Starting an online store, like most other big projects requires a lot of planning and strategizing. You would have to get things done on your own and also employ other people to handle aspects that you cannot take care of on your own. Without proper planning and strategies, it is easy for you to lose a lot of money, time and effort when setting up an online store. If you are careless, you could even get into big trouble if your site has already started, with customers making orders and then it suddenly crashes with people’s money hanging.
To avoid all of these is very vital. You should be able to plan and strategize very well. Watch out for red lights, yellow lights and green lights on how to go about your business. Taking these precautions would sure be of immense help to you. Here are 5 signs you shouldn’t start an online store.
1. If You Want To Make Fast Money
There is no making of fast money with starting an online store. Just like normal stores, starting a store is often the most difficult time. This is the period where you are spending so much money for expenses, buying goods and doing other things. This is also the period where virtually nobody or just very few people know anything about you. You would need months of research, perhaps years before you start to get a regular stream of customers, who would start to patronise your products. If your aim is quick money, then you are advised to try other businesses apart from the online store. You would not get quick money from the online stores. You would need time to build your business slowly until it gets to the level where you can make millions of dollars worth of sales in a month. You can, however, be sure that you would not start making millions of dollars worth of sale in less than three years if you are just starting from the scratch. While it is not impossible, it would not be in our best interest to hope that would happen.
2. If You Require A Guarantee
If you know you need a guarantee before starting your online store, then you are not ready to begin yet. Even though you get a lot of training on online stores and business, there is still no guarantee that you would succeed. Business is a very risky venture, so is starting an online store. The more you know and the more equipped you are, the higher your chances of success. There is, however, also the probability of losing everything. Like every business, you would just have to be positive that you would succeed, irrespective of what it takes. You would have to shove aside your reservations and doubts about the business and hope for the best while preparing for the worst.
3. If You Don’t Want To Take a Step Back
Sacrifice is required if you want to begin any business type. In most cases, the sacrifice would have to come in the form of money or time. You would require at least, one of these 2 and a lot of it to achieve your tasks. It is vital that you can invest so that you can build a business that would be viable.
The success story of every organisation is always hinged on temporary setback or sacrifice. In some instances, you would have to work for a long time while saving before you can start your business. This is because you might have to leave your job and concentrate on your business before you can really get it to start running. The business will be sure to consume some of the money, while you will also have to sustain yourself during this period.
The founder of Microsoft (Bill Gates) had to leave school to begin Microsoft. People would have seen it as taken a step back then. The step taken backwards then is one of the major reasons we have the Microsoft Corporation today. There are times when to move forward; you would need to take a step back.
4. If Your Products Have No Customer Base
The reason why people open up stores is so that they can sell. And to sell, you would need to have customers to sell to. If there are no customer base or potential customers for the products you want to sell, then it is not time yet to start your online store. There is the need to ensure that it is possible to get customers who would be interested in what you have to sell and who would be willing to patronise you.
The customers should have the financial strength to buy at the amount you want to sell, and they should be willing to do so. If the goods you are selling are perishable or have expiry dates, you must ensure that you have enough customers to buy your stock within a short while, long before the expiry date of the product.
5. If You Don’t Have Internet Skills
Starting a business on the Internet today is considerably easier than it used to be before. Just a few years ago, starting an online shop would imply that you need to be very good with programming and that you code the store from beginning to end. If you can’t do this, then you have to hire someone to take care of it at a very high price.
With recent platforms like BigCommerce and Shopify, you can easily create your website from the scratch and put it on the Internet with little programming experience and with little tech knowledge. Without any internet skills, however, it will be difficult to run your online store.
Getting internet skills is a must to have a business on the Internet that would be viable. You should be able to use Facebook, carry out online banking and create an email account for yourself. If these simple tasks are hard for you, then you can be sure to get very frustrated when your shop starts to run, despite the many tools that make it easy to run your online store on the Internet.
Despite the simplicity of the platforms, you will need to have a basic internet skills competence, so that you can operate, market and build your online store with the resources at your disposal.
Author: Jimmy Alando
The type of racking system a warehouse has spells the amount of time and money wasted or saved. Payment for a warehouse depends on space occupied and the more items can be stacked, the less expense is incurred. For cost-effective warehousing operation, it is important to make a plan that allows the racking system and the trucks or servicing cranes to work in harmony. Although one cannot really identify the best racking system, there will always be one that will perfectly suit your needs. To help you make the best choice among cantilever racking, selective pallet racking, drive-in pallet racking, double deep pallet racking, narrow aisle racking and pushback racking, here are their different features and their upsides and downsides of using them.
