It is quite clear that e-commerce is winning the war against brick and mortar stores. Digital presence is important for survival of most businesses, regardless of their size. When starting your online sales, first step you should do is decide which products have good margin when sold online. Not every product is convenient or profitable to be sold this way. Choosing the online platform is also critical. Managing presence across several platforms is resource intensive, so an optimal balance should be determined.
- Before you start selling online, you’ll need to establish business plan and decide what items you want to sell.
- Whether you sell on your own website or a top online marketplace, there are more options than ever for diversifying your selling channels in 2020.
- You have numerous options for accepting online payments, whether you open a merchant account or use a payment processor like PayPal, Square, or Stripe.
“You may already have an established retail location for selling offline. But if you’re just starting your business, take a look at our ideas of what to sell online in 2020.”