How to Start an E-Commerce Business?

Knowing How to Start an E-Commerce Business Is Not The Key To Success.

How do you start an e-commerce business and make it successful and

profitable?

What is the secret to e-commerce success?

And how do we avoid the many costly pitfalls in business?

He now discovers how to start an e-commerce business.

In this video, Dan Lok reveals his 3 top lessons from building a multimillion-
dollar e-commerce business.

1.- Customer is the King

customers are generally key to your business success and you are responsible
for their perception of your business and services and of course

A customer’s perception is their reality

It’s easier to keep your customers happy than attract new ones

Complaints spread like wildfire on the internet

Without customers we don’t have a business

Once you’ve identified your customer, then put yourself in their shoes and
ensure that whatever you are doing is correctly “customer focused”. 

2.- Metrics: measure all behavior customers

Newsletters, profitability, networking, Pricing, Designing, email marketing and

overall organic traffic.

3.- inventory skills

Ecommerce inventory systems can reduce wastage and also lower operational
costs, which every enterprise needs to carry and maintain stock.

Inventory is the necessary component of any business. Without the right

products to sell at the right time, a business can’t experience optimal growth.

Inventory management has several important functions, such as:

 To Provide a Supply-Demand Balance for the Inventory Process
 To Provide Safety Stock