If you want to start making more money online as well as offline, there are many exciting solutions available to you. The global pandemic has forced more retailers into embracing eCommerce, and many of these are experiencing more success than predicted.
Make your venture a success
There are several steps you need to take if the eCommerce part of your business is to be a success. You need to get a firm idea of what you want to sell online, decide where you want to sell it, decide which payment solutions you want to support and optimise your inventory management skills. You may need to work more closely with your suppliers and you’ll need to make sure people are actually aware of your eCommerce solutions. You can achieve the latter by building a strong social media presence and telling your followers about the products and services that you’re selling online.
Do I need to sell everything online?
You may not wish to sell everything you stock offline online. To decide which products and services to sell online, find out which ones sell the best at your store. You then need to highlight these in your online store. By enhancing your inventory management skills, you can reduce the chances of running out of your most popular stock. The more experienced in running an eCommerce solution you become, the easier it will be to predict demand so you’re not purchasing stock that simply sits on your shelves for months on end. Sometimes, smaller is better. Consider only offering a selection of the products that you offer online to avoid overwhelming your customers with choice. This will help you deliver a better customer experience and encourage customers to come back to you.
Choose the right eCommerce solution
Once you have a website, you can pick an eCommerce platform. There are scores on eCommerce solutions for you to choose from. It’s a good move to spend time researching these and finding out which have the best reputation. It should be as easy as possible for your customers to complete transactions on your site. The right solution will make it easier for you to upload and amend product information. If you don’t have substantial web development skills, you can outsource a lot of this work to trusted professionals.
Choose a reputable distributor
You will also need to find a suitable distributor for your products if you decide to sell them online. Spend sufficient time choosing the right distributor. If they provide a substandard service, this could reflect badly on your own brand. Moving from one distribution partner to another can be a complex, challenging one. This means it’s best to try and get it right first time so you can avoid running into problems later.
Promote your products
Finally, make sure your customers know about your online offering. You can achieve this through promoting your products on social media, adding informative and engaging content to your site, embracing the world of email marketing and investing in SEO so your site ranks well on the leading search engines.
Open an account and start making faster payments in hundreds of currencies
If you have any questions regarding our payment capabilities please take a look at our FAQs. If the answer isn’t there please feel free to contact us.