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Start Ecommerce Business

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Ecommerce business is a business model where buyers and sellers exchange goods and services with consumers over the internet. Here’s how to launch your ecommerce business and reaching millions of online shoppers

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What is an ecommerce business?

4Ecommerce business is a business model where buyers and sellers exchange goods and services with consumers over the internet. Two common types are Business to Consumer (B2C) ecommerce and Business to Business (B2B). Where B2C focuses on selling products to shoppers (or the end customer) and B2B sellers focus on selling products that other businesses needs.


Requirements to start an e-commerce business

Ecommerce businesses record great profits and break new records every year. No wonder, after all, it makes life easier and more efficient for all of us. You have to be here to exist!. Just Getting Started? here are the most important steps to follow. More details will be discussed below.

Research your business idea to come up with a product that will meet a customer need.
Validate your product idea by talking to potential customers.
Consider how you will sell and ship your product to online customers
Source products as a distributor by procuring inventory or manufacturing your own.
Select online selling channels, which may include Medshop, your own website, or both
Build your online storefront with Medshop and add products.
Prepare an ecommerce fulfillment strategy to deliver orders to customers.
Attract customers with ecommerce marketing and promotions, and other ways to grow your business.

Create your Medshop seller account 

Starting an e-commerce business won't be difficult.

There are many considerations, but Medshop is the place where all these doubts will disappear.
Many online businesses started small, selling only one or two products online, and grew from there.


If you're thinking of starting your own e-commerce store or looking for tips and ideas on how to go from traditional to digital, learn more about

Starting an e-commerce business from scratch
Running a business on the Internet
Product marketing and promotion
Frequently asked questions about e-commerce business


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5 Milestones to GO

How to start an ecommerce business from scratch

Step 1: Research your business idea

How to start an ecommerce business from scratch

Before you start building a store, research your business plan to help make choices quickly and efficiently. There are several ways sellers decide what products to sell or build. Here are some common decisions to make when trying to start your ecommerce business.

Find problems to solve

Finding a problem to solve for a specific audience is crucial for successful ventures. Some ideas—however innovative—can fail when they don’t have customers to support them.

What problem do you want to solve? Who is most affected by this problem? Who would be most pleased with a solution to this problem?

For example, do you want to make high-quality Face Masks? Then professional users who work in healthcare can be loyal customers. Do you sell sports equipment? So instructors, clubs and regular clients can be your best audience and fans.

Think about the solution to the problem and the challenge that your product can meet. Identify users who will appreciate what you are trying to create and make sure they remember them. This will guide your priorities.

Be a careful observer to find great product ideas.

You don't have to look far to find a good product idea. Often people sell to a familiar group because it is so much easier to quickly spot problems and identify needs. Think about your own interests, empathize with the other person to identify product opportunities for people with similar interests or problems.

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Questions to ask yourself when looking for product ideas

The easiest place to start looking for a business idea is your immediate surroundings. Learn about the problems people face, their goals, aspirations or challenges of the people around you, then find products that help them.

By being a careful observer, you can come up with a solution to a problem and an idea for your business that you can search for and sell online

By being observant, you can come up with ideas for your business that you can then research online:


►What problem points do you have that you want to solve?
►What flaws or complaints do you have about the products you currently use?
► What trends in the world have you noticed that you can earn from?
►What comments do you hear from people about the products they use?
►What activities do you like to do? What products would help streamline these activities?

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Use keyword research tools to spot trends and opportunities

When it comes to selling online, your passion will not necessarily translate to success. You need to figure out whether customers want the product. Use online tools like Google Trends to research trending products, look up questions customers may have, and determine what their current solutions are. .

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Product already exists?

If your idea or product is already on the market, don’t worry: You have a couple of options. Namely, you might be able to offer the same product at a more competitive price point, or provide a better alternative product. Plus, the fact that the product is already out there is validation of market potential—that’s a good sign!

Read customer reviews of the existing products to find out where your competitors fall short. Tally the complaints and look for patterns. Next, do your research and figure out how much it might cost to solve the issue.

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Step 2: Validating your product idea

How to start an ecommerce business from scratch

The more time you put into validating the product, the better your chances of succeeding. Once you've pinpointed your business idea, research how similar products perform and what potential customers might be looking for.

