Your policy will act as a legal declaration, which protects you from legal action and other issues down the road. If you're operating without one, it's the equivalent of operating without a license. That's why you see so many stores, apps and other sites making you aware of their privacy policies.
This will allow you to create those long lasting relationships with your clients, and ensure your success over the long term.
As well as the why, include the how in your policy. Typically companies use browser cookies to collect information, so you'll need to be very clear to customers about how they're used and how you'll use them on your site.
Consider adding age warnings: Depending on your store and the items you sell, you may want to add age warnings or restrictions to the policy. You'll want to be wary of children making purchases without parental permission, especially if you're selling items aimed at children.
You can't stop that from happening, but what you can do is be very clear about your policy about selling to children under a certain age. If you ever believe that the policy has been breached, then you'll need to take action. If you do this, you're showing that you follow your policy and regulations.
Use an online generator: There are lots of tools out there right now, where you can input the data needed for your policy, and the generator creates a policy for you. These are very helpful, but if you're using them you need to make sure that you're getting legal counsel first, to ensure you're using the right info in your policy.
Madeline Miller is a writer with Custom Essay. She covers online privacy and advises businesses on the subject. She's also a blogger.