406 Views

10 Reasons Why Everyone Is Going For E-commerce Business

In the past, if you wanted to start a dot-com company, investors would shy away from you. They assumed you would fail. In the early days of the Internet, many dot-com companies did just that. They spiked with great sales in the beginning then promptly nose-dived and are no longer in business. Today, however, the exact opposite is happening. If you aren’t online, you are doomed to fail. The companies that are based solely online are taking the world by storm and are successful. E-commerce is a subset of this trend, but it is becoming more and more common every day. Here are some reasons why small business owners embrace e-commerce.

1. Your Store Will Go Everywhere

If you have a brick-and-mortar shop, you have a limited number of people who can come through your store. Even if you are open 24 hours, you can’t reach as many people as you can with an E-commerce site. Also, you have global customers, but with a physical store, you only have access to customers in the local area.

2. Your Shoppers Will Enjoy Convenience 

If you are sales expert you know that customers want to be able to buy whatever they want with a click of the button. With an online store they don’t have to worry about whether the store is open. They don’t have to worry if they are wearing clothes or their pajamas. They can have their purchases sent directly to their doorstep.

3. Your Overhead is Low

When you own a store, you have to pay employees, electric, water, rent and insurance. You don’t have any of those expenses with an E-commerce site. You have to pay for the site, logistics and possibly warehouse employees. You might also have to pay for the company that ships your goods, but these costs are considerably less than if you had a store.

4. Your Products Can Sell Cheaper

You can afford to lower your price, which attracts more customers. You still will make a huge profit, but the margins are lower. You would make up in volume what you lose in store sales. And, in stores, you have to mark up your prices so high because of overhead and other factors, such as theft. You don’t have to worry about theft with an E-commerce site. Online sales allow you to be creative with your specials and discounts too.

5. You Can Benefit From Affiliate Marketing

What if you had an E-commerce site and were asked to put some of your products on someone else’s site as well? You would rake in tremendous sales. Even with the small commission you would pay the other person, you would get twice the number of customers. And, you can offer to pick up other people’s products for your site with a small fee. You will help the other company which will help you. Everyone wins.

ALSO READ  Nigeria's Investment Inflow Reduced By N642bn Under President Buhari

6. Your Store Is Like A Supermarket

If you shop in a supermarket, you can buy almost everything. At stores like Target you can get everything. This means people can take their time, browse the shelves and pick what they need without ever having to go to another store. The same is true in E-commerce, but the selling space isn’t limited by the physical space of a store. You can find whatever you need on an e-commerce shopping site from clothes to automotive products. Your customers will spend more time shopping on your site, which equates to more sales.

7. You’ll Benefit From The Big Mobile Buying Trend

In the latest trend in E-commerce, business owners are focusing on mobile marketing because smart phones are driving sales in retail. People are using their phones to shop, tell friends about their finds and looking up reviewson products or services. This trend is assisting the growth of E-commerce’s popularity. People would rather hit a button on their phones to buy something than to drive to the store. Businesses are eating up the profits and making their sites better.

8. Your Shoppers Can Buy Online, Return To Store

If you take notice of customers behavior nowadays, many people enjoy having the option of buying a product online and picking it up in a store/ returning it to a store. This is all about convenience. People don’t have to wait two weeks to receive their products. And, if they don’t like it, they don’t have to worry about the merchandise return requirements.

9. Your Shoppers Will Find the Unique Products They Want

If you want to buy something specific, such as an antique dinner plate, you will have more options online than at a local mall. You might not even be able find what you are looking for at a physical antique store.

10. You’ll Be Able To Offer Discounts and Deals 

If you own a store, you can offer a sale to draw customers to your place of business, but every other store is doing the same thing. Today, shoppers check online for discounts and deals. They search for the store with the best sale and go there.

However, remember that when you are building your E-commerce site, you want to work with companies who understand the industry as you definitely don’t want a website that will crash.

HACK

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Comment

Your email address will not be published.

Latest Posts

How I Fainted After Being Robbed By Okada Man In Lagos; Lady Narrates. [Photos]
Shocking
43 views
Shocking
43 views

How I Fainted After Being Robbed By Okada Man In Lagos; Lady Narrates. [Photos]

MT - January 20, 2018

A lady identified as Amarachi Azubuike, has recounted her horrific ordeal at the hands of a motorcyclist a.k.a Okada man who robbed her and threatened to rape…

Singer Simi Plays Chief Bridesmaid Role As Her Mum Remarries
Entertainment
49 views
Entertainment
49 views

Singer Simi Plays Chief Bridesmaid Role As Her Mum Remarries

MT - January 20, 2018

Early this year, there was a viral report that Ms. Jedidiah Ogunleye 'Love don't care' crooner,  Simi's mum will be getting married this January. Ms. Jedidiah Ogunleye and her…

Davido Buys iPhone For Friends To Celebrate The Release Of Umarudeen Kayode
Entertainment
60 views
Entertainment
60 views

Davido Buys iPhone For Friends To Celebrate The Release Of Umarudeen Kayode

MT - January 20, 2018

Dmw Boss Davido puts smile on alot of his crew member and friends Face by even going far to get them an iphone X just to celebrate…

Anti-open Grazing: Why APC Governors Are Begging Ortom To Reverse The Law
Politics
61 views
Politics
61 views

Anti-open Grazing: Why APC Governors Are Begging Ortom To Reverse The Law

MT - January 20, 2018

Governor Samuel Ortom of Benue State is under intense pressure to prevail on the state assembly to repeal the antigrazing law, which had become a sore point…

What Could President Buhari Have Told This APC Chieftain That Got Him This Way? (Photo)
Politics
56 views
Politics
56 views

What Could President Buhari Have Told This APC Chieftain That Got Him This Way? (Photo)

MT - January 20, 2018

President Muhammadu Buhari had this man laughing during the dinner hosted for APC Party Chieftains in State House yesterday.

