All praise is due to Allah who forbidden usury and permitted business. Peace and blessings be upon the one after whom there is no any other prophet and the holy book Quran had been revealed upon whom.
Electronic commerce, in short e-Commerce is now dominating the world trade. Day after day commence approach in the electronic system by dint of internet. E-Commerce brought much more potential to eradicate unemployment problem in Bangladesh. It needs less initial investment in a e-Commerce business. One can start it simply through a Facebook page which is called Facebook commerce, in brief f-Commerce. Though it need less initial investment it demands much knowledge and patience to start and continue an e-trade. It needs both business and ICT knowledge.
Here are some tips for them who are wishing to be an e-commerce entrepreneur.
1. Find your passion.
The way of becoming a successful entrepreneur is not an easy task. You have to go through many ups and downs. So, at first you should find your passion. What would you love to do? What's thing are you interested in?
If you don't work with your passion then you might be exhausted after a while and come back. So firstly find your passion.Working with passion is most important to keep you motivated on your work. If you work what you have passion in, you will feel joy however you have face difficulties on your way.
2. Product or service selection.
Based on you passion, you should now select your product or service you want to provide people. Perfect product selection is much more important to reach the apex of your success.
Don't think that Mr. X are making more revenue selling electronic gadgets, so I will also sale electronic gadgets. Or don't decide that you will sale women's dress only to see Mr Y's success.
Select your niche product or service based on your knowledge , interested and passion.
3. Research your selected product or service.
After you have selected your product or service the next thing you have to do is to research your product. Gather much knowledge about your product or service you are going to sale. As much you know about your product as much you get profits from it.
4. Look for your target customer.
Your profits will come from your customer. So, look after your customer and find them out before start your business. Know about your customer. Where do they live? What do they have? How is their ability?
Collect customers information as much as possible. Be familiar with them and earn their trust before go to sale.
5. Look for your competitor.
Find your competitor and research them. Learn from their mistake and challenges they faced. See what offer they offer to their customer and how their service. Try to make a good relations with your competitor before you start your business. They are experienced and expert in the sector you are going build a career. So, evaluate your competitors.
6. Target market.
Target market is most important point to grow your business. Before you start your business you should research and analysis your target market. What is your market volume and who are your competitors and who are your potential customer?
Based on market analysis you have to fix your business tactics. How will your enter in your market and how will you survive among your competitors?
7. Choose a name for your business.
After you have completed these aforementioned functions now you must need to have a name for starting your business. It's very important point too. Choose a name related to your product or service so that your potential customers find your motto by your name.
Don't go behind a long name for your business. Choose a short but easy to remind and related to product name. Your name one-day will be a global brand. So choose it wisely.
8. Registrar a domain.
When you choose a name for your business you must should check if this domain available. If you have no domain related to your business name then you can't go ahead in e-commerce sector. In e-commerce business a domain is much more important.
Domain, in another word URL or web address is needed when you lunch a website for your e-commerce business.
So, name choosing and domain registration, these two task are most important for your business. You should do these at a time. Because there a lot of website and everyday many domains are being registered. So, if you choose a name today and go or buying the domain tomorrow you most probably won't get the domain. So choose these two at a time.
Here are some domain provider website link below.
Godaddy
Namecheap
NRHosting
WebHostBd
9. Create a Facebook page.
Facebook is such a social media what is being used world wide and all classes people are engaged with Facebook. The easiest way to find your customer is Facebook. Before lunch a website, create a Facebook page.
10. Start uploading your content.
After creating your Facebook page start to write content related to your product. It takes you to your customer. Before start to sale, represent yourself before your target audiences.
According to my little knowledge, these 10 points are so much important for staring an e-commerce business. Apart from these 10 points you also have to have trade license and a business bank account. I will later discuss about others important points which are important after your start your business.
Best wishes for all.
Allah Hafej.
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