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Making profits with your existing website design or
creating a new online store can be exciting, affordable
and most of all; rewarding. Mmmm . . . that's what the
last sales guy told me.
What is eCommerce (or selling via the Internet)? It
is similar to selling through a physical building's
business storefront, with one big difference: the costs
for eCommerce are lower. The lower costs alone make it a
lot more affordable for someone to start up a business
or expand their storefront business onto the
Internet.
So, the cost to do online business depends on how
much time and effort you are able to put in and the
eCommerce developer you choose to work with. Generally,
developers should try to enable their clients to be as
independent as possible in areas such as daily site
updates, processing online orders, customer feedback and
low or no cost (except time) online marketing.
Hosting costs are determined by: the amount of 1)
server space you require for product photos, e-mail
accounts, and 2) bandwidth - the more customers that
visit your store, the more bandwidth you will require.
Typically an online store setup may cost $15 to $90 per
month for hosting.
Other costs include online store program and
designing the storefront. There are many programs to
choose from with some being free to some costing
thousands. As with anything you buy, you do get what you
pay for. Clients like to use online store setups that
are easy for them to use when they need to do product
updates and simple design changes. That way the initial
higher cost for the client's online store will be offset
by ease of use and low maintenance costs to operate over
the long term.
Next we have graphical design costs, that can range
from $70 for a pre-designed store template to a built
from scratch setup that can cost $500 and up. If you
have only a few products I would suggest starting with
the pre-designed store template as the cost is low and
the look is quite professional, with only a small amount
of time required to input text and make some minor
modifications to suit your requirements. If you have
quite a few products and they are quite different from
each other, you may incur more cost to develop the
graphic design as each product category will have a look
designed just for that category.
Finally, we need to open up the store for business:
market the store and bring in some customers to buy the
products. As mentioned earlier, there is no-cost
marketing that can be done. For example, the site can be
submitted to the primary search engines, adding the
store listing to online directories that are relevant to
the product or service, and exchanging store links with
other sites that are similar but not direct competition.
What are we selling? When your starting out with a
new product, try to stay with a unique product that is
light in weight, as shipping costs are often overlooked
in starting up an online business. If you already have
existing products to sell, revisit shipping costs and
see where you can find savings.
I find most business owners sell what they are most
passionate about. Some of your present hobbies or
interests could sell as the end product, as items
purchased by other people. Some of the most successful
online stores are a result of one's passion and desire
to share their dream with others and if done logically
and thoughtfully with a good web developer, can result
in financial rewards at a low investment cost through an
online store.
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