When you own a business, it is easy for you to build a huge customer base.
How do you build this platform?
Issa Asad Florida entrepreneur and businessman since 1996 says you “must engage with customers effectively and efficiently, generate the brand identity, and offer the business a window to customize its operation to meet the needs of clients.”
Here, Issa Asad Explains Why You Should Open an Online Business by 2021:
Customers Demand an Online Presence
In the current day, the need to be online is compelling since the use of social networks has become a lifestyle to about 3 billion people. Therefore, coming up with your own site indicates that you are ready to take charge of the market by providing your customers with a better platform showcasing your brand’s equity.
In other words, with your brand’s equity at hand as well as online availability to take your business to the next level, you do not have to refer your clients to other sites, but your own.
Customers Demand Customized Options
The market has been changing since the introduction of digital marketing. As a result, you have to customize your business functions to make you stand out on the market. This means that as a digital entrepreneur, you have to enhance uniqueness rather than operating like everyone.
When you are trading products like clothes, it is obvious that they are of different sizes, colors, as well as logos, thus a simple shopping cart can do the trick. However, in a situation where you are trading customized motorcycle components, you will require a more sophisticated shopping cart, which can accommodate the different widgets and components that go into a motorcycle.
You Want to Specialize in Luxury Products
Many businesses dealing in luxury products do not list their products on other online platforms, such as Amazon, Etsy and eBay, where they do not offer discounts. In general, most of the firms selling luxury products never showcase or list them on Amazon or eBay due to the necessity to keep up the sense of uniqueness and exclusivity.
By exercising exclusivity, you can regulate where the customers can find your products. It is worth noting that this strategy is only suitable for low volume and high margin enterprises, especially in the following lines: jewelry, accessory and fashion companies where customer experience matters.
In luxury businesses, the aforementioned strategy helps create a sense of emotion within the client’s mind that Amazon and the rest failed to achieve.
Your Business Sales Are Trending Lower
Every business owner want to see sales volume increasing but not the other way round. The good news is that having an online site can help you earn income up to seven-figure mark as DeGraw did on Amazon. The best way to get started is to create a site of your own when you notice that the sales on eBay or Amazon are slowing.