Clothing quite an amazing thing to do. Especially young people tend to buy from the boutiques more often. As time is traveling into the era of digital life. The marketing has moved to the next level too. Digital marketing is now more in competition with the normal market. It only took quite a less period d of time to reach this level.
It all because the customers and consumers are preferring their comfort zones above the market pollution and their time being spent on shopping by going over there. This is why the digital market (eCommerce) got enough boost to get in the leveled competition with the normal market too.
The online clothing boutique owner can make around 50 to 60 thousand dollars a month on average with excellent product management.
How Much It Costs To Start A Boutique – video:
When one of my friends heard this from her other friend she decided and planned to start her own. In the first month, she just had to spend some little amount on marketing schemes and promotions so that others can know about her boutique. Well, the point is that she is 50 thousand dollars a month.
What is e-commerce or digital business?
First of all, what is the eCommerce or digital market is. Just like the shopping area we go to buy something or some market the eCommerce is the online market you go shopping without leaving your house and you pay online.
The digital market or shopping is the new trend now, people buy and sell online anywhere around the world.
How can you make a start?
Taking a start is not anything you call difficult. It is very easy with a self-motivation factor in it because you will not have any boss you will not going to have anyone else to remind you that you need to do this, even no one is going to tell you that how to do this until you reach them out and ask for the help.
So taking a start you need to write out in which field you want to start a business like what will be your product, whether you want to sell clothes and become a boutique business owner or you want to sell services and become a freelancer or you want to sell food and become online café owner or restaurant owner.
Once you decided to open or start the business, there will be fewer chances to gain the customers and making a profit in the first month so plan according to the budget.
Spare some extra money as a cushion for up and down in the startup. Many people fail to plan their backups and after the business goes down they give up immediately without taking the second step or waiting for another moment. They criticize others for their loss, although it’s all the sole process of a person.
If one person is not devoted or honest or motivated to take the risks for his or her business then no one can help it. Plan beforehand and before planning ask the other entrepreneurs of the city or country to try to grab as much knowledge from practical persons as possible.
Then comes the production process, whatever you are trying to make the business of. Like clothes for example. If you are making clothes, try to find the student of fashion designing for the assistance and employ her on internship period, during this period she or he will grab the practical experience and after a month or two when your business (e-commerce) start making money you can hire them on salary.
This is a wise tip and when you have someone for the help and assistance you can speed up your business process quite easily. Then for the product making process, you will need the resources and a place to start. Try to use out the extra space of your home, because this is going to be the online business so buying a place as an office is not a wise option at the start. Use your personal space first it will not only save you the huge amount of money on the space but you can easily see through the things you do not have to travel more often.
Then comes the product designing, although you first believe in yourself for the designing and selling of your product it’s always better to do some research first. Try to visit all the shops in the city and make a note that what is in demand and what will be the new trend, of course, you can do some online research as well.
Then try to make some samples and upload them and ask for the opinions on the youth media sites if they want something new in the trend. Yes, there is one other thing is hiring the model to showcase the products but as I said before use the available resources, before going out. So you can try your own products on yourself. These are what the basic steps are.
Where to buy products if not made by yourself?
You can buy different products to sell it online, it is not the issue you are going to face though. What you need to think before purchasing and selling is the income you are going to generate from the profit. So the indirect thing is how to make a sufficient profit. This will be done after you do some research and know where to find the product at real low price. I recommend buying directly from the factory. Like wholesale etc. when you buy directly from the factory you are going to get it at the real low price because of factory-made and the second is the wholesale (bulk price). When you buy in bulk it will be really less in price.
After purchasing you can sell it in the market price or a bit higher after the business flourishes. But in the startup, you have to sell it at the factory (wholesale) price in order to make your customers. When you will have to do the marketing you must need to sell the product at lower prices. But you can change to the market price after you would have the customers.
This is the case only for the products that you buy from the factory and for those products that you will make, so you can choose to price them according to your wish.
How to find customers for e-commerce business?
This is the most important thing in every business that how to find and target your business customers. Everyone needs to find the multiple tricks to reach out to their targeted customers but the question is here how you can find if you have the new startup on online business.
It is not a difficult thing but all it needs is your patience and consistency. The patience is required so that whatever time it is going to take yours, it will be on a path. The other thing is consistency not to leave the matter when it goes down. Like many people do when they lose their hopes.
Remember it is going to take time, some startups reach to peak in the month and some in years. Do not compare yours with others. Take time and have patience and love what you are doing.
