Are you looking for an extra means to earn money? Then it would be best if you considered starting an e-commerce business, where you buy or sell products or services over the internet.
Whether you’re a visionary entrepreneur or an investor with extra money on the side, here are several reasons why you should embark on a lucrative e-commerce business today:
E-Commerce is a fast-growing business venture.
Projections show that e-commerce sales will hit the $4.9 trillion mark by 2021. It continues to grow, with online sales besting offline sales by three times.
And this is not limited to just one site, with Asia, the United States, and Europe taking a big chunk of the business pie.
With these numbers at hand, it’s safe to say that e-commerce is one of the best business models to try. After all, there’s no way to go but up!
Revenues are pegged to increase even more, compared to other industries that are slowly losing their appeal.
With more and more e-commerce doors opening by the minute, it’s time you made a move and got started on this business.
About 80% of people have made an online purchase.
It’s no secret that a lot of people enjoy buying online. After all, it comes with ease of business – you need not drive to a store, spend on gas money, and wait in line during sale periods.
All you need to do is browse the website via PC or mobile, add the product to cart, and check out. It’s that simple.
That said, now is the best time to take advantage of the people’s newfound love for e-commerce. But as you do so, it’s your responsibility to keep the shopping experience safe and secure. Identity theft and credit card fraud are no laughing matters, after all.
With trust being the foundation of good e-commerce experience, using appropriate platforms will help you take a fair share of the online retail chunk.
E-commerce allows you to earn income passively.
Brick-and-mortar stores require good store locations to make good sales. Add to that are the expensive overhead costs that may prevent the owner from expanding his business.
With an e-commerce business, you don’t have to be limited by this.
Having an online store means you don’t have to be hampered by location issues. Your clients could be on the opposite coast, and they can still order from you. Since your store is open 24/7, you get to take advantage of late-night shoppers – even those located on the other side of the planet.
As you would see in most reviews of Ecom Warrior Academy, an online business could help you earn as much as $4,000 while you sleep!
With a good strategy – and the help of the right technologies – you could expand your business without breaking your back.
It’s easy to get started.
Starting a brick-and-mortar business can be quite laborious. You need to scout for a suitable location that you could afford, stock up on your inventory, purchase business technologies, and hire employees.
Even if you have the funds to open a store, you need to wait for quite a bit of time before you could open it.
This is just one of the many reasons why it’s better to start an e-commerce business.
For one, it’s relatively easy to do. With the popularity of online retail, you have plenty of programs to choose from to help you start your store.
Using them is pretty straightforward, which is suitable for not-so-tech-savvy business owners. Since these platforms usually don’t cost a lot, you also need not spend a good deal of money.
If it’s your first time to set up shop, you can always take advice from e-commerce experts such as Matt Lepre. He can help you get started with dropshipping, which is an inexpensive and low-risk way to start your business.
With his help, you can earn a lot of money – just like the happy customers on the Ecom Warrior Academy reviews page.
It allows you to work on your passion.
Have you always been passionate about making arts and crafts? Well then, maybe it’s time for you to earn money from this hobby.
As Confucius once said, “Choose a job you love, and you will never have to work a day in your life.” The same principle applies to e-commerce businesses.
If you find a niche that you’re interested in, you’re sure to have fun while earning a good deal of money.
It’s a great way to assert your independence.
Have you lost your drive for your current job? While it’s tempting to resign right away, it’s best if you had a back-up option for your finances. That’s where an e-commerce business steps in.
As mentioned, an online store is easy to set up and doesn’t require large capital, unlike brick-and-mortar stores. It allows you to earn passive income, too, so you have the freedom to do more important things or seek out a brand new job.
You can always reel your customers back in.
When a client walks out of your brick-and-mortar store without any purchase, there’s a likely possibility that he/she won’t go back in again.
Fortunately for online businesses, you don’t have to worry about this. While there’s the problem of abandoned shopping carts, you can use programs and tools that recapture your client’s desire to buy.
You can also make your clients buy again through the power of good content marketing. It’s all about making informative and relevant materials for your clients. This will prod them to sign up for emails or follow your social media platforms, which you can use as venues to push promotions, discounts, and sales.
As you keep your customers in the loop, you get a higher chance of enjoying a transaction once again. These are just some of the many strategies you can take advantage of so that they complete the checkout process.
E-commerce is a fast-growing venture that fits most entrepreneurial minds. As it doesn’t require a large capital while being amazingly easy to set up, it’s high time you get started with an online business today!