Advertising
Advertising

7 Influential Reasons To Start An E-Commerce Business In 2016

7 Influential Reasons To Start An E-Commerce Business In 2016

First off, let’s talk about what e-commerce is. It is the purchasing and selling of services and/or goods through electronic channels like the Internet. There are four categories of e-commerce: B2B (Business to Business), C2B (Consumer to Business), B2C (Business to Consumer), and C2C (Consumer to Consumer). E-commerce has evolved over the years like any other consumer-based purchasing market or digital technology. It is increasing rapidly as users are taking advantage of:

  • Lesser prices offered by different operating vendors with lesser margins than stores.
  • The convenience of getting products delivered to your doorstep rather than the added cost of transportation, time, and the effort of parking to go to a store.
  • Receiving products at much cheaper rate from overseas vendors.
  • Great inventories and variety offered by online stores.
  • Various comparison engines that recommend and compare products for consumers.

Here are some reasons you should consider starting your own e-commerce business in 2016.

Advertising

1. Passion For Business

Having your own business allows you more opportunities to do what you want in comparison to working for someone else. The best e-commerce entrepreneurs are passionate about their ideas. As an entrepreneur, you have the liberty to work when you want while wearing what you want — unless you are surrounded by other people. For example, if you love painting, opening an online store that sells an extremely large variety of different-colored paints can provide you with a much better opportunity to work in the industry you love. Passion always leads to a better future than doing any halfhearted thing. iScript Mulitcart is an e-commerce software that helps you create your very own e-commerce marketplace along with multiple vendor support and easy management of all the products you sell.

2. Make Extra Money

Starting a new business does not mean guaranteed success. Running a business can be a source of income that can be proportionate to investment. Some people start businesses after seeing that their own ideas are resulting in profits for others. When you start a business, you will reap rewards with patience and hard work. Using an e-commerce software to create your own business online can mean little-to-no initial monetary investment on your part.

Advertising

3. Independence

As we all know, the self-employed always have more control over their vocational destiny and more independence than people that work for others. One might argue that employees can switch out of work mode at the end of the day while entrepreneurs are always in work mode. Conversely, a person with a small business will have a lot more control and flexibility when it comes to how and when work has to be done. The online business owner will also have more management and creative freedom.

4. Tax Benefits

By owning an e-commerce business, you can take advantage of a tax benefit. Because an ecommerce business can be started from home, this means that a portion of your emi payments, computers, even furniture and utility bills can be deducted from your tax liability. This can be one of the reasons to open a business online, but it should not be the sole reason.

Advertising

5. Customer Support

The customer is the most important aspect to any business. It might be the case that customers have problems or queries regarding your products, like shipping or features of a particular product. To manage such issues, you must have good team for customer support who can handle real-time customer issues. The service must be available 24/7 since e-commerce customers can use your site at any time of day.

6. Affordable Marketing

Forget about using costly billboards, local ads, or fliers for promotion. Of course, you can use any of these options, but nowadays content marketing, social media marketing, and intelligent interfaces like Facebook, AdWords, and Twitter ads help you reach a wider, targeted audience faster and at a much lower cost.

Advertising

7. Mobile Commerce

Online shopping is changing rapidly, and you need to adapt to the change in order to stay in this competitive business. Mobile commerce or M-commerce is a growing trend today as it is easy to buy products online through mobile apps. This is a boon and a curse at the same time. Because most people browse the internet on their smartphones these days, you need to have a mobile version of your e-commerce website to increase the traffic to your website.

It is very important that you keep an eye on the activities related to your business and upgrade it with time. You must serve your customers something new on regular basis so that customers will continue to come back to your site.

Featured photo credit: Fabian Irsara via images.unsplash.com

More by this author

Abhay Jeet Mishra

Writer at Lifehack & Enterested.com

Best 5 Free Partition Management Software for Windows 10 How to Constantly Make Right Decisions When Life Is Full of Uncertainties 11 College Degrees That Can Make You Feel Easier in the Job Market How Anyone Can Be a Star Candidate and Impress an Employer in 9 Seconds I Love You: To Say, or Not to Say

Trending in Entrepreneur

18 Life-Changing Skills You Can Learn in Less Than 6 Months 210 Websites To Learn Something New In 30 Minutes A Day 3How To Make Money With CPA: Content Locking 4Revealed: Successful Young Entrepreneurs’ Secrets to Making Their Dreams Come True 512 Little Known Facts About Famous Entrepreneurs

Read Next

Advertising
Advertising

How to Achieve Goals and Increase Your Chance of Success

How to Achieve Goals and Increase Your Chance of Success

Does it ever feel like the things you want to accomplish always end up on the back burner? If the answer to that question is “yes,” you’re not alone. Only about 33% of people consistently work toward their goals. In some cases, their goals may seem too lofty to accomplish, or else they aren’t sure how to make a plan for them.

If you don’t come up with concrete steps to take toward your goals, they’ll remain dreams. There’s nothing wrong with being a dreamer, but being able to turn your dreams into goals you can realize will help you lead a happier and more fulfilling life.

Luckily, you can realize almost any dream when you harness the right goal-setting methods.

In this article, I’ll show you how to achieve goals and get closer you success.

1. Break your dreams down into specific and measurable steps

We couldn’t talk about goal-setting without mentioning SMART goals.

SMART goals are specific, measurable, assignable, realistic, and time-related.

