The first step should be to check how much money will be required for the entire process and how much do you have in hand. The second step would be what product you want to sell online. This definitely should be one you like but before you choose the product you want to sell online, make sure you go through the competition statistics regarding it. For instance if you want to sell fashion garments, then you need to search which sector is least accessible on the net. Rather than selling big brands in your site, you can go for handicrafts or hand-loom fashion products which can give you a good customer line in future.
Planning About the expenses
If you are going for distributorship then the production cost should be the prime concern. But if you intend to sell products of different brands or companies, then you have to apply for their distributorship where the cost will vary. Moreover you have to include the tax amount involved for each product, the shipping cost of the product, employee fees both for back office and delivery and finally the cost for maintaining the domain and server.
Going For A Good Considerable Online Space
It is a prerequisite to go for a good and larger amount of domain space to include all the items that you want to sell. Online stores always grow based in the number of products that are sold, the count of which is always on the increase. At the same time many products are disabled with time as well. Hence you need to ascertain the maximum amount of space you will deal with from the beginning.
Designing The Online Store
Make sure that you have a very clear idea behind how you want to run your online store. Generating a high amount of traffic to your online store should be your prime concern which will have a direct affect on your finances. Hence it is very important to have a smart design so that the products are rightly categorized and at the same time are easily available in a single click.
Registering an online store as per the state laws and buying your domain should be two consequent processes that have to be completed before you even start working on your online store. One should remember that an online store may require staff to maintain it, hence try advertising about such man power while you design the website.