Mistakes to Avoid When Launching an Online Shop

What mistakes are most often made when opening an online store? In this post, we have made a selection of the most common mistakes and have offered specific tips on how to avoid them. Keep reading to know how to successfully launch your online business without overpaying a dime from your pocket.

There Should Be No Problems in Your Pipeline

According to statistics, around 80-88% of young online stores are closed during the first year of their operation. In order not to be among them, it is better to keep in mind the most common mistakes that the novice entrepreneurs make: 

  • Wrong business goal formulation;
  • Choosing the wrong niche;
  • The lack of an action plan.

Let’s dive into detail so that you have an idea of how to prevent the above from happening and how Shopify web developer can help. read more

5 Things to Consider When Opening an Online Store

Launching an e-commerce project is a complex task regardless of its tech specs, product roadmap, and niche. This is especially true if you have no experience with a similar project in the past and don’t know what it takes to successfully run an online store. If you have a clear vision and understanding of all the pitfalls associated with this business. In this post, we will share with you all the necessary things you need to consider when launching an online shop.

Step 1. Creating a Business Plan

To assess the prospects of the online store and successfully implement them, it is important to write down all the features of the project. When creating a business plan, you will think about issues that no one has enough time to take care of. An online store business plan is needed to:

  • Set realistic goals;
  • Analyze the prospects of the chosen niche;
  • Study the main competitors in the industry and understand what your unique selling point is;
  • Determine the start-up capital and prescribe what you will spend it on;
  • Describe the difficulties that may arise in the online store and ways to solve them.

Step 2. Choosing a Niche

It is important to choose the right niche for an online store. Entrepreneurs who consider this step as a secondary task are mistaken and will probably fail in their business. Several criteria will help you understand that choosing the right niche: read more