You might be an aspiring entrepreneur, a bootstrap organisation or maybe you’re an investor with some extra cash lying around to start an enterprise, one domain that can accommodate any kind of ambition in today’s market is the e-commerce industry. With over 460 million internet users, India is the second largest online market, ranked only behind China. By 2021, there will be about 635.8 million internet users in India. So the potential for an e-commerce store can be easily recognized. Even as a beginner in e-commerce, the tools and resources are all laid out for you. All you need is a strong work ethic and a desire to succeed.
Listed here are a few great reasons to start an e-commerce store right now!
1. Potential For Growth is Unimaginable
India’s e-commerce business is set to grow from US$30 billion in 2016 to US$100 billion in 2020 according to a recent estimate. Projections from eMarketer 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 2021, over 2.14 billion people worldwide are expected to buy goods and services online, up from 1.66 billion global digital buyers in 2016 based on data provided by statista.com. So basically you can choose any domain or field and still be certain that there will be enormous market available and with immense growth.
2. You Will Be Your Own Boss
This is perhaps the most attractive perk of starting your own e-commerce store. You no longer have to answer to your pesky boss. No more explaining why you were 5 minutes late. No more late night reports and early morning presentations and even if you have to do any of this the one seeking rewards for it will be you not your bosses or managers. E-commerce entrepreneurs are looking to capitalise their work-ethic. Growing their own business and help customers with their goods and services. It’s a far more personal proposition than being an employee, and it’s attractive to many people that share that mentality. Being your own boss puts your future in your own hands. You live and die (as a business) by the ideas and decisions you make.Just imagine this scenario where you lay on your couch with your computer, still in your night clothes. You are not worried about reaching your office because it sits right there on the couch with you. Everything you need to accomplish is being done via a few simple clicks.
3. The Ability to Earn Even When You Sleep
They say that money never sleeps, and it’s true at any given moment new markets are waking up and consumers are coming online to make purchases for friends, family and for themselves. We live in an age that has online transactions as commonplace as watching your favourite show on TV. For brick-and-mortar businesses, location is of primary importance. It can make a huge difference in terms of visibility and sales. In e-commerce, you can set up a storefront at your own domain name and sell your products globally. In contrast, e-commerce does not share the same disadvantages. Orders can be received and processed at any time, all day, every day. You or your e-commerce team pick the orders up when you start work in your time zone and deal with the packaging and shipping as normal. Also, you don’t need multiple storefronts to be seen across the entire world.
4. It’s Easy To Get It Up and Running
Not only have the tools for e-commerce gotten a lot better over time, there are more of them than there ever were in the past. From selling platforms to marketing automation and SEO tools, even bootstrappers can get it operational without breaking the bank. The most challenging aspect of getting set up is the product, but if you are passionate about a specific product or a line of products – especially if they have helped you personally – it makes it much easier to walk through the process of building relationships with distributors or product sourcing. Additionally, it’s that passion that’s going to drive you to do the work you need to do to build a successful business. E-commerce store creators like Buildabazaar have extended its e-commerce platform for travel agents to build travel booking sites for flights, hotels, buses and car rentals. So you can choose any domain and you still have the ability to create an e-commerce platform.
5. E-Commerce Allows You To Easily Sell to Global Markets
Export is important to all businesses that sell products. Why limit yourself to a local market when there is a much larger global market? Jumping into marketplaces can be daunting at first, it need not be. Many of the most popular marketplaces especially the successful have international versions of their website that tailor to those countries. Based in India? Want to see if there is interest in your product in France, you can simply start your computer and have a look. A few years ago we didn’t have this range of options, but now there are myriad ways to help you sell overseas.
There are many great reasons to start an e-commerce business. If you’re interested in being your own boss and selling products you are passionate about, it’s undeniably your best option. You can choose BuildaBazaar to achieve this goal. Buildabazaar.com is an e-commerce Saas platform built by Infibeam with operations in India and the Middle East. The technology infrastructure of infibeam.com was extended as an e-commerce platform and launched as BuildaBazaar in 2011. It is a self-service platform where users can create an e-commerce store, upload their product catalogue, customize their site and sell their products. BuildaBazaar has built online stores for distinguished companies such as Hidesign, Prestige, Crossword, Amul, Fortune and much more using its e-commerce platform, all of whom have witnessed unprecedented successes.