You can be on Entrepreneur’s cover!

Rushing Into Ecommerce Can Lead to Costly Mistakes. Here's What You Need to Know. The few still what's become an all-encompassing way to retail...must tread lightly.

By Farhana Rahman

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

As an online marketer, it's been heartbreaking to watch companies pull down their shutters, but let's not forget there is a silver lining: e-commerce.

Nielsen identified key consumer behavior thresholds tied to the pandemic, which provide insight on the businesses that fared best:

  • Proactive health-minded buying (purchasing preventative wellness products).

  • Reactive health management (buying protective gear like masks and hand sanitizers).

  • Pantry preparation (stockpiling groceries and household essentials).

My social media accounts were getting flooded with ads for products I could have previously only purchased in-person. It was great to see that many retailers made the effort to pivot. However, as the months went on, I noticed many of the newer online stores I came across quickly disappeared. It was then that I realized these stores' short-lived attempts at opening a digital shop may have failed because they set up their online option in haste.
Related: 5 Bitcoin Payment Processor and Gateways For 2021

Cybersecurity concerns

When smaller retailers, who are generally not into e-commerce, suddenly immerse themselves in the space, issues such as fraud and business security become a real concern. Holes in the setup process essentially serve as back doors into the business. This serves as a gold mine for cybercriminals, as it grants them access to data worth stealing, such as customer information and sensitive details regarding payments.

With stolen credit card information comes fraudulent purchases, followed by charge-backs and returns. It's a dreadful scenario that also does a number on the reputation of brands. That explains why 73 percent of customers are increasingly worried about personal data privacy. A major selling point in the e-commerce brand communication strategy for retailers is, unsurprisingly, strong data security.

Lack of digital media savvy

Setting up an online store calls for more than just a listing of products with a single image, followed by a brief description.

All this requires a great deal of effort and cannot be achieved in one afternoon. After all, you can read every book under the sun about tennis, but you wouldn't actually be great at it without playing for an extended period. The same applies to e-commerce.

A recent survey of over 1,000 American entrepreneurs — conducted on behalf of the knowledge commerce platform, Kajabi — found that 67% of the owners polled were struggling to improve their online presence during the pandemic, but didn't know where to go for help.

Thankfully we live in times where such tasks can easily be outsourced.

Related: 4 Tweaks to Make to Your Website to Sell More

Best to leave it to the professionals

I'm a big believer in outsourcing anything that can be outsourced, so the core team can focus more on what matters. Granted, that isn't possible when funds are tight. Even so, when you factor risk management, the trade-off from seeking service via trusted outside parties is absolutely worth it.

Zissu is one of the more globally recognized services for Shopify, admired for being a one-stop-shop that helps brands do well on this well-known platform. Its list of services includes migration to Shopify, plus the development of their websites, custom features, branding, and more. These efforts are tedious and heavily draw upon tacit knowledge. When retailers opt to leave such tasks to the professionals, they can focus more on other initiatives, such as the product supply chain, finances and internal relations.

As I mentioned earlier, I've always been enthusiastic about moving efforts online as soon as possible, but if there is one thing that the pandemic taught me, it is "slow" plus "steady" equals "perfect" when ready---especially when it comes to retailers new in the journey.

Related: 4 Marketing Personalization Tips for Digital Businesses

Farhana Rahman

Entrepreneur Leadership Network® Contributor

Global B2B/B2C Content Marketing Strategist

A visionary marketing strategist with over a decade of experience in creating impactful content and driving successful marketing initiatives across diverse global markets.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Growing a Business

24 Hours After a Grueling Session of Pickleball, He Invented Something That Makes Most People Better at the Addictive Sport

Veloz founder, president and CEO Mitch Junkins discusses the creation process behind his revolutionary paddle and shares his advice for other inventors hoping to make an overhead smash in their industry.


'Don't Be Afraid to Do Something That Nobody Understands': How This Entrepreneur Re-Invented His Career and Found Happiness

Chef Joe Gatto, host of "From Scratch," gives his recipe for starting a cooking show, making deep connections through food, and believing in yourself.

Business News

A Major U.S. Airline Is Furloughing 260 Pilots Amid Cost Concerns, Aircraft Delays

Spirit Airlines is deferring some aircraft delivery by four to five years.

Health & Wellness

This 103-Year-Old Doctor Opened Her Medical Practice Before Women Could Have Bank Accounts — Here Are Her 6 Secrets to a Healthy, Successful Life

Dr. Gladys McGarey started medical school in 1941 and helped pioneer the holistic medicine movement in the U.S.


How Corporate 'Intrapreneurs' Can Harness the Power of AI to Transform Their Businesses and Supercharge Their Careers

Corporate intrapreneurs are uniquely positioned to lead the charge in harnessing the transformative power of artificial intelligence within their organizations. Here is how and why.