Start an Online Business on the Internet, Your Own Company

advice2Come visit our free workshop at the Arbutus library on Wednesdays

Below are some notes from our last meeting Nov. 30:

The advantages of using OpenCart as your store platform:

  • very low cost, about $3-5 a month
  • no listing fees. list as many products as you like (and cross-list them multiple times using different titles)
  • lowest transaction costs via PayPal (about 3%, no fixed costs)
  • you establish a brand over time, which eventually will lead to repeat purchases
  • you can sell whatever you want
  • Buyer  + Seller protection provided by PayPal for free
  • no one can take your store or product offerings down (unlike stores on ebay & amazon)
  • you build a real business that can be sold later and that will provide sales on autopilot to some extent. what you build over time is basically links and publicity on the internet in various places
  • you have absolute control over everything, looks layout, etc.
  • you can see where your customers are coming from, what they look at, for how long, what else they looked at inside your store, what they searched inside your store, etc. This info is enormously important in order to build a successful long-term online business…and you won’t get all this info and control when you sign up for an amazon or ebay store

 

The disadvantages of using your own domain:

  • no traffic initially as there is no awareness of your store anywhere
  • it takes some work and time (3-6 months at least) to attract traffic

You can compensate for that by using various strategies, such as opening a ‘dummy’ store on ebay/amazon/etc to pull some traffic from there, and much more

Come visit our free workshop at the Arbutus library on Wednesdays

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your own business
50 58%
what do you need to own a
business
110 45%
what do you need to start
a business
1000 65%
what do you need to start
a small business
110 74%
what do you need to start
an online business
50 77%
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your own business
260 65%
what i need to open a
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40 79%
what i need to start a
business
140 80%
what i need to start a
small business
50 84%
what i need to start my
own business
90 92%
what it takes to start
your own business
50 64%
what kind of business can
i start online
70 89%
what kind of online
business can i start
50 75%
what kind of online
business to start
10 44%
what needs to be done to
start a business
40 68%
what online business can
i start
90 71%
what online business to
start
170 80%
what small business to
start
170 68%
what to do to open a
business
20 64%
what to do to start a
business
140 73%
what to do to start a
small business
50 73%
what to do to start your
own business
70 66%
what to start a business 50 46%
what to start a business
in
210 55%
what u need to start a
business
30 70%
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start a business
40 76%
what you need to know to
start a business
70 49%
what you need to open a
business
70 71%
what you need to start a
business
480 64%
what you need to start a
small business
70 76%
what you need to start an
online business
30 64%
what you need to start
your own business
140 70%
where to start a business 110 44%
which business to start 590 56%
your online business 50 24%
your own online business 20 59%