Eternity Law International — News — Opening an online store with an account

Opening an online store with an account

Published:
June 18, 2020

Opening an online store with an account – most entrepreneurs are convinced that opening their online store will require large financial investments. However, this is not so.

There are methods that allow you to establish your business almost for nothing. To do this, you need to properly plan your work and explore the market.

This article will discuss the basic methods that allow entrepreneurs to open online stores with accounts abroad without huge investments.

KEY STRATEGIES WITH SMALL INVESTMENTS

If you decide to establish your business and create an online store, then you first need to create a business plan. This will prepare for future risks.

Also do not forget about preparing a clear strategy. There are only 4 of them in the sales sector. Next, the features of each of them will be described in detail.

Now it will be much easier for you to decide on the choice of strategy if large investments are not expected.

DROPSHIPPING

Most e-commerce businesses use the dropshipping model. It is aimed at direct delivery of goods from supplier to customer.

The main advantage of this strategy is that the intermediary does not need to rent a room for storing goods. This significantly saves money.

Also, you do not need to deal with the shipment of goods yourself. Delivery will be handled by the manufacturer or warehouse employees.

Today there are a huge number of dropshipping sites, so you can explore the market and choose the option that is ideal in a particular situation.

APPLYING THE INFLUENCE OF INSTAGRAM

Now very popular is the Instagram platform. To increase sales, create an online store on this platform.

The site has registered millions of users who are your potential customers. The main thing is to properly configure the profile and do its promotion.

The advantage of this strategy is the lack of cash investments. First think over the visual image of the page and create a beautiful description of the goods.

You can also customize targeted ads to reach a wider audience. Of course, this requires additional costs.

But you can attract a new audience and increase sales in the first week. That is, your costs will pay off very quickly.

SALE OF POPULAR GOODS

If you want to make your online store successful, first research the market. Engage in the sale of goods that are in demand.

Over the past few years, the most popular goods are:

  • cosmetical tools;
  • Appliances;
  • clothes and accessories;
  • goods for kids.

When choosing suppliers, carefully review the reviews. It is best to give preference to those companies that have proven themselves in the market.

STARTING ACCEPTANCE OF CURRENCY PAYMENT

If you decide to create a business in the field of electronic commerce, then think in advance about how you will receive payments on the Internet. This will greatly facilitate the work.

Firstly, it will satisfy the needs of customers. Secondly, it will be easier for you to manage the flow of money in the business. If you make a mistake in choosing a payment system, it can provoke problems with accepting payments.

As a result, customer flow will decline.

We were recently approached by a client who created an online store. Its products were delivered to Europe and America. Now we have a problem, because outside the UK and America, the flow of credit cards is much less.

In Germany, people prefer to use open invoices. The bottom line is processing payments with a third party.

That is, the seller delivers the order to the buyer, and he must pay the delivery and goods to the intermediary only after receiving the parcel.

In Turkey, people prefer to use credit cards and pay by installments. This complicates the process of crediting funds.

Our employees carefully analyzed the client’s business and evaluated the activities of his company. As a result, it was decided to open an account in the UK payment system.

There are several reasons for this.

Many additional services. On the site, you can create an improved website design and enhanced security system. Therefore, it is now easier to monitor sales statistics and promote the site.

Opening a corporation account in different currencies (up to 34 pcs.). Now the store owner will be able to meet the needs of customers from different countries.

Making payments anywhere in the world. In the payment system, you can create template payments, convert currency, import payments from other databases, open multi-currency accounts.

The ability to accept payments from any bank cards.

Making payments using regular SMS or emails.

The use of invoicing to receive online payments.

Now in our account our client will be able to:

  • Set up your billing page yourself;
  • use all available currencies at the same time, for convenience, select several currencies at once, which are the most popular among customers;
  • customize the profile language, depending on which country you are in;
  • control transactions. If necessary, you can make a statement of payments;
  • Remotely pass verification and identification. It is enough to enter a username and password to confirm your identity.

OPENING AN ONLINE STORE WITH AN ACCOUNT. ACCOUNT OPENING PROCESS

If you have decided on a payment system, then make sure that it will be synchronized with your website and mobile application.

It’s best not to do this on your own, but to contact our company. Specialists will answer all your questions and help you choose the best payment system.

To open an account you will need to write to our email address. After that, pay for the services of a specialist using any convenient method (terminal, online banking or bank).

The last stage is the preparation of all necessary documents.

So, now you know how to open an online store with accounts abroad without any special expenses. Our company cooperates with various international financial institutions, so customers always get the requested result.

To explore the different options for opening an account abroad, use the PRE-APPROVAL system. With its help, you can find out a preliminary decision on opening an account from those organizations that we will offer you.

Now online sales have become very popular. This does not require the entrepreneur huge financial costs for renting premises, paying salaries to employees, etc.

But in order to increase the number of potential customers and not lose them, you need to open a bank account abroad. Our company will not only help in the preparation of all documents, but also tell you how to properly create an online store.

The accounting department of the company must compile quarterly, annual financial reports and provide declarations to the tax service. Contact us for more information.

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