Do you want to build a complete online store from scratch? This is a great idea, since you get full control over your store. And you don’t need to spend lots of time and money learning new skills. All you need is a computer, an Internet connection and some basic knowledge.
But building an online store from scratch comes with a cost – time. The good news is that building a site from scratch is easier said than done. In this article, I’ll walk through the entire process step by step.
What is an Online Store?
An online store is an e-retail website where people can buy products and services online. To be very clear: When someone says “eCommerce”, they are referring to online stores. An online store typically includes product categories like clothing, electronics or books, among others. These products may be offered at different prices, depending on whether they’re offered as digital downloads or physical items shipped via mail order.
Starting an Online Store from the US
You should know that if you want to start an online business operating from the United States, one of the first things you need to do is getting your merchant account activated. A merchant account allows you to accept credit cards and debit card payments, so you can sell your products or services online and also take those payments online. By accepting virtual currency (also known as cryptocurrencies) with your online store, you can expand your customer base beyond traditional financial boundaries worldwide.
Steps for Opening an Online Store
Having have activated Merchant Account, you would need to;
Open a Business Credit Card – Merchants need both a personal bank account and an active business bank account in order to open a merchant account. There are many advantages to opening a business bank account. .
Create an E-commerce Website – Once you’ve opened a business bank account and a merchant account, the next thing you need to do is create an e-commerce website. If you’re just starting out, most web hosting companies offer sites similar to WordPress in which users can install themes that help them customize their own webpages.
Choose a Payment Processor – After creating your website and choosing a payment method, you’ll need to find a third party processor to handle all of the transaction processing for your e-commerce site. That doesn’t necessarily mean signing up for every major exchange or payment method available.
Add Products & Services – When you’ve found the right payment processor, it’s time to add items to your e-store. The number one rule regarding products is never to make yourself liable for any fraudulent charges by mixing digital currency.
Promote Online Sales – With your e-commerce storefront now fully functional, the next step is getting the word out online. There are plenty of ways to advertise without spending a dime, including writing articles, blogging regularly, and social media marketing.
Start Accepting Orders – Finally, you’re ready to take orders! You can only accept payments from people who have registered accounts with your store.
E-commerce is exploding in popularity, especially since some merchants don’t even require a bank account. It seems like there are more than 25 million Americans selling goods or offering service through online means alone. Those individuals represent millions in revenue generation potential.
How Much Does Buying Bitcoins Cost?
Buying Bitcoins costs $15 per 1000 dollars of value. This fee includes any real-money transaction fees paid by your selected payment processor (Stripe).
Do I Need Any Software?
No, buying Bitcoins does not normally require special software. Most exchanges use very basic interfaces and work similarly to PayPal. They also allow you to withdraw money to payees via bank transfer if desired.
Can I Use My Credit Card or Bank Account?
Yes, you can use most credit cards or bank accounts. Coinbase allows direct deposit into checking and savings accounts with a minimum balance requirement. It will even process cash deposits. For those looking for faster service, LocalBitcoins allows users to trade cash for coins directly.