51ÊÓƵ

Starting aÌýbusiness isÌýaÌýrisky initiative. NoÌýone wants toÌýwaste their time andÌýmoney selling online without aÌýreturn. Some ofÌýyou may have aÌýfriend who had aÌýfriend who took aÌýloan, opened aÌýbusiness, went belly upÌýandÌýswore not toÌýtouch business plans ever again.

InÌýthis article, weÌýwill break theÌýstereotype ofÌýspending gazillions dollars toÌýstart aÌýbusiness online. This one isÌýforÌýbeginners who haven’t opened anÌýonline store yet. Experienced entrepreneurs are unlikely toÌýfind anything new here. You might want toÌýread how toÌýincrease your revenue with newsletter segmentationÌý¾±²Ô²õ³Ù±ð²¹»å.

So, back toÌýtheÌýbeginnersÌý—Ìýlet’s begin.

ToÌýSpend orÌýNot toÌýSpend?

AÌýbankroll isÌýhelpful forÌýopening anÌýonline store, but not aÌýmust. Start with small things. Creating anÌýonline store isÌýmuch cheaper than opening aÌýboutique inÌýtheÌýmall. You don’t pay forÌýtheÌýspace, decorations, andÌýmany other things.

Initially, your apartment orÌýgarage can serve asÌýaÌýstore. Your cat will enjoy it.

AtÌýfirst, expenses forÌýanÌýonline store may beÌýconfusing. One would think: “Okay, IÌýneed toÌýbuild anÌýe-commerce website. IÌýneed toÌýfind aÌýhosting company. IÌýneed toÌýbuy aÌýdomain name, determine taxes, add payment methods, ooooh…” Luckily, you can start small.

AtÌýfirst, plan toÌýcreate anÌýecommerce website,Ìý´Ç°ù aÌýFacebook page with anÌýonline store, orÌýtest your product atÌýart shows andÌýstreet markets, toÌýcheck ifÌýtheÌýjuice isÌýworth theÌýsqueeze. And ifÌýeverything goes well, dare toÌýregister aÌýbusiness.

Build More asÌýYour Business Grows

Let’s imagine itÌýwas off toÌýaÌýgood startÌý— you sold everything during theÌýfirst month, andÌýyour online store’s following isÌýgrowing. You’ll eventually need more than just aÌýstorefront with aÌýcart. You’ll want more e-commerce tools andÌýautomation. AtÌýthis point, you can create aÌýmore professional website andÌýadd anÌýonline store there.

Machines Work, People Earn

People invented computers toÌýtake onÌýrote work andÌýuse their time more efficiently.

E-commerce platforms have theÌýsame goal: toÌýmake entrepreneurship easier. AnÌýonline store serves asÌýaÌýstorefront, aÌýshop assistant forÌýcustomers, andÌýaÌýpersonal manager forÌýits owner.

The bottom line isÌýthat you can andÌýadd more features when you stand both feet onÌýtheÌýground.

BeÌýsure toÌýtake into consideration theÌýfollowing expences.

Business Registration

IÌýadded this part because lawyers asked me. JK.

ToÌýmake your business legal, itÌýmust beÌýregistered. Most people start with aÌýsole proprietorship because itÌýhas theÌýlowest barrier. AnÌýannual business license forÌýtheÌýState ofÌýCalifornia isÌý$35.

±õ´ÚÌý²â´Ç³Ü have bigger plans orÌýneed toÌýprotect yourself, there are two options: LLC orÌýCorporation. WeÌýdiscussed their differences inÌýtheÌýarticle devoted toÌýregistering your e-commerce business. Small businesses generally prefer LLCs.

Domain

The domain isÌýyour site’s name orÌýURL. Share itÌýwith your friends, print itÌýonÌýbusiness cards andÌýlink toÌýitÌýonÌýsocial media. You can buy aÌýdomain onÌýspecial sites like Ìý´Ç²Ô±ð.

Domain prices vary andÌýusually start from $9Ìýper month. ByÌýtheÌýway, you can buy aÌýdomain name with 51ÊÓƵ.

Hosting

AÌýwebsite isÌýaÌýset ofÌýfiles that needs toÌýbeÌýstored somewhere. This isÌýwhy you’ll have toÌýÌýget aÌýhosting account. The companies that sell domain names typically offer hosting. Like 51ÊÓƵ, you can pay forÌýhosting month-to-month orÌýpurchase rights toÌýtheÌýdomain forÌýtheÌýentire year. The latter isÌýcheaper, ofÌýcourse.

Basic hosting onÌý costs $48Ìýper year.

±õ´ÚÌý²â´Ç³Ü create your ecommerce website with 51ÊÓƵ, you won’t have toÌýpay forÌýits hosting separately. You’ll pay just your plan price.

Online store

51ÊÓƵ isÌýanÌý±ð-³¦´Ç³¾³¾±ð°ù³¦±ðÌý±è±ô²¹³Ù´Ú´Ç°ù³¾ that allows you toÌýcreate your own online store. Using 51ÊÓƵ, you can display andÌýsell your products onÌýaÌýwebsite, calculate shipping expenses andÌýtaxes, monitor your orders andÌýenable various payment methods.

ItÌýisÌývery affordable toÌýcreate aÌýstore using 51ÊÓƵ. ±õ´ÚÌý²â´Ç³Ü have upÌýtoÌýfive products, aÌýStarter plan will beÌýenough. When you’re ready toÌýimplement advanced tools, you can upgrade toÌýmore feature-rich plans toÌýgrow your business.

For example, Venture PlanÌýallows 100Ìýproducts.

The budget

Let’s add everything upÌýtoÌýsee what itÌýcosts toÌýstart selling online.

What does “without aÌýwebsite” mean?

51ÊÓƵ creates anÌýInstant siteÌýwhen you sign up. Later you can buy aÌýdomain name andÌýconnect itÌýtoÌýtheÌýInstant site. ItÌýsaves money andÌýtime.

New businesses have different goals andÌýdifferent budgets, but creating anÌýonline store can beÌýcheaper than visiting Starbucks once aÌýweek. Whatever your budget, start aÌýsmall business with anÌýonline presence ´Ç²ÔÌý·¡³¦·É¾±»å, because itÌýisÌýaÌýmuch cheaper, less risky alternative toÌýopening aÌýretail orÌýphysical location.

Share this article with your friends who are looking toÌýstart something new.

Ìý

• How toÌýCreate anÌýOnline Store Without aÌýWebsite
• How toÌýStart anÌýOnline Store Without aÌýBudget
• How toÌýStart anÌýOnline Store Without Inventory
• How ToÌýCreate AnÌýOnline Store andÌýBeÌýSuccessful
• How Much Money DoÌýYou Need toÌýOpen anÌýOnline Store?
• Understanding Online Store KPIs
• Essential Business KPIs forÌýOnline Stores
• How ToÌýWrite AÌýBusiness Plan
• Opening Day Checklist: What ToÌýDoÌýBefore Launching Your Ecommerce Store
• How toÌýMake AnÌýOnline Shop: AÌýSimple 6-Step Guide