As a wannabe entrepreneur in your 20s or 30s, you may be worried that starting your own company is out of reach. Many people in this age bracket don’t have a lot of savings to fund a startup, which can be a challenge. However, there are business models that lend themselves to younger entrepreneurs without a lot of cash.

 

Ecommerce is one great example—and now is a great time to enter the field, as the sector is seeing consistent growth. Based on our own experiences, we’ve put together this resource guide with some tools and tricks you need to get started.

 

Set Up the Administrative Side of Your Ecommerce Business

 

Taking care of the practical points of starting a business lays the groundwork for success.

 

  • Conduct market research to ensure your ecommerce idea is viable.
  • Draft a business plan to outline how your ecommerce venture will be run.
  • Decide what type of business entity to register your company as.
  • Figure out your local, state, and federal tax obligations.

 

Determine How to Fund Your Startup

 

You’ll need some money to get inventory, set up your website, invest in marketing, and more.

 

  • Use an online startup calculator to figure out how much money you’ll need.
  • Look into different types of startup funding, from loans to crowdfunding.
  • Set up a business bank account to hold all business-related money.

 

Build a Strong Brand to Attract Your Customers

 

Savvy marketing will help grow your business (and your profits)!

 

  • Work with Awesome Website Guys to create a customized and optimized website. 
  • Ask yourself the necessary questions to define your brand identity—what helps you stand out from the competition.
  • Set up a user-friendly website, which will serve as the cornerstone of your ecommerce business’ online outreach.
  • Write out a comprehensive marketing plan.
  • Invest in inexpensive marketing strategies to get your ecommerce brand seen.
  • When sharing images with a marketing professional, use a JPG to PDF conversion tool to easily email your visuals.

 

If you’ve decided to start an ecommerce company, you’ve made a smart choice. These businesses tend to have low startup and overhead costs, making them a great pick for first-time entrepreneurs. Consult this resource list to help guide you through the process of getting your startup off the ground.

 

Guest Post by: Leslie Campos