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Explained: Ecommerce Jargon For Newbie Online Merchants – Part 2

Posted on October 20, 2009by DESMOND K

Every day, it seems that about a dozen new ecommerce terms are introduced to the online business community. Some catch on, but many are condemned to the dungeons of forgotten and unused ecommerce jargon forever.

In the first part of this series we talked about SEO, SEM, hard goods and soft goods, Internet merchant accounts and conversion rates. We continue this series with 5 more terms which should interest web store newbies. Most of these terms have been around for a while so it’s useful for a web site shopping cart owner to know what they actually mean.

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Ecommerce Startup

3 Basic Inventory Points For New Merchants To Ponder Over

Posted on October 19, 2009by DESMOND K

Starting your own online business is always exciting. However, there is one aspect that many new merchants overlook: Inventory. Not many home business opportunity online owners are aware of this but inventory issues can seriously affect a business. Inventory management is a balancing act which requires serious thought. To avoid inventory problems, many new merchants have opted to employ the services of drop shipping suppliers such as Doba. Such services may suit some merchants, especially those selling more contemporary products. It also solves any storage space issues new merchants might have.

However, many merchants prefer to have full control over every aspect of their business from the get-go. For these merchants, here are a few considerations for making decisions with regards to inventory… (more…)

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Ecommerce Startup

Web Store Budgeting Tips For Newbies

Posted on October 16, 2009by DESMOND K

Out of 10 people who dream of starting their own online store, only ONE actually makes that dream a reality. Many sign up for free trials but most lack the confidence to sign up for a paid shopping cart service. But those who do actually sign up surprisingly progress really quickly in terms of store set up and marketing.

It’s obvious that these folks did quite a bit of homework before signing up. This does work, and we encourage everyone with the intention of starting up a home business work at home setup to do the same.

To help you get started, we will be looking at budgets – a brief look at how much should be put aside to run a web store for a year. Just to digress a little, beware of sites promoting absolutely free home based business opportunities. Many of these claims are just bait for clever scams. As far as we know it takes a bit of effort and some money to get a home business work at home setup going. Money-wise, all you need is a small business start up financing plan to get a clearer picture of what you might be getting into.

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Ecommerce Startup

Business Start Up Checklist – A Must For Every New Business

Posted on October 15, 2009by DESMOND K

Starting your own online business is a serious matter and a big step in your life. There’s a lot of time, money and effort involved and therefore every effort must be taken to ensure that everything is sorted out before your business gets underway in order to prevent any surprises later on.

To help with this, a business start up checklist is a must. The following is a 6 point basic business start up checklist that’s simple and direct and specially tailored to online home business entrepreneurs.

Read on to see what should be on your checklist…

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Internet Marketing

What Sells In A Sluggish Economy?

Posted on October 14, 2009by DESMOND K

The unemployment rate is still high and the global economy is still in early recovery mode yet the number of web stores is still growing. Are these new online merchants crazy or do they know something others don’t?

Many people ask, “What is the best home business opportunity or what is the best Internet business to get into?” Maybe they have been asking the wrong questions. We’ll try to point out what the right questions are in this article. Most successful merchants aren’t geniuses. You don’t need to be a rocket scientist to run a web store. In fact, successful merchants are those who ask the simplest questions every time they are confronted with a new challenge. In our current economic situation, the million dollar question is, “What would people buy when times are hard?”

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Ecommerce Startup

Got An Online Business Opportunity? Here’s Why You Should Take It.

Posted on October 12, 2009by DESMOND K

There are reasons why more and more people are starting up web stores. Every year more than half a million people in the US alone set up new small businesses regardless of the economic situation. And these figures do not include the many more who work from their homes either part-time or full-time.

“Being an entrepreneur is all about risk and innovation, not timing the market.” – Jason Shellen, former Google employee

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Ecommerce Startup

Advice On Starting Your Own Business

Posted on October 11, 2009by DESMOND K

Starting your own business can be daunting. There are just so many things to consider that sometimes you might feel you’ve left something important out. Though there are many advantages of starting your own business and the rewards may be great, there are still risks that need to be considered. Many businesses succeed but for each of those that thrives, there are many others that fail. The ones that succeed have a few things in common.

Not everyone who wants to start their own business is unhappy with their current salary or work environment. Some just have the urge to start something of their own which they could perhaps one day leave to their children as an enduring legacy. Others want to be their own boss and maybe earn a little extra to finance the purchase of a dream car without jeopardizing the kids’ college fund.

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Shopping Bots – An Online Business Opportunity To Make More Money

Posted on October 10, 2009October 9, 2009by DESMOND K

Shopping bots are also known as price comparison sites. Consumers use shopping bots’ search engines to look for particular products and then compare prices and other available information such as consumer ratings and reviews.

Shopping bot and price comparison services are growing at a rate of over 30% per annum. Such services have become so popular that many have been bought up by industry giants like Microsoft.

Traffic arriving from such sites is targeted and the likelihood of a visitor ending up buying something is high. Which is why many online stores register with shopping bots. If you are an business opportunity seeker who has just started a web store with an easy shopping cart and you’re looking for an online business opportunity to make more money, making use of shopping bot and price comparison services could be very useful.

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