The Art of Buy & Sell Online (Secrets of Online Sellers)

Lazada, Shopee, Facebook Marketplace, Amazon, Alibaba and more are now the trendiest and safest (digital) venues to buy our supplies beating our conventional retail store outlets and malls. Health experts insist in promoting social distancing, open-air ventilation, proper use of facemask, sanitation and personal hygiene in order to remain healthier from COVID19.

 

As we remain hopeful to regain our economy, we have to understand how to take opportunities in online retail or e-commerce.

 

I. Choosing a product

 

• Finding a product to sell - check what’s hot or trending and offer a better advantage
  • Tweak it
  • Bundle it

 

Evaluating your idea

 

• Create an online survey and ask your contacts about your idea

 

Obtaining your product

Is it local?

 

Do you need to Import?

 

What’s the cost? Analyze your profit after cost

 

II. Research and prepare

 

Research your competition - how the existing market / sellers are behaving?

 

Writing a business plan - can you do better?

 

III. Setting up your business

 

Naming your business

Creating a logo

Understanding search engine optimization (SEO)

Building your store

Choosing your sales channels

Register your business

DTI (click here https://dti.gov.ph/

Local Government agencies

BIR - Think big register here https://www.bir.gov.ph

 

IV. Preparing to launch

 

Set-up a calendar and observe

 

V. Post launch

 

Acquiring your first customer

 

Marketing your store

 

There are many ways to start but the following items are the basic steps that include registering your business, getting a dependable logistics and freight forwarding company with strong experience are very important.