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Running an E-commerce Website in 2014

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Running an E-commerce Website in 2014

It is becoming increasingly convenient to shop online. The simple fact that people are now using their mobile phones to shop online is proof enough. While commuting home from work, they use the Wi-Fi networks in the subway, for instance, so that they can order the things they need. They pay for them using their PayPal account (or some other online payment account), and when they get home, the things they need are waiting for them.

Retail is evolving and traditional shopping is expected to be a thing of the past in a not-that-distant future. Even clothes, the things you need to try on before purchasing, can be ordered online, since most companies that do this have a well-established system by which you can check whether or not what you are purchasing will fit your body.

Bearing this in mind, one has to agree that if you want to sell something, be it a product or a service, you have to have a website. Period! Without it, you will soon be lost in the sea of competition and you will find yourself facing bankruptcy issues. Here are the major points to consider to set up and run a successful e-commerce website in 2014.

Getting started: Design

Web design image

    The starting point of every website is its design. It can be extremely challenging to establish that. 2013 website design trends indicate a minimalistic approach. If you go for a flashy design that is filled with images, links, loads of pages, videos and so on, chances are that your visitors will get confused and they will simply close your site’s tab and move on to something else.

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    Your homepage is what matters most. It should feature your logo, one great big high-definition image (or a slider with HD imaging) that represents what you do, your basic info written in a cool and easily readable font, some contact info in the footer and that’s it. The header of your site should have links that lead to your other pages. You see, if your homepage looks simple and concrete, when your viewers see it, they will want to learn more and they will stay on your site. You can check out some pretty cool designs here.

    Your products page is another very important page and this one has to be well organized as well. You should have categories and the products should be listed in those categories. Each product has to have an image (sometimes several images), a description and a price. When it comes to pricing, you should make sure that you use a secure online payment method. To read more about this topic, follow this link.

    When it comes to shipping, make sure that you provide your readers with valuable shipping information. They have to be informed about that. Also, use a stable and valid shipping company. Try to find someone who has been in the business for a long time and who knows his or her job well. A lot of packages get damaged while shipping and that is something you will want to avoid.

    Make sure that you don’t forget to add a contact page so that your customers can ask for more information, and even more importantly, do not forget to answer their questions as soon as you can. The first rule of retail is that the customer is always right.

    Moving on: Functionality

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    Functionality image

      The next item on the agenda is functionality. Let us presume that you have a cool-looking website and that you are happy with it. That site will be worth nothing if it is not functional, fast loading and well programmed. It will also be unusable if it is not responsive. As mentioned above, more and more people are switching from their PCs and laptops to mobile phones and tablets for online activity. Your website has to be accessible via these devices as well. Also, with the launch of the new iPhone’s retina display, you have to ensure that your site is, as they say, retina-ready. So, your web designers and developers have to be well informed, they have to follow the newest trends and they have to be ready for everything.

      A website’s functionality is a pretty grand topic and there is a lot of talk about it on the net. To get you started, here are some useful articles that might help ease the process.

      Your Domain

      internet browser

        Registering a domain can be quite a pickle, as they say. You see, the net is full of websites – millions upon millions of them. The chance that someone registered the exact domain name you were looking for is high. This can be quite a problem since, frankly speaking, your domain name is very important. It should be relevant, original and related to your business. If you already have a name in mind, you should check and see whether or not it is already taken. Some experts suggest that if it is, you should consider going as far as changing the name of your firm, so that it corresponds with an available domain name.

        You should check out this link, where you will find the top sites for registering a domain in 2013. Dwell on this for some time and make the right decision.

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        Hosting

        When all the things above are done right, it is time to find appropriate hosting. For start, here’s a low-cost hosting guide for those who are looking for a cheap and reliable hosting service for their e-commerce website.

        Generally speaking, there are two types of hosting – shared and dedicated hosting. Here is the difference between the two:

        1. Shared hosting features one great big server computer that functions as a host for several websites.
        2. Dedicated hosting features one great big server computer that functions as a host for just one website.

        Logically, the second option is the thing to go for. It will be more expensive, of course, but if you go for shared hosting, chances are that a lot of things will go wrong. These machines tend to get overloaded and this can have a very bad result. You can even end up losing a lot of clients. As the owner of an e-commerce website, you will probably have a lot of resources there (images, videos, loads of text, etc.), which will make it difficult for a shared hosting server to function. So, if you have just one server that is dedicated for your site and your site only, you can be sure that things will run smoothly and you won’t have to worry at all.

