Ecommerce Business Plan for Your Online Store

For years, you’ve purchased items from online businesses or marketplaces like daraz,

eBay and Amazon and thought to yourself, “I could do something like this, too.”
A business plan allows you to validate your business idea and create a concrete
action plan for how you’ll deliver a product from the original source to the end
consumer.

An ecommerce business plan is a document that outlines your business purpose

and goals, analyzes your industry and competitors and identifies the resources
needed to execute your plan.

For example, which suppliers will you work with? What types of products will you
stock? Who is your ideal buyer? How will you advertise your business? Can you
afford to provide free shipping and still make a profit?

Here’s a step-by-step primer on how to write a business plan for your

ecommerce store, what elements to include and how to use your own business
plan to increase your chance of success.