Sellfy, just like many other ecommerce solutions in this guide, offers tons of fabulous features. So, if you’re looking for any of the following, consider using this program:
- A customizable storefront
- Built-in email marketing
- Facilities for offering customers coupons and upsells
- Advanced analytics
- Instant payouts
- Secure Checkout
These are just a few of the many features Sellfy have to offer!
Is Sellfy suitable for me?
If you want to get your ecommerce store up and running in a matter of minutes, then Sellfy’s ideal. They claim that their users can build a fully functioning store within as little as five minutes! So, in no time at all, you can market your products via your website and social media profiles, and start bringing in those all-important sales!
Read our full review of Sellfy.
Try Sellfy for free here.
Just selling items on your online store, limits the potential of how much money you’ll make.
With inventory management software it’s never been easier to manage your stock across multiple channels. Which means you can concentrate on what matters most, selling more products!
Here’s a short list of marketplaces, you should consider using alongside your online store.
eBay – People have the assumption that eBay is purely for C2C businesses, but that’s not the case.
There’s a whole host of B2B and B2C transactions happening on this site. If a product isn’t selling well on your website, try putting it on eBay as an auction to recuperate some money back.
Amazon – There isn’t an awful lot that Amazon doesn’t sell now, so even if your idea for a product hasn’t been done before there’s a place for it on Amazon!
With around $90,000 being spent on Amazon every minute around the world it’s imperative you list your products here.
Etsy – Etsy in an online marketplace that’s ideal for anything handmade. It specializes in the vintage and unique!
Etsy has a fantastic community vibe to it and is excellent for building a good reputation as a seller.
Alibaba – Alibaba is a marketplace for manufacturers, suppliers, exporters, importers, buyers, wholesalers, products and trade leads
A considerable advantage is that you have access to countless suppliers who sell pretty much any product you can think of it. If you don’t have an original idea and just want to start of selling, then check out Alibaba.
Where Can I Source Products for My Ecommerce Business?
There are tons of places to source top-quality products to sell on your ecommerce store. However, these tend to fall into one of three categories: Manufacturers, drop shippers, and wholesalers.
For more information on all of these, check out our other articles:
A manufacturer is a company who creates its own merchandise and sells it to any of the following:
- Individual consumers
Traditionally, manufacturers create and assemble products on a larger scale so they’re ready for distribution. On the whole, it doesn’t matter whether you purchase goods via an ecommerce store or in a conventional brick and mortar store, the goods will have labels displaying where the merchandise was created (i.e., where the manufacturer is based).
There are three types of manufacturers:
- Made to Stock: This kind of manufacturer produces goods to be displayed in showrooms or shelves. As such, the manufacturer can usually predict the demand and therefore builds its products in advance. That way they’re far less likely to run at a loss.
- Made to Order: This branch of manufacturing does precisely what it says on the tin- they produce orders as they come in. Just like the Made-to-Stock business model, the inventory is pretty easy to handle. There shouldn’t be too much loss because they only create products when a specific order comes through. However, as such, customers have to wait longer for their stuff to be delivered.
- Made to Assemble: Last but not least, this is when a factory only produces the essential parts needed for the user to assemble the finished product themselves- a bit like Ikea! This is best for companies who want to fulfill customer orders quickly. However, it’s a little riskier than the others because you can end up with loads of unneeded parts.
In theory, drop shipping sounds simple.
All you have to do is launch your own ecommerce shop and then reach out to suppliers. You then take orders from customers to which you’ll pass onto the said supplier. They then ship your customer’s orders directly to them.
This is a fantastic business model for entrepreneurs who don’t have space or the budget to stock masses of inventory. Plus, it minimizes the overall risk. With drop shipping, you don’t have to spend any money before the customer pays you – which is ideal for business owners running on a tight budget!
Out of using the services of wholesalers, drop shipping, and manufacturers- wholesalers are probably the hardest to handle. The system isn’t very well structured. It’s just an extensive list of random suppliers, and in some cases, they’re dotted across the globe.
This means you need to do some research and find out how these wholesalers are structured.
Some of the better ones include AliExpress or Alibaba. These resources enable you to research which products are the most popular, so you’re more likely to find goods your customers actually want to buy.
You can also do all the following with these websites:
- Filter products,
- Source product photos,
- Find detailed information about the supplier,
As you go through wholesaler directories and conduct your research, ensure all potential suppliers show a good track record of delivering their goods on time, offer a reliable point of contact, and produce top-notch products.
What Kind Of Budget Do I Need To Start an Ecommerce Business?
You can literally start from $0 and start making money using ecommerce.
Don’t believe us?
Here are a couple of articles that show you how:
If you don’t have time to read these articles, here are a few highlights to help you kickstart your venture:
- Choose the right ecommerce platform for your business
- Use responsive design
- Ensure your online presence always makes a killer first impression
- Upload top-quality product photos
- Ensure your ecommerce site’s easy to navigate
- Create a USP (Unique Selling Proposition)
- Start a blog on your ecommerce store
- Create a compelling ‘About Us’ page
- Optimize all your content for SEO
- Laser target your ideal audience
- Utilize live chat to improve the quality of your customer service
- Use coupon codes
- Ensure your shopping cart experience is user-friendly
- Have and execute an effective shipping strategy
- Get feedback from your customers and make necessary improvements
- Ensure your site’s secure
- Use social media to boost your brand and drive traffic to your ecommerce store.
