Unlike the so-called "e-commerce experts" who say that you can start a successful business at zero cost, Li Ge(successful Shopify entrepreneur) believes that you should prepare for at least$5,000 in website building and lead generation costs to start an independent website. Refer to the various website building platforms on the market and find one that suits your budget and has a variety of useful tools.
In addition to this, there are other costs that you may need to pay during the process of setting up your shop, which should also be factored into your budget. Taking the ShopBase shop as an example, Li Ge has outlined a list of expenses for white sellers to consider.
-Multi-category comparison, choose a niche selection
When the platform is available, it's time to think about what to sell.
For product selection, the first piece of advice given by Li Ge is: list the products you like. Once you have a list of products, you can delve into that niche by using one of the following 5 methods.
1. use google tools (e.g. Google Search Console, Google Trends,...) to look up the main keywords and see the big companies selling the product.
2. to see how much traffic they are getting.
3. to see how much revenue the niche generates per year
4. to see the profitability of the niche.
5. go into communities to see what consumers are shopping for at the time. For example Facebook groups, Quora, Reddit, and other popular community sites.
【Source text: by report】
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