Setting up an eCommerce store is the popular way today to make money online. For development, one needs to reach new customers & communicate effectively and regularly with the existing ones. If you have a physical storefront, you’ve probably realized these two requirements for growth are not easily achieved. Have a perfect desire to succeed and grow your business then going online is the right choice for you. Scroll down to know the reasons as to how an e-commerce store is important for your existing business’s success.
Expected growth in the E-commerce world
Statistics of e-Marketer are showing rapid worldwide e-commerce growth through 2018. This year is expected to peak at nearly $1.6 trillion and by the end of 2018, almost $2.5 trillion. In the U.S. alone, e-commerce growth is anticipated to be somewhere between 11.6 and 16.5 percent from 2013 to 2018. Hence, the e-commerce industry has no looking back and is increasing rapidly. This surely has the potential to take your business to a next level.
Earn while sitting on the couch at home
E-commerce has a certain benefit of earning more than what you actually do at a store front. Internet and technology give the business owner the chance of expansion for their business. It is certainly possible to earn while you sleep or even when you are relaxing at home. You can do anything sitting just on the couch at your home comfortably. In e-commerce, you can set up a storefront at your own domain name and sell your products globally. You don’t need multiple storefronts to be seen across the entire world. If you are interested in diversifying and expanding, then e-commerce is the way to go
Buyers are Online
Buying online is the new trend. The online policies of exchange and return also add to the benefits to the customers. Now, no more going out in the heat and one can enjoy shopping sitting at home with the access of one click and you are done. Many people like to shop online to avoid traveling time and traffic while enjoying the comfort of their own home. Shopping online also gives them the ability to shop whenever they want even including times the retail store is actually closed.
Increase your store’s visibility
By starting an e-commerce store, one can increase its visibility. Social media helps in doing this to the utmost. You can make your store easily visible to a greater audience at the same place. This not only helps in creating new customers but also interact continuously with existing ones as well. We can also reach new prospective customers through the search engines.
Every store offers certain promotional strategies and is eagerly looking for ways to spread the word about their newest deals. Your eCommerce store is another avenue to market your special promotions. These promotions are also a great way to execute on the first point of this post, collecting email addresses. Promotions help the business by increasing sales in the short-term and long-term since promotions typically include a sign-up step – giving you the ability to reach out to these people later for repeat business.