Day by day, the e-commerce industry is booming rapidly. The young generation, as well as well-educated and creative women, are approaching the e-commerce sector to develop their careers. Though it’s a good sign, looking before you leap is better. So these are my personal opinions for those who are thinking of starting an online business:
1. Please don’t waste your money buying products about which you have no ideas, knowledge, or proper information.
2. Small investors should take time to get ideas and knowledge before investing from those who have experience with the same categorised business in the e-commerce sector. Investing money in any business is risky without a basic knowledge of this sector.
3. If you lack patience, it’s wise not to utter the word ‘online business’.
4. Usually, a new entrepreneur selects a product for his/her business. But it’s the wrong concept. One should select the target customers, before the product selection.
5. Proficiency in product quality control is mandatory. Particularly in the online sector. The product you are offering in the pictures as content must be the exact same item at delivery time to customers. If there is any variation in the picture due to the lighting effect, the customer should be informed before delivery of the order. If possible, the actual item’s colour can be explained with an example of anything related to the real world.
6. If you are a retailer (online entrepreneur), deal with your wholesalers about product quality. For example, if you find a defective product, then let it be the wholesaler’s responsibility to exchange it or take it to return.
7. Customer is always right. So, be a cool-headed person when dealing with them. It is better to forget the word ‘ego’ in online business. Solve the problems by avoiding conflicts with the customers as much as possible.
8. A reliable courier agency can be a source of better customer service. So, be careful about selecting a courier agency to deliver your product fast.
9. Product delivery shouldn’t be the end of the job. It is important to know the customer’s feedback about the product and service of your company.
10. Try to note down the mistakes related to your company’s product and customer service daily and resolve them at the weekend.
Motivation is essential for success in life. When this motivation comes from any typical l mother, sister, or brother born in our country, it creates significant value for our life. If you have proper knowledge of the language of e-commerce, the rules and regulations of different sectors, patience and skills, then you can assume that almost 50% of your work is done. Staying ahead, having patience, acquiring the proper knowledge, and understanding the various problems and solutions of online business directly and indirectly are necessary.
As small businessmen, we must take every step with prudence and awareness.
Small investors like us must remember that every penny counts, So you should only waste money with proper knowledge and experience about your business.
By looking at what and who you are investing in?
In our country, businessmen from the root level borrow money from various places. By taking risks on every side, they invest in multiple products. Because they consider this as their livelihood. After buying rice at the rate of Tk 60 per kg, when the market goes down, the businessmen find out their shoulders are filled with banks, NGOs and other loans.
On the other hand, in the last few years, online business has become a reliable place to invest money, even as a hobby. If you have money, invest it somewhere to make an income from your home. One person is doing online business, and ten people are inspired by observing that person’s business, and then they get involved in investment without thinking about profit/loss.
How to Starting An Online Business?
They need to think of the necessity of tracking how much money they buy, how much they sell, and how many products are returned in a month. Since goods are purchased in unaccounted cash and illegally, crores of rupees are not affected. This destabilizes the online market by selling products at low/high prices due to a need for proper knowledge. That is why many people think investing in large online markets is safer than hiding money at home.
Suppose grassroots-level businessmen start a business in an unplanned manner after being motivated by such big online business promotion, business marketing, fabricated reports and the glitter of some media workers. In that case, the debt money will have to be paid by selling everything in the future.
Therefore, deciding what, why, and for what purpose one will invest in the business should be the principal preparation for starting a business!
As a career online business is very inspiring and important topic now. If anyone wants to success in their career as an online entrepreneur then its a most informative article I think.
Basically a big amount of women in Bangladesh are housewife. Most of the time we noticed that they have good academic or education background but they have no scope to play a role in job sector. Because they have to take care of their family. Online business can solve thier problem and can give them identity.
Important post for new entrepreneurs. Knowing about your product and introducing yourself in the beginning, then starting a business is less risky. Besides, it is never right to make more investments at once Building a brand is easier if you run a business focused on one product.
This article is very important for those who want to start an online business. Online business is very good idea for career. Thank you so much for ten important points. By following these tips, anyone in the online business can get success.
Online business doesn’t require a lot of money. If the person who wants to work with the product in the online business. The person has enough knowledge about the product and can show the information about the product history, the production of the product, the use of the product, it is possible to gain the trust of the buyers in the online business.
This is a very useful article. It will be very helpful for those who are thinking of starting a new online venture. Consistent guidance is provided at each point. If you take it seriously and use it properly, it is only a matter of time before you do well in business. Thank you so much for writing this. It would be great if you consistently write more articles like this for new online entrepreneurs.
Online business is the best choice for a career in the modern era, especially for those who want to serve their products or services out of the area. E-commerce gives us a rich range of specific customers. Thanks for sharing your own opinion in this article. Please continue to share your knowledge and expertise with us.