Starting an eCommerce business can be an expensive undertaking, especially if you’re unfamiliar with the field, as per Maxwell Drever. You’ll need to purchase inventory, host a website, and pay for marketing, all of which require money you might not have at the start-up stage of your business.
However, if you take advantage of these inexpensive ways to start an eCommerce business, you can put your venture into motion without breaking the bank. And who knows? If your company takes off, you might make enough money to move up from this list in no time. Here are five great ways to get started on an eCommerce business without breaking the bank.
Inexpensive Ways by Maxwell Drever to Start Your Own Ecommerce Business
Get A Domain Name
According to Maxwell Drever, domain names are still a relatively inexpensive investment, starting at around $10/year. Getting a free domain name and hosting is a good option for people looking to start an e-commerce site with no capital. Companies like GoDaddy will host your website for free as long as you put ads on it. If you’re not opposed to putting ads on your website, it can be an easy way to get up and running without spending any money.
Pick an eCommerce Platform
The most inexpensive e-commerce platforms are open source, with built-in payment processing. According to Maxwell Drever, Magento and WordPress are two examples that can work well for small businesses. These software options also have great websites where you can research tutorials, ask questions, and find experts.
But be careful—the fact that these products are open source doesn’t mean they aren’t feature-rich or easy to use. Make sure you choose a platform that aligns with your vision as a business owner.
List Your Products on Amazon
Making money selling on Amazon starts with getting in early. The earlier you start and before your product is formally released, the better chance you have of getting it onto Amazon’s site quickly—and at a lower cost. As per Maxwell Drever, listing your product on Amazon isn’t all that expensive and can be completed for around $100.
You can also list any number of products for free on Amazon in about an hour! This makes it one of our top picks for inexpensive ways to start an eCommerce business.
Set Up Google Analytics and Google Webmaster Tools
Google Analytics and Google Webmaster Tools are free web-based software suites that will help you analyze your website’s traffic and how it ranks against competitors. They’re free, powerful, and make a huge difference.
Implementing analytics or webmaster tools takes 10 minutes at most—and can be done by just about anyone who can install plugins or configure settings.
Optimize for Local Search
Having a local focus is crucial for entrepreneurs looking to start their e-commerce store. Customers are increasingly searching for products based on location, which means optimizing your e-commerce store for local search is more important than ever.
The easiest way to do so is by using Google My Business.
Maxwell Drever Recommends trying Above Mentioned Tips If You Are Short On a Budget
Online retailing has evolved. These days, you don’t need a big warehouse, inventory, or even many products on hand to start your online store. There are many cheap and easy ways to set up an eCommerce business right now. We’ve put together a list of some different options that are pretty simple and cost-effective when it comes to getting your business off the ground.