Talk to potential customers to validate your idea

One of the easiest and most cost-effective ways to find out if your idea is worth pursuing is to talk to people who are potential customers or users. Once you have identified a problem worth solving, talk to the people who are most affected by the problem and its other characteristics.

Reach out to a small group of people to understand if they face the problem you’re trying to solve, and find out how they currently deal with this challenge.

Offer your potential customers a cup of coffee. During this time, use your meeting to talk about the challenge and see if the problem is something they would pay money to solve, or if they don't mind too much. Avoid mentioning the product you have in mind as this may affect the responses you receive. Instead, focus on how they feel about the challenge, how they currently deal with it, and whether they would pay to fix the problem. If so, how much would they be willing to pay? Asking these questions can help you find out if a product is eligible for your audience.

Learn

Product already exists?

If your idea or product is already on the market, don’t worry: You have a couple of options. Namely, you might be able to offer the same product at a more competitive price point, or provide a better alternative product. Plus, the fact that the product is already out there is validation of market potential—that’s a good sign!

Read customer reviews of the existing products to find out where your competitors fall short. Tally the complaints and look for patterns. Next, do your research and figure out how much it might cost to solve the issue.

Learn

Focus on products that are easier and do not require too much commitment from you

-Are easy to package and ship
-Have branding potential
-Are affordable for customers
-Have a long shelf life

Products that may be difficult for a new entrepreneur to sell are:

--Food and perishables
-Products with a low profit margin
-Heavy or bulky items, or products that are expensive to ship
-Highly competitive products (check the amount of customer reviews)
-Complex items or electronic products

Products to avoid are:

Patented or trademarked products (unless you own the patent/trademark or are certified as a reseller)
Restricted products. Depending on the selling channels you use, there may be restrictions on the types of products you can sell. It’s a good idea to check the restricted products list before you start buying inventory to make sure you won’t run into any unexpected challenges.

Help protect your brand with Medshop Brand Registry

Prevent the unauthorized use of your brand through Medshop Brand Registry. This program is built for entrepreneurs who have an existing trademark or patent. It includes access to tools that enable you to better represent a brand and find and report violations.

Step 3: Sourcing your products

How to start an ecommerce business from scratch

Once you’ve figured out what you will sell, and who the products will serve, the next step is to find the right source for the products.

Good products will help your new online business thrive. The key is not only choosing the right product, but also the right source for products. Here are a few options for sourcing ecommerce products.

Create your Medshop seller account 

Resell existing products

Reselling is a popular choice for Medshop selling partners, as it can be cost efficient and relatively easy to get started. Online directories and listings can help you find suppliers for products. You will need to contact the vendor, order products, and ship them to your business or storage location. Then, ship them out to customers once the products sell. Finding and building relationships with suppliers can not only lead to more affordable procurement, it can also secure a steady supply chain for your business in the future.

How to find suppliers for your business

Work with a manufacturer

Working directly with a manufacturer to build products can give you higher potential for growth, but it’s also the hardest path for a new seller to take. It will take time and funding to find the right manufacturer, work with them to build prototypes to your specifications, and eventually make your first order. Once you’ve built a new product, you will have the potential to create a distinctive brand that will help you stand out from the competition.

How to sell branded products in Medshop stores

Step 4: Choosing an online selling channel

You have many options for selling products online. Set up a website and host a branded ecommerce store on your own domain name, or sell products on an existing ecommerce website like Medshop—or choose to do both!

Setting up your own domain and ecommerce website

Efforts like search engine optimization, social media marketing, or online advertising can help drive traffic, but will require time and resources. You’ll also need a process for handling orders and fulfillment once orders start coming in. This can be challenging to take on while trying to run your business.

Selling on an existing ecommerce website

Using an existing selling website that already has traffic can help you start successfully selling online sooner. Plus, this strategy gives you a chance to learn about what works for sellers, get reviews, and generate revenue before investing in your own website.

Selling on an existing website also eliminates the risk in investing too much time and money on a product before you’ve built a customer base. Existing ecommerce websites will typically have brand or market awareness and initiatives to drive traffic.

Learn more about Brand registry

Selling in Medshop stores

Medshop is a powerful medical channel in terms of reach,
With a much greater reach than the most famous platforms due to medicine.