- If you’re not already, have a referral program in place.
What Kind of Ecommerce Business Can I Start?
If you’re interested in kickstarting your own ecommerce store, but don’t know where to begin, we thoroughly recommend reading the below articles. They’re sure to fuel you with inspiration:
Once you’ve read through these guides, you should have a better idea of the kind of ecommerce store you want to launch yourself.
How do I start an Ecommerce Business?
When you start an ecommerce site, you realize that there are loads of items that need to be checked, cross-checked and tested to ensure that your customers have a good experience. That’s why we put together an expansive checklist for new ecommerce sites.
Often, the largest obstacle that business owners face is being unfamiliar with the process, So we put together a post on ten easy steps to learn how to open an online store, whether you already sell products in a brick-and-mortar location or you’re starting an online business from scratch.
Are you sitting around with a sweet new product idea and you want to start selling it online? Have you been trading in a brick-and-mortar shop and now you want to bring your business online? The solution is building an online store, so I want to show you how to start an online shop in just 15 minutes.
What is a hosted eCommerce Platform?
Now that online shopping is more popular and valuable than ever, plenty of companies are finding new ways to sell online. Selling online can be a very profitable experience. However, just like in any field, it’s important to make sure that you know where you’re going to get started before you jump in and sell your products.
For instance, one major decision that companies need to make is whether they’re going to invest in self-hosting, or hosted websites. Self-hosted ecommerce tools give you the code you need to develop your online store. However, you need the skills to make sure that everything works as its supposed to. That puts more pressure on you from a business development standpoint, but it also means you have more freedom to customize your store too.
The other option is to use a hosted ecommerce platform, which gives you more support in building your business. This includes using a website builder and a hosting space that you can put your online store in. With a hosted website, you don’t have to do as much work from a developer standpoint. The company you buy from will set everything up for you. However, there is less control available for you.
What is a SaaS Ecommerce Platform?
A SAAS or Software as a Service ecommerce platform simply means that everything you need to run your company is delivered over the internet. This is the most common way to access important business building tools today. SaaS platforms permit you to abstain from introducing and downloading the complicated software that you need to build a website from scratch. This also frees you from the worries that come with securing your website.
Probably the best thing about a SaaS platform is that your solution isn’t introduced on-premise or maintained by the client. Your eCommerce framework runs on the SaaS supplier’s servers. Your outside supplier at that point is responsible for security, execution, and upkeep of the application on the servers.
There’s a wide range of SaaS platforms that that offer unique business capabilities. SaaS ecommerce platforms are only a small part of the SaaS business. Ordinarily SaaS solutions are delivered on a membership basis. Clients pay for a monthly expense dependent on the level of service and number of clients. This authorizing model is normally a route for vendors to have constant access to their eCommerce platform at any point.
What are the Benefits of Ecommerce?
If you have a real physical store, you’ll often be limited by the location that you can provide service to. With an eCommerce site, there’s no limit to what you can accomplish. Unlike with a traditional business, your online store means that small businesses can deliver their products all around the world. What’s more, running your company is often cheaper, because you don’t need to pay for a physical premise to set up your store in.
An eCommerce business also reduces costs in other ways depending on the strategy that you choose. For instance, if you choose the dropshipping model, then you won’t have to pay for the sting of storing your own products until a customer is willing to buy them. Additionally, there’s no need to travel to other company premises if you’re a B2B business demoing products. You can simply send your goods and services over the internet.
With an eCommerce business, you can stay open all of the time, constantly delivering new value to the customers that you want to serve. What’s more, there’s plenty of freedom to let your company change and grow over time. You might decide that there are new and different kinds of products that you want to sell. If that’s the case, you can simply add them to your online store without having to move to a bigger business premises.
How much does it cost to launch an ecommerce website
The best way to calculate the cost of developing your ecommerce website is to get online and compare the costs associated with a number of platforms, add-ons, tools, and anything else that you might need to pay for. Remember, there are more costs to consider with eCommerce platforms than just the monthly subscription for your tool. From using an electronic data interchange, to working with payment providers, the cost of your ecommerce business will depend on the definition of e-Commerce that you use.
For instance, if you’re hosting your own website, then you’ll need to pay hosting costs. You’ll also need to think about things like professional services from experts. You might want to use a premium theme or have someone design a theme for you to make your website stand out. You could also decide to add extra features to your store, like a membership section where you can collect loyal customers.
Some other fees to think about include:
- Payment processing costs
- Point of sale systems for offline selling
- Add-ons and extensions for your website
- Transaction fees
- Domain name purchases
- Marketing and advertising for your website
- Social media costs
- The price of email marketing tools
- The costs of sourcing products to send to your customers
- Shipping and management costs for physical products
- Fees for updates and maintenance for your website
- Security costs and SSL certificates
The overall cost of your website is likely to be pretty low initially. However, as you continue to develop new sales opportunities, your prices may grow.