{"id":3007,"date":"2014-09-25T10:08:41","date_gmt":"2014-09-25T03:08:41","guid":{"rendered":"http:\/\/yup.edu.vn\/?p=3007"},"modified":"2026-10-01T01:18:18","modified_gmt":"2026-09-30T18:18:18","slug":"e-commerce-startup-ban-sach-truc-tuyen-va-bai-hoc-thuc-te-thu-duoc","status":"publish","type":"post","link":"https:\/\/yup.edu.vn\/en\/e-commerce-startup-ban-sach-truc-tuyen-va-bai-hoc-thuc-te-thu-duoc\/","title":{"rendered":"E-Commerce Startup: Selling Books Online and Practical Lessons Learned"},"content":{"rendered":"<header class=\"entry-header\" style=\"color: #535353;\">\n<h1 class=\"entry-title\" style=\"font-style: inherit; color: #444444;\">E-commerce startup: Selling books online and practical lessons learned<\/h1>\n<\/header>\n<div class=\"entry-content\" style=\"color: #535353;\">\n<p style=\"font-weight: inherit; font-style: inherit;\"><strong style=\"font-style: inherit;\">This article draws on author Thanh B\u00f9i's own experience launching an online bookstore and his e-commerce knowledge, as founder of the startup\u00a0<a style=\"font-weight: inherit; font-style: inherit; color: #464646;\" href=\"http:\/\/bita.vn\/\" target=\"_blank\">bita.vn<\/a>\u00a0from March 2012 to December 2012.\u00a0<\/strong><\/p>\n<p style=\"font-weight: inherit; font-style: inherit;\">\n<h2 style=\"font-weight: inherit; font-style: inherit;\"><strong style=\"font-style: inherit;\">Why Sell Books?<\/strong><\/h2>\n<p style=\"font-weight: inherit; font-style: inherit;\">\u00a0There are 2 reasons:<\/p>\n<p style=\"font-weight: inherit; font-style: inherit;\">\u00a0<strong style=\"font-style: inherit;\">First,<\/strong>\u00a0books were the product line we understood best at the time (we had previously worked at a company with a book publishing division).<\/p>\n<p style=\"font-weight: inherit; font-style: inherit;\">\u00a0<strong style=\"font-style: inherit;\">Second,<\/strong>\u00a0books are fairly easy to sell. Unlike clothing or electronics, they are not complicated, requiring customers to try before buying and then after-sales warranties. With books, if you like &amp; need them, you buy them.<\/p>\n<h2 style=\"font-weight: inherit; font-style: inherit;\"><strong style=\"font-style: inherit;\">Once you have books, where do you source stock?<\/strong><\/h2>\n<p style=\"font-weight: inherit; font-style: inherit;\"><strong style=\"font-style: inherit;\">\u00a0<\/strong>Because the entire team lacked experience, we had to figure everything out ourselves. We contacted publishers and book distributors in Hanoi to source books. Without enough capital to buy in large quantities, we tried to negotiate arrangements where we would collect books when orders came in. Fortunately, most publishers agreed to discounts of 30-35%. For distributors without Hanoi branches, to ensure a supply of their books, we negotiated with major Hanoi bookstores to buy their stock (specifically the bookstores around \u0110inh L\u1ec5). Naturally, the discount was lower (in practice, they gave us an additional 10% off the retail price).<\/p>\n<h2 style=\"font-weight: inherit; font-style: inherit;\">\u00a0<strong style=\"font-style: inherit;\">So the Supply Is Secured. What Is the Implementation Model?<\/strong><\/h2>\n<p style=\"font-weight: inherit; font-style: inherit;\">\u00a0After much consideration, we decided to adopt a traditional retail model, similar to Amazon, Vinabook, Tiki\u2026<\/p>\n<p style=\"font-weight: inherit; font-style: inherit;\">\u00a0<strong style=\"font-style: inherit;\">We had secured supply and chosen our model. We began considering what differentiated our product from similar products in the same market<\/strong><\/p>\n<p style=\"font-weight: inherit; font-style: inherit;\">\u00a0At the time, based on our experience using and ordering from other e-commerce websites, we identified the following points that would differentiate us:<\/p>\n<ul style=\"font-weight: inherit; font-style: inherit;\">\n<li style=\"font-weight: inherit; font-style: inherit;\">Good service (complimentary plastic covers and bookmarks).