Ecommerce: Why you should start your online store now
You’re going to miss out on the opportunity to grab your online pie – if you don’t start your business now.
Do I have your attention? Now listen up – E-commerce is the only trillion dollar industry growing at a double-digit. According to a report by emarketer, industry projections are showing a worldwide e-commerce growth rate of about 13 percent to 25 percent through 2018. This year, the value of the sector is expected to hit the $1.6 trillion mark and by 2018 reach the $2.5 trillion point.
The U.S. is not left out in this positive forecast, with an expected growth rate of 11.6 and 16.5 percent from 2013 to 2018. The trends are screaming get in – hence, you should be thinking about how to leverage this growth trends.
There’s a long runway for growth – the opportunity is huge, and I guess you’re excited already but first, what is e-commerce? E-commerce is a retailing model that utilizes the internet to sell products and services to a wide range of customers irrespective of location and time-zone.
So, here are top reasons why you should start your e-commerce business now.
E-commerce is expected to grow at 13 to 25 percent
Even with the trillion dollar industry tag, the e-commerce growth rate doesn’t seem to be slowing down anytime soon. This presents a perfect opportunity for discerning entrepreneurs to ride on the tail of this trend to financial windfalls.
The entry barrier is getting lower by the day
Gone are those days when an entrepreneur will spend months planning, spend thousands to hire website developers and wait for months to finally go live. Today, with just $100, an entrepreneur can get an e-commerce business off the ground.
So, if you’ve been hesitating to start your business before due to the associated cost, now is the best time to start.
In fact, there’re numerous tools you can utilize to get started, some you can get for next to nothing and others free. So you see, nothing is stopping you anymore from starting your business now.
There’s a ready market for what you have to sell
Eighty percent of internet users have bought something online. So, you don’t have to worry about whether people are willing to make purchases online – all you have to do is establish credibility and trust with your ideal customers.
To do this, you will need an easy to navigate website, publishing valuable contents, and doing what you said you would do.
Earn money as you sleep
Your online store is open 24/7, can be accessed from any part of the world with internet, and you can earn even while sleeping. This is the exciting part of e-commerce, and you should strive to be part of this revolution.
It can be run from anywhere
You are not restricted to any location with your online store. You can choose to manage your business from any part of the world as long as you are connected to the internet.
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