Although it’s hard to not notice, but in case you still haven’t, e-commerce is taking the world by storm and for some very cogent reasons. The e-commerce industry is not only well placed, but future projections are looking very promising. While the big guns in the e-commerce such as Amazon and eBay, control a large part of the e-commerce industry, there is still plenty room and opportunities for small and medium-sized business to also stake a claim in the e-commerce industry.
In essence, there is room for everybody and now is the best time to invest in an e-commerce business. The best part of starting an e-commerce business is that all the tools and resources that you need to succeed and thrive are almost all readily available. All you need is a bit of passion, hard work and desire to succeed.
Just in case you still aren’t convinced, here are a few more reasons why you should be looking to set up your e-commerce business today;
1. It's super easy to get started
As the years have rolled by, setting up an e-commerce business, have only gotten simpler and easier. Now, beginners can get started in a matter of days and can leverage on some of the best tools for e-commerce out there to catch up with the pros. From marketing automation, selling platforms, bootstrappers and even SEO tools can be gotten without spending a fortune.
The only hard part is selling your product. This will require skill, patience and a lot of dedication to grow your business. However, this same thing is true of any endeavour in life. However, once you find your feet, establish mutual trusts with several customers and product distributors, you’ll be on your way to building your own e-commerce empire in no time.
2. Worldwide, eCommerce is projected to reach massive heights in the coming years
Projections from Nasdaq estimate that by the year 2040, around 95% of the total purchase will be facilitated by e-commerce. This is in addition to Projections from eMarketer that suggest that by the end of 2018, around $2.5 trillion would have been spent on e-commerce in the US alone.
These figures are not only amazing but also equally promising, especially for the future.
The numbers support the fact that e-commerce is on the rise and is far from reaching its peak. When choosing a business model, following predicted market trends is important, and the e-commerce industry is showing healthy signs of growth in the future. Therefore, if you want to go into e-commerce, there isn’t a better time than now to delve into it. The opportunities are steadily on the rise.
3. The ability to earn with minimal stress
Unlike every other conventional business that requires location as a prerequisite for operating, e-commerce is neither hindered by location nor time. You can sell your products all day long and to anybody that is willing to visit your domain. Also, you do not require branches or offices; you can run all your activities from one table in your living room.
E-commerce presents a certain kind of convenience that traditional businesses just do not accord you. In this modern age, the motto is to work smart and not hard – e-commerce seems to be a typical example of working smart.
4. 80% of everybody on the web has made a purchase via the internet
As you may have predicted, that figure is only going to soar in the coming years. The main recipe for success in an e-commerce business is to establish credibility and trust with your customers. It all begins with having a great and easy to navigate website to providing items that your customers would be delighted to buy and everything in-between from payment to final delivery. Earning the trust of your customers is paramount to successfully running an ecommerce business.
The stats only show that more and more people will patronise the web sooner or later, and people are already opening up to the idea of doing most of their shopping on the internet. If you want to be among those lucky entrepreneurs making a killing off of their e-commerce business in the coming years, then now is the best time to start.
5. E-commerce currently presents the shortest route to go global
If you are looking to take your business global, then look no further than e-commerce. According to a survey by Shopify, around 57% of domestic shoppers currently buy from an overseas retailer online. This goes to show that setting up an e-commerce business is one of the easiest and shortest route to take your business global and transact with customers in different parts of the world.
There has never been a more perfect time to jump into the world of e-commerce. There are numerous reasons to set up an e-commerce business and listed above are some of the more pressing reasons why now is the best time to invest in an e-commerce business. The potential for the industry to morph into something much bigger is almost inevitable. Therefore, the time is now if you are looking to invest in an e-commerce business, better sooner than later.