        Promotion

        Now, that you have your site up and running, it is time to let people know that your site is out there. After all, what good is website if no one visits it? This is where search engine optimization (SEO), search engine marketing (SEM) and social media marketing (SMM) come into play. The goal of these practices is to make your site recognized by Google and other search engines, so that people can find it and visit it.

        You have to be aware that this is a process that takes time. For instance, amongst other things, you will have to write various articles related to your business and you have to post them on various relevant blogs, which will bring traffic to your site. Furthermore, you will have to register your company on various social media platforms (Facebook, Google+, Twitter, etc.) and you will have to provide your readers or followers with relevant, up-to-date content at all times. So, apart from taking a long time initially, this process never stops – the more you grow, the more things you will need to do.

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        Promotion social media image

          Also, you should not only promote your site online, but offline as well. Make sure that you have a link to your site printed on any and all promotional material you have at your disposal.

          This is yet another very popular topic on the net – meaning that a lot of people posted a lot of relevant articles recently.

          Let’s wrap it up

          As you can see, running an e-commerce website is no walk in the park, but if you do everything as outlined above, your efforts will be worth it. The retail industry is changing and people are realizing that they have the world in their pocket: they just take their phone out and presto – everything is there. Who knows what e-commerce will represent in 20 years or so, given the fact that it was a “fairytale” 20 or 30 years ago? It is up to you to follow the trends! Good luck!

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          Ivan Dimitrijevic

          Ivan is the CEO and founder of a digital marketing company. He has years of experiences in team management, entrepreneurship and productivity.

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          Last Updated on July 20, 2021

          Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

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          Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

          Have you ever considered your life now, and how it would be if you had more time to spend with your family and less worries about money?

          Nowadays, financial stress is one of the most troublesome weights in life. If you’ve ever encountered financial stress, you know the difficulty of not having enough income to pay your obligations or bills.

          Many people say that money is not the ultimate goal of life. While that’s true, money certainly plays a very significant role. The meaning of financial freedom changes with the different phases of our life, but ultimately, it is something that many people strive for.

          In this article, we’ll explain how to capture that financial freedom you’ve been looking for. Read on to learn the secrets to financial freedom.

          Break Free of Your Finances

          Financial freedom is about having a constant flow of cash from your assets to cover all your regular needs.

          When you are not worried about your income, or living paycheck to paycheck, you gain a great sense of freedom. It’s the freedom to be obtain and do what you truly need to make your way through everyday life.

          Gaining financial freedom, though, is a process of growth, making small improvements and gaining emotional strength.

          Though it seems hard to believe, it is really very simple to get financial freedom.

          To do so, you simply need to make sure that your assets exceed your liabilities. In other words, you’ll need to find the sweet-spot where your residuals meet or surpass your expenses. This is something that you can achieve with the proper plan.

          While not every person will accomplish financial freedom, the potential for anyone to do so is certainly there. Anyone can achieve this success, regardless of their income level.

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          Outlined below are 9 secrets that will help you in your goals of achieving financial freedom.

          1. Stop Unnecessary Spending

          We often spend money inwardly, instead of objectively.

          For example, you may spend when you’re anxious, depressed, restless, exhausted, from fear of missing out, or to please others. This is a very unhealthy way to handle your finances.

          To stop this habitual spending, log down all your spending over the course of a month.

          Just as some people keep a food diary, keep an expense diary. Remember not to just write down how much and what you spent the money on, also include the circumstances of why you spent the money. Was it an impulse buy at the checkout line or was it something you planned to purchase?

          This increased self-awareness could enable you to avoid triggering situations in the future when you are considering an impulse buy.

          2. Plan a Monthly Budget

          This is a great opportunity to get serious.

          Take a seat with your spouse or partner and make a monthly budget based on your income, not your expenses. You are never again going to spend more cash then you have on hand.

          Overspending is the thing that led you to more financial obligations. Make sure you decide every month what is coming in and what will be going out and stick to that budget… no matter what.

          3. Cut-up Credit Cards

          Perhaps you are the type of person who always pays your credit card balance in full before the end of your billing cycle, and enjoys the reward points you gain. If this is the case, then you’re already way ahead of the game.

