Important considerations to setup ecommerce website

Posted by peterjohnpofi on August 20th, 2018

Online ecommerce world is getting bigger every day. With millions of online shopper’s spending money in shopping online every year, there’s never been better time to start an ecommerce business. If you’re thinking about starting an ecommerce business and selling products online, use this checklist to win the ecommerce business world.

Starting an ecommerce business is as easy as shopping online nowadays with readymade ecommerce marketplace.

Business name

First thing to do is choose best and catchy business name that no one else is using. You can conduct corporate name search to ensure it’s not in use already. After choosing the name, register it for owning your business name.

Domain name & website address

It’s best to get your business name as your domain name. If not possible, choose URL that’s easy to spell and relate to your business. If you own business related to online clothing, choose something similar to clothing.

Design of your ecommerce website is the major expense you have. You should ensure that it’s not only appealing but also fully functional. There are out of box ecommerce solutions to begin with, but you may need custom made ecommerce platform than basic. You can customize it as per your business requirements and budget.

Register your business

There are many options when it comes to business structure

• Sole proprietor
• Partnership
• LLC
• Corporation

If you don’t choose a business structure like corporation or LLC you will be considered as sole proprietor.

Get your Employee Identification Number (EIN)

This is like business social security number. It’s unique that identifies your business and helps you file important paperwork. You will need EIN to open business bank account and file your business taxes.

Business license and permits

Operating an ecommerce business does not exclude you from needing certain business licenses and permits. Check with your city, region to see sales tax licenses you need to get approved before starting online ecommerce business.

Find the right vendors

Selling your ecommerce products online is quite competitive one. Before starting an ecommerce website, it’s wise to find best quality products with prices. Shop around these best products until you find right vendors you want to do online business in ecommerce.

Social media marketing

It’s good idea to set up social media profiles and writing content for your blog so you are not starting from scratch Day 1. Set up your website with “coming soon” page who are interested can sign up to get updates.

Make sure your business stays compliant

Once you are launching with ecommerce business, things are going to move at speed of light. Don’t overlook filling your annual report, if you incorporate or filled an LLC nor those annual fees for business permits.

Can you check all of these items off your list? Great! It’s time to launch your own ecommerce business. Having done all the preparation up front, your eCommerce business will skyrocket.