With more than 1.46 billion digital buyers worldwide, there’s no doubt that an online store is an excellent way to make money.
And with our continually growing reliance on digital media, eCommerce is only going to grow. In the Asia Pacific region, PwC research suggest sales will reach US$1.3 trillion by 2019.
Getting in now could be the best thing you ever did.
Why get into eCommerce?
Earn from anywhere
For bricks-and-mortar businesses, location is of primary importance, making a huge difference in terms of visibility and sales. In eCommerce, however, you can set up a storefront at your own domain name and sell products to people all over the world. eCommerce lets you sell to a person in Brisbane from your home in Sydney. It allows you to take a holiday in Asia while still collecting orders. It allows you to schedule your own hours and work from anywhere in the world.
Earn while you sleep
There’s not too many businesses that allow you to earn money while you sleep, but eCommerce is one of them. Sure, there’s still a lot to do, but there are automated processes that go ahead whether you’re awake or not. With a global customer base, you could wake to find a series of new orders.
It’s easy to get started
With increased eCommerce use comes more eCommerce tools to make setting up an online store relatively simple. There of course are costs associated with starting an online store, but they are minimal - especially when compared to a physical store. Some eCommerce platforms (like ours!) offer free trials to make starting your online store even more achievable.
Everything is measurable
One of the advantages to selling online is being able to track everything. You can see where a customer came from, how they interacted with your site, what they purchased, what they left in their cart and more. This data provides vital information you can use to build your online store.
Why it’s never too early
So you know that setting up an online store is a great idea. But are you ready? The answer is… YES.
You don’t have to risk it all
When you start a new business, there’s a lot than can go wrong. But starting an eCommerce business doesn’t mean risking it all. There’s no reason why you have to jump in the deep end - you can start off small and work it on the side of your current job. That’ll give you great insight into whether or not it’s worth putting more resources into.
You’ll build personal financial security
When you work for someone else, you never really know what’s around the corner. Anything can happen - but should the rug be pulled from under you, at least you have your eCommerce store to fall back on.
Waiting won’t help
It’s easy to keep waiting. Perhaps you think you’ll have a bit more time to work on things in the near future. Perhaps you think you should wait til you find the perfect product. The reality is that there will always be something telling you that ‘later may be a better time’. Don’t wait to see if someone else can succeed at something you know you’ll be good at.
Building a new business is exciting
The opportunity to make money, to build a brand name, or to make a difference in your industry is exciting. Grabbing the bull by both horns does something to a person. It sets a fire inside that’s hard to extinguish. You might not think you’re ready right now, but as soon you get started and set the ball rolling, you’ll be amazed at how motivated you become.