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Human Resource Mangement

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Submitted By sahiraRJ
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Pages 9
Analys the business idea
Electronic online shopping: Starting an online store has advantages over having a physical storefront: there's no rent to pay, and you can reach millions of customers from the comfort of your own home. To have a shot at success, however, it's a good idea to put as much thought into starting an online store as you would for any other business. You'll need a great product, a user-friendly website, and a solid marketing plan. Read on to learn how to get started. If you want to start an online store, you probably already have an idea for a great product to sell. Keep in mind that certain things are conducive to selling well online, while other items may be more difficult to sell when they can't be viewed in person. In any case, you should believe passionately in the value of your product - otherwise, it will be hard to connect with customers. Here are some questions to consider: * Is it a physical product that needs to be shipped, or is it a digital product that can be sent through the Internet? * Are you going to have an inventory (more than one) of each product, or will they be one-of-a-kind (e.g. artwork, vintage items)? * Are you going to want to sell a wide variety of products, or do you plan to specialize, like selling just t-shirts or books? * Are you creating the product yourself? If so, make sure you'll be able to keep up with demand. Form a relationship with a reliable supplier. * If you don't plan to make the product yourself, you'll need a good manufacturer. Research different companies to find the one that works for your business idea. * Decide how your product will be shipped. Create a plan to ship the product from your home efficiently, or work out a storage and shipping plan with a warehouse. You could also look into drop-shipping if the product is being manufactured by a third party. * You are going

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