you focus your research.
- Look around and see what people want
- Find a