If you are a huge company you probably have financiers and economists within the company that this is part of their job. But if you set up a venture from the beginning? Even an online commerce store probably does not have the knowledge of how to design an ecommerce business, these are the points that a professional will be able to present to you in an organized way that you may know but did not bother to check in depth. Ecommerce is taking over the world; take a look at Amazon and the profits that they are yielding. That is because the digital era has taken hold like no other year.
All businesses are based on fixed costs and variable costs and bids on manpower and against them revenue. Even for your venture, in order to plan correctly, it is advisable to know the world of e-commerce in depth, which can save you the wrong assumptions and assumptions at the planning stage and endanger the entire venture.
When you come to start an ecommerce business most often the part of manpower expenses you forget to weigh. Why because most of the time you will answer “I do all the work” This is a correction that requires correction – your business is not you. And at the planning stage it must be thought of as such.
Using the right funds for the right things
In a utopian world you have all the money in the world to “do it right”. In this world in planning a business weighs all the expenses, including the real salary of the roles you plan to perform yourself. Next you can decide if the “savings” profit of your salary serves the business or not, but first let’s understand on paper “how much” it costs you and how much you think you will earn. This mental leap of whole business planning on all its parts down to the detail level of monthly cost for example of web hosting is the meaning of business planning. It does not matter if you do the business plan to raise money, to take a loan or even to convince your partner. It is also important for yourself to place all the numbers (but all of them) to get a true picture of the venture.
What kind of finances does your business need? Will it require certain products that need to be imported; such as sea salts from the dead sea? Perhaps you need shipping products, such as the right cardboard or plastic packaging. Then you must include your ideas for marketing within any strategy. If in marketing we talked about advertising and public relations branding, in digital marketing we will talk about Google, Facebook, social marketing and click funnels. Cost of Google Advertising Management? Cost of Facebook ad design? How many ads are needed on average per month. It all comes down to expenses so this is something to thoroughly research beforehand. And the higher the resolution, the closer you will get to reality and you will be able to make more informed decisions for a better future in 2021.