Are you looking to start an e-commerce business? So naturally, the question that comes to your mind is how to start or what are the steps to start? In today’s article, we will try to give a complete step-by-step guide on starting an e-commerce business in Bangladesh. So that you can easily get a good idea about the beginning and end of creating an e-commerce website and everything that will be needed to do your business development. So let’s start knowing the guideline fromA-Z of creating an e-commerce website.
What is E-commerce?
Let’s first know what e-commerce is. It is very crucial to know what e-commerce is because if we don’t know what this business is or how e-commerce works, we will not be able to run the business well.
E-commerce is basically known as internet commerce or electronic commerce. Where products are bought and sold using the Internet and money or information is exchanged. In e-commerce, it is mainly used to buy and sell physical products. But in other words, the process of all kinds of business transactions through the Internet is called e-commerce. Basically, e-business refers to the management of online business and e-commerce refers to the exchange of goods or services online.
What are the things you will need to do e-commerce business? The first thing you will need is a product or service that you will sell online. And the second thing you need is a website to sell your product or service online.
The first thing to run a successful business is the product or service that you already have in stock and the second thing you need is a beautiful website.
Where your product or service will be beautifully described and the customer can order from there if you want. Now the question naturally comes to your mind how much does it cost to create a website or where and how to find a good website in Bangladesh?
I told you at the beginning of this post that you need to start a successful e-commerce business and we will discuss step by step in this post. So you do not have to worry.
If you read this post carefully, you will know about the cost of creating an online shopping website and the organization of creating a good website in Bangladesh. As well as what to consider when creating a website? We will discuss that in this post.
Financial and Emotional Preparation
Before starting your e-commerce journey, ask yourself if you are mentally and financially ready. Because in the current context,e-commerce business in Bangladesh is a very challenging. Many small and big companies are doing business in the market of Bangladesh including Daraj, Evaly Picabo, Ajkerdil. So to survive in this market you will need enough emotional and financial support. You need to plan ahead to overcome the challenging moments of the business and how to survive in the market and move the business forward.
E-commerce is a lucrative business. There is also competition in the big market like Bangladesh market, so before starting you have to consider the quality of different products, prices and psychological aspects of the buyers. In the case of product research, I have to look at the market price of the products I will be working on. What other sellers are selling it and what is the demand in the market? Or do I have the ability to compete with the big e-commerce sites in the products I will be working on? Considering these aspects, product selection has to be done.
Organization Name and Domain Hosting Selection
The real identity of an organization is its name or brand. People will recognize your organization by its name and this name will become a brand one day. So choosing the organization name is very important. It is also crucial to choose a domain name that matches the name of your business. Since it is an online-based organization, it is very important that the name of the organization and the domain name are the same.
You need to take care of some procedures such as licensing trade in the name of your organization and resolving trademark issues. If you want to trademark your name, go to the copyright office and register it by paying a certain amount of fee. So, no one can copy the name of your organization in the future.
You have to choose domain and hosting services from a good domain and hosting provider. You can also buy a domain ShareWebHost website.
One thing to keep in mind when hosting is your customer base, the amount of traffic you can send to your site per day or per month or you choose the hosting based on your capabilities. In this case, it is better to avoid shared hosting, otherwise, the site may go down when many visitors will visit your website at once. So it is better to have a dedicated server. In this case, Linux, VPS, or cloud server may be the first choice for you.
The Best Website Creating Company in Bangladesh
You can create your website in two ways. You can take website-making service from a good freelancer of an established company in Bangladesh.
There are a number of companies in Bangladesh who create websites. You know, there has been a lot of improvement in the ICT sector in Bangladesh recently. When you are a beginner then you have no idea about the technical aspects of the website then you can take the service directly from any organization without hiring a freelancer from the marketplace. Because it would be better for you to go to their office and talk to them directly and get the details of their service.
Sharewebhost is an established website design and development company in Bangladesh. We have been operating our service for four years with a very good reputation. Many established big corporate companies in Bangladesh are our clients and they are all satisfied with our service.
When it comes to building a website, another concern for small business owners or those who want to start a new startup is how much does it cost to build a website or how much does it cost to build a website? There is a saying in the rural areas of Bangladesh that the sweeter the molasses, the more you invest, the more you will get the outcome. If you have a sufficient budget, then you can create a very good quality high speed, secure site. The minimum packages of very good quality website service providers in Bangladesh usually start from 20 or 25 thousand. The cost will depend on how much your budget increases or your needs increase.
You can basically market in two ways:
1. Online marketing
2. Offline marketing
You can reach your desired customer only through marketing. In today’s competitive market you must take steps properly. You can present the quality of your products and service to the customers through marketing. Let’s know the details of online and offline marketing:
Online Marketing: Online marketing is a very effective and popular way to present any business virtually.
This will allow you to reach your targeted customer perfectly. There are two types of online marketing, free marketing, and paid marketing. In the case of free marketing, you can promote your company’s Facebook page, Twitter, Instagram, Pinterest, LinkedIn, or YouTube video. On all these platforms, you can also run paid ads to reach targeted audiences in a faster way.
However, you can publish your product-related blog articles on your site and if they are brought to the top of Google by proper SEO, you can get your desired visitors directly from search engines.
Offline Marketing: Offline marketing means physical marketing, such as putting up festoons, banners or posters at different leaflet distribution sites related to your product. The type of marketing you choose will depend on your budget.
No matter if it is online or offline marketing. As a new organization, you have to do marketing properly, so you have to set a separate budget for marketing.
Payment and Delivery System
Customer needs to make the payment as soon as he orders the product of his choice. So, your e-commerce site needs to have a conventional online payment system. The cash-on-delivery system must also be turned on so that he can order the product and understand the product by completing the payment at the time of delivery. Many e-courier services in Bangladesh offer cash on delivery. You will receive your desired payment in your bank or bKash account within two to three working days of product delivery. Most importantly you need to choose a good courier service. Customers will be assured when they know where the product is located.
After Sales Service or Customer Support
In Bangladesh, a class of insidious people has been cheating people in the name of various online e-commerce businesses. You must have a good customer service system to keep people free from these. If there is any problem after purchasing the product, the customer can talk to your customer care and change the product or get cashback.
Remember, after all, your customer is your capital. If you can get satisfaction by providing good service to one of your customers, they will do the marketing themselves. They will inform their friends or the people around them about your service. Gradually you will become an established brand.
Due to the recent COVID-19 situation and the availability & use of the internet in everyone’s hands, people are very interested in taking digital services. Bangladesh is a populated country. Peoples’ demands are endless here.
We hope our E-Commerce Business Starting guidelines will be very helpful to you. Got a good idea about all the guidelines that will help you start your own. If you want to know more about this, let us know. we will try to publish the content of our site.