Unpaid marketing
The customers finding and targeting is a long term deal you are going to have. First, make your profile on all social media account I recommend Facebook first because it’s approachable and very easy to handle. Then Instagram and other social media sites are the available options for you. Make your profile attractive and try to spend nearly an hour at night to comment on other shop’s posts. So the customers will know you.
Paid marketing
The other options include website making. Make your own website and upload your products there then optimize your website and make the promotion of your site so it can reach others as well. For the promotion of your social media sites and the website, you need to spend some of the money on it. That would be worth it after your business will take off.
The other best option is to send SMS to the near area of yours, for this marketing you need to go to the networking companies and ask them they will charge a minimal amount for around 500 SMS (message). To the people of the specific area. You can choose your own plan too like you can buy 1000 people data SMS (message). Where you have to spend a little bit more and in around 1 month 1000 people will get the SMS (message).
Containing your website address and the link to your product. Ask your friends and friends of friends to see your products. By this, you can test whether you need any improvement somewhere in your business or not.
Don’t be afraid to level up
It is good if you take your business to next level. By this I mean it is quite ok if you take risks to make some expansion. For example, taking partnerships and other offers to enhance your business. It is the fuel for your business career. When you expand it and take a risk in order to scale up you might lose something but eventually, you will reach to some higher level.
Learn everyday everything regarding business (e-commerce).
Ecommerce is as new as the technology, when you start doing e-commerce business it is compulsory to learn with the speed of innovations in technology. When you know what is in trend what people use at the moment like media ways, or regarding the new innovations in the eCommerce, that will be boosting your business too.
If you are not aware of the new innovations your business will remain in one position and remain there for quite a long period of time.
Always make a backup plan first
As I have discussed above how to start a business and before taking the start try to have the backup plan and have a sufficient amount as the soft cushion in case of emergency you will not be bankrupt or you will not have to ask others for money.
So try to save more and save that amount and do not use it until you need it badly. Then take the business into consideration. If you start before the backup plan you won’t succeed as you should. The main hurdle will be the resistance in your decision making and that would be the fear of losing all your money.
So keep it aside if you play with fear of losing a game you will ultimately not going to win, so play fearlessly at least you would be guaranteed to have the lessons you will learn if not win. Taking risks is the part of the business that is the key that will flourish your business day by day. So in order to take risks, you need to be satisfied that you have a backup plan. So let the things be, how they will be.
Make multiple income streams
This is the wise trick for those who want to start eCommerce (digital business). It is good if you take one business into consideration but try to make another business. That will be the side income of yours, if one goes down you will have the other one to give the support to the first one. When both are at good pace you will have good earning within days.
By doing parallel business you can be at ease too and will be working on both of them too. This is not going to take much time you always have to spend time and effort in the starting period then your efforts will start paying you off.
Networking (expand your network)
In order to expand your business just like the normal market business in the digital business, you need to have the networks too. Networking will enhance your marketing. The more networks you would have the more people will know you. And you will have the back support from other business networks too.
In some cases, you can ask for help if you do help others too. This will come back too. So make networks with other businesses to flourish your business. You will meet a lot of interesting people and make some awesome connections.
Have a verified payment method
The only hurdle your customers and you will be facing if not fixed out before head is the payment method. The payment methods need to be verified or secure in simple words. If not then making the transactions will not work for you. It will profit you to make the online business if you do not have a secure payment method. Like if I talk about my experience of doing online shopping, my major concern would be making an online payment. On many websites, they ask about every detail before making payment that really really annoys me every time I buy from an online market or website.
The other thing is the fear of insecurity. The more details I have to put the more I get afraid of losing it. Like the unsecured payment methods and you lose your account details like that. So I prefer to buy only from those of the sites which allow their customers to pay with their fingerprints marking. This is a kind of new thing but it is safer than providing all details. So I think it’s good if the online business owners provide some new options which relatively safer than providing whole details to pay for the desired products.
So for “making the payment” method you need new innovation addition on your website too. That will gain your customers’ trust and catch their attention more.
Tips:
You can always go for good and different options like becoming entrepreneurs. It is appreciable and becoming one too. The only tip I will be sharing is to have consistency and patience in your behavior.
When you decide to work as an entrepreneur you need to commit yourself with only three things, consistency, patience, and hard work. With these things in you, your business will definitely reach the top in a few months. Do not give up easily you will surely gain more profit and generate more money and things will get to normal one day.
Good luck!