Starting an ecommerce business with money saved up gives you a significant advantage, as you can invest in various aspects of your business right from the beginning. Here's a detailed step-by-step guide on how to start an ecommerce business using your savings:

1. Research and choose a profitable niche: Identify a niche market that has sufficient demand and competition. Look for products that are unique, solve a problem, or have a passionate target audience.

2. Create a business plan: Outline your business goals, target market, marketing strategies, and financial projections. A well-thought-out business plan will guide your decisions and help you stay focused.

3. Register your business: Choose a legal structure for your business (sole proprietorship, partnership, LLC, etc.) and register it with the appropriate government authorities. This step ensures legal compliance and protects your personal assets.

4. Build your ecommerce website: Invest in a professional website design and development. Use platforms like Shopify, WooCommerce, or Magento to set up your online store. Ensure your website is user-friendly, mobile-responsive, and has secure payment gateways.

5. Source your products: Determine how you'll source products for your ecommerce store. You can consider dropshipping, where the supplier handles inventory and shipping, or you can stock and ship products yourself. Find reliable suppliers or manufacturers who offer quality products at competitive prices.

6. Invest in marketing: Allocate a significant portion of your savings to marketing your ecommerce business. Consider various digital marketing strategies such as search engine optimization (SEO), pay-per-click (PPC) advertising, social media marketing, content marketing, influencer partnerships, and email marketing. Experiment with different channels to identify what works best for your target audience.

7. Optimize for search engines: Implement SEO techniques to improve your website's visibility in search engine results. Focus on keyword research, on-page optimization, content creation, and link building to drive organic traffic to your ecommerce store.

8. Create compelling product listings: Craft persuasive product descriptions, use high-quality images, and highlight unique selling points to attract customers. Optimize your product listings with relevant keywords to improve search rankings.

9. Provide exceptional customer service: Invest in customer service tools and resources to ensure prompt and efficient support for your customers. Respond to inquiries and resolve issues promptly, as positive customer experiences can lead to repeat purchases and positive word-of-mouth.

10. Monitor analytics and make data-driven decisions: Utilize tools like Google Analytics to track website traffic, conversion rates, and customer behavior. Analyze this data to identify areas of improvement and make informed decisions to optimize your ecommerce business.

11. Scale and expand: As your business grows and generates profits, reinvest a portion of your earnings back into the business. This can include expanding your product range, entering new markets, or implementing advanced marketing strategies.

Remember, starting an ecommerce business requires continuous learning, adaptation, and perseverance. Stay updated with industry trends, network with other ecommerce entrepreneurs, and be willing to adapt your strategies based on market demands.

While this guide provides a general overview, it's essential to adapt these steps to your specific business idea and market conditions. Consider consulting with professionals or seeking mentorship to gain more insights and guidance tailored to your unique circumstances.