You must have heard of mighty recession going on at the moment but we don't believe in recession.
Recession or no recession, there are a number of reasons why you should start an online business in 2010. I am going to list out 5 of them in this Knowledgement article and I'll let you decide if you think they are legitimate or not. Let me know by email or using the contact us page on this website.
1. It is Easy
Starting an Online Business is easier than starting a conventional business as you don't need to worry about the shop front or your business location etc. You don't even need to know any technical jargon or programming language as your eCommerce software will provide you all the functionality right out of box. If you know some graphic designing you can design your webshop yourself or get a professional to do it for you.
2. It is Cheap
Compared to the setup of a conventional business setting up an online business is much cheaper. All you need is a catchy domain name, a secure and big enough web hosting space and an eCommerce application. If you know some web designing and development yourself; then there are a number of Open Source Shopping Cart software which can help you in setting up an eCommerce website for a very small price. But, don't fall for a cheap solution as your main motto with a business is to have a well presented online shop which is easier to manage and can provide enough information about the customers and products so as to allow you to provide a high level of customer satisfaction. An eBusiness solution is available in the market with your domain registration, hosting and eCommerce application for as low as €3000.
3. ECommerce is succeeding (even in slow economy)
While regular brick & mortar stores are struggling to even stay in business, eCommerce business is growing. According to a recent survey in Ireland, it was suggested that Irish Businesses are getting almost €12m in online sales every day. In UK the online sales figures are up by almost 10% in a year. The spending on online advertisements by businesses worldwide is increasing at a rate of 63% every year.
4. eMarketing is Easy
eMarketing is easier as once again you don't have to go out to the physical marketing outlets and ask for brochures, pamphlets (although they are useful too). You can do email marketing, article marketing, Google Adwords, Banner marketing on many of the Local Irish and International websites. It's easier to calculate the effects of such marketing as well as most of the emarketing software provide you the click rate or the referral to customer information of the visitors to your website.
5. Flexible Management
You can manage your online business from your sitting room, your bedroom, your kitchen or your…………. Let's not go in detail but in a nutshell you can manage your online business from anywhere in the world. All you need is access to internet. With Voice over IP you may not even need your phone. You just need to take care of how to fulfil the orders and how to provide a high level of customer service to your online customers. You can also attend such a shop in flexible hours as a part time business of yourself.
Now that you know the 5 reasons of why you should start an online Business in 2010, what are you waiting for….. Go ahead start with a catchy domain name and if you need any help, Target Integration team is just a phone call away.