Setting up an online store or an offline store to sell online can be an intimidating process to start if you’ve never done it before. What kind of software do you need? How will you get traffic? And what about customer service? These are all valid concerns, but don’t worry – we’ve got you covered. In this article, we’ll cover the benefits of starting an online store and then give you eight reasons why it’s such a great idea to set one up right now! Let’s get started!
1) Own Your Hours
When you work for someone else, you’re bound by their schedule. But if you have your own online store, you can decide when and how long to work. No one can order you around and tell you when it’s time to clock out. You call all of your own shots—and that can be a great feeling.
2) Online Stores Have No Sales Quotas
By being your own boss, you can do whatever you want when you want to do it. No answering to a boss—do what you want! You’re free of sales quotas, so there’s no pressure for short-term growth if it doesn’t align with your long-term strategy. And because e-commerce is a diverse industry and there are hundreds of different niches, you have access to multiple revenue streams from day one.
3) Free From the Boss
Many people would love to start their own business but are afraid of losing their job. However, if you work for a company, creating your online store from home means that you’re in charge of your destiny: You get to choose when you work and how much income you make.
4) Cancel That Commute
Having a job that requires a commute isn’t for everyone. If you don’t enjoy driving or catching a bus or train, and would rather spend your time doing something else, then stay at home and be more productive. Additionally, online businesses tend to be more portable than physical locations—if you ever want to take your business on vacation or downsize and work from home, e-commerce is a fantastic option.
5) Sell What You Believe In
There are no restrictions when it comes to products you can sell. In addition, online stores let you set your prices, unlike brick-and-mortar establishments. So maybe you’re a good salesperson and not passionate about your product. Starting an online store allows you to only sell products you believe in.
6) Earn a Full-Time Income Part-Time
You don’t have to give up your day job when you start a business. Many successful entrepreneurs run their businesses as side gigs on nights and weekends while working full-time. This side income will eventually turn into a full-time revenue stream once your online store is up and running—not to mention it can help reduce stress in your life as well! Just be sure that starting a business doesn’t interfere with other responsibilities.
7) Work With People All Over the World
No matter where you are, chances are people around you who can help your business grow. By working with virtual assistants and outsourcers from all over the world, you can gain insight into new markets or get help finding local partners. You’ll also have access to a much larger labor pool than you might otherwise have, which means that even small-scale tasks can be completed quickly and efficiently when working with remote workers.
8) Online Stores Keep Costs Low
Operating a physical retail store can be incredibly expensive, from rent to labor costs and more. That’s why so many retailers choose e-commerce as their preferred sales channel: there are fewer start-up costs. This can make it much easier for e-commerce entrepreneurs with limited capital to get their business off the ground. One of my favorite benefits is that you can use any platform you want!