Photos Of American-Nigerian Rapper, Jidenna Smoking Heavily
Entertainment
56 views
Entertainment
56 views

Photos Of American-Nigerian Rapper, Jidenna Smoking Heavily

MT - January 20, 2018

Caption This Adorable photo of Jidenna smoking Heavily Any caption?

Yewande Adekoya Celebrates Her 35th Birthday With Makeup Photos
Entertainment
53 views
Entertainment
53 views

Yewande Adekoya Celebrates Her 35th Birthday With Makeup Photos

MT - January 20, 2018

Actress Yewande Adekoya Stuns In New Makeup photos As She Celebrates 35yrs birthday Today. Yewande Adekoya (born 20 January 1983), is a Nigerian actress, filmmaker, director and…

Why Your Smartphone Can Make Emergency Calls Without A SIM Card
Technology
49 views
Technology
49 views

Why Your Smartphone Can Make Emergency Calls Without A SIM Card

MT - January 20, 2018

If you're an active mobile phone user, you will notice that your phone can actually make emergency calls without any SIM. I know you must be wondering…

PHOTOS: Inside Jubilee Syringe Manufacturing Factory In Onna, Akwa Ibom
Best of Nigeria
42 views
Best of Nigeria
42 views

PHOTOS: Inside Jubilee Syringe Manufacturing Factory In Onna, Akwa Ibom

MT - January 20, 2018

Today the Honourable Commissioner for Information and Strategy Mr. Charles Udoh led print, online and broadcast media professionals to see some of the achievements recorded in the…

World: Cristiano Ronaldo’s Girlfriend Enjoys Playtime With The Twins And Newborn Baby
Sports
49 views
Sports
49 views

World: Cristiano Ronaldo’s Girlfriend Enjoys Playtime With The Twins And Newborn Baby

MT - January 20, 2018

Cristiano Ronaldo’s girlfriend Georgina Rodriguez has shared a sweet snap of herself with twins Maria and Mateo and newborn daughter Alana Martina. Despite having her hands full…

I Spoke To Arsene Wenger About Iwobi’s Punishment After Misconduct- Super Eagles Coach
Sports
61 views
Sports
61 views

I Spoke To Arsene Wenger About Iwobi’s Punishment After Misconduct- Super Eagles Coach

MT - January 20, 2018

Super Eagles coach, Gernot Rohr, has revealed that he reached out to Arsenal boss Arsene Wenger over Alex Iwobi’s disciplinary issues earlier this month. Iwobi attended a…

My Experience At Port Harcourt Maximum Prison – Kemi Olunloyo
Entertainment
64 views
Entertainment
64 views

My Experience At Port Harcourt Maximum Prison – Kemi Olunloyo

MT - January 20, 2018

No one ever prays to go to prison; however, for the popular blogger, Kemi Olunloyo, 2017 is a year that she would likely not forget in a…

13 Steps To Help You Bounce Back From Betrayal
How Tos
45 views
How Tos
45 views

13 Steps To Help You Bounce Back From Betrayal

PH - January 20, 2018

  We suffer quietly through disloyalty from a partner, friend, or family member, but this embeds harmful emotions deeply into our being. Our trust in others erodes…

Residents of Ipoyewa community Laments 15yrs Blackout
General
44 views
General
44 views

Residents of Ipoyewa community Laments 15yrs Blackout

PH - January 20, 2018

Residents of Ipoyewa Phase 3, Adamo, Ikorodu area  of Lagos State have cried out to Governor Akinwunmi Ambode to come and rescue them from total darkness. The…

Friends Of TY Bello’s Throws Her Suprise Brunch To Mark Her 40th Birthday (Video)
Buzz & Trends
55 views
Buzz & Trends
55 views

Friends Of TY Bello’s Throws Her Suprise Brunch To Mark Her 40th Birthday (Video)

PH - January 20, 2018

Nigerian singer, songwriter and photographer, Toyin Sokefun-Bello, better known as TY Bello turned 40 last Sunday, January 14, 2018, and she was surprised by family and friends to…

2yrs After Partial Stroke, Nollywood Actress Iyabo Oko Returns From India
Buzz & Trends
66 views
Buzz & Trends
66 views

2yrs After Partial Stroke, Nollywood Actress Iyabo Oko Returns From India

PH - January 20, 2018

Veteran Yoruba actress, Kudirat Odukanmi Eluyemi otherwise known as Iyabo Oko has finally returned to Nigeria 2 years after she was diagnosed with partial stroke and flown abroad by her eldest son…

Zainab Balogun Wants Her Future Husband To Know This
Entertainment
75 views
Entertainment
75 views

Zainab Balogun Wants Her Future Husband To Know This

PH - January 20, 2018

Zainab Balogun who relocated to Nigeria six years ago, says she doesn’t understand if something is wrong with Lagos men. Nollywood actress, Zainab Balogun who was born…

BBNaija Winner Efe And Olamide Shoot Music Video For Warri (Photos)
Entertainment
54 views
Entertainment
54 views

BBNaija Winner Efe And Olamide Shoot Music Video For Warri (Photos)

MT - January 20, 2018

Big Brother Naija 2017 winner, Michael Ejeba aka Efe and top rapper, Olamide aka Baddo, have shot the music video for the collaboration titled, `Warri,’ which was…

Loading...