You’ve probably heard about successful entrepreneurs who made their money through ecommerce. Meanwhile, you’ve always had a passion for starting your own business, but have never gotten around to it.
In this era of boundless technology, ecommerce is your best bet to start a business without the associated stress. Platforms such as Shopify let you do that at the drop of a hat, and creating a Shopify store will put you on the path to success. With that in mind, here are the top five reasons why you should start an ecommerce store.
- Affordable marketing
How much do you think it costs to advertise on a billboard in Times Square, even for a short while? It can cost up to $25,000. While you can still make billboards for your ecommerce store, online marketing is much cheaper and you can reach a wider audience that way.
- It is a global market and the expected growth rate is massive
Having an ecommerce website will allow you to reach an incredible number of people, all over the world. Long distances and time differences do not matter in this industry, as you can make sales and profit at any time of the day and from any location. Also, according to Statista, the ecommerce industry is expected to reach $6.54 trillion by 2022. The market is huge and being a part of it would only be to your advantage.
- A way of earning more money
You could use your ecommerce store as a side hustle where you make a little extra income, or as full-time labor in which case you’re assured of a stable source of income.
With Shopify e-commerce, you can bypass all the hurdles of the corporate world and earn income.
Finally, two words… “tax benefits.”
- E-commerce is the dream of entrepreneurs
This is especially true for those who want their business to be based online. Having an ecommerce business gives you the freedom to work whatever hours you choose. You’re not stuck at a desk from 9-5. You can hire a team that manages your business online while you take care of other things.
Also, this allows you to create the products you need. Take a page out of the book of the Shopify creators, who created the ecommerce platform to compensate for the poor market for snowboarding equipment. In following their example, think of an existing need in the market, build on it, and watch your business grow into an empire.
- The ease involved in setting it up
If you’ve ever set up a physical store, then you know just how stressful it can be. The processes are numerous, from leasing space to getting all the required documents in order. However, setting up an online store is quite easy. Using a platform such as Shopify makes things even simpler for you, as everything is well organized and hassle-free.
At this point, you have seen all the reasons why ecommerce is the way to go if you’re looking to start a business. If this is the path that you’d like to take, then you should give it a little more thought and try it out to see if it’s for you.