<\/li>\n<li style=\"font-weight: inherit; font-style: inherit;\">Fast delivery (aiming for within 24 hours).<\/li>\n<li style=\"font-weight: inherit; font-style: inherit;\">Lower prices.<\/li>\n<\/ul>\n<h3 style=\"font-weight: inherit; font-style: inherit;\">\u00a0<strong style=\"font-style: inherit;\">People<\/strong><\/h3>\n<p style=\"font-weight: inherit; font-style: inherit;\">\u00a0This depends on each team's circumstances. Our project mainly consists of close friends who knew and worked with one another before. We try to have each person handle one area: technology, marketing, PR, or content. At peak times, our team has reached 8 people.<\/p>\n<h3 style=\"font-weight: inherit; font-style: inherit;\">\u00a0<strong style=\"font-style: inherit;\">Technical system<\/strong><\/h3>\n<p style=\"font-weight: inherit; font-style: inherit;\">\u00a0This is another very important part of an e-commerce website. After some research, we chose the open-source CS-Cart system and rented a VPS from PAVietnam.<\/p>\n<p style=\"font-weight: inherit; font-style: inherit;\">\u00a0CS-Cart meets almost all our needs. The website interface is reasonably good, and the backend management system is also good &amp; meets our needs in the initial development stage.<\/p>\n<h3 style=\"font-weight: inherit; font-style: inherit;\">\u00a0<strong style=\"font-style: inherit;\">Work location?<\/strong><\/h3>\n<p style=\"font-weight: inherit; font-style: inherit;\">\u00a0Initially, we chose a team member's home as both our location and warehouse. After operating for a while, issues arose, so we decided to rent an office on T\u00f4n Th\u1ea5t T\u00f9ng Street, opposite Hanoi Medical University. It cost about 3 million\/month.<\/p>\n<p style=\"font-weight: inherit; font-style: inherit;\">\u00a0And so all the preparations were complete.<\/p>\n<h3 style=\"font-weight: inherit; font-style: inherit;\">\u00a0<strong style=\"font-style: inherit;\">The operational implementation process<\/strong><\/h3>\n<p style=\"font-weight: inherit; font-style: inherit;\">\u00a0There are 4 main areas: Cash Flow Management, Logistics, Marketing, and Content Management\u2014updating and adding new products<\/p>\n<ul style=\"font-weight: inherit; font-style: inherit;\">\n<li style=\"font-weight: inherit; font-style: inherit;\"><strong style=\"font-style: inherit;\">Cash flow management.<\/strong>\u00a0We were all recent graduates and did not have much money. Calling it cash flow management was just for fun. In reality, it was simply about having enough money each day to buy new products, pay for express delivery\u2026<span style=\"font-weight: inherit; font-style: inherit;\">\u00a0<\/span><\/li>\n<\/ul>\n<ul style=\"font-weight: inherit; font-style: inherit;\">\n<li style=\"font-weight: inherit; font-style: inherit;\"><strong style=\"font-style: inherit;\">Marketing.<\/strong>\u00a0We primarily use Facebook as our main promotional channel, running a few events and contests there. We also do forum seeding (Webtretho, lamchame\u2026).<span style=\"font-weight: inherit; font-style: inherit;\">\u00a0<\/span><\/li>\n<\/ul>\n<ul style=\"font-weight: inherit; font-style: inherit;\">\n<li style=\"font-weight: inherit; font-style: inherit;\"><strong style=\"font-style: inherit;\">Logistic.