Specific and measurable steps are so important because if we don’t know what our target it, how can we ever hit it?

Take all those beautiful dreams you have for yourself and make them into things you can actually do. If you want to be an entrepreneur, for example, a step toward realizing your dream might be researching what you’ll need to start your business.

Find out more tips about utilizing SMART goals here:

How to Use SMART Goal to Become Highly Successful in Life

Advertising

2. Have at least one clearly defined goal for every interest and role in your life

It’s so easy to become complacent or stagnate. We often think that our careers are the only places where we need to set goals, but we aren’t only what we do.

To make the most of your life, take the approach that you’re always learning and growing in everything you do. Anything worth doing is worth doing well after all.

Set goals whether you’re sponsoring an activity for your child, taking up guitar lessons or trying to prove your worth at work.

You’ll notice that this approach forces you to constantly develop new skills. It can also be fulfilling to put more focus and value into all areas of your life— not just the ones related to our careers.

3. Align your goals with your life’s mission, purpose and passion

Take the opportunity to do some soul-searching. What is it that you want to do with this precious life of yours?

Anything that conflicts with your life’s purpose is bound to cause discontent. Staying in a bad relationship, doing a job that goes against your values, or maintaining the status quo just because it’s comfortable are not options for you.

Thinking about your goals in this way can help you eliminate things in your life that don’t serve you. This frees up mental space that you can use to do the things you care about the most.

Many of us struggle to find the time to work on our goals, but this strategy enables you to make more time.

4. Create goals that ignite your spirit and inspire you to take action

If you can’t be fired up about your goals from the start, they might not be good goals for you.

The road to success is often tough. You’re going to have times when you might feel tired or discouraged.

Advertising

You need to feel inspired enough that you’ll be able to overcome obstacles as you encounter them.

If what you’re doing motivates you to be the greatest version of yourself, you’ll be much more resilient.

5. Write down all your goals in specific, measurable detail

This is your road map for what success will look like. The more you define what you want the finished product to be, the greater the chance that you’ll reach that vision.

When you write down your goals, you’re creating a document that you can revisit to make sure you’re on track.

When you’re in the middle of trying to achieve a big goal, it can be hard to see what’s working for you. The things you write in this step will help you stay on-message as you take your goals out of your mind and into the real world.

Don’t just write down your goals and stash them away in a folder somewhere. Take the extra step to put them somewhere where you’ll see them.[1]

If you have too many goals to post on your desk, write a summary or choose one or two steps to work on for the day. Just seeing them will keep them in the front of your mind.

6. Commit to hitting each of your targets without exception

You wouldn’t have created the target if you didn’t think it was necessary. Hold yourself accountable for taking the steps to succeed.

You can always adapt your strategy or break your targets into smaller steps if you find that they aren’t attainable as you originally wrote them.

Hitting even the smallest target is cause for a celebration. It’s a step in the positive direction. Your success will make you crave more success.

Advertising

We often make excuses when we get tired or overwhelmed. Take away the option to make excuses. You will only be satisfied with the best effort from yourself.

7. Share your goals with others to motivate each other

There’s something so powerful about people sharing their goals and dreams with one another. Doing so gives voice to some part of us that could remain hidden (and therefore never be accomplished).

When other people know about your goals, they can cheer you on and hold you accountable. When people share their vision with you, you can do the same for them.

This strategy is particularly beneficial when you’re trying to develop healthy habits. Post about your workout on social media, or do a healthy eating challenge with your best friend. You’ll be less likely to slack when temptation arises, and you’ll probably encourage someone else to reach for their goals too.

8. Set a series of daily, weekly and long-term goals, complete with starting times and deadlines

Many goals never reach realization simply because the goal-setter doesn’t check their progress. People tend to forget what they set out to do, or their goal gets crowded out by other obligations.

Forcing yourself to revisit your goals at regular intervals breaks them into smaller steps and it reminds you to think about them.

Giving yourself regular deadlines for smaller tasks related to your goals also helps you reflect on your strategy. You’ll figure out what works for you, whether your timeline is realistic, and whether or not you need additional help to stay on track.

In addition, celebrating small wins helps you stay motivated. Here’s how:

How To Celebrate Small Wins To Achieve Big Goals

9. Take 10 minutes every day to imagine how great it will feel to achieve your goals

Visualization is such a powerful tool. Some of the most successful athletes, celebrities and business people take time each day to think about how success looks and feels for them.[2] Imagining that feeling of satisfaction can be a great motivator.

Advertising

When you do meet your goals, take some time to be grateful. Thank yourself for showing up and doing the work. Be grateful when the stars align properly to help you advance to the next step.

It’s not just getting to the destination of your goals that matters. How you take the journey is important too.

10. Take an action step toward reaching your goals every day

Your goals can easily get buried in the hustle and the bustle. Even the smallest step in the right direction is still moving you forward.

Keep chipping away at the work every day and before long, you’ll start to see those dreams come to life.

Maybe you didn’t start your business today but you designed the logo that’s going to go on your website and business cards. Doing that task well is going to help you so much in the long run.

Concrete actions day by day draw your dreams out of obscurity and into the realm of possibility.

Change begins today

Dreams can inspire and overwhelm us. By turning our dreams into goals that we can work toward, we increase our chances of success. Things that once seemed impossible are suddenly within reach.

It’s time to start turning your dreams into goals and your goals into realities.

Featured photo credit: Pexels via pexels.com

Reference

Read Next