Want to leave your day job and pursue your life-long dream of being an entrepreneur? If you’re thinking of starting your own business to become your own boss, you need to know that there are a lot of things to consider.
You can’t just submit your resignation letter and pursue your dream of putting up a business. Not all business ideas are feasible to turn into a business, so doing a lot of research will help you finalize what business you’re going to start. You must also create a well-crafted business plan to support your business idea.
You can start a business by putting up a physical store or opt to start an eCommerce business instead. If you are new to eCommerce, it is merely the term used for businesses you can find online such as clothing, food, tool stores, and many more. Today, online shopping is a new resource for most people, which means that online business would be an excellent opportunity for you as an entrepreneur.
Since store operations are quite strict as of the moment, bringing your business online is a wise move that you can start preparing as early as now. Does it sound like an incredible journey for you? Well, here are a few essential things you need to secure so you can start an eCommerce business as soon as possible.
Convenience is the top reason why entrepreneurs want to bring their business online. However, before you can start operating digitally, you need to prepare everything you need for an online business. You can start with:
A unique brand name is essential in running a business digitally. With tons of companies online, you do not want to be infringing someone’s brand, which can cause copyright issues. In this case, you should come up with a secure and safe brand that best reflects your products or services offered. Likewise, your brand name will be used for registration and getting permits and licenses, so you should have it first.
Once you have decided on your brand name, it is time to choose your eCommerce business structure. You could either go for a corporation or an LLC. Most online businesses have a Limited Liability Company or LLC structure because it can separate your personal assets from your business. If your business experiences bankruptcy or other unexpected circumstances, rest assured that your individual properties won’t be at risk.
If you plan to have an LLC in New York, you might want to know the NYS LLC cost. In this case, the fee for state filing is $200. Keep in mind that you must also meet the New York publication requirements that will cost you between $1500 – $2000.
Permits and License
Running an online business won’t save you from the process of getting permits and licenses. Although it takes a bit long to process, you need it for your business to become legal. Likewise, you can avoid legal issues in the future if you will secure your business permits and licenses as early as now. Before you can operate, these two documents are the most important you need to prepare.
Website and visuals
To bring your business online, you need a domain name and web hosting to build a website. You can find many website packages out there, but make sure to choose what’s ideal for your business. Moreover, some developers offer affordable packages that come with full support and excellent customer service.
In creating your business website, you might want to prepare beforehand your logo and other visuals that you want to add to the site. This includes the theme, color, landing pages, and services pages. Make sure that you have a consistent visual so you can create an online personality of your brand.
Social media is a vital factor in the success of your business. In fact, a lot of businesses and companies are utilizing the power of social media for their benefit. For example, companies are now actively posting job ads on different platforms such as LinkedIn, Facebook, and various job search websites. Through these mediums, they attract qualified applicants for the position. You can relate it to attracting customers to your business.
The powerful content and eye-catching posters you post online invites customers to check out your business and potentially turn them into long-term clients. With the proper use of social media, surely your business will be on the path to great success.
Now that you are ready to go, you can start preparing and make sure to keep the above list in our pocket as you go along the process of building your eCommerce business.