In order to have a successful ecommerce store, you need to be able to solve the following three problems:

• What products you are going to sell?
• How you are going to sell that product?
• How you are going to get it to the customer?

Once you have decided what you are going to sell, it is entirely possible to start a successful ecommerce business without setting up your own website and stocking up on inventory.

Once you’ve got an idea for a new product, it’s hard to think about anything else but how you can make it happen. And even if you’ve got the time and motivation to do it, you might not have the money.

Here are some top tips to help you get the funding you need to get the investment you need for your invention.

Yep, everyone loves a bargain so you may be very tempted to go down the discounting route when pricing your products.

However, whilst offering discounts may seem like a logical step to bring in new business and increase revenue the reality might actually hinder your business growth.

In November 2017, the retail giant Amazon decided to open a 24,000 square foot fulfilment centre in Dandenong South, Melbourne and launch its delivery service.

The company said that this development will create “hundreds of new jobs,” contain “hundreds of thousands of products,” and promised “fast delivery”. And while for consumers this news has probably been met with much anticipation, for ecommerce retailers’ feelings of unease are a lot more likely.