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Having multiple income streams when it comes to building generational wealth is one of the most commonly listed recommendations from financial advisors. One route to this is E-commerce business..
This is an approach from Olivia Starling, the founder and CEO of the jewelery brand. Starlet Galleria.. Whether she sells handmade earrings on creative TikTok videos or is moving thousands of dollars worth of merchandise on a fulfillment service, all e-commerce business owners want to grow their business. It states that there are some points to keep in mind.
Starling told the Digital Journal: Making decisions about products, platforms, and people to follow means that the abundance of choices is realistic and often leaves new entrepreneurs in the rabbit pit.
New e-commerce businesses are emerging every day, but only about 80% of them are successful.
Sterling’s Top 5 Tips That Allowed Sterling to Continue the Course in E-Commerce Business allowed her to grow and expand rapidly. They are:
Tip 1: Choose something and stick to it
Many entrepreneurs suffer from the syndrome of chasing bright things. All the small obstacles in their plans make something else look more desirable and “easy”. The truth is that you will never find the perfect product, a simple business model, or one that goes exactly as planned. A truly successful entrepreneur will stick to one thing and tackle all the problems, rather than jumping to the next shiny object.
Tip 2: Choose a platform and learn it both internally and externally
Whether you’re looking for Amazon, Etsy, Shopify, or any other sales platform, start with one and learn everything about it. If I had to start over, I would have started an e-commerce business on Etsy. Because they increase traffic and have good social proof. They are entry-level platforms and have so many skills like SEO, product photography, and even advertising that you can learn from Etsy. I started my business at Shopify. It was helpful to learn how to increase traffic and build a brand, but I think the transition from Etsy was easy rather than the other way around.
Tip 3: Do something for your business every day
When I started the e-commerce business, I was a busy working mom with a full-time corporate job. One day I was able to do more than others, but it was a vote for my future, so I tried to do one thing for my business every day. Each of the small steps you take compoundes the following, and overtime that leads to the success of your e-commerce business.
Tip 4: Invest in a mentor
Find people who are doing what you want to do and where you want to go someday and pay for their time and learning experience. Some of the biggest investments I made in my business were in coaches and courses that were years ahead of where I would have been. You may be looking at the cost of a course or book, but you need to consider the cost of being in the same place a year later. Which is more?
Tip 5: State your intentions aloud
Nothing is more powerful than yelling out what you want to achieve.Whether you talk to friends or accountability groups or do what I do and state your big crazy goals to thousands of people on Instagram pages (@Oliviaisnotaninfluencer), Your goals, intents, and dreams are more likely to follow through when at least one person yells at you, but in my experience it’s better.
Important Tips for Establishing and Revitalizing E-Commerce
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