Are you thinking about opening a business where you advertise your products online? If so, then you will be joining the millions of entrepreneurs who have sliced out a niche in the world of ecommerce. At its center, ecommerce submits to the buy and sale of goods and/or tunes via electronic channels, for example, the Internet. Ecommerce was initially introduced in the 1960s by an Electronic Data Interchange (EDI) on Value-Added Networks (VANs). On that very note, today we are going to have a brief discussion regarding ecommerce solution and how it is a great first business currently. However, let’s check out a few histories first.
Like any digital tools or consumer-based purchasing market, ecommerce has developed over the years. The medium raised with the increased accessibility of Internet access and the arrival of popular online sellers in the 1990s and untimely 2000s. Amazon started operating as a book-shipping trade in Jeff Bezos’ garage in 1995. eBay, which allows customers to sell to every other online, introduced online parts in 1995 & exploded with the 1997 Beanie Babies frenzy.
How is Ecommerce Solution the best First Business?
As mobile devices became extra popular, mobile ecommerce has turned into its own market. With the increase of sites like Facebook & Pinterest, social media has to turn into a significant driver of ecommerce. Since of 2014, Facebook drove 85 % of social media-originating sales on ecommerce. In short, if you are worried about the cost, there are plenty of best ecommerce solution for small business are available right now in Bangladesh. However, let’s not waste any time, but directly check out the reasons below.
1. Simply Identifiable Demand
We have all heard stories of founders who waste years building a product just to discover that no one wants it. In business, determining that a possible demand exists for your tune or product before investing the time to make it will radically boost your likelihood of achievement. It is probable to do this in all industries, but for physical products, it is extremely easy.
The desire to gauge the potential require for ink-jet printers? Head on over to the Google Keyword Tool & BINGO! You instantly know that roughly 22,000 people are searching for the phrase “inkjet printers” on Google every month. Now, I am not advising that selling inkjet printers would be a good thought. In fact, I cannot imagine of numerous worse things to sell online. But the capability to simply determine the virtual demand for an existing physical product is an enormous benefit over “hoping” somebody is going to desire a new product you make.
If your “business” engages trading your time for a paycheck, it is not a business – it’s a job! Our final goal when starting a business is to make something that can function without our stable involvement. We desire to put in a lot of time and energy upfront, and then have a steady income stream without the insist for continual thought and maintenance. This does not mean you get to dump your business –upkeep and reinvestment are vital — but we do desire something that can go for long stretches of time with no needing to be micromanaged. Ecommerce solution fits the bill entirely. Assuming you supply the time to make the proper site, systems and group, a drop-shipping website can procedure 100 daily orders approximately as simply as it can process 10. There will be a few prepared and customer service costs that rise, but they will rise radically slower than your increases in income and profitability.
Evaluate this with a freelance or consulting model, where you are merely trading hours for dollars. It is an enormous model for those with marketable skills looking for some additional income, and it can offer a lot of flexibility. But at root, it is a job — and one that you eventually cannot scale. Or you can search for the ecommerce solution provider company or search for the best ecommerce solution for small business in Bangladesh.
3. Leverage Other People’s Capital
In place of buying, stocking and shipping your personal products, you partner with a wholesale warehouse. They stock the entire inventory and pay for it up-front. When you obtain a new order you require to fill, you merely forward it to the drop ship wholesaler. They charge you just for the product you require to fulfill the order, and they ship it straight to the customer. No enormous up-front inventory charges. No having to stock, store or ship the product. It is like having your own warehouse and record without in fact having to pay for it up front.
There are a small number of trade-offs, of course. The margins will be a bit lighter than if you bought in bulk from the producer. And because there is a third party among you and your purchaser, there are a few additional logistical issues to work out. But overall, it is an amazing way to create a business, particularly in the early stages when you are trying to establish market viability. Keep in mind, you always have the alternative of purchasing and stocking your personal product once you grow.
4. You do not require Crazy Programming Skills
Have come up with an innovative idea for a new web app or piece of software? Great! Moreover, learn to program or colt up the cash to PAY a developer to make it. Your chances of convincing a programmer to generate it based on your “innovate idea” are almost non-existent. Thoughts are a dime a dozen. Implementation and the aptitude to actually MAKE something yourself include about 90% of business achievement. Fortunately, you do not have to be a programming mastermind from BUET or MIT to build a victorious ecommerce business or appear with a brilliant idea concerning ecommerce solution. With companies like Shopify, which create it extremely simple to get an ecommerce store off the ground, only about anyone can obtain a shop live.
Maximum successful online entrepreneurs contain a working acquaintance of web basics like HTML & CSS, and I think there is a lot of value in spending time to realize how these work so you are not at the mercy of somebody else for essential changes and updates. Though, tools exist that create it potential to get started without being a programming ninja. Once you are up and running, you can then spend some time in learning about the particulars of the web so you better realize your business infrastructure and how to get better it.
5. All The settlements of the Internet
I left this one for last, as it is a bit evident but absolutely bears mentioning. An ecommerce business is sort of drum roll, like an internet business, bearing all the magnificent payback of working online. Job from anywhere in the world. Achieve a global audience. Enjoy extremely low overhead and equipped expenses. And perhaps the best advantage: tap into the unbelievable power of recurring open traffic using SEO.
Well, SEO it is not actually free. A lot of work goes into civilizing your Google rankings. But I swear you that in terms of advertising ROI (go back on investment, or how much price you get back from your invested time/money) there is no better technique of building long-term, sustainable traffic than SEO. I obtain tens of thousands of dollars of open traffic every month (compared to paying for this traffic with ads), and it is a key component to my businesses’ productivity. So, you are likely to get tremendous amount of profit from your very first ecommerce solution business. However, there are companies out there, allowing you to outsource your ecommerce seo and help you to work towards culivating your Google ranking.
If you are earnestly searching for the best ecommerce solution provider company in Bangladesh to get along with your very first ecommerce business, let us help you. We are equipped with a qualified team of ecommerce experts who know enough about ins and outs of this business. And think about those above mentioned reasons before investing your money on any new business. But, it’s always better to choose online. Because you will find the future here.
Author: Isteak Ahmed
When it’s matter of putting letters and words in a row with the pure supremacy, then Isteak Ahmed has given it a bash with sublime intuition on copywriting, Technical Documentation, SEO, Tender Preparation, eBook and blog writing with years of heartfelt experience in Digital Media Marketing Arena. Isteak Ahmed is presently making his footstep as the Digital Content Manager at Arobil Ltd. Besides, he is stepping ahead to attain sheer expertise in Social Media Branding.