{"id":287,"date":"2016-03-09T02:40:17","date_gmt":"2016-03-09T02:40:17","guid":{"rendered":"http:\/\/www.1websdirectory.com\/blog\/?p=287"},"modified":"2016-03-09T02:40:17","modified_gmt":"2016-03-09T02:40:17","slug":"9-point-checklist-to-create-an-ecommerce-business","status":"publish","type":"post","link":"https:\/\/www.1websdirectory.com\/blog\/9-point-checklist-to-create-an-ecommerce-business","title":{"rendered":"9 Point Checklist to Create an Ecommerce Business"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<label class=\"ez-toc-title\" style=\"cursor:inherit\">In this Article<\/label>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.1websdirectory.com\/blog\/9-point-checklist-to-create-an-ecommerce-business\/#You_can_use_our_9_point_checklist_to_start_your_Ecommerce_business\" >You can use our 9 point checklist to start your Ecommerce business:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.1websdirectory.com\/blog\/9-point-checklist-to-create-an-ecommerce-business\/#Starting_with_a_Great_Business_Name\" >Starting with a Great Business Name:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.1websdirectory.com\/blog\/9-point-checklist-to-create-an-ecommerce-business\/#Acquire_Domain_Name_and_Website\" >Acquire Domain Name and Website:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.1websdirectory.com\/blog\/9-point-checklist-to-create-an-ecommerce-business\/#Employer_Identification_Number_is_a_Must\" >Employer Identification Number is a Must:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.1websdirectory.com\/blog\/9-point-checklist-to-create-an-ecommerce-business\/#Get_a_Business_Checking_Account_and_Business_Credit_Card\" >Get a Business Checking Account and Business Credit Card:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.1websdirectory.com\/blog\/9-point-checklist-to-create-an-ecommerce-business\/#Apply_for_Business_Licenses_and_Permits_from_your_State\" >Apply for Business Licenses and Permits from your State:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.1websdirectory.com\/blog\/9-point-checklist-to-create-an-ecommerce-business\/#Hiring_the_Right_People\" >Hiring the Right People:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.1websdirectory.com\/blog\/9-point-checklist-to-create-an-ecommerce-business\/#Finding_the_Right_Vendors_to_Work_With\" >Finding the Right Vendors to Work With:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.1websdirectory.com\/blog\/9-point-checklist-to-create-an-ecommerce-business\/#Start_Your_Marketing_Campaign_Early\" >Start Your Marketing Campaign Early:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.1websdirectory.com\/blog\/9-point-checklist-to-create-an-ecommerce-business\/#Create_a_Stock_Inventory\" >Create a Stock Inventory:<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>According to PwC\u2019s \u2018<a href=\"http:\/\/www.pwc.com\/gx\/en\/industries\/retail-consumer\/global-total-retail.html\" target=\"_blank\" rel=\"noopener nofollow\">Global Total Retail Survey 2016<\/a>\u2019 where it surveyed close to 23,000 consumers worldwide, close to 54% of them buy products online on a weekly or monthly basis. With digital disruption causing a major stir in the retail industry landscape.<\/p>\n<p style=\"text-align: justify;\">The speed of technology adoption has raised the stakes for both retailers and consumers on both fronts. Ecommerce business is seeing a lot of traction with close to 206 million shoppers will be spending money online this year. Industry experts believe, if you are thinking about starting with your own ecommerce business, then this is the right time to start and sell products online.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"You_can_use_our_9_point_checklist_to_start_your_Ecommerce_business\"><\/span>You can use our 9 point checklist to start your Ecommerce business:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Starting_with_a_Great_Business_Name\"><\/span><strong>Starting with a Great Business Name:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<p style=\"text-align: justify;\">After you have decided to sell a certain product \/ service online, then next thing you have to do is to choose a great business name that no one else is currently using.\u00a0 Make sure you are conducting corporate name search so that no one else is using it or already patented the name. The next logical step after is to register your business name. The place where you are registering will either give you LLC or Corporation status. But it would be great if you create a limited liability company (LLC) as it provides protection in case you are sued down the line for various reasons.<\/p>\n<ol start=\"2\">\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Acquire_Domain_Name_and_Website\"><\/span><strong>Acquire Domain Name and Website:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<p style=\"text-align: justify;\">On many occasions, the domain name will be your business name, but if it is not available or is highly prized out, choose a URL which is easy to say, spell, and something that relates to your business. For instance, if your business is George\u2019s Recreations and Georgesrecreations.com domain name is not available, then re-word it to RecreationsbyGeorge.com and similarly you can do other combinations with your domain name and stay true to your business.<\/p>\n<p style=\"text-align: justify;\">Designing your website is one of the crucial aspects of your Ecommerce business. It has to be functionally and aesthetically appealing. Starting from a product landing page to the checkout should be a seamless experience for your customers. Moreover, your website has to have a responsive design that caters to most of the digital engagement platforms.