There are many benefits of starting online store and its not as expensive as you think it is. You just need to understand the reasons and benefits of online business. I hope this article will motivate you guys to start your own online store.
Top 5 Reasons to start your own Online Store:
1) Your online store is open 24 hours a day, 7 days a week
Your hours may not be suitable for people who work full-time and whose lives are full of multiple obligations. An online store allows the consumer to shop your products or services any time of the day, 365 days a year, allowing you to increase your sales.
2) Fewer COSTS, MORE PROFITS
Do you already have a shop with a storefront? So you know the high costs of running a store. Electricity, rent, wages and other fixed costs are sometimes difficult to bear, especially when sales are sluggish. With a transaction website, you do not have to pay for a room or hire sales staff. The consumer places his order himself and pays before shipping, which helps your cash flow. These operating cost savings significantly increase your profit margin.
The web knows no boundaries and allows you to sell your products anywhere in Canada, the United States and around the world at a fraction of the cost of an additional store.
3) Consumers are on the web more than ever
The latest study indicates that nearly half (46.5%) of adults aged 18 to 44 make online purchases each month, a proportion that is increasing year by year. In addition, many consumers are pre-shopping on the web. They look for products that meet their needs, compare them, and make sure to read the reviews. When they have made their choice, they come to the store or buy directly online. If you do not have an online store, you are missing a large influx of potential customers.
4) Your product catalog is constantly up to date
With an online store, you no longer need to print brochures or product catalogs that will soon be out of date when there are changes in the prices or features of your products. The online store becomes your catalog, constantly updated, available at all times and indexed by search engines. By the same token, you save thousands of dollars in printing costs.
5) Everything is easily measurable
E-commerce gives you concrete statistics that help you adjust and maximize your sales. Apps tell you in real time about the number of completed transactions, the average amount of shopping carts, the basket abandonment rate, the geographical origin of your customers, and much more! You know what product is selling where and when, and can adjust your inventory and promotions accordingly.