New to Ecommerce? Save Yourself Thousands Yearly With These 5 Frugal Hacks

Starting your own ecommerce platform is an exciting endeavor -- but turning a profit can prove more challenging than you might expect. From fine-tuning your digital marketing strategy to finding quality fulfillment partners, there are several investments you'll need to make to consistently draw customers to your store.

If you're not careful, the costs associated with these essential activities can add up rather quickly -- yes, even if you sell your products through Amazon. The last thing you need is to run out of cash before you can make your first sale!

In reality, many of the expenses that sink new ecommerce stores can be reduced or eliminated entirely if you know what to do. Here's a closer look at some surprisingly simple ways you can reduce your operating expenses by thousands of dollars each year.

1. Streamline your company's inventory.

As Will Caldwell, co-founder and CEO of Dizzle, explained in an Entrepreneur article, "One of the most important parts of starting any ecommerce store is connecting with the right customers. To make better advertisements and have higher conversion rates, you need to understand what niche your ecommerce store is targeting. So, think about where you're from, what your products stand for, how your products are made."

To truly carve out your own niche, you shouldn't try to be all things to all people -- and this means carefully curating your product lineup. Many of the most successful ecommerce stores find it much easier to limit the types of products they sell online...

https://www.entrepreneur.com/article/316759

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by Idham Azhari