<\/p>\n<ol start=\"3\">\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Employer_Identification_Number_is_a_Must\"><\/span><strong>Employer Identification Number is a Must:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<p style=\"text-align: justify;\">Your <a href=\"https:\/\/en.wikipedia.org\/wiki\/Employer_Identification_Number\" target=\"_blank\" rel=\"noopener nofollow\">Employer Identification Number<\/a> (EIN) is a must to open your business bank account and to file your taxes. The EIN acts as a social security number, which is unique to your business and helps you will lot of paperwork. If your business does not have an EIN then your business is not legal and will be prosecuted. Irrespective of whether you have employees or not, you need to have an Employer Identification Number.<\/p>\n<ol start=\"4\">\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Get_a_Business_Checking_Account_and_Business_Credit_Card\"><\/span><strong>Get a Business Checking Account and Business Credit Card:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<p style=\"text-align: justify;\">The first thing you have to do if you start any form of business is to separate your business assets from personal assets. So, first set up your business checking account and business credit card. Do a thorough check from small banks, credit unions, and large MNC banks to make sure you are getting the best deal. And when you are applying for a business credit card, check the interest rates, cash back and rewards and other objective reviews to determine which type of card you require.<\/p>\n<ol start=\"5\">\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Apply_for_Business_Licenses_and_Permits_from_your_State\"><\/span><strong>Apply for Business Licenses and Permits from your State:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<p style=\"text-align: justify;\">Just because your business is online, does not exclude you from requiring certain business licenses and permits from the state where you reside in. Check with local authorities and departments in your city \/ state to get a clear picture on sales tax licenses \/ home business licenses which you need to start your Ecommerce business in the right way.<strong>\u00a0<\/strong><\/p>\n<ol start=\"6\">\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Hiring_the_Right_People\"><\/span><strong>Hiring the Right People:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<p style=\"text-align: justify;\">Yes, this is one of the main aspects of your business. Hiring the right people from the beginning will set the ball rolling in your favor. With right people in charge at critical positions will help you to sort out your business critical work minimal supervision. By empowering your employees you will see more productivity and less employee retention.<\/p>\n<ol start=\"7\">\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Finding_the_Right_Vendors_to_Work_With\"><\/span><strong>Finding the Right Vendors to Work With:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<p style=\"text-align: justify;\">Do not procrastinate on this front. Finding right vendors for your products \/ services has to be on top of your priority list.\u00a0 Ecommerce business will have a lot of competition, so it is in your best interest to find the right quality and best quotation for the products you sell online. Do a thorough research on vendors until you find the right vendor who wants to do business with your for a long period of time.<\/p>\n<ol start=\"8\">\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Start_Your_Marketing_Campaign_Early\"><\/span><strong>Start Your Marketing Campaign Early:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<p style=\"text-align: justify;\">Do not wait till you get your business online. You can start early and give the feelers to your customers by creating your social media page and blog section to draw your customers more curious and interested and you are not starting everything from Day 1. Get your website up, even if it is not ready, just keep it with a \u201cComing Soon\u201d page, this ensures\u00a0 your users are more interested with your product and will sign-up for your regular updates.<\/p>\n<ol start=\"9\">\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Create_a_Stock_Inventory\"><\/span><strong>Create a Stock Inventory:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<p style=\"text-align: justify;\">Any Ecommerce business for that matter needs to stock their inventory to tackle unusual business demands and to ensure there is no missed opportunity. Your inventory can be your garage or a big warehouse elsewhere, make sure you have enough of inventory before launching your business. We know it can be tricky to know what will be the demand and how much of inventory needs to be stocked, but in general, it is good to have more inventory than not having enough of it. Even down the line pay attention to your sales cycle and you can be proactive in inventory management.<\/p>\n<p><strong>Conclusion:<\/strong><\/p>\n<p style=\"text-align: justify;\">Ecommerce business is completely changing the demography of the retail industry. Many who had a niche business are going online to reach a wider target audience and have found great success. And success in Ecommerce does not come easily; it requires hard work from beginning to the end. This medium is breaking the existing ceiling and pushing the barriers to new frontiers in online space.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>According to PwC\u2019s \u2018Global Total Retail Survey 2016\u2019 where it surveyed close to 23,000 consumers worldwide, close to 54% of them buy products online on a weekly or monthly basis. With digital disruption causing a major stir in the retail industry landscape. 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