Issa Asad Explains Why You Should Start an Ecommerce Business in 2017
Over the years since the inception of the internet, e-commerce has been developing at a double-digit rate. This year is no exception and comes with a lot of opportunities for both seasoned business people and first-time business people.
“The opportunities are vast and the tools to get up and running in the trade are easily accessible, all one needs is the zeal and willingness to start off,” said Issa Asad Florida entrepreneur and businessman. Mr. Asad is the CEO of Q Link Wireless and Quadrant Holdings.
Below Issa Asad Explains Why You Should Start an Ecommerce Business in 2017:
1. It is very easy to get started
Starting an ecommerce business is very easy. Over the years, various developers and companies have dedicated themselves to bettering ecommerce tools. This has not only seen to it that such effectiveness of such tools improve over the years, but it has also increased their number therefore giving potential investors a lot of choice to choose from. These tools include ecommerce platforms, marketing automation and SEO tools. The heavy lifting is left to product sourcing which entails building relationships with various distributors of your desired product for you to get started.
2. Ability to earn passively
Unlike traditional brick-and-mortar businesses, an ecommerce business is not tied down to specific locations or hours of operation. While brick-and-mortar businesses had to operate a certain number of hours and close down at the end of the day, ecommerce businesses on the other hand can run 24/7. This gives the business owner the ability to make sales even in their sleep. Furthermore, ecommerce businesses do not need multiple store fronts to get global appeal. The fact that their business is on the internet means that their customer base is spread out to cover the whole world.
3. Global ecommerce growth is expected to be between 13 and 25 percent
If current business trends are anything to go by, then an ecommerce business is the business to be in this year. eMarketer projections show that the ecommerce sector will grow by as much as 25% this year and the next. This year, ecommerce sales are expected to peak at $1.6 trillion and almost double to 2.5 trillion in 2018. These statistics makes this year the best year to get into ecommerce.
4. A majority of internet users are open to the use of ecommerce
It is estimated that about 80% of the current internet users have already made a purchase online. This is a very big percentage, one that will keep on growing over the years. The fact that the web population is still growing means that there is still room for more ecommerce entrepreneurs to get into the business this year. All one needs to do is model their ecommerce venture in a way that will establish trust and credibility with their potential customers so that they can establish a loyal following.
5. More sales are expected to be made in the future
Ecommerce like other business models, still has the potential to sell more items to their already existing customers. Ecommerce businesses can employ different tactics to increase their web visits to conversions and make sales. Such tactics include the use of targeted content marketing campaigns using avenues such as email marketing to tap already existing customers. Tools and applications such as carthook can be used to capture customers before they abandon their shopping carts before completing a transaction.