Medshop’s suite of tools can help new and existing business owners reach those customers with its product-focused infrastructure.

How to find suppliers for your business

  • ► Benefits of selling on Medshop for new and existing ecommerce businesses include:
  • ► Speed: Get a store up and running quickly thanks to the minimal work involved in setting up the store.
  • ► Scalability and efficiency: Selling in Medshop stores frees you up to create and sell great products—you don't have to solve every business problem. Use Medshop’s infrastructure, tools, and customer reach to grow your business.
  • ► Reach: A listing in Medshop stores has the potential to reach more than million customer.
  • ► Ecommerce support: Use Medshop’s tools for processing payments, collecting reviews, running promotions, and even A/B testing of product pages at scale.
  • ► Community: Learn how to succeed in online selling through University of Vendors, a free online tutorial, and plug into a community of driven entrepreneurs through Seller Forums, an online discussion board for Medshop sellers. These resources can be a valuable source of information for troubleshooting and support for your business.
  • ► Built-in SEO: Medshop product pages are built to serve search engines the right content and show up competitively in search results. When you launch products in Medshop stores with well-written product pages, you’ll be primed to rank competitively for the keywords and product searches relevant to your brand.
  • ► Market Awareness: Various customers, from the home user to the professional come to Medshop to buy products. That's why it's the perfect place to search for products.

Working directly with a manufacturer to build products can give you higher potential for growth, but it’s also the hardest path for a new seller to take. It will take time and funding to find the right manufacturer, work with them to build prototypes to your specifications, and eventually make your first order. Once you’ve built a new product, you will have the potential to create a distinctive brand that will help you stand out from the competition.

How to create store

If you’re new to ecommerce, you may want to start small and scale up. Selling on your own domain might allow you to customize your entire website and online experience, but this takes work and you’ll have to compete on the internet to get customers to your store.


If you already have an ecommerce store but want to drive more traffic, selling in Medshop’s store can help you get products in front of even more potential customers, expanding your brand visibility and reach.


You can choose to start selling in Medshop stores and add another ecommerce channel after you grow your business. Medshop is a piece of many online business strategies, but it doesn't have to be the only piece.

Working directly with a manufacturer to build products can give you higher potential for growth, but it’s also the hardest path for a new seller to take. It will take time and funding to find the right manufacturer, work with them to build prototypes to your specifications, and eventually make your first order. Once you’ve built a new product, you will have the potential to create a distinctive brand that will help you stand out from the competition.

Step 5: Setting up your online store

Once you’ve figured out what to sell and who you’ll sell to, it’s time to get your business up and running.

Business name

Your business name will represent your brand, so choose something memorable and simple for customers to type and recall.

If you have a clear idea of what you’re going to sell, brainstorm names by looking at other brands in your industry. Or, a name might pop into your mind immediately. While it may work for rock stars, it’s best to avoid numbers and complicated symbols. Keep the brand name simple and easy to pronounce.

Branding will help an ecommerce store stand out in the market. It’s important to create a memorable impression that will attract repeat customers. You don’t want the product to get lost in a sea of competitors without distinct characteristics.

Building your online storefront

A great way to validate your business idea is to start taking orders. The sooner you start, the better! Here are tips to help you build a store effectively.

Creating competitive product listings

Product descriptions are what customers will read to decide if the product will fit their needs. Write a thorough description and include everything the potential buyer needs to know to make an informed decision.

Inaccurate or incomplete descriptions can lead to problems, complaints, increased returns and damage to your reputation, so try to be accurate in what you do and write clear descriptions. Descriptions don't have to be boring. Put yourself in the shoes of your customers and come up with captivating, interesting, and even funny descriptions if necessary of how they might use your products.

Learn more about Brand registry

 Launching and running your online business

Once you’ve set up an online store, it’s time to take care of running your business. You can create a good online experience in a number of ways. Having accurate product descriptions, a fast checkout experience, timely delivery, and an easy returns process is a great start. A good amount of reviews from other shoppers will go far, too.

Ecommerce fulfillment: storing, shipping, and returns

How will you store, ship, and handle returns for products?
When you start building your online business, create a process for handling shipping and returns. To keep things simple, it might be best to find a space that is accessible and cost-effective to store and ship products. Some sellers use a place in their home (such as a garage) to store products. As your business grows, you may consider using third-party fulfillment to help you store, package, and ship products.

