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To most people this concept will sound crazy, but you really can launch your own eCommerce business in just 7 days. Most of the work is actually done for you, you just have to put it all together and make it look presentable lol. With all of the marketplaces out there, you can find plenty of freelancers to help you set everything up if you're not savvy enough or you don't want to do it yourself lol.
There are people who will go on vacation and get an idea for a product, then launch an eCommerce business when they get home which will make them a nice passive income over time. Now this isn't always the case, you could likely fail, but that shouldn't stop you from trying
Below are the 8 simple steps to launching your own eCommerce business in 7 days
1. Find products that have potential
Now there are many ways you can go about finding a product that has potential, usually you'll be able to figure it out without having to do much research because you're already seeing it on social media Remember fidget spinners? Just imagine how much money someone made off of those things when they first started to hit the market and they set up an eCommerce website to resell them for a decent profit
Social media is great to figure out what people are already jumping in on, but there are other platforms you can use for research. These are Google Trends, Ebays top products, Amazons Best Sellers list, and many more. With all of these, you will see what people are already buying all of the time and you can sell something just like it or similar. These massive platforms have already done the "hot product" research for you, so don't try to branch out on your own just yet
2. Find a manufacturer
If you have a good source of traffic and sales but your manufacturer can't keep up with the demand, you will suffer the most because people will start spreading negative reviews. You will need to talk with manufacturers who are already making what you want to sell and figure out how many they can produce for you every day. If they give you a huge amount like 10,000 units per day, you're usually good to go lol.
A good source that I've used in the past is Alibaba and Aliexpress. They are both owned by the same company and basically do the same thing, sell at wholesale prices. Alibaba will sell in bulk with an MOQ (minimum order quantity) while Aliexpress allows you to purchase 1 piece at a time, which is why a lot of people go through Aliexpress because they don't have to risk a lot of money. They will simply list the product on their website and went they get a sale they will purchase it through Aliexpress and use the buyers information in the shipping section
3. Think of a good brand name for your business
Your name makes you stand out from the rest of the competitors selling the same thing, or something similar. If you can get some short and catchy domain and business name, you're more likely to get people to purchase from you. No one wants to buy from United Business Products For Sale Online INC. because it just looks odd. People will purchase from UBP Online INC. which is pretty much the same thing, but abbreviated People will see this as more professional and will buy time and time again
Usually I'll try to purchase the domain name first so that I don't register a business for a few hundred bucks and then the domain I want is taken. Purchasing the domain first allows me to ensure that the business name likely isn't taken. Of course I will do research on both prior to purchasing either just to make sure they're available, but purchasing your domain name first is always safer You can always purchase your domain name the same day you're filing your incorporation papers, that's not a big deal at all
4. Build your website... sort of
People always worry about having the most cutting edge website and the best logo and they also think it will cost thousands for the design and hundreds for the logo, which isn't true at all.
You can buy your domain with privacy, set up hosting with a dedicated IP, purchase a theme and get a logo made for under $235 or less
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Cristian
But seriously, finding a manufacturer is vital if you want to start an eCommerce business. I've heard a lot of good reviews coming from people that choose China based manufacturers. I even have a couple of friends that recently started selling on Amazon and the process of finding manufacturers as well as creating a somewhat custom product was fairly easy, but selling on Amazon is easier than selling on your own eCommerce website.
So the first problem is producing the product I want exactly the way I want it. I also need to make sure I buy the product from the manufacturer at a decent price so I can re-sell it and make a profit myself. The second problem is delivering those products once I get my first orders, and trust me, as far as shipping products go, I know virtually nothing about, this niche is a total mystery to me. I guess certain national contracts can be implemented fairly easily but I have no idea about international deliveries and shipping. My biggest problems are number 2 and number 5 everything I can figure out just fine. I have a couple of products I may want to launch and I'm sure are capable of turning a profit around, in the worst case scenario I'll just earn my investing money back and won't get rich. hehe. But seriously, finding a manufacturer is vital if you want to start an eCommerce business. I've heard a lot of good reviews coming from people that choose China based manufacturers. I even have a couple of friends that recently started selling on Amazon and the process of finding manufacturers as well as creating a somewhat custom product was fairly easy, but selling on Amazon is easier than selling on your own eCommerce website. So the first problem is producing the product I want exactly the way I want it. I also need to make sure I buy the product from the manufacturer at a decent price so I can re-sell it and make a profit myself. The second problem is delivering those products once I get my first orders, and trust me, as far as shipping products go, I know virtually nothing about, this niche is a total mystery to me. I guess certain national contracts can be implemented fairly easily but I have no idea about international deliveries and shipping.
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