Planning to Start an Online Business? Check Out This 4-Point Guide First!

Planning to Start an Online Business? Check Out This 4-Point Guide First!

Ecommerce

Globe myBusiness

Globe myBusiness

2 Oct 2018, 11:30 — 5 min read

Becoming an entrepreneur is a dream most Filipinos have and thanks to technology, becoming a business owner has been made easier. If you have a product or service that you think will go big online, you can now sell them through social media, websites, and even online selling platforms like Lazada.

On the other hand, there’s more to starting your own online business than just having something to sell and a platform to showcase them. To become a successful online entrepreneur, you have to keep several things in mind before starting like studying your target market, conceptualizing your brand, building customer relations, and retaining your client base.

If you’re looking forward to becoming an online entrepreneur, check out this four-step guide that will help you begin your journey to business success:

 1.   Know what your market wants

We commonly here business experts tell budding entrepreneurs to fill a need. This is because it is an important part of creating a financially sustainable business. If there’s no demand for what you sell or you fail to create such demand, your business is bound to go down the drain.

Now, how do you know that there’s a need for something? The answer: market study. Researching about what people want, specifically your target market, is crucial in starting up a business. This helps you determine what they need and how your business can fill that need with the products or services that you’ll sell.

 2.   Design, Create, and Stand Out

Branding plays a crucial part in making a great first impression. It has a lot of facets but for startups, people will remember you most for your business’ aesthetics and the overall shopping experience.

Planning how you would package your brand and conceptualizing how you interact with customers are vital parts of creating a memorable impression, which will not only establish you as a reputable online seller but also as a go-to place to shop. Ensuring these essentials are based on what the market finds appealing is a requisite to standing out, especially in very saturated playing fields such as the Internet.

 3.   Provide a Great Customer Experience

Each and every interaction you have with customers is a chance to capture their hearts and earn their loyalty. Grabbing that opportunity requires providing a great customer experience and making sure every step of the shopping process is easy and convenient.

Setting up your online business is more than just having a website or social media page. From the moment your target customers visit your store to the point they make a purchase and receive their orders, businesses have a responsibility to deliver the best experience. From easy-to-navigate webpages to seamless checkouts to on-time deliveries, things that you think matters less are what matters most to your customers.

 4.   Keep Connecting

Studies show that people who’ve had a great experience shopping in a particular online store are bound to become returning customers. The chances improve exponentially when the store keeps in contact with the customer, especially when it has special offers. Keeping touch with your customers helps sustain your business through its own customer base, all the while elevating your relationship with them.

Internet connectivity is essential to strengthening customer relations for online businesses. Besides, having strong, reliable Internet connection is crucial not only for communication, but also for online tools and digital solutions that you can utilize for business operations, marketing, and even people management.

 

Starting a business online is a great way to kick off your entrepreneurial journey. With these tips, you’ll surely be more than ready to take on the challenges of being a business owner and  and experience success that you’re always meant to achieve!

If you want more business content that will help you develop your craft as an entrepreneur, simply sign up to Globe myBusiness Academy to get fresh and exclusive articles, how-to videos, and research papers that can help you and your business grow!

 

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Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views, official policy or position of GlobalLinker. 

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