Steps To Open An Online Store

Online businesses are growing much faster than traditional stores. If you want to learn how to set up an online store, we’ve listed some tips that will help you build your business. If you already have a company and market your products physically, you can also take a few steps by expanding your sales and Open an online store (เปิดร้านค้าออนไลน์  which is the term in thai)

Know that to create e-commerce does not need an exclusive license, but you must have a business plan and formalize your company. Just like a physical store, you will have legal and tax obligations. To set up an online store, you will need to create your website, purchase a domain (address) and a hosting.

Steps To Take To Open An Online Store

·         Formalize Your Business

Before you understand how to set up an online store, you need to choose a legal framework for your business, such as an individual or limited liability company.

·         Conduct Market Research

Do you have an excellent idea for a product that will market in your online store, but you have not done market research yet? Do not neglect this vital stage of your business. Consider market research as an investment in the future of your company. If you have to make the necessary adjustments to your product or service early on, you will save money in the long run.

·         Determine a Sales Price For Your Product or Service

When running a new business, setting a price for your product can be one of the most challenging parts. If the price is too low, the time and effort you put into your online store may not bring the desired return. If you are too tall, your business may be uncompetitive.

To get the right price, you need to find out how much customers are paying or how much your competitors charge similar products or services. You can equip or exceed them, but you need to make sure that all your costs – direct and indirect – will be covered.

·         Plan the Logistics of Your E-commerce

  • When you market products, you should study delivery logistics for your customers. Setting up the online retail system, supply chain, logistics, and electronic payments and cash is not an easy task as the e-commerce company itself must do all of this.