<\/strong>\u00a0As mentioned above, we lacked the money to stock all products in our own warehouse. Each day, when customers placed orders, we confirmed them, collected the books from publishers, covered and packaged them, then delivered them to customers.<span style=\"font-weight: inherit; font-style: inherit;\">\u00a0<\/span><\/li>\n<\/ul>\n<ul style=\"font-weight: inherit; font-style: inherit;\">\n<li style=\"font-weight: inherit; font-style: inherit;\"><strong style=\"font-style: inherit;\">Content management.<\/strong>\u00a0We visited other active bookselling websites, took their images &amp; product descriptions, and uploaded them to our own website. Sometimes, for new titles, we received materials sent by the publisher.<span style=\"font-weight: inherit; font-style: inherit;\">\u00a0<\/span><\/li>\n<\/ul>\n<p style=\"font-weight: inherit; font-style: inherit;\">That was our everyday work in running the business. Things grew, but not much\u2026 until one day we ran out of money. And so a beautiful love affair ended.<\/p>\n<p style=\"font-weight: inherit; font-style: inherit;\"><a style=\"font-weight: inherit; font-style: inherit; color: #464646;\" href=\"http:\/\/yup.edu.vn\/en\/x-startup\/\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-193 size-full\" style=\"font-weight: inherit; font-style: inherit;\" src=\"http:\/\/www.twenty.vn\/wp-content\/uploads\/2014\/02\/closed-out-of-business.jpg\" alt=\"closed-out-of-business\" width=\"300\" height=\"215\" \/><\/a><\/p>\n<h1 style=\"font-weight: inherit; font-style: inherit;\"><strong style=\"font-style: inherit;\">Lessons from real life<\/strong><\/h1>\n<p style=\"font-weight: inherit; font-style: inherit;\">Lessons We Learned While Starting bita.vn<\/p>\n<h2 style=\"font-weight: inherit; font-style: inherit;\"><strong style=\"font-style: inherit;\">\u00a0<\/strong><strong style=\"font-style: inherit;\">1. At the Product Selection Stage<\/strong><strong style=\"font-style: inherit;\">\u00a0<\/strong><\/h2>\n<p style=\"font-weight: inherit; font-style: inherit;\">\u2013 Books are fairly easy products to sell because they do not require elaborate selection, previews, and so on. If customers need a book and the title is right, they buy it.<\/p>\n<p style=\"font-weight: inherit; font-style: inherit;\">\u2013 Conversely, selling books has a problem: the profit margin per 1 product is very low. Order values are low ==&gt; The cost per 1 order is high &amp; it is hard to profit without sufficient scale.<\/p>\n<p style=\"font-weight: inherit; font-style: inherit;\"><strong style=\"font-style: inherit;\">Lesson:<\/strong>\u00a0Choose products with careful calculation.<\/p>\n<ul style=\"font-weight: inherit; font-style: inherit;\">\n<li style=\"font-weight: inherit; font-style: inherit;\">Choose the product line you understand best. Ideally, you should already have experience in the industry.<\/li>\n<li style=\"font-weight: inherit; font-style: inherit;\">The same applies to target customers. Your target customers should be people whose habits and behavior you understand well.<\/li>\n<li style=\"font-weight: inherit; font-style: inherit;\">Make appropriate judgments based on your available capital and the market you operate in.<\/li>\n<\/ul>\n<h2 style=\"font-weight: inherit; font-style: inherit;\"><strong style=\"font-style: inherit;\">2. Cash flow\/Cost management<\/strong><\/h2>\n<p style=\"font-weight: inherit; font-style: inherit;\">Our problem was that we had no specific financial plan and had not estimated how much money we would need, so we ran out of money halfway through.