There is a number of E-commerce solutions out there, you need to understand what you need before choosing the solution. We have experience and can help you solve the problem and make sure you make the right choices.
Unfortunately, E-commerce is not cheap and can require a very big investment upfront, done correctly the returns can be rapid and you can achieve a return on investment in a moderate time frame.
E-commerce is great for managing a product from start to finish, with E-commerce you can manage supplies and suppliers, your stock, to make sure you are never out of stock. With the correct implementation, E-commerce can be the difference between success and failure.
With E-commerce, you can manage products and promote the products that perform the best and target products to your customers for the best conversion rates.
E-commerce done correctly will make sure that the site is useful on mobile devices, in 2015 60% of all sales were attributed to smartphones. This means any E-commerce site it’s critical to factor in mobile devices into any project.
By 2017, mobile commerce will account for 24% of the global ecommerce market.
Google released its mobile search engine in March 2018 and it means that more focus on mobile means better results which suits all E-commerce sites.
WHAT DO YOU NEED TO HAVE AN E-COMMERCE STORE
Nothing but time and the will to learn, could you set up your own store? The answer to that is yes you could. There are a number of online companies offering ready built E-commerce platforms to the average seller, and most of these services can be used via a mobile phone.
What you don’t realise is the cost of the fees attributed when you start using these services, here are the typical fees you can expect pay.
You will be charged a listing fee of $0.20 USD for each item that you list for sale on Etsy.com
When you make a sale through Etsy or Etsy Studio you will be charged a transaction fee of 3.5% of the price you display for each listing plus the amount you charge for gift wrapping.
Let’s say you have a store making 20k per year, that is a cool £700 per year you would have to pay on transaction fees alone and over a 5 year period you will have paid out £3,500, this does not include the listing fees or the payment transaction fees.
If you read the fees page on ebay you will notice that all auctions incur a 10% final value fee, IE if your item sells for £100 ebay get £10, effectively leaving you with only £90 and this does not including Paypal fees or the insertion fees.
While these selling platforms are good for directly reaching the client they do cost a lot of money in the process in fact I would go as far to say the money you spend via Ebay and Etsy in fees you just as well set up your own e-commerce site.