Since the pandemic kept everyone confined to their homes, people have turned to shopping online. As you have seen from other entrepreneurs, e-commerce is very successful. However, you may have been hesitating for a long time about getting started with e-commerce. Will you let another year go by without making the first move?
Many of our customers in retail or even in the service sector have seen a great deal of success transcending to selling online. What is important is the right turnover, the right website and of course the right marketing .
It would be wise to start your e-commerce journey as soon as possible as economists predict that by 2040 95% of all customer purchases will be made through e-commerce. Try to get in for your own business before it’s too late.
Here are eight reasons why 2022 is the perfect time to launch an e-commerce store:
Money is important when it comes to business, so many innovative ideas remain stuck in people’s minds due to a lack of capital. Also, renting a brick-and-mortar retail store and stocking it adequately can be financially draining.
But with an e-commerce store, the monetary requirements are budget-friendly. You can start with a basic hosting plan on any e-commerce platform of your choice. For a small, flat monthly fee, you can start promoting your products and wait for customers to place orders.
The low start-up costs allow you to put the majority of your capital into improving the business.
Do you want to start with e-commerce? Then you don’t have to reinvent the system. Perhaps your concern is how to distribute ordered goods to your customers.
However, you do not need a van or van to deliver your products. The best approach is to use the services of an order fulfillment company.
Once your customer orders goods online, it is the company’s responsibility to collect the product from you and ship it to the customer. Of course, they charge a fee for such order fulfillment services, but the price is reasonable for the convenience they offer. Calling professionals might help you with shipping.
The COVID-19 pandemic has transformed the business world in several ways, as the viral nature of the disease prompted people to avoid close physical contact with strangers in public vehicles and shopping malls.
To better protect themselves from contagion, more and more people have resorted to online shopping as it requires less travel and social interactions. When you start e-commerce, you tap into this rich customer base.
A stationary store is at a disadvantage when it comes to potential range. Most of the time, only people nearby buy goods from the store, and people from neighboring towns may not even know of your existence.
But when you bring your business online, you can reach an unlimited number of customers. You may be based in the US, but customers from all over the world could order your goods. Such a large customer base can increase your profit potential exponentially.
As previously mentioned, it is projected that 95% of all purchases will be made via e-commerce in the next 20 years and this is an exciting trend for many industries.
In 2016, the US alone already had 209.6 million online shoppers. These people have browsed products, compared prices, and bought goods online at least once. The forecast for 2022 for the country is 230.5 million online shoppers and you expect that number to keep growing.
Global e-commerce sales have already reached $4.8 trillion. You can be a part of it by getting started with e-commerce and improving the customer experience to exceptional standards.
By hosting your goods and services online, you can run your business in different types of models including but not limited to:
Consumer to Consumer (C2C)
Consumer to Business (C2B)
Such a variety of choices is beneficial as you base your business on be able to tailor the most viable and profitable option.
Also, you can choose from several transaction partnerships such as the following:
Dropshipping (selling products made and shipped by third parties)
Subscription (periodically charging customers to access software or websites)
Digital products such as courses, templates, and video games
Services such as online coaching and telemedicine
If you know your way around the internet, you can find incredible information on how to open and manage ecommerce stores to ensure maximum profitability. In fact, you can find free written and video tutorials on almost every aspect of your online business.
Here are some of the things you should learn:
Popular Ecommerce Platforms and How to Choose the Best One for Your Business How to
Set Up an Ecommerce Website
How to Invest in Search Engine Optimization (SEO)
Choosing Themes and Templates
Adding Products to Your Online Store
Electronic Payments Basics
How to promote your products
How to improve customer satisfaction
How to optimize your ecommerce store for mobile devices
An ecommerce store gives you more control over your working hours. Whether you’re the early bird or the night owl, ecommerce has you covered.
The setup phase can take up a significant amount of your time, but once everything is set up, maintenance shouldn’t be a problem. You may never have to spend more than two hours a day in your online store.
This allows you to work from anywhere, especially if you travel a lot. You can also keep your full-time job and run an ecommerce store as a part-time job.
What if you were your own boss and didn’t have to report to anyone? It’s the benefit of having your platform.
Nothing should stop you from launching your ecommerce store this year as the benefits of taking this step are obvious. Even if you run a physical business, the importance of an online presence cannot be overstated.
In the years to come, hosting your goods online could become mandatory rather than optional if you want to survive in the highly competitive business world. The earlier you start, the better your chances of success. A large percentage of business-minded individuals use portals like Store Coach to buy, sell, and build e-commerce businesses. For over a decade, Store Coach has helped level the playing field in the e-commerce world by providing free training courses that teach entrepreneurs how to compete with the big online retailers