Showing posts with label Ecommerce Development. Show all posts
Showing posts with label Ecommerce Development. Show all posts
Before you start selling online, make sure the following aspects are fulfilled

Where & How to Sell Products Online?
Where & How to Sell Products Online?

  1. Costs
Online business involves various costs. It is important to find out if you can make good profits after incurring all the costs. Your costs may include;
  • Shipping cost
  • Packaging cost
  • Payment gateway cost
  • Storage cost
  • Marketing cost

  1. Understand your profit viability
Now that you have an idea of the costs involved in selling online, you can calculate your profit margin.
Profit Margin = Selling price – costs
Always try to be profitable per product level. If your profit margin is positive, you are good to move ahead.

  1. Create your digital catalogue
Unlike a physical store where you only need a product and a sales staff to sell it, an online store will require a digital catalogue. This digital catalogue will contain produce description, product image, name, price brand, features, extra info and other applicable attributes.

  1. End to end process
Before you actually start selling your products, you need to have a mental practice run i.e. lay out the entire process from getting an order to shipping goods. You can formulate a checklist for doing quality check, invoicing etc and follow the same end to end process every time you get an order

  1. Inventory management software
As your business grows, managing your inventory manually will become difficult. Hence, make sure you have a good inventory management software in place.

  1. Online visibility
Customers are most likely to research about your business before making a purchase. Hence, if they can’t find reviews and business information online, they can also drop off their plan of trading with you. So, a company website, social media presence, etc. are important facets.

Selling on Market place v/s own web store

Once you have decided to sell online and taken all prerequisites, you are most likely to ask yourself, “should I be selling on an online marketplace like Flipkart or Amazon or should I set up my own webstore?
If you decide to sell on an online marketplace, all you have to do is submit your business details on the seller registration pages. You will need to keep VAT registration number, PAN number and Bank details handy. Some sites need address proof as well. You can upload scanned copies of these documents. Verification is completed normally in couple of days.
If you decide to set up your own web store, then you’ll have two options, Hosted and Self Hosted options. Hosted platforms like Shopify and BigCommerce are hosted on someone else’s server. It’s a lot like renting a space to sell your products. A self-hosted platform like WooCommerce and Magento on the other hand, requires you to run the software from your own machine.
Hosted platforms are very easy to use, even for beginners but a self-hosted platform gives you more opportunities to customize your store.

 Why Use Magento for Ecommerce Development?
Magento development in the ecommerce arena has been surging in popularity as more and more businesses decide to build their online store using this open source technology. This article discusses about the benefits of Magento ecommerce development.

So you have decided to launch your own ecommerce venture; Great! The one big question that you are about to face is; choosing the right platform to build your ecommerce website. Choosing the right platform from aplenty of options is going to be tad confusing. That is when you start looking for the popular ecommerce platform in use on the web. Your answer is Magento - a free and open source content management system for ecommerce websites. Scripted in PHP and built with the elements of Zend Framework, Magento employs the MySQL relational database management system.  What makes Magento a mostly sought after option among the retailers across the web? Cost effectiveness, customization features, business centric functionalities, user friendliness and security are some of the many advantages of Magento ecommerce development. Magento is available in free community and premium enterprise editions. Business enterprises may choose the right version that fits to their needs. Added to that, there are a lot of extensions, plugins and themes available with the Magento platform which allows the developers to craft unique and bespoke business driven ecommerce solutions. If done in the right manner, Magento extension development can increase the performance, functionality and reach of your ecommerce store. But make sure to hire the services of a Magento certified developer to entrust with your ecommerce development project.

Many of the business enterprises often think about cutting corners and saving money by choosing a novice or freelancing open source developer. However, it is always recommended to hire the professional services of a reputed web development company to avail the best quality results. Only an experienced Magento developer can devise and launch a customized shopping cart solution for your business. Not just the customization services, but you can be assured of availing premium services from a reliable web development team. Moreover, the team will be always there to guide you out even after the development and launch by offering maintenance services. How to find a reliable Magento development company to partner with? You may start your search through online. Social networks, forums and tech communities can provide you the right guidance. For example, LinkedIn is a business oriented social networking site that has been helping the professionals to build new connections in the industry. You may take advantage of this site to find the leading web development companies in your locality. Once you have come up with a list of IT firms, make it a point to check their portfolio and schedule a brief discussion. Pay heed to the technical expertise, practical skills, industry specific experience and customer service strategy when choosing a Magento ecommerce development company.

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