5 Reasons You Should Start Your Online Shop TODAY
I talk a lot about blogging – and while it’s still necessary for e-commerce stores from a marketing standpoint – I wanted to talk specifically about e-commerce and online stores in general. Namely, 5 reasons why you should start your online business TODAY.
Many businesses have already set up online shops to complement their physical ones, and many others – even those without degrees in Entrepreneurship or Business Administration (to name a few) – are also setting up online shops for products and services they can offer and make a living out of. You’ve probably dreamt of opening one yourself – how awesome would it be to have an online clothing business or a shop for your artworks and have the world see what you can offer?
It would have your own personality and branding, and the best perk – you can literally make a living even while you’re passed out in bed at night.
But you may also have your doubts; you might not have the time to manage an online shop, or you’re worried about the potential costs, or it might not suit your lifestyle. You might even be thinking that you don’t have the proper education to start selling things on your own.
If you’re questioning yourself on why you should start up that online shop of your dreams, here are a few reasons why:
1. It’s inexpensive.
Contrary to starting up a brick-and-mortar shop, an online shop requires you to only pay the basest of amounts: a domain name, website hosting, and shipping fees if you’re selling physical items online.
There are very little overhead costs for you, and they only cost a small percentage of what you’ll pay for if you set up a physical store.
The costs are to your advantage, too. In choosing a location, the ones that provide the best access to your niche would often be pricier, as a lot of your competition are also vying for the same spot. But with a domain name and hosting account, prices are based on what features you want to access or what budget you have with little impact on you reaching your niche.
2. It’s time and location-flexible.
The beauty of an online shop lies in the fact that you don’t need a specific time and place for it to function – it’s there 24/7, at your reach, anywhere and everywhere you have an Internet connection. Go live anywhere you want across the globe, and you can still achieve the same results in whatever currency you need. You can also work at any time you wish – at what time you start, how many hours you work, and what days of the week you prefer working. This lets you have time for other things you want to do, like your hobbies, contacting suppliers, or spending time with your family.
3. There’s an unlimited income potential.
With your business not being bound by time and location, it’s 24/7 available to your customers, 365 days a year – unless you close up shop orders for the time being and come back to it later. That means that, even when you’re asleep, orders are bound to be happening, which means that you’ll be accruing passive income – this is one the BIGGEST factors that allowed me to reach my own 6-figure internet marketing salary.
How much you work also determines how much your income is. If you spend a lot of effort with your marketing and income-producing activities, you can lessen the hours you spend online tending to your shop while increasing sales.
An online shop also means that you have access to a bigger market than a physical shop would have, and more potential customers means a higher chance of securing sales.
With the use of social media and other marketing tactics, you know that you’re reaching the niche you’re targeting, and can have them interact with your shop anytime they wish – making it convenient for both parties involved.
4. You can manage it on your own standards.
Having an online shop that you manage personally means that you make the decision on how it functions and runs.
You have the freedom to decide its appearance, what niche you’ll target, the way customers reach you, etc.
How your shop turns out is entirely your preference, not someone else’s, which is one of the biggest factors that lead to unhappiness in the workplace.
5. It’s what you want to do.
In the end, the biggest reason why you should set up your online business today, is because you want to and you’re determined to make it work.
Your passion is in your work. You’ve decided you belong as an entrepreneur, and that this is the most cost-efficient way to do so while never sacrificing the possibility for a low income.
Because let me be clear – this has the potential for MASSIVE monetization.
So, what are you waiting for? Start your dream online shop now – and I’ll show you exactly how to get started.