To start with, let’s first understand what e-commerce is. The selling and buying of products and service through an electronic medium like the internet is called e-commerce that means that commerce which is done using electronic channels. This mode of business has evolved over the recent years and has been touching new heights of success.
Let’s understand what those reasons be that you should start your own e-commerce store.
1. Business acumen
Running your own business enables you to do what you want which is not possible working for someone else. If you have the passion and that fire in your belly for business, it’s time to give it a try. Being an entrepreneur, you will get the freedom of being your own boss, working for yourself, not for anyone else. If you love to write, start a website selling writing solutions online to the businesses that are looking for content. Passion is the major factor you should consider to kick-start any online business.
2. Make extra money
Online business is entirely different that running a brick-and-mortar business. In e-commerce, you can start your own website and start selling your products at a worldwide level. You do not have to create multiple storefronts for different places or countries. Once you build awareness about your business, you can even earn extra bucks when you are sleeping which is not possible in brick and mortar business. Using technology you can expand your businesses. Online business although does not guarantee success but the loss is much lesser than brick and mortar business and the source of income can be proportionate to investment. You can learn from others and reap benefits with patience and hard work. It will take very less or no capital investment if you opt for online business.
Being self-employed always has more control over your monetary destiny and more independence compared to people who work for other companies. You give more effort and dedication when you work for yourself than working for others. You are always in working mode that gives the result. You will have more control and flexibility in terms of the working time and ways of working. Online business also gives you more management and creative liberty.
4. Tax benefits
By running an online business, you do not have to spend on overheads like computers, furniture and utility bills which can be reduced from your tax liability. In the least capital cost, you can start your own online business and save tax by spending less.
5. Customer support
Being an online business owner you would be able to provide 24/7 customer support to your customers which are not possible in physical business. Your customers are the most important part of your business. You can attend to your customer’s problems and queries all day and night being an e-commerce owner.
6. Affordable marketing
Online marketing is much cheaper and effective than the costly billboards, news ads, or fliers. Albeit, you can apply these marketing stunts too, but today content marketing, social media marketing, and platforms like Facebook, Twitter and AdWords are more accessible, inexpensive and you can outreach a wider spectrum of targeted audience easily and quickly.
7. Mobile commerce
With the dynamic evolution in online shopping, it is always better to adapt to the change to keep pace with the competitive marketplace. Mobile commerce which is also called M-commerce is a great way today to target most of the customers through their mobiles. This enables you to sell your products through mobiles of your users. For this, you need to have a mobile version of your e-commerce website to drive more traffic to your website.
8. E-commerce growing faster
E-commerce is the trend of the day with every passing day. Online shopping is getting more and more momentum due to its easy accessibility and reduced efforts. As per the estimation, the worldwide online sale is going to touch approximately $2.5 trillion by the year 2018. This is the best time if you have plans to start your own online business and the opportunities are growing day by day.
9. Online business is easy to start
With the evolution of e-commerce its tools have also improved over time and now it has become even simpler to start your own e-commerce store. There never have ever so much diverse tools and technologies to start an e-commerce business. From selling platforms to branding automation and SEO techniques, you can start your business without much investment.
In addition, to start an e-commerce store you do not have to have knowledge of technologies or tools. There are platforms like Shopify and much more that are ready to help you making your online selling business simple. They offer multiple design templates, easy checkouts, various secure and safe payment gateways and often free hosting as well. All you require is a strategic planning to sell a product that you are passionate about and think you are able to sell.
There are many entrepreneurs who might have some business ideas that they would one day love to materialize. This is the time if you have a concept and planning in your mind to start your own online venture. There are several good reasons to start your own online e-commerce business. So, friends do not think twice now and pull up your socks to give it a try by hiring a professionally expert web developer or ecommerce solutions provider to help you convert your dream into reality.