Learn more about Fulfillment

Capture and show reviews

Reviews can be a powerful ecommerce tool. Ideally, try to display reviews so they’ll be visible to search engines like Google, as well as customers who are shopping for products like the ones you offer.

Medshop automatically requests customer reviews on behalf of online sellers because reviews can have a positive impact on future sales. Brand owners selling in Medshop stores can also use a tool like Medshop Expert Review to get feedback on new products through a pool of Medshop Expert reviewers.

Expert Review are Medshop Experts who have a reputation (according to buyers) for having knowledge about products for which they get paid by issuing helpful product reviews. Through the Expert Review program, suppliers send the product to the selected Expert Review, when the service is paid The expert reviews the product and gives his/her review. When you're starting a new branded product, these reviews can help increase initial and future sales. This, in turn, can help future customers make informed purchasing decisions.
Find out about the Medshop expert review

Track business performance with ecommerce analytics

Analytics lets you see how website visitors are interacting with a store and products. Commonly, online selling channels have ecommerce analytics built into a dashboard or have an option to install a third-party analytics program.

No matter what solution you choose, check ecommerce analytics periodically to manage inventory. Analytics is also where you can evaluate account performance by tracking orders, assessing customer service and returns, running promotions and advertising, and beyond.

Once you get familiar with a store’s analytics, you’ll be able to understand how visitors interact with a store. Looking at a store’s analytics reports will also give you great information on how to diagnose and troubleshoot issues in the online shopping experience.

If you’re a registered brand owner selling in Medshop stores, Brand Analytics gives you access to advanced reporting such as:
Products winning the most clicks and conversions on strategic search terms
Products or brands that customers are reordering
Top products most commonly purchased alongside specific products
Breakdowns of customers by age, income, education, gender, and marital status

Ecommerce marketing and product promotion

Ecommerce marketing is vital to helping you start and grow your business. Running marketing and promotional campaigns will help you reach a broader audience no matter which selling channel you use.

There are a great many channels available to promote your products, make your choice of the first channel without pressure. Here is a brief introduction to each of the options available to e-commerce businesses.

Advertising and promoting your online storefront

Online store owners are able to run advertising campaigns in Medshop stores to get in front of the right shoppers. The following options all help to get the product in front of as many people as possible:

  • ► Produkty sponsorowane pojawiają się na stronach z listą produktów Medshop i mogą zwiększyć widoczność nowych produktów dla milionów kupujących Medshop.
  • ► Sponsored brands (available to brand owners) show a headline, logo, and up to three products at the top of a product search results page.
  • ► Lightning deals and coupons drive immediate sales and boost viability, especially when you’re trying to boost awareness of your brand.
  • ► Advertising can turbocharge product sales by encouraging reviews and driving sales from interested shoppers.

Learn more about advertising

Optimize display with A/B testing

We do not know what will attract customers and what titles or descriptions will attract buyers' attention, so tests were created to try out various advertising proposals.
A/B testing allows you to try out different value propositions and offers to find the best combination for products. For registered brand owners, Medshop's new A/B testing capabilities in the Manage Your Experiments tool allows you to run experiments on product pages to find out what content will drive the most sales. This can help you figure out the right combinations of titles, images, descriptions, and bullet points to help convert customers quickly.

Social media marketing

Given the vast amount of consumers who frequent social media websites, adding one or two social media channels to promotions and outreach can help drive brand and product awareness. To make the most of your time and effort, build a social media strategy for how you will promote your business, engage with social media users, court social influencers, and post content.
Choise social and you can Start

Start an e-commerce business in Medshop stores

Since 2013, independent retailers and brand owners have been using Medshop to grow their business. Medshop is powered by individuals and small businesses that capitalize on the scale and diversity of the audience that Medshop stores attract. The Selling Central Partner Network was created to help individual retailers provide customers with the widest possible shopping choice.

Frequently asked questions

FAQ

Pharmacy

Medicines, medical products, products for use dressings

New

Get ready  - > Start  selling today

Use branding tools, content, sponsored brands, Medshop stores and brand analytics to build and grow your brand internationally.

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