1.
Identifiable
Demand
Identifying the customer base for an
online ecommerce is much simpler than getting customers for a brick and mortar
store. How? It’s pretty simple. Head over to Google keyword planner and search
for products that are relevant to you and Voila! You have your customers.
Investing time and money to find out
your customer base before starting an ecommerce business is always better than
setting up a business and finding out no one wants your products.
2.
Scalability
Provided that you set up everything
correctly, an online Ecommerce can go long stretches of time without constant
micromanaging. But this does not mean that you put in great effort to start up
the business and then abandon it later while expecting profit, it does provide some
autonomy as taking care of a 100 customers is just as easy as taking care of 1
for a proper ecommerce website. Increase in customers can mean increase in
operational costs and customer service but still, these costs grow slower than
your prospective profit.
3.
No upfront
capital
Drop shipping ecommerce technique is
great for budding entrepreneurs as they don’t require upfront capital. In it,
you partner with a drop ship wholesaler who stocks up the inventory who pays
for it upfront. When you receive a new order to fulfill, you simply forward it
to the wholesaler who then ships it directly to the customer. The only drawback
is that the margin might be smaller than having your own warehouse inventory
and there would be a few logistical issues to solve, but it is a great way to
start a business and continue it in the early stages.
4.
No technical
knowledge required
Although a basic knowledge about HTML
and CSS languages can go a long way in helping you understand how it works and
not depend on others for some basic changes, on the whole, you don’t have to be
a programming ninja to run your own ecommerce business successfully. Companies
like Shopify, Kart Rocket including we at Maestro Infotech provide easy to use
comprehensive tools to get a ecommerce idea get implemented and running in no
time. Once it is working like clockwork, you can take some time to learn and
understand the business infrastructure and how to improve it.
5.
Benefits of the
Internet
Since the business is essentially on the
internet, it gets all the benefits of working online. Work from anywhere in the
world, reach out to a global audience, and enjoy incredibly low overhead
expenses. An online ecommerce also has the added advantage that it can attract
relevant traffic of inquisitive customers to your business through Search
Engine Optimization. Optimize the elements and content of your website and you
can virtually gain all the traffic you will need free of cost to your website
instead of paying for it through advertisements. Although SEO in itself is not
free and include a lot of work, the end results are sure worth the investment.