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Tips for Setting Up an E-Commerce Website

  • Written by News Company


If you are fed up with the 9-5 daily grind and would like to make a living selling products online, setting up an e-commerce website might just be the answer. Many Australians have already freed themselves from the rigid constraints that salaried positions hold on you, and if you would like to join them, here are a few important aspects to bear in mind.

Choosing a Product Line – Whatever you decide to sell, there must be an adequate demand, plus you need to be price competitive. You need to carry out some market research in order to determine if the products you intend to market are, in fact, in demand.

Funding – Crunch the numbers to ascertain how much money you will need to get the business off the ground, and with unsecured business loans available from the online lender, you can make sure that your business is adequately funded.

Web Design & Hosting – You will need to enlist the help of a web designer, who can design and build your e-commerce, plus they can arrange for suitable web-hosting. Professional images and product descriptions will ensure that your product line is presented in a professional manner.

Digital Marketing – This is not something that should be regarded as an optional extra, rather digital marketing should be an essential service that will assist online consumers to find your website. Talk to a leading digital marketing agency and they would be happy to help you put together an aggressive digital marketing plan that will make online consumers aware of your e-commerce platform.

Business Plan – It is essential that you compile a good business plan, one that covers every aspect of the business, and there are a lot of free resources online to help you with that. Your plan should include an overview, a list of all assets, a section on marketing, plus profit forecasts for at least 3 years.

Sourcing Products – You should take your time looking for the best products available, and you should make sure that the supplier is both reliable and is able to handle a high volume of orders. If your supplier is based overseas its highly likely that you will need to send money in a foreign currency. Keep your costs low by using an international payments provider like Airwallex.

It is important to understand that you will have a lot of competition, regardless of the products you sell, and it is vital that you engage the services of a leading digital marketing agency. You will face many obstacles on the road to success, and with a lot of determination and a little luck, your new business should enjoy steady growth.

Fifth Dimension: Identified as one of the world’s leading strategic consultancies

  • Written by Tess Sanders Lazarus



Sydney based consulting company, Fifth Dimension, has been recognised for its ground breaking work, receiving a place in the GreenBook Research Industry Trends (GRIT) Top 25 Strategic Consultancies, as one of the world’s most innovative companies.


Fifth Dimension is a highly respected and globally focused industry leading strategic research and consulting agency that has amassed a distinguished portfolio of well known clients including: Coles, HCF, Telstra, Foxtel, Colgate and Westpac.


Fifth Dimension is the only Australian owned consultancy to make the list.


For over a decade the GRIT Top 50 has been one of the key metrics used by many companies to understand their position in the marketplace. Last year, GreenBook introduced five further lists to showcase excellence within specific areas across the sector. GRIT 25 Strategic Consultancies is one of them.


Lyndall Spooner, the founder and director of Fifth Dimension, has over 25 years of experience in consulting and advisory services and is delighted her firm now has the attention of the world’s premier business awards.


The GRIT lists are open to all companies that continue to push the boundaries of traditional business practices and structure. The fundamental and key metric used to track each brand is innovation.


Fifth Dimension stood out for its ability to help some of the world’s largest consumer and household brands to reinvent the way they understood and managed the customer experience and the metrics required to determine the consumer’s journey, and measure the performance of the senior leadership teams. This coupled with its steadfast attention to client service positioned Fifth Dimension well above other businesses around the world.


“We have always set ourselves the challenge of disrupting our own business model and to push our capabilities. With every new business challenge a client brings, we develop a custom solution – often designing and building a technology solution that has not been done before. Innovative data solutions are core to enabling business to leverage consumer psychology and behavioural insights and to prove the return on investment,” Spooner said.


“We really pride ourselves on our ability to assist brands to connect with their market in a way they have never done so before. We combine a multiplicity of capabilities and disciplines into simple and implementable actions that enable businesses to capture, track and interpret the most important metrics for their business. We then work with them to translate the data into granular insights which we use to develop and execute strategies to drive real growth.


“Being listed in the GRIT 25 Strategic Consultancies is an honour and I am really pleased that our work has been recognised by our industry.”


Since 2006, Fifth Dimension’s four pillars of expertise have continued to evolve new capabilities to embrace uncertainty and drive the development of market leading approaches: strategy, experience, research and technology.


GreenBook has been an innovator in the industry since 1962, beginning as a subsidiary of the American Marketing Association’s New York chapter. The company quickly evolved into the GreenBook Directory of marketing research companies and facilities. Today, GreenBook connects marketers and market researchers with people, information and ideas that generate results – as the leading source of industry excellent, resources and benchmarks for professionals across the world.


www.fifthdimension.consulting

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