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          If not, you may want to consider ridding your life of the burden that credit cards bring.

          Many cards have strategies set up so that if you make a certain number of late payments, they will raise your interest rate much higher. This can really add up in the long run and you won’t be doing your financial situation any favors. If you’re prone to late payments or have a large balance due on your cards, cut them up!

          Without proper self control on credit card spending and payments, you are basically throwing your money away. To ensure that you have better control over your spending, use only cash or debit for all future purchases (and don’t forget to pay at least your minimum payment on your cut-up cards each month!).

          4. Increase Savings

          There is no doubt that for a comfortable retirement you must accumulate satisfactory savings throughout your working life.

          It’s good practice to save up to 15% of your income.

          Start with your workplace 401(k), if you have one. If not, a Roth IRA (if you are eligible) or a traditional IRA (if you are not eligible for the Roth) are the next logical steps.

          Increase in longevity means you might be able to look forward to 25 to 30 years in retirement, or possibly even significantly more. Investing now in good retirement plans will ensure that you have a guaranteed a stable monthly income when the time comes to stop working. [1]

          5. Invest Wisely

          Consider investing in funds.

          Specifically, you will gain higher returns if you invest in different types of mutual funds such as Debt funds, Equity funds and Hybrid funds with a proper balance, although it absolutely relies on your personal preferences and sense of risk taking.

          To get the most of these benefits, make sure you are investing in a variety of assets. Another resource of investing in mutual funds is SIP (Systematic Investment Plan) where you invest some money every month in funds. SIP works by averaging the per unit price of the stock.

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          Mutual fund investors are aware of the benefits of an SIP (Systematic Investment Plan). For one, it is the most secure way to invest in equity mutual plans so that wealth is created over a long period of time. This plan also helps you to gain a better sense of financial discipline, which will come in handy in all your financial endeavors.

          6. Invest in Gold

          There isn’t really a better way to invest in gold than to have the physical gold itself in your possession.

          You can purchase gold coins and bars from mints as well as from coin dealers and other private sellers.

          Another way to invest in gold is through ETFs (Exchange Traded Funds).

          These are is similar to mutual funds but they are exclusively investments of gold. ETFs are great because they offer more liquidity; the ETF owns the actual physical gold, stores it, and retains the value of the shares. These shares can then be bought and sold in the stock market, and one big benefit is that the transaction costs of gold ETFs are much lower than the that of physical gold.

          With its consistently-increasing demand, investment in gold can be very wise long-term investment to make.

          7. Stash Emergency Funds

          Whether it’s a cash gift or a work bonus, always try to save any extra money that comes your way rather than making unneeded purchases.

          If you get paid every other week, you’ll get an “extra” paycheck (three rather than the usual two) twice a year. Either save those paychecks towards your emergency funds or utilize the money to pay down other obligations, such as loans, credit cards or other debts.

          Make it hard to get your cash.

          Put your savings in an alternate bank, maybe an online bank that forces you to delay for several business days before transferred money hits your regular bank account.

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          8. Find Fabulous Mentors

          Find a mentor, such as a friend or family member, who has exceptional control over their finances and pay attention to everything they do.

          If you do not have any friends or family that are enjoying financial freedom, then find a mentor online! There are numerous blogs and guru websites featuring the advice of many people who have reached financial freedom, and they exist primarily to let you in on how to achieve it for yourself.

          There are also plentiful forums available that share tips and tricks on how to best achieve financial freedom. Read as much as you can and start changing your habits for the better.

          9. Be Extra Patient

          Patience is the key of financial success.

          Being patient can be quite tough, especially when you’re struggling with your finances, but having faith is worth it. You’ll continuously be on the right track if you are taking the proper steps above.

          So don’t be discouraged, even if you are only saving a few dollars a month; it all adds up. Within just a few years you’ll look back proudly at your accomplishments and be glad that you had the patience to get there.

          Financial Freedom for All

          Anyone can achieve financial freedom, regardless of their financial circumstance.

          Use the tips provided above to get yourself on the track to financial freedom and toss your monetary concerns out the window. If you wish to achieve a life with financial freedom for yourself and your family then you must adopt a disciplined approach towards your finances.

          Following the simple secrets above is a great start to making your money work for you, so you can work less and live more!

          Featured photo credit: rawpixel via unsplash.com

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          Reference

          [1] Hartford Gold Group: IRA Retirement Accounts

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