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How To Become A Great E-Commerce Seller

Technology advancements paved way to the invention of e-commerce. E-commerce is the activity of buying or selling something via the Internet. From Instagram to Carousell, various websites and apps enable Singaporeans to practice e-commerce. That being said, here are tips on how to become the best online seller out there!

STEP #1: DEFINE YOUR BRAND

What are you willing and not willing to sell? What are the teens buzzing about these days? Pearl hair-clips or vintage headbands? How about the working adults? Are herbal oils in demand for pain management? Before you decide on putting a collection of products online, you must do your research.

Image Credits: unsplash.com

Look for sellers that offer the same products and see which products are on top. This ensures that your products are attractive and in demand without having to lose money in the process. As you diversify your product range and start selling more, you may need to find a warehouse.

STEP #2: NARROW DOWN THE COSTS

Opening a physical store entail a painfully long list of operation costs. It comprises of rent, interior design, electricity, utility, and other expenses. Not to mention, you have to maintain the overall look of your brick and mortar store.

Fortunately for you, you have avoided these expenses by opening an online store. You must start your business right by deciding which costs are necessary. Cut down unnecessary costs such as hiring additional staff.

STEP #3: OPEN AN ACCOUNT

To become an e-commerce seller, you can either open your own website or sign-up under an established one. For instance, you may set up a seller’s account at Lazada. It is easy!

As a prospective seller, you must provide basic contact information about yourself and the shop that you want to open. Next, you have to list down your products using Lazada’s Store Builder app. Ensure that you build appealing pages to increase client engagement. Lastly, you have to provide legitimate documentation. This documentation includes:

a. Your Business Registration Certificate or Business Owner Identification (NRIC),
b. Your list of directors,
c. A bank statement, and
d. GST letter (if applicable)

STEP #4: MARKET YOUR BRAND

Last but not the least, you must increase the visibility of your brand. Already established e-commerce websites have a lot of traffic, so you are at an advantage. You do not have to shell out more marketing budget. Nonetheless, you can always promote your products or services on Facebook and on Instagram.

Image Credits: unsplash.com

I cannot deny that many Singaporeans turn to social media for product or service reviews. So, make these reviews count!

4 Practical Tips On Making Your Online Business Successful

With a growth mindset, you aim to expand your online business in many ways! For starters, you want it to be more profitable than ever. All these goals can be possible once you employ the necessary changes. Remember that building a successful online business is a marathon and not a sprint! Nothing good happens overnight.

#1: WORD OF MOUTH

Millennials consume everything at a fast rate! When we want something, we want it now. With the digital consumer culture, it is best to create a positive online community. Post your clients’ feedback and tagged photos.

Singaporeans turn to the web for reviews on businesses and other services. Get positive word of mouth by providing professional service, monitoring your online presence, and giving back to the community. You may partake in or host charity events once a year.

#2: STOREFRONT OF YOUR BUSINESS

You have a fantastic product and a bulletproof selling process. It is time to design your own website. When creating your own website for your online business, you must keep things simple. You have about five seconds to grab someone’s attention. Otherwise, you will never see them again!

Ensure that you keep things simple by choosing two plain fonts and by making navigation clear. Collect as many email addresses as you can by offering promotions at the front page. Lastly, make buying accessible within one or two clicks. Ultimately, you must think of your website as your storefront. You have to make it eye-catching and consumer-friendly.

#3: POWER OF EMAIL MARKETING

As I have said above, you may collect as many email addresses as you can. Use these e-addresses to test the power of email marketing. It is such a strong tool to turn your potential consumers into loyal buyers. Allowing them to subscribe in your mail-list gives you permission to send regular promotions or new product updates. You are developing a long-lasting relationship with your client. Make each email count!

Email marketing is beneficial not only because it is cheaper that print marketing, but also because it is 100% measurable. You will be able to track whether you hit the target or not.

#4: EXPANSION OF THE CLOUD

With a startup business like yours, you can benefit from no-cost programs such as the “cloud” (e.g., Google Drive). Storing your files in one digital place will you monitor your gains and losses. The major advantages of using the cloud are its accessibility and its cost-effectiveness.

You will be able to access your business accounts and accounting files from anywhere and anytime using cloud-based applications. This way, you no longer have to pay for other applications.

Image Credits: unsplash.com

Being an online entrepreneur has its ups and downs. You just have to find practical ways to handle the obstacles and to move forward.

Source: Entrepreneur

How To Keep Your 9-5 Job While Starting An Online Business

Your path to frugality has two options: you can either cut down your expenses or expand your income. Without a doubt, doing these two options simultaneously can increase your chances of achieving your long-term financial goals.

Establishing an online business is a great way to earn that extra money!

UTILIZE YOUR EXPERTISE

Whether you are an experienced real estate agent or a financial consultant, you can utilize your expertise by becoming an online consultant. The beauty of this is that it does not have to consume much of your time. Help individuals or companies to grow and work more efficiently. Consultancy is taking the world by storm because people would rather pay someone to help them than make their own costly mistakes.

SELL DIGITAL COURSES

It is amazing how you can create and sell your own courses with just a few clicks of a button. Digital courses map out the future and many budding entrepreneurs turn to it for reference.

Do you have to be a master in your field to become a digital instructor? No! All you need to do is to share your knowledge on a particular field and be two steps ahead of your audience. Digital courses can be built through websites such as Teachable and Kajabi. Go ahead! Try navigating through these websites now.

