Home Business Insights & Advice The most important reasons to consider when starting an online business

The most important reasons to consider when starting an online business

by Sarah Dunsby
22nd Oct 18 11:10 am

It is always better to work smart as opposed to hard. This expression has not been lost on the modern entrepreneur, as the opportunities for success are more prolific than ever before. Such an observation is even more relevant when referring to the world of e-commerce. Whether you have grown tired of your current employment position or you are hoping to capitalize upon this massive industry, the fact of the matter is that success could very well be closer than you think. Let’s look at some of the main reasons why considering a venture into the e-commerce sector could be one of the best choices that you could ever make.

A growing (and lucrative) trend

Recent statistics point out that ecommerce platforms are now valued at more than €60 billion euros in the United Kingdom alone (1). We need to point out that this figure was derived from online retail sales and this clearly illustrates the fact that consumers are now taking advantage of what the digital world has to offer. There are several reasons behind such a movement:

  • Competitive prices
  • A wealth of secure payment methods
  • Access via mobile device
  • One-click access

We also need to keep in mind that smaller businesses are likewise gaining a foothold in the industry. No longer are such opportunities limited to large providers such as Amazon and eBay. It is now possible for one-off websites to target a select audience; leading to a valuable source of additional income. This is why some individuals are choosing to leverage the power of e-commerce to pursue their part-time goals.

Becoming the captain of your own ship

Many of us have grown tired of the day-to-day drudgery associated with a traditional full-time position. Enduring the whims of management, being forced to work extra hours and travelling to and from the office are a handful of frustrating examples. As opposed to carrying on down the same path, why not break free from the mold? In fact, you will no longer require a substantial bankroll to take on such a challenge.

Third-party e-commerce software providers such as Shopify have made it easy for entrepreneurs just like yourself to create a firm digital foundation for future success. You are given instantaneous access to a wealth of utilise and tools including:

  • Customised domain name generators.
  • Advanced customer checkout platforms.
  • Catchy and fully functional website templates.
  • 24/7 technical assistance when required.

There are also numerous pricing plans available, so stringent budgetary concerns are likewise able to be addressed. Perhaps the most beneficial aspect is that all of these systems have been created for those who do not possess a great deal of technical experience. So, you can spend less time on website development and more time on promoting your unique ideas.

We should fully expect this trend to continue well into 2019 and with a bit of foresight, an unparalleled sense of digital freedom undoubtedly awaits.

Sources 1: https://www.statista.com/topics/2333/e-commerce-in-the-united-kingdom/

Leave a Comment


Sign up to our daily news alerts

[ms-form id=1]