Beginner eCommerce Mistakes That Can Cost You THOUSANDS
Published on: December 13 2022 by Anton Kraly - Drop Ship Lifestyle
Starting an eCommerce business can be exciting and profitable. However, making beginner mistakes can end up costing you thousands of dollars. In this article, we will discuss some of the most common mistakes made by new eCommerce business owners and how to avoid them.
Mistake #1: Not Conducting Market Research
- Failing to research the market can result in offering products that have no demand or are already saturated in the market
- Conduct thorough market research to identify target customers, competition, and industry trends
Mistake #2: Poor Website Design and Navigation
- A poorly designed website can lead to a high bounce rate and lost sales
- Ensure your website is visually appealing, easy to navigate, and optimized for mobile devices
Mistake #3: Ignoring Search Engine Optimization (SEO)
- Not optimizing your website for SEO can result in low search engine rankings and missed opportunities for organic traffic
- Research and implement SEO strategies such as keyword research, meta tags, and link building
Mistake #4: Lack of Social Media Presence
- Not utilizing social media can result in missed opportunities for reaching potential customers and building brand awareness
- Create social media accounts and regularly post engaging content to increase your online presence
Mistake #5: Poor Customer Service
- Neglecting customer service can result in negative reviews and loss of customers
- Provide excellent customer service by responding promptly to inquiries, resolving issues, and providing a positive shopping experience
By avoiding these common beginner mistakes, eCommerce business owners can save themselves thousands of dollars and set themselves up for success. Conducting market research, optimizing website design and navigation, implementing SEO strategies, utilizing social media, and providing excellent customer service are crucial to building a successful eCommerce business.
Table of Contents About Beginner eCommerce Mistakes That Can Cost You THOUSANDS
In this podcast episode, Anton Corelli from e-commerce lifestyle talks about the four beginner mistakes that can cost you thousands of dollars. These mistakes are related to pricing, buying turnkey opportunities, working with supplier directories, and business partnerships.
Mistake 1: Pricing Errors
- Editing errors in CSV files can cause pricing mismatches.
- Spot check the product prices before turning on paid traffic.
- Go to the source and work directly with the brands to avoid these errors.
Mistake 2: Buying Turnkey Opportunities
- Turnkey stores are copy and paste clone templates with no real margin.
- These sites are too good to be true and a waste of money.
- Avoid buying them and save yourself thousands of dollars.
Mistake 3: Working with Supplier Directories
- Supplier directories pitch based on potential profit.
- The prices on these directories are more than other websites.
- Go direct to the source and work with the brands to get true margins.
Mistake 4: Business Partnerships
- Beginner partnerships can lead to problems with money and work.
- There may be resentment over time if the numbers don't make sense.
- Avoid partnering with anyone in the beginning to save yourself thousands of dollars.
By avoiding these four beginner mistakes, you can save yourself thousands of dollars in e-commerce. Work directly with brands, avoid turnkey opportunities and supplier directories, and be cautious with business partnerships. These tips can help you succeed in your e-commerce business.
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