<\/p>\n<p style=\"font-weight: inherit; font-style: inherit;\"><strong style=\"font-style: inherit;\">Lesson:<\/strong>\u00a0Calculate expenses carefully and ensure you have enough money to maintain the system &amp; support growth for at least 6 months before considering profits.<\/p>\n<h2 style=\"font-weight: inherit; font-style: inherit;\"><strong style=\"font-style: inherit;\">3. Copying without understanding the essence of the issue<\/strong><\/h2>\n<p style=\"font-weight: inherit; font-style: inherit;\">As I wrote above, the difference we chose was:<\/p>\n<ul style=\"font-weight: inherit; font-style: inherit;\">\n<li style=\"font-weight: inherit; font-style: inherit;\">Good service (complimentary plastic covers and bookmarks).<\/li>\n<li style=\"font-weight: inherit; font-style: inherit;\">Fast delivery (aiming for within 24 hours).<\/li>\n<li style=\"font-weight: inherit; font-style: inherit;\">Lower prices.<\/li>\n<\/ul>\n<p style=\"font-weight: inherit; font-style: inherit;\">Doing all 3 of these things would be very difficult even for a large company with substantial capital. But we were eager for a fight and plunged into all 3. As a result, the cost per order rose very high. The more we sold, the more we lost; the higher our sales, the more frightened we became.<\/p>\n<p style=\"font-weight: inherit; font-style: inherit;\">Specifically: We discount each book title by 10%; plastic wrapping plus a bookmark costs 1,000\u0111\/1 book (excluding labor costs). Then, to ensure fast delivery, we still make a delivery even if there is only 1 order: this takes a great deal of time and effort.<\/p>\n<p style=\"font-weight: inherit; font-style: inherit;\"><strong style=\"font-style: inherit;\">Lesson:<\/strong>\u00a0If you want to do something, study its nature carefully, the difficulties you may face in implementation and whether your current resources allow it.<\/p>\n<h2 style=\"font-weight: inherit; font-style: inherit;\"><strong style=\"font-style: inherit;\">4. Promotion and marketing methods<\/strong><\/h2>\n<p style=\"font-weight: inherit; font-style: inherit;\">At that time, almost nobody on our team had practical experience implementing online marketing in e-commerce. Our marketing execution was therefore very poor. Everything revolved around a few Facebook events and forum seeding. In addition, our available capital did not allow us to run paid advertising campaigns.<\/p>\n<p style=\"font-weight: inherit; font-style: inherit;\">\u00a0As a result, website traffic was very poor, leaving orders and revenue below expectations.<\/p>\n<p style=\"font-weight: inherit; font-style: inherit;\"><strong style=\"font-style: inherit;\">Lesson:<\/strong>\u00a0Balance costs &amp; effectiveness to implement suitable promotional channels. Keep long-term costs in mind to avoid ending up in a situation\u00a0<a style=\"font-weight: inherit; font-style: inherit; color: #464646;\" href=\"http:\/\/www.action.vn\/tin-cong-nghe\/ban-doc-viet\/3342-startup-hay-la-con-ga-chu-dung-la-qua-trung\" target=\"_blank\">\u201cThe Chicken-and-Egg Problem\u201d<\/a>. Seek advice from experienced predecessors.<\/p>\n<h2 style=\"font-weight: inherit; font-style: inherit;\"><strong style=\"font-style: inherit;\">5. Technical foundation<\/strong><\/h2>\n<p style=\"font-weight: inherit; font-style: inherit;\">Back then, we rented a VPS from PA Vietnam (600k\/month). Overall, the quality was quite poor and did not meet our needs. Slow access speeds =&gt; the website loaded very slowly, with frequent downtime =&gt; CR fell considerably.