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What’s Involved in Setting up an Online Store

July 20 2016 | By Helen Baginska

When retailers close their doors, the demand for warehouse space and shipping services goes up. Why is that, you would ask? The answer is simple – the demand for online shopping is on the rise and it is not planning to slow down anytime soon.

Building an online store from scratch could seem like a complex and time-consuming task; but once your store is all set up, it requires very little attention. It is also cheaper, because you also will not have to pay a hefty monthly rent as you would with a regular window store.  It is a one-time investment that will benefit your business, help you grow, and expand your horizons.

We put together a few major points you should consider before you start.

Who will be your payment processing partner?

Choosing your banking partner always has to be the starting point. As a payment processor, we deal with a variety of integrated software solutions and shopping carts. We will help you figure out which option your business needs and we will be able to point you in the right direction.

Who will do your web design?

Finding a great web developer could be tough if you don’t have an in-house person. We suggest you do thorough research and ask your partners and friends for a referral. Try dealing with a locally based web developer who speaks your language and could meet with you to go over the details. It is important to build everything right the first time rather than redoing it later, so finding a qualified professional is essential to your online store’s success.

Which shopping cart are you going to use?

There are thousands of options out there and picking the right one could be overwhelming. We suggest you stick with the big players like Magento, which owns around 25% of the market and is compatible with the majority of gateways. Make sure you ask a lot of questions and cover every function you could potentially need as your online business grows.

Worldwide eCommerce sales account for over US$1.5 trillion dollars and your business should be a part of this massive growing market.

 

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