When To Expand Your Regular store to an Online store


When To Expand Your Regular store to an Online store

Online stores have been flooding the markets. The people have less time to spare and less time to go out and pick up things. In this modern generation everything is easier and everyone wants an easy lifestyle. And doing everything online has made everything easier. It saves time and expenses as you don”™t have to travel to the location for purchasing the products or to make an appointment for a service.

All the stores that exist as an actual showroom and almost all the brands are available online. Bringing in more profit for your business. So if you are wondering when can you move your store online.

Let us looks at some of the points that will decide when to expand your regular store to an online store:

  1. Existing business”™ state

Wait for your regular store to prosper enough so you can spare budget for the online store as well. Check the state of your current business and decide on expanding it. As expanding your business will cost you. Thus make sure your existing store is stable and then decide on the online store.

  1. Catalogue ready

Is your business ready with the display of products that the customers will go through.

When we shop online we get to see many products and they seem to have a fancy appearance. It cannot be called false advertising but it needs to be brushed and appealing for the customers to get attracted to your products. Hence before you move online make sure that your business”™ products are catalogue ready as in you have the professional catalogue pictures of your products.If your products have already been made catalouge ready you can assume that you are done with one of the steps.

  1. Enough resource

Do you have enough resource and enough employee so you can move your business online and expand it. You will need different departments and more employees for the online store. You cannot just go ahead and collaborate with an online store and dump your products in it.

Do you have enough employees that can describe every product for your online store for the customers to read and understand the material, style, usage, fabric etc. Or customer support as this department is a must for an online store. Therefore decide if your budget can manage all the requirements at the moment or are you ready for that kind of responsibility.

When you have all these departments and enough manpower you are good to go.

  1. Enough products

If you are already having a good business in the existing store then you can move to online. But this cannot be done without enough products. It is possible that you are having a good profit but that does not mean you are ready. If you have excess product and you have enough to divide it between online and the existing store then you can run a good online business.

There has to be enough budget to manage both the stores and enough stock. If your profit is not enough to expand another store you will have to wait till you can finance the online store and all that comes with it.


When To Expand Your Regular store to an Online store

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I’m a tax expert with over 10 years of professional experience. I’ve gained practical insights on GST and other Taxes during my tenture as a Tax expert and GST Trainer in Reach Accountant.

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