When it comes to Canada, it is a big market for e-commerce business. People are ready to invest anywhere but do not want to do anything. Below, we will discuss some online e-commerce businesses in Canada, which can help you make a big profit. And also, if starting an e-commerce business in Canada is difficult or not.
For a few decades, E-Commerce has been becoming more and more popular across the globe. Recently, many people are switching to E-commerce business as they find it trendy and comfortable too. So if you talk about starting an E-Commerce business in Canada in 2021, we need to see different factors and things associated with starting up a new business setup.
The Best Ways to Start an E-commerce Business in Canada
Firstly, people need to look at various opportunities on the internet and the market demand for different products. You can have multiple options to start a business, but you need to select the best one out of those choices.
1. Affiliate Marketing
When we talk about the e-commerce business in Canada, affiliate marketing will always come first. But the question is how to start such a company that can provide us profit in the future. So, let us discuss some simple steps on how to establish an affiliate business in Canada. When we talk about affiliate marketing, we are talking about setting up an e-commerce site.
Buying a domain: First of all, to start an e-commerce store in affiliate, we need a website. So, purchasing a domain is necessary. There are some well-known domain providers like Godaddy and Hostgator. Having a domain gives your business a separate legal identity. This way, there are maximum chances for your business growth and popularity.
- Selecting a Niche
The second most crucial step for affiliate marketing is to select your niche. Generally, niche means topic or subject, but here we are talking about the product we will sell on our e-commerce site. Without deciding your business niche, it will be tough for you to proceed further. Therefore, you should have proper knowledge about which niche you want to take as your own business.
- Writing Articles
We all know there are thousands of e-commerce sites even of the same niche, and some are listed on top. So, how could someone rank on the front page of google? The solution is to write articles about your niche frequently. It would be best if you kept in mind that articles should be SEO optimized. That will help you to rank your website on the front page of google.
- Dealing with brand
So, now your website is ranked on the front page, it is time to deal with brands. You will contact the top brands of your niche. Let us say you are selling Microsoft keyboards online. You will contact Microsoft regarding your website and show them some proofs of articles you have written. Now after the whole conversation. They will provide you an affiliate link; you will put that link on every article you have written.
Now let us say that 10 thousand people visit your website every day; now, there is no guarantee that every one of them will click on those links. Now, for example, 5000 people have clicked on that link. This means Microsoft will get PPC (Pay per click) of 5000 people from your website on that. Out of those people, Microsoft will give you the commission you deserve.
These were all steps of starting an e-commerce site—now moving on to the next example. We will be talking about an Amazon online store. Amazon store can give you immense profit if you do it right. Below we will discuss all of its steps.
2. Amazon Online Store:
Amazon is the gorilla of online business in the modern world. Let us say it can make you a millionaire if you do it right with the proper guidance or any other experienced person. And the good thing in our favor is that Amazon provides its services in Canada. Now, let us talk about how you can step up an e-commerce store on Amazon.
- Product hunting
When you are establishing an Amazon store, you need to do product hunting first. Now you must be thinking about the need for product hunting when I can think of the product myself. Amazon store does not work like that. Product hunting is the procedure of days, sometimes weeks. You need to find a high demand and low competition product if you want to earn some profit.
- Product Sourcing
Product sourcing is the procedure of finding a person who can provide you that product you have hunted. You need to make sure that you are buying that product at the lowest possible price to enjoy more profit. Some people buy products from Ali Express, as they provide products at less cost than Amazon, and sell them on Amazon. So you need to have a good search for the platform you will sell your products on. If you get an excellent platform to publicize your products further, you will have a good chance of getting more customers.
- Amazon Warehouse
After you have bought products, the next task is to make your product reach the Amazon warehouse. Because your products will be delivered to buyers from a warehouse, Amazon will charge 25% on every order to provide you this facility of warehouse and delivery.
Now you need to do the listing. Listing is to make an Amazon seller account. You need to prove that you have products stored in an Amazon warehouse.
Now your seller account will be at the bottom of the list. You need to rank your account on the front page as most buyers only visit the first page. You can do that by investing money in digital marketing, which will help your account rank at the top of the list.
Now the first three months, you will not earn any profit as you need to reinvest every profit in buying more products for the warehouse. After three months you will start making some profit for yourself.
Now, if I say you do not need to do anything, you can hire VA for all of that. You need to invest some more money as you gave to pay your VA for all those services. Now let us discuss who is VA and his role in establishing an online e-commerce store on Amazon.
- Who is VA?
VA stands for a virtual assistant. VA is a person who has a firm grip on establishing the root of an Amazon store. He is a product hunting and ranking professional. If you plan to start an e-commerce store on Amazon, you must hire VA to do all your work because it is professionalism what this store demands.
How can E-commerce bring benefit to you?
Low start-up cost
you can start right away, as you don’t need to accumulate a large amount of capital as if you are running a business in a market place, then you need to consider many factors. These factors include:
- Business location
- Interior and exterior design of the outlet/business place
- Hire good management staff for maintenance and sustenance of the business.
- Branding strategies such as advertisements, marketing, etc
Easy access to International markets
Once you have a suitable platform to run your business, you can also showcase your products to other markets. These can include international markets as well. This would be further beneficial for you as you will have a command and fame on the international level as well you can easily make more money.
Since you are not doing business physically in a marketplace but online, you don’t have to spend much on hiring new staff. You can easily hire someone online and outsource your work to them.
This way, you do not have to pay much from your budget and will be able to focus on your business entirely without any hassle. You will also be in touch with the assistant, and you can be able to look at his performance, even on the status of your business growth.
These were some of the pros of E-commerce and why people find it easy to switch to e-commerce businesses. Therefore, we hope you will find our guide a complete source of information for you, and you don’t have to surf to any other website for further info content. Still any queries or suggestions, then feel free to leave a comment below.