Earn money online by doing e-commerce business from home

People are now using online, social media and digital marketing to promote their business. This is very beneficial for their business. Again many are running their business online. And profiting from the online business at home. Millions of rupees earned overnight. Today I am discussing e-commerce business among the means of earning money online. It is very common to earn millions of money every month by doing an online e-commerce business from home.

Earn money online by doing e-commerce business from home

Anyone who wants to set up their own e-commerce business online can make a lot of money every month. We will have all the information about e-commerce in today's tutorial. And there will be all the details on how to earn money online by doing e-commerce business from home in 2020, what you need to know, and how to do marketing.

What is an e-commerce business?

First I want to know what an e-commerce business is or how it works. In simple words, an e-commerce business is an online-based marketplace where you will have your website / online store and customers will order products online. The website owner will deliver the product to the customer. In other words, the e-commerce business is the medium to sell any product online.

How to get started:

Starting an e-commerce business requires a number of steps. Here are some examples to help you start an e-commerce business.

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Some Essential Steps to E-Commerce Business:

Website Creation: In order to do e-commerce business, you need to create a website related to the related products that you will sell. And the website must be professional-looking.

Product Listing: All the products that you want to sell through an e-commerce business should be listed on the website with pictures. And to create a very simple and user-friendly interface / easy navigation so that customers can easily order online. So that a customer can order there very easily. 

Pricing the product: The product you want to sell should be priced keeping in mind the price of the product in the market so that a customer is easily interested in buying your product by looking at the price.

Payment system: The most popular online payment system or mobile banking in the country or area you want to do business with. So that a customer can easily pay for a product.

Delivery system: Maintain a reliable delivery system to ensure that the product reaches the customer. So that a customer can get fifteen very quickly or very easily after buying a product. If the delivery system is not good or the customer is not trustworthy then all those e-commerce websites will not encourage a customer to order a product.

Guarantee: A product should be sold from an e-commerce website after you are 100% sure about the quality and guarantee of the product you are selling. Then a customer will be interested in buying multiple products over and over again. And if there is no guarantee or quality of the product, a customer will report bad to you once you buy a product. In that case, many more customers besides that customer will be lost.

Refund Policy: An e-commerce business must have a refund policy. In order for a user not to feel like it after ordering a product, he must have a system in place to return the product and get his money back. Or if the product that the user has ordered cannot be delivered within his / her demand, he/she should be notified as soon as possible and refunded.

Store / Stock: You need to make a store where you will deliver the product from. And keep adequate stock of each product. If you do not have adequate stock in your store after customer order, your e-commerce business may deteriorate if you fail to deliver.

Product Category: In the case of an e-commerce business from home, you must recharge the products or keep up-to-date category products that people are accustomed to and feel comfortable ordering online. The best quality product categories for e-commerce businesses are electronic products, fashion products, garments products, baby products, kitchen products, etc. You can also choose the product according to the needs of the market.

Communication system: Your website must have the option to contact the customer so that the customer can contact you at any time for any problem or any suggestion. That's why Contact Us can create a page with Contact Form, e-mail address, and mobile number. This will increase the trust of the customer.

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What kind of capital would it take?

How much money you have to invest to start an e-commerce business from home, will actually depend on what area you are targeting, or what type of customer you are targeting. And your investment will depend on the value of your product.

For an e-commerce business, you need to invest in a few sectors. These are an investment in website creation, store rent, stock goods marketing, worker/developer salary, online promotion, etc.

Note that there is no investment required for the things that you can maintain yourself, such as website development, product updates, delivery processing, customer support, etc.

Where to do marketing:

Where to do e-commerce business marketing. The best place to market for an e-commerce business is through social media, online promotion, online advertising, and more. You can also give reviews of your products as sponsors in different places.

And these marketing can be done in two ways, one is a free method and the other is a paid method.

Free Method: If you do free method marketing then you have to work hard and get much less audience. Some of the popular platforms of free marketing are, Facebook, email marketing, messenger marketing, blogs, etc.

Paid Method: If you want to do bid marketing for the marketing of your product, you must pay. Popular marketing platforms for promoting e-commerce websites or e-commerce businesses are Facebook Boost, Email Marketing, Guest, Advertising, etc.

What will be the profit:

An e-commerce business depends on how much product you are selling and how much profit you are making from each product.

Suppose 200 products are being sold every day from your e-commerce website, if you make a profit of 50 rupees from each product then your profit will be 50 * 100 = 5000 rupees. And at the end of the month, the profit will be 5000 * 30 = 150,000 rupees. From here, if you deduct Rs 50,000 from your marketing expenses, employee salary, office rent, etc., then the profit will be Rs 100,000 (one lakh rupees).

It only showed up if 100 products were sold per day. If an e-commerce website is well marketed then it is more likely to sell. Profit and loss calculations will depend on your sales.

How much Hard work to pay:

For an e-commerce business, if you want to work on your own, you have to work hard and if you want to reduce your work, you have to hire employees. Your hard work or time will depend on how much you are investing and how much manpower you are applying. If you go to do all the work alone that takes 10 days to do, the same work can be done in one day if 10 people do it. 

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How long will it take for the business to start?

Once you start an e-commerce business from home, the time will depend on how much money you are investing, how much you are marketing, and what kind of product you are doing business with. By paying close attention to the issues discussed above, you will be able to calculate for yourself how long it will take you to start an e-commerce business.

Above all, our advice: If you want to start an e-commerce business from home, first get to know it well, do research, get an idea about the product, get to know the e-commerce well, then get started. Also if you have any questions about this you can comment in our comment box and we will try to solve it.

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