At present, the traditional foreign trade order receiving model has been transformed into a cross-border e-commerce model, which can carry out two business models of retail and commercial procurement at the same time. I believe that many sellers have also discovered the new opportunities of rapidly growing cross-border e-commerce, and began to think about how to seize this wave of good opportunities to expand their business!

So today's bonus is here! Douxiaobao has compiled 5 steps for you to prepare for cross-border e-commerce business, helping you to open your mind and clarify your direction, and even beginners can easily and efficiently start the cross-border road.

first step to sea

Determine what products to sell Before you officially open a store, you first need to determine who you want to sell the product to and what kind of product you want to sell it to? Clarify who your consumers are, and only by grasping their hearts can they grasp their pockets! You first need to determine who your audience is, what their evaluations are for existing products, and what are their pain points. Or consider yourself as a buyer, think about your own interests, and then judge what kind of products people with the same interests may need. Sorting out product selection ideas and skills Accurate insights into overseas consumption trends, consumer hot-bought products or potential categories are the foundation for subsequent creation of popular products.

In order to help new sellers better judge the size, growth trend and competitiveness of the segmented market and discover new products, Amazon has launched two product selection tools—Business Opportunity Detector and Product Selection Compass, so that you can get a comprehensive understanding of product information , Save time for new product development, and discover unmet overseas consumption needs and actual needs. When you settle in Amazon, you can also unlock more supporting tools.

Since the product opportunities in different countries and different market segments will also be different, Amazon has also compiled a collection of hot-selling, high-demand, and growth-potential categories on different overseas sites for new sellers. "Tao", find the hot product guide to view.

The second step to sea

Determine whether the product is easy to sell After determining what to sell and who to sell to, you need to start researching the sales performance of the same category to observe whether your product still has profit margins and whether there is still a blue ocean that can be tapped. Communicate with potential buyers You can communicate with potential buyers to find out whether the products you sell meet their existing pain points, are they willing to spend money to solve this pain point, and how much are they willing to spend? In other words, this pain point is actually irrelevant to them. Sorting out these questions can help you determine if you might have an audience.

Identify product differences. I believe that when doing research, you will find that the products or innovative ideas you want to sell have already appeared, but this means that the products have great business opportunities! Moreover, you can sort out buyers' comments on existing products, identify deficiencies, sort out and analyze all negative feedback, find room for improvement, and increase product competitiveness!

The third step to sea

Thinking about how to make your product Once you've figured out what to sell, who to sell to, and whether the product has room to grow, you need to start thinking about where you're going to make or get it from.

Distributing existing products Most new sellers obtain products through distribution, which not only saves costs, but also makes it easier to get started. You just need to contact the right suppliers, order the products, and ship them to your business or storage location, which can ensure a stable supply chain for your future business. Partnering with a Manufacturer Working directly with a manufacturer to produce a product can make the product more competitive, but can be challenging for new sellers. Because it takes a certain amount of time and capital to find a suitable manufacturer, cooperate to produce customized products, and finally complete the first order. But in the long run, if you plan to build your brand, partnering with a manufacturer can help you stand out from the competition.

The fourth step to sea

Choosing the right store opening channel Choosing the right cross-border e-commerce channel can get twice the result with half the effort and make it easier to get started with cross-border e-commerce. You can choose to build a website, run an e-commerce store on your own domain name, or start your business through an e-commerce platform like Amazon.

(picture from Amazon)

(picture from Amazon)

The fifth step to sea

Preparation before and after opening the store After completing all the preliminary research work and selecting the sales channels, you can start to prepare the materials needed for opening the store, plan your cost and time, and start learning how to operate the store efficiently! Documentation Preparation Before you register an account with Amazon, please be sure to understand the relevant documentation so that you can successfully complete the account registration. The following registration information is required. If the information is incomplete and untrue, the registration will not be successful. It is recommended to go to the relevant unit for certification immediately after confirming the company name and legal representative.

A color scanned copy of the company’s business license, a color scanned copy of the legal representative’s ID card, a valid credit card for international payments, accurate and up-to-date contact details, and a bank account to receive payments

Pay attention to Douxiaobao to provide you with more extended reading~

With the start of the battle to prepare for the peak season, it means that sellers need more capital investment, which is a difficulty for some asset-light sellers. In addition to stocking, logistics costs and advertising costs require a certain amount of investment. To a certain extent, the strong guarantee for sellers to blow up orders is funds. During this critical period, if you encounter capital turnover difficulties. Please don't worry. You can take a look at Doushabao – cross-border e-commerce loans. Doushabao has been on the Amazon platform for a while, and has officially reached a cooperation with Shopee to help cross-border sellers expand their global business effectively, quickly and conveniently. One of the safe and convenient funding solutions.