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
Evaluating 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.