Ecommerce platforms have become the hub of shopping for most buyers today. They are convenient, easy to use and take a shorter time to get items compared to brick and mortar stores.
With that being said, more and more people are embracing the use of online commerce platforms to buy and sell goods.
The rate of online retail sales growing every day is a sure sign that online entrepreneurs will increase in number. But how does one even start an ecommerce business? Aside from finding a suitable business space, here are a few tips for starters.
Sell unique products
As a first-time ecommerce shop owner, the best strategy is to avoid competition. The lesser the competition – the higher the chances of earning more profit. In a world filled with opportunities, it is easy for the market to be flooded with different ecommerce sites selling the same products. However, you could be different by selling hard-to-find items or rather unique items. Look for a product that solves a problem people have, and use it to accelerate your growth. Once you have prospects turning into customers, and then into returning clients; you are in a good path to success.
While in the middle of thinking up the products you intend to sell, you should also search for a suitable office for rent in the meantime. Acquiring a workspace aside, for an added bonus – you should find an affordable space that accommodates your budget. For example, we offers all-inclusive rental rates where expenses covering facilities like lighting, a powerpoint, and air conditioning are already included. Moreover, workspaces can be found islandwide depending on your convenience. To be precise, discover 10 locations which comprises 72 Eunos, 100 Eunos, Upper Thomson, Bartley, Pasir Panjang, Aljunied, Bukit Merah, Kallang, Ang Mo Kio, and Tampines. Our 100 Eunos building, in particular, is currently up for rent, where you can find a cheap office space for lease near a plethora of F&B establishments. Meanwhile, we’re opening up a new building at Toa Payoh, where you can work near the MRT as the Caldecott, Toa Payoh, and Braddell train stations are all nearby. For now, details still remain limited and will only be updated nearing the end of the building’s completion.
Find a solution to a problem
This is the golden rule of any new business or start-up. Try and ensure that it does solve a problem existing amongst the masses. You will always succeed when you create a product or service that works faster, more conveniently, cheaper, and better than other existing solutions. This is a sure way of attracting clients to your business, especially millennials. Still, it doesn’t necessarily mean you have to come up with a new innovation – in essence, it could be as direct as a product which helps to make something easier.
Likewise, this applies to the workspace you search – it should ensure the safety of both your employees, their belongings, and the office equipment. We have the cheapest self-storages and workspaces equipped with round-the-clock camera surveillance and accessibility. Also, enjoy our Zero Deposit Guarantee where you can rest assured with extra cash on hand for all sorts of other business needs. We even offer flexible tenancy terms across our self-storages and workspaces, which includes a short term tenure period and contract transfer to an extensive range of services and products within our very own property or even our parent enterprise, like an industrial space, serviced apartment, and so on.
Aim to achieve repeat sales
Ecommerce is not a one-time show. There has to be an element of consistency in performance to achieve sustainability. Thus, keeping the buyers in the loop through opt-in solutions can help in winning repeat orders.
One way of achieving customer confidence is by offering a good shopping experience from the very first interaction. An impressed customer will most likely turn into a repeat customer offering your ecommerce business a base to grow.
Strategise order fulfilments
Fastest delivery is the key to customer satisfaction. This becomes possible to achieve with strategic order fulfilment planning. As such, you will need to have the right team that can help you do that, as well as the appropriate warehouse rental to store, pack, and prepare for delivery. With the right storage space, you can attain the ultimate customer experience that translates into returning shoppers.
With our workspaces, you can easily fulfil numerous work, packing or manufacturing activities as they are able to perform as ancillary offices. You also get to choose from the cheapest self storages and workspaces where sizes consist of a broad range, storage units starting from 6 sqft going up till 730 sqft, and workspaces beginning from 88 sqft. The clever innovation of a regular workspace and self storage in one room has allowed for easier logistics procedures and a significant improvement in goods acquisition efficiency to present better customer service.
Taking care of these basics of e-commerce business can give your venture a solid start. Plan your business commencement around these points; you will win half the battle!
With enough capital, the right employees, and a great new, cheap office space for lease – you can start your new ecommerce business smoothly. However, while we’re open to accepting new tenants to our buildings – COVID-19 is still an existing issue. While the government is doing their best to stabilise the situation, we encourage tenants who are with us, and potential ones to stay vigilant and precautious at all times still. This may mean approving sick leave or implementing social distancing measures in the workplace itself. Either way, it is important to stay on guard so as to prevent risking the health of your employees or yourself. So, let us join our hands together to combat this virus together!