Starting an ecommerce business where you sell items online as a revenue source is becoming more popular every day for both existing retail stores and new entrepreneurs looking to add another revenue stream. Before diving in head first into an online business venture it is important to understand all the basic building blocks that make a successful online store.Legal ConcernsFirst you need to make sure you form the business with proper legal procedures just like you would for any other business. This includes filing a fictitious business name, obtaining a resale license, paying taxes and proper bookkeeping. You must also follow all the legal guidelines for equal opportunity employment if you plan to hire anyone to help out.Product OfferingExisting businesses already have stock for the products they sale which gives a bit of a head start since finding a supplier is not needed to start. New businesses will either need to make their own product which will incur manufacturing costs or may opt to purchase products from an authorized distributor. In order to be competitive you need to get your products directly from the source or as close as possible. A quick way to identify “middle man” distributors is if… Read full this story
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