Ecommerce is a topic we rarely talk about here on the Job Crusher blog.
But after the conversation I had with a fellow marketer at a mastermind event last week, I’m starting to think we’re missing a trick.
The fact is, the ecommerce industry is blowing up right now, with eMarketer predicting worldwide growth through 2018.
Here are five reasons to start your ecommerce business today.
1. Ecommerce is a trillion-dollar industry… and it’s growing daily.
When choosing a business model, it’s important to study trends to ensure the market you’re getting into is a growing and profitable one.
And the stats suggest that ecommerce ticks both boxes, making it an ideal choice for entrepreneurs looking to start a new business, or those that are looking to create an additional online income stream.
By the end of 2018, it is estimated that the ecommerce industry will be worth a staggering $2.5 trillion. If you want to get into ecommerce, there really has never been a better time.
2. It’s quick and easy to get up and running.
Because ecommerce is a proven business model, there are plenty of tools and resources on the web to help you get set up.
Even if you’re a complete beginner, you can have your ecommerce business online within just a few hours, thanks to Shopify.
Shopify powers over 300,000 online stores and handles everything from marketing and payments, to secure checkout and shipping.
Best of all, you don’t need any fancy design or tech skills. Just choose from over 100 professionally-designed themes and you’re good to go.
3. Over 80% of the US population shops online.
Let’s face it, who doesn’t shop online these days?
Not only is it easier and more convenient to shop online, but 50% of shoppers have purchased more than once.
And as mobile ecommerce takes center stage as the leading way to convert customers, this number will continue to grow by leaps and bounds.
The biggest challenge ecommerce business owners face is building trust and credibility with leads and customers.
From developing an attractive store that’s easy to navigate, to creating valuable content that helps your target audience, there are many effective ways to build a loyal following.
4. You can earn money while you sleep.
For brick-and-mortar businesses, location is obviously of paramount importance. After all, if you don’t have passing trade, you don’t have a business.
But with an ecommerce business, you’re not limited to a physical location. You can set up your storefront at your own domain name and sell your products globally, 24/7.
This makes ecommerce one of the only business models that can literally make you money in your sleep. But you still need a strong work ethic and desire to succeed.
5. You can sell your ecommerce business down the line.
Most entrepreneurs have other business ideas they’d love to explore. I know I do.
Once you’ve built a successful ecommerce business, selling it may provide you with the capital you need to fund a new venture.
On average, ecommerce businesses sell for 2.39 times their annual profit.
See, as the ecommerce industry itself continues to grow, so too does the demand for established ecommerce businesses.
In 2015, the gross value of ecommerce business sales totalled $82 million, a staggering 53% increase from 2014.
The Bottom Line
There are many great reasons to start an ecommerce business, especially today.
If you’re interested in being your own boss and like the idea of earning a “passive” income online, it’s definitely something worth considering.
I’ll be holding a live session this Wednesday where I’ll be extracting all the best tips from two ecommerce masterminds.
They’ll be revealing things like
- How to pick & source your products (both in China & from home)
- How to decide what niche should you be in
- How to ramp up quickly & get to profit faster than everyone else
Click below, register & join us live for this amazing behind the scenes information from two Ecommerce masterminds:
Register for the live training here.