Starting an e-commerce business in 2020

Starting an e-commerce business in 2020

 


The coronavirus and its accompanying measures are having a major impact on most sectors. This pandemic is causing a considerable loss of employment worldwide. As a result, this is a good time to start an Internet business. Every day, many entrepreneurs decide to invest in e-commerce or online trade. But to create an e-commerce business in 2020, you have to go through different steps.

 

Design and implementation of the e-commerce site

To open an e-commerce site, it is essential to draw up the project specifications. These specifications must include the project presentation, the website's tree structure and graphic charter, the page layout, the support service and the after-sales service. It includes everything that concerns management: the management of user accounts, the product catalogue, the ordering process and payments. The project specifications also include the important functionalities and everything related to the back office. Once the specifications have been drawn up, a service provider is asked to design the e-commerce site with respect to technical, graphic and legal aspects. To succeed in an e-commerce activity, it is important to guarantee visibility for better traffic. For this, it is necessary to rely on advertising and social networks.

 

Obligations concerning e-commerce sites

There are various general rules that must be followed by all websites. It is important to follow the legislation concerning e-commerce. Thus, when the company comes into contact with individuals, it must comply with the regulations set up for distance selling. This is the Consumer Code. There are also regulations for e-commerce. Obviously, the company will follow these regulations as well. The obligations concerning e-commerce sites must be followed and respected to the letter by the company.


The business plan for an e-commerce activity

In order to draw up a business plan for an e-commerce activity, it is necessary to take into account the investments linked to the website, the turnover, the projected costs and the financing of the project. The cost of designing the e-commerce site is the main investment in this type of project. But it is also necessary to invest in hardware such as computers, servers or computer networks. An e-commerce business must forecast its turnover. These are the sales that the company expects to make over a given period. An e-commerce business must also forecast its costs. These include advertising, website hosting costs, graphics and design expenses, hardware rentals, Internet subscriptions and management software.

 

In this period of the coronavirus pandemic, an e-commerce business seems to be the appropriate solution to cope with job loss. However, one should not skip the various steps that are essential for the success of such a business.

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