What are the pre-requisite to setup an e-Commerce Business

E-commerce is the selling of products and services on the internet. This can be achieved by setting up a website that contains tangible or intangible products/services. The concept behind e-commerce is actually quite simple; however, understanding how to correctly execute the establishment of a solid business can be a real challenge.

1. What is your product and what you want to sell?2. What are the steps to create your website?3. What types of business type you will be treated as (Sole Trader / PLC / Ltd) the legal

issues.4. How to Find reliable vendors & suppliers (Wholesaler, Dropshipper, Distributor or

suppliers)?5. Will you stock product or take help of dropshipper / wholesaler to process the order for

you?6. What would be your marketing & promo strategy7. What is your after sales service method and Product Warranty issues8. What would be your return & refund policy?9. How many man power you may require to setup your ecommerce venture?10. How will you receive payment (payment gateway & merhcant account) from Customers?

the Payment issues