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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.

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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.

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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.

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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.

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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

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Abhay Jeet Mishra

Writer at Lifehack & Enterested.com

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Last Updated on September 20, 2018

How to Be Happy at Work and Find Fulfillment in Your Career

How to Be Happy at Work and Find Fulfillment in Your Career

If you’re going to spend 1/3 of our life at work, you should enjoy it, right?

Trust me, I know that’s easier said than done. Difficult coworkers, less-than-desirable tasks, or even just being in the wrong position can all lead to a lack of enjoyment and fulfillment in your work.

But what if I told you it doesn’t have to be this way? Or better yet, if you struggle with all of the above (and then some), what if I told you that enjoying your work and finding fulfillment regardless of those obstacles is possible?

Don’t believe me? I don’t blame you because I was there too. Before implementing the tips below, I struggled to get through each day, much less find real fulfillment, in the office. Now, even after the toughest days on the job, I still come away with feelings of pride, accomplishment, and fulfillment. The best news is, so can you.

If you’re ready to make those hours count and find happiness and fulfillment in the office, then read on to find out how to be happy at work and find fulfillment in your career:

1. Discover the root(s) of the problem

For this first step, we’ll need to think back to 8th-grade physics (humor me). We all know Newton’s 3rd law, “for every action, there is an equal and opposite reaction.” When you think about it, the same can be said outside of physics, and we see this law play out in our daily lives, day after day.

Simply put, all the issues we deal with in the office (and life in general) affect us in a noticeable way.

If you’re appreciated at work, like the work you do and receive frequent praise, promotions, or raises, then this will probably have an altogether positive effect on your life in the office.

But what if we reverse this? What if you feel under appreciated, get passed up for promotions, or get denied raises? This is sure to affect the way you feel at work on a negative level.

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So, before you can implement the steps of feeling happy and fulfilled at work, we first have to discover the reasons why you don’t feel that way already.

Think about it, write a list, or make a mental note. Run through all the reasons you’re dissatisfied in the office, and don’t hold back. Knowing the exact obstacles you’re facing will make overcoming them that much easier.

In fact, as a side-challenge to this article, I recommend picking the top three reasons contributing to your dissatisfaction at work and using the following tips to tackle them.

2. Practice gratitude for an instant uplift

Did you know the simple act of feeling grateful can increase your happiness and make you more fulfilled at work?[1]

Well, it’s true, and it’s scientifically proven.

Dr. Lisa Firestone notes that practicing gratitude “reminds us of what we lacked in the past.” Meaning, it serves as both a boost to happiness and a bit of a wake-up call that things have been or could be, much worse.

Trying to conjure up feelings of gratitude can seem almost impossible when your work situation seems bleak, but hear me out: There are incredibly easy ways to get started and it doesn’t involve trying to “force” yourself to feel grateful about things that stress you out.

For an instant pick-me-up, try this:

Find a loose piece of paper, a blank sticky note, or anything you can write on, be it physical or digital. List just three things that you are absolutely without-a-doubt thankful for in your life.

Now here’s the trick: Don’t just list what you’re grateful for, you have to list why you’re grateful for them, too.

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For example, simply saying “I’m grateful for my kids” will probably make you feel good, sure, but what if we could amplify the warm, fuzzy feeling into real, lasting motivation?

Instead, write the reason you’re so thankful for your children. Is it because they make you laugh and forget about other stressors? Or maybe they help to remind you of why you go to work every day in the first place?

Whatever your reasons may be, jot them down and keep your list somewhere you can see it while you work. A quick glance at your gratitude list throughout the day can provide powerful, positive motivation to keep going.

Bonus:

If you can find just three things to be thankful for that specifically relate to your job, and list why those things make you grateful, your list can also help you find fulfillment in your work itself which can give you an even bigger boost of positivity throughout the day.

3. Take meaningful time for yourself

We all know creating a strong work-life balance can be crucial to feeling satisfied in our jobs, but rarely do we ever address how we’re spending our time outside of work.

Many of us survive a 9-hour work day and commute home only to find ourselves busy with our personal to-do lists, running a household, and taking care of a child (or 2 or 3, and so on).

If you spend all your time working, whether in the office or within your household, you’re going to feel drained at some point. This is why setting meaningful time for yourself every day is highly important.

Look, I get it: I don’t know anyone in the working world who can shun all responsibility for a 3-movie marathon or happy hour with friends whenever they feel like it. But finding time for yourself, be it just 30 minutes to an hour, can really make a difference in how you feel at work.

This works because you’ll have time to actually relax and let the day’s stress melt away while you enjoy something just for you. The to-do lists and stressors will still be there after you’re refreshed and ready to tackle them.

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No time for me-time? Try this:

If you have a busy household, you’ll need to capitalize on a block of time you know will be completely uninterrupted. The easiest way to do this: try waking up 30 minutes to an hour earlier than usual (or push bedtime back an hour if you’re a night owl, like me) and take time to do something you enjoy.

This could be reading with a cup of tea, catching up on Facebook, spending time on a passion project—anything! As long as it’s meaningful to you, it works!

Bonus:

Starting your day with meaningful time for yourself can set you up to have a positive mood that lasts well into office hours, and having your me-time in the evening can give you something positive to look forward to during the day.

4. Get productive and feel accomplished

Don’t you just love the feeling of checking the last item off of a hefty to-do list? That’s because self-motivation can be a huge driver of positivity and success.

When we accomplish something, no matter how small, it makes us feel good, plain and simple. Applying this tactic to your daily work can be the motivator you need to find fulfillment during the daily office grind.

While there are tons of steps to get more done at work, I’ll share my personal favorite: Prioritizing.

Now, many people handle prioritizing differently. Some like to tackle the little tasks first so they can spend focused time on the big to-dos. Others like to knock out the big items first and get to the smaller ones when they can.

No matter which camp you’re in, you may be missing one crucial step: Time management.

So how’s this work? When you factor in the amount of time your priorities will take, it can transform your productivity ten-fold.

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Say you have three top priorities for the day. You might jump into the smaller ones or the bigger ones depending on your preferred method, and then find yourself out of time and bringing work home with you at the end of the day.

This is prevented when you factor in time. Knowing how long each item will take, or deliberately setting specific blocks of time for your priorities can help you accomplish more in the same 8-9 (or 12) hours that you typically spend at work.

Try this:

Take a look at your priorities and consider how long they should take. Pop into your Google calendar (or Filofax, whatever works for you) and schedule time to work on your priority items around any important meetings or events of the day.

The most important thing to remember is to stick to your dedicated time.

Often, when we know exactly how long we have to work on something (and honor this time limit), we’re motivated to get more done on time to avoid taking work home at the end of the day.

The bottom line

There’s no need to waste 1/3 of our lives feeling unsatisfied at work. Luckily, you now have the tools to get started, take back your time, and become happy and fulfilled at work again.

The only question is — which tip will you try first?

Featured photo credit: Ellyot via unsplash.com

Reference

[1]Psychology Today: The Healing Power of Gratitude

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