Adjustable pallet racking system.
As the name suggests, this racking system can easily be adjusted to suite the situation. It is made of frames that are clipped to the beams. Each rack can accommodate three to four pallets. More frames and beams can be added to the original should you have more pallets to store. The beam is made stronger by adding support bars and decks made of timber or mesh. There are several advantages in using adjustable pallet racking system. The most important advantage is that it can easily fit in any height or size of warehouse. You can add several racks for it to be taller or remove some so that it fits the distance from floor to roof of the building. If the structure has wide floor space, you can arrange several horizontally. It is easily accessible and easy to assemble. Its width or height can be easily adjusted. If a part is damaged, it can be replaced right away. It can be moved quickly. One setback of adjustable pallet racking system is that the floor needs to stabilized using a chemical treatment so that the rack will remain stable despite the heavy load.
Single position racking system.
This kind of racking system has no beams and can function like a shelf. It is ideal when storing heavy or huge quantities of goods. The stored items are highly accessible and they can be easily removed or picked directly from the pallet. It is easy and quick to stack items as well. Space can be optimized especially when stacking box pallets. The downside is that space may not be used to the fullest and the space utilized may be less than the actual space that can be filled with the items. It means the rack looks full but there are empty spaces within.
High Rack Silo.
This is one racking system in which the walls and roof are fixed, so that the whole thing rack is like a warehouse. It can reach up to 40 meters in height and it is suitable for storing items that have high inputs and outputs. The racking system is operated automatically using a crane. Items are easily and quickly stacked or removed. The racking system can be moved easily because it has a curving feature. There are several advantages in using this type of racks. One is that the height of the storage space can be used fully. There is no need to construct a warehouse anymore, making it economical. The silo is easy and quick to construct. The only downside is that because of its height, only automatic operation is viable.
Mobile Racking System.
This Is a racking storage system that makes use of stacked pallet racking that are placed on motorized stands. There is a rail where the mobile racking can pass through during pick up. This saves space and time and is considered as one of the most cost-effective racking systems.
The advantages of this type of racking system include high savings on space; handling of goods does not require paperwork; and exchanging data between management system of warehouse and radio transmission. In addition, it saves space and time because all items are easily accessible. The automatic process enables operators to stay in their vehicles instead of going out to open aisles. The mobile racking keeps the activities in the warehouse accident-free.
There are several disadvantages though. One is that this kind of racking system would need big capital. Mobile racking moves slowly so it takes longer time to handle pallets.
Pallet Live Storage.
This kind of racking system is upright, which allows creation of a channel where the pallets can move when one is retrieved. A pallet always fills the space vacated by a pallet that was removed, following the principle of first-in first-out storage. This type of racking is ideal for racking systems where the same type of products is stored in huge quantities. Operation is done by a forklift truck.
Its upside is that vacant spaces are automatically filled and space is used efficiently. However, one disadvantage in using it is difficulty in making inventory.
This makes use of racking upright that created a channel. It uses the first in-first out storage principle. When a pallet is loaded, it pushes the pallet in front to the back. When a pallet is removed, the one behind it moves forward to the front. This type of storage is ideal for storing the same type of items.
One advantage of this racking system is the full utilization of space. It is also known for safe loading and unloading activities. It requires very little maintenance or no maintenance at all.
One disadvantage of using it is that it is not compatible with all warehouses. Before deciding to us it for storage, it is important to consult with experts in storage and warehouse systems.
Drive in/Drive through racking.
In this type of storage, several pallets are placed one behind the other. Depositing or retrieval of pallets can be done from top to bottom or bottom to top. Trucks can be driven through the lane to deposit loads or retrieve some. For drive in racking, trucking service is done on only one side so that it follows the last in, first out system. With drive through racking, trucking service is possible from both sides, which means that pallets are deposited on one side while retrieval is done on the other side, following the first in first out principle. There are several advantages in using this type of storage system. It allows optimum use of space and is ideal in storing seasonal goods.
A downside is the fact that because of first in, last out system, it might take time for old products to be replaced with new one. Now that you have an idea regarding racking systems and the advantages and disadvantages of each, you can easily decide on the type of racking system to use for your storage.