Stephen D. Gross

The world of ecommerce is exciting, painful and sometimes down right foolish, but we all want the independence that running our own store “could” bring.

Being independent of “the man” and being able to work from anywhere in the world is quite an appealing prospect but most of us have no idea how to do it or the innumerable problems in our path.

One of the primary things to think about when opening an ecommerce store is how much time you have to actually spend working on the store operations.

Keep in mind all the things you would do if you owned a brick and mortar storefront apply to the ecommerce site.

Even though you don’t have to deal with a lease and hard furnishing you still have all the equivalent issues with the ecommerce site lease equals hosting, hard furnishing equal pay per click and SEO marketing costs.

Over the course of this series I’ll be helping you understand not only the various ways to create a successful ecommerce store but also how to do it to fit into your lifestyle.

Lots of Capital but not a lot of Technical

As an example if you have time and financing you could certainly build the site from scratch, rent a warehouse, buy and store products and ship them from your warehouse. You certainly can buy these website development from any number of companies at any price range and they will happily hand you a fully operational ecommerce site that is fully customizable, at a fee, and you are in business…if you know how to run an ecommerce business.

We’ve got the Technical but funds are tight

In the middle of the spectrum if you only have time but not much capital to run the business you might want to consider using one of a number of ecommerce shopping carts, find a few drop shippers to do your fulfillment and use your sweat equity to design, develop, and deliver the ecommerce site to the web using organic SEO techniques and some of a number of shopping cart systems.

No Money and No Technical no problem

At the far end of the spectrum a recent trend has come about that is called an affiliate ecommerce site which is all about putting together a website that you drive traffic to and then as people buy products they are sent to the company website that actually sells the products and do the transaction there. This process alleviates a number of the onerous tasks associated with running an ecommerce store because you don’t have to deal with inventory, credit card processing, customer service and returns since they company one the other ends deals with that and give you a commission on each sale.

In my next article I’ll be taking each of the three methods, and all the variants and discussing the pros and cons of each. Over the next few weeks we will look into what can be done and how much time, effort, and expense if involved in each method and how you can be successful running an ecommerce business yourself.

Next up we’ll cover the process where you or your business has money to invest in the ecommerce business but not the technical chops so you hire a company to do your ecommerce site: Lots of Capital but not a lot of Technical next!

Spending the same amount of money, and yes more time, on data mining and analysis might just benefit your revenue and profits in a far greater and more sustainable way.  How would you like to actually decrease your traffic and, at the same time, double or triple your online business?  Making more out of less is always a strong part of any good business plan.

Dan Horn & Noh Limits is a member and contributor to StephenDGross.com and BrookstoneMarketingGroup.com