BECOME A GRAMMAR NAZI

I, myself, am caught in a cycle of writing and proofreading. Sometimes, I catch myself editing the past articles that I have written. Proofreading is a task best left to professionals. Writers, business owners, and alike will benefit from editors or proofreaders.

Offer your editing services by advertising it on Gumtree or Craigslist. You can also post on social media while targeting the undergraduate and graduate students.

SEW YOUR WAY UP

If you have a knack for sewing or tailoring, you may offer your services online. You see, some people pay for as much as S$30 for a simple stitching problem. You can offer a friendlier rate that will compete with the existing market.

More so, you may build an online business that sells your sewed products such as sweaters or scarves. Go one step further by offering tailoring classes at a cost.

BECOME A SOCIAL MEDIA MANAGER

Social media managers are trending at the moment. There is plenty of money to be circulated using Facebook, Google, and Instagram ads. Thus, businesses need someone to facilitate their online presence. Even with your smartphone, you can complete this job during your downtime.

Image Credits : pixabay.com

You can either take online training courses to pick up the skill or learn it through free YouTube videos. With your determination and commitment, you will be able to pick up the social media management skill.

Sources: 1 & 2

How And Why You Should Start An Online Business Now

Have you been wanting to start your own business but your intended capital would not suffice? Or maybe the thought of leaving your children at home prevents you? Well, that shipped has sailed when people from the Silicon Valley introduced the “Online Business”. Online business (OB) allow you to sell your product or service at the convenience of your own home and your own time.

Here are the other reasons why you should open your own OB now:

1. SPEND LOW COSTS ON THE START-UP

Once you settled the costs of the products or services that you are planning to sell, you can start opening an OB for S$15.48 or free! The S$15.48 only applies if you want your own website domain name. For example instead of having “myshopname.blogspot.com” you can have “myshopname.com” to appear more professional. Go Daddy sells the website’s domain name at S$15.48 for the first year.

2. WORK ON THE PROJECTS YOU LOVE

Not only do you get to explore your interests and hobbies when thinking of a business idea, you also get to work on something you are really passionate about. This will motivate you to improve your business even more.

3. GET BROADER NETWORK OF POTENTIAL CLIENTS

Since you are setting up a business in the Internet where anyone from anywhere can have an access, you gain a wider scope of clients. This will allow you to transact and ship worldwide.

Sold by the idea of an OB? Here is how you can start yours:

1. DO RESEARCH

Know what is available on the market today. See something that interests you? Incorporate that and add something unique. This will be your niche. Also, research on marketing ideas and budget plans by asking your family, colleagues, friends, or even Google.

2. DEVISE YOUR BUSINESS TYPE AND GOALS

Choose the business you would like to start by tapping into your interests, time availability, and accessible funds. Set goals not just for the business but also for your budget plans.

3. FINALIZE YOUR PRODUCTS OR SERVICES

There are a few products that you can sell at a low cost such as essence oils, Ebooks, and stationary. Given that you have sufficient knowledge of Web Designing, you can sell your services online and charge per project.

4. START OPENING YOUR STORE

If you want to set up an online store without spending a dollar, try selling your products and services on either tictail.com or carousell.com. Tictail.com, established in 2012, allows its users to run a nice online store in minutes. Carousell.com, on the otehr hand, allows its users to sell through its mobile App. Both are definitely free and easy to use! Say you are in need of new materials, you may save money by buying bargain items at these websites too.

5. PROMOTE YOUR BUSINESS

To promote your business, you will need to have visibility in various social media websites such as Instagram, Twitter, and Facebook. The good news is that it is totally free to open your accounts in these websites. Also, you can set up a newsletter or a mailing list so people can receive regular updates when promotions or new items are coming up.

Image Credits: springwools via Flickr

As you can see, it is surprisingly cheap to set up your own online business! But, keeping it may take hard work. So, it is important to find a business that follows what your heart desires. 🙂

4 Ways To Earn And Save Money As A Housewife

Raising children and keeping your home in top shape can be challenging at times. Even though you love to spend more time with your children, money is usually tight when there is only one income in the household. So, knowing ways to earn and save money while you are staying at home sounds like music to your ears. Here are some tips to get you started with…

1. HOBBIES OR BUSINESS STARTERS

Do you love to make cupcakes, jewelry, or essence oils? Turn your hobby into your own business. Be your own boss and master your own schedule by thinking about your skill set and hobbies then, start making an online business out of it. Free platforms for selling or making your own online shop such as: Carousell and Tictail, are available online.

2. STAY-AT-HOME NANNY SWAP

Instead of paying costly bills on daycare or babysitting, have another stay-at-home mom to take turns in taking care of your children. Watch your friend’s children for one weekend then, she will watch yours for the next. This will not only save you money but it will also give one day off for you to relax and run errands.

3. TIDY UP AND SELL STUFF ONLINE

Tidy up the clutter in your closet and find the things that you deem to be unused or underused because you can sell them online. The old clothing articles of your children that are still in good condition can be sold too. How about the costumes that you only used once? Get rid of it and earn money simultaneously.

Try selling your items to the worldwide marketplace platform of eBay and Gumtree. And, consider selling your items to your friends and family by posting an ad on Facebook. Save money by buying bargain items in these sites.

4. BECOME A SALES REP

A sales representatives or brand ambassadors sell household, beauty, or health products in their own ways. Join millions of independent ambassadors of Avon or MaryKay Singapore.

Have the freedom to design a schedule that works for you without thinking of building a business from ground up and still be able to nurture your loving children!

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