3 PROFESSIONAL BENEFITS OF RUNNING AN E COMMERCE BUSINESS
- You are in a growth industry
In world that is constantly changing, it’s important as an entrepreneur to always be looking forward and paying attention to changing trends. Positioning yourself in industries and markets that are expanding or likely to expand is always a smart move. Many fortunes have been made by a person simply being at the right place at the right time.
E commerce is undoubtedly a growth industry showing consistent expansion over the last 10. Boosted by covid19, It is also undeniably the direction that retail shopping is heading with experts projecting a 27% increase by 2026.
- Low overheads and easier to set up
This is particularly important in the current climate with energy prices soaring. Compared to a brick-and-mortar store, the start-up cost and overall process/bureaucracy of getting an E Commerce business off the ground and trading is huge. Add to that the number of fully integrated platforms available such as Shopify and Wix and it really never has been so easy to bring a great idea to life and start making money from it
- Wider reach
Having an E commerce business essentially means that you are able to sell to the world. As access to technology and the internet increases every year, more people are turning towards online shopping which means a larger audience for you to sell to. All that's left is for you to come up with a great product and marketing strategy and rest is potentially history.
