When you are thinking about how you can make a profit with the rest of your 2020, then you might want to consider looking into an ecommerce store. Not only are they simple to set up, but you can do it from your home with little overhead.
You also don’t have to wait till you have a huge capital to start your store. Many popular retailers today began their journey with limited funds and have managed to create viable businesses. In fact, ecommerce might be the best way to start a new business in this day in age.
Here are the best ways to start a new store with limited funds.
Choose a quality ecommerce platform
Not only is starting a Shopify store one of the cheapest ways to begin your ecommerce business, but it is also fast and easy to launch. In fact, many often do it within an afternoon. To have access to its many features, all you have to do is pay a subscription fee each month.
All the technical and server maintenance issues are taken care of by the platform while you run your store. This can take out some of the more difficult aspects of running an online business such as creating a website that can sell items and provide shipping services.
One of the best things about Shopify is that it also offers a 14-day trial for you to see whether or not it would work for you. During this time you can try a number of different themes and test the many features it has to offer.
While you won’t have complete access to your store, you can still sell items and allow others to know that you are starting a new ecommerce business.
You can also upgrade to higher plans when you are starting to make money, which offer additional support and help when you want to grow your business. Shopify currently offers several subscription tiers which allow you to find the right option for you. These include:
- Shopify Lite plan which costs just $9 per month.
- Basic Shopify Plan which costs $29 per month
- The Shopify Plan for a sum of $79 per month
- Advanced Shopify Plan for $299 per month
Build a website from scratch
Whether you are looking to have an ecommerce store or develop your physical store, you will need a quality website. In order to make it a viable place for customers to find your business, you will need a reliable hosting platform, a unique domain name that is easily identifiable by your customers, and an experienced website designer or developer if you are not tech-savvy enough to set it up yourself.
You will also need a delivery system and payment integration depending on whether you wish to accept payments on your website or not. This means looking into which POS (point-of-sale) systems are best for you and which can make payment easiest.
If you aim at keeping costs low while starting an ecommerce store, making sure you choose the right platform is the best way to start.