How to Start an E-commerce Website Development Business in Bangladesh
E-commerce Website Development Business in Bangladesh
E-commerce Website Development Business is one of the best examples of great business. Web sales are necessary whether it’s running an online-only store or adding online shopping to an established business. And if they want to increase your e-commerce sell then they should go to the e-commerce website development business.
They will quickly see their customers take their money elsewhere when they don’t find a way to sell their goods via the internet. As the shoppers cite numerous reasons for their online shopping preferences, it doesn’t require fighting through crowded stores and provides a larger variety of items to purchase.
And there are two options in businesses either run their own e-commerce websites or sell their goods in an established online marketplace. And businesses need several critical services and pieces of software to run their own e-commerce sites.
Steps to Start an E-commerce Website Development Business in Bangladesh
There’s never been a better time to start an e-commerce website development business with more than 206 million predicted shoppers’ spending money online this year. As the internet has become a major tool, it has fueled the development of the global business.
Also, it has made people able to carry out business transactions remotely. All this is possible with internet access. But, it’s not an easy task to start a web development business. It not only requires a certain degree of diligence but tenacity and ambition to begin working for you. In this case, you need to face some hard decisions that will impact the success and growth of your business.
Also related: Best Online Business Ideas in Bangladesh
We’ve compiled our most popular articles and guides into a comprehensive collection to help you get started. So, dive into the resources below before you get started if you’re thinking of launching your own e-commerce website development business.
Step #1 – Calculate Startup Costs
As everything has costs associated with it, find out how much you’ll need for an e-commerce website development business. That you’re going to need, make a list of the basic equipment. It might just be a computer and a phone at first. Also, you need to know the costs of registering your domain name and hosting your own website.
Moreover, you need not only business cards printed but a dedicated desk, stationery supplies and so forth. Besides, there are some people they hopped from one free trial to another for the first 6 months.
And download free trials of popular web design software as you’re at the starting stage. But, purchase the one you liked the best when you have the money. And this is essential to find out a good accountant early on so that you can make all accountings easily.
Step #2 – Establish Your Brand
It’s essentially how you’re going to brand yourself in an e-commerce website development business. As their brand, many web developers use their name. Since it can lend real personal attachment, it looks like a great effort. On the other hand, if you envisage your business then consider using a more formal name.
But, you might want to start out with a more formal company name if you have plans to maybe turn yourself into a something else. Either as an individual brand or a young company think about how you would like to be perceived. And as a freelancer thinks about what your potential clients will read into this and ask yourself.
Step #3 – Create Your Own Portfolio Website
As you’ll need something to point people about your own, you can create a website for your own. Stating the services you offer, provide a clear means for people to contact you, you need at the very least clearly one.
If you do this, we ensure that organizations or groups could benefit right now from your services. In this case, you may need to do some free of cost jobs. It may be in spec work or enter design competitions.
If you could provide them with a new website, a Facebook page, some banner ads, a blog, or whatever then whoever they are, they’d likely be extremely grateful to you. As you’re helping a worthy cause, you can do it for free or very low cost.
Step #4 – Fix your rates
Although it’s a whole separate debate in itself, you need to at least have a framework for establishing your rates. It’s not only difficult to ever raise your rates but takes much longer for e-commerce website development business.
In this case, you’ll get help when you’ll figure out your monthly costs of rent, power, phone bill etc. And then multiply it by 12 and add on what you’d like your annual salary to be. Now, you need to divide the whole by 48 to figure out how much you need to make in a week.
Next, predict about to do billable work for about 20 hours a week at first that’s a good place to start for your hourly rate.
Step #5 – Select your business structure
You’ll automatically be considered a sole proprietor (or partnership) if you don’t choose a business structure like a corporation or LLC. But, your personal assets are at risk while operating as a sole proprietor. Also, the court can seize your personal assets if your company is ever sued.
When it comes to your e-commerce website development business structure you’ve got several options. Some of them are below-
- Sole Proprietor
Step #6 – Develop a Sales Cycle
You might make you feel all tingly inside being a fabulous web developer. But, if you’re unable to sell your services then it means nothing. That’s why it’s essential to formalize a sales cycle. The sales cycle will be-
- Finding prospects,
- Cultivating your relationship with them,
- Educating them about your services,
- Offering your services to the right ones,
- Fulfilling their expectations,
- And developing that relationship with them
Step #7 – Find Your Community
There is a tremendous community of professionals who can support you in what you do that’s the great thing about being a freelance web developer. Communicative bunch of people is very openly. What you can do now start following people on Twitter, LinkedIn, Facebook and other social media platforms. Also, you’ll find other people out there who offer a lot to them. That’s why it’s essential to be sure that you’re involving in the communities where your customers are.