<\/p>\n<p style=\"font-weight: inherit; font-style: inherit;\"><strong style=\"font-style: inherit;\">Lesson:<\/strong>\u00a0Find experienced people to advise you on systems, as well as which services to hire and where.<\/p>\n<h2 style=\"font-weight: inherit; font-style: inherit;\"><strong style=\"font-style: inherit;\">6. Office &amp; warehouse location<\/strong><\/h2>\n<p style=\"font-weight: inherit; font-style: inherit;\">Because we were a startup with little capital, we had to find the cheapest rental space. As a result, the route was inconvenient and the location was not close to suppliers' warehouses.<\/p>\n<p style=\"font-weight: inherit; font-style: inherit;\"><strong style=\"font-style: inherit;\">Lesson:<\/strong>\u00a0Choose a location with the most convenient access to suppliers. If possible, see which area generates the most orders and move your warehouse there. This will save a great deal of shipping time &amp; cost.<\/p>\n<p style=\"font-weight: inherit; font-style: inherit;\">Doing e-commerce in Vietnam is not \u2018a dream\u2019 as many imagine. Success requires a solid financial foundation, operating experience and an understanding of the market and products\u2026 Think very carefully before deciding to invest in this field.<\/p>\n<p style=\"font-weight: inherit; font-style: inherit; text-align: right;\"><em>According to Tweenty<\/em><\/p>\n<\/div>\n<p data-seo=\"yup-program-link-20261001\"><strong>Ch\u01b0\u01a1ng tr\u00ecnh li\u00ean quan t\u1ea1i YUP Education:<\/strong> <a href=\"https:\/\/yup.edu.vn\/en\/x1\/\">X-Startup \u2013 kh\u00f3a h\u1ecdc kh\u1edfi nghi\u1ec7p \u00abKh\u1edfi Ch\u00e1nh Nghi\u1ec7p\u00bb<\/a> \u00b7 <a href=\"https:\/\/yup.edu.vn\/en\/journey\/\">The Journey \u2013 l\u1ed9 tr\u00ecnh ph\u00e1t tri\u1ec3n doanh nh\u00e2n<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Startup v\u1edbi TMDT: B\u00e1n s\u00e1ch tr\u1ef1c tuy\u1ebfn v\u00e0 b\u00e0i h\u1ecdc th\u1ef1c t\u1ebf thu \u0111\u01b0\u1ee3c B\u00e0i vi\u1ebft d\u1ef1a tr\u00ean kinh nghi\u1ec7m m\u1edf website b\u00e1n s\u00e1ch tr\u1ef1c tuy\u1ebfn &amp; ki\u1ebfn th\u1ee9c v\u1ec1 TM\u0110T c\u1ee7a ch\u00ednh t\u00e1c gi\u1ea3 Thanh B\u00f9i, founder startup\u00a0bita.vn\u00a0t\u1eeb th\u00e1ng 3\/2012 \u0111\u1ebfn th\u00e1ng 12\/2012.\u00a0 T\u1ea1i sao b\u00e1n s\u00e1ch? \u00a0C\u00f3 2 l\u00fd do: \u00a0Th\u1ee9 nh\u1ea5t,\u00a0s\u00e1ch l\u00e0 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5284,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[134,13,15,1],"tags":[],"class_list":["post-3007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-article","category-su-kien","category-su-kien-khoi-nghiep","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/yup.edu.vn\/en\/wp-json\/wp\/v2\/posts\/3007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yup.edu.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yup.edu.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yup.edu.vn\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yup.edu.vn\/en\/wp-json\/wp\/v2\/comments?post=3007"}],"version-history":[{"count":5,"href":"https:\/\/yup.edu.vn\/en\/wp-json\/wp\/v2\/posts\/3007\/revisions"}],"predecessor-version":[{"id":17988,"href":"https:\/\/yup.edu.vn\/en\/wp-json\/wp\/v2\/posts\/3007\/revisions\/17988"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yup.edu.vn\/en\/wp-json\/wp\/v2\/media\/5284"}],"wp:attachment":[{"href":"https:\/\/yup.edu.vn\/en\/wp-json\/wp\/v2\/media?parent=3007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yup.edu.vn\/en\/wp-json\/wp\/v2\/categories?post=3007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yup.edu.vn\/en\/wp-json\/wp\/v2\/tags?post=3007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}