The growth of global e-commerce is crazy-rapid. In 2017, it reached around $2.3 trillion and is expected to hit $4.5 trillion in 2021 (according to Statista). It’s perfect timing to start your online business.
Ready to start your own online business? The good news is that you don’t necessarily need to go the brick-and-mortar route unless you want to combine brick-and-mortar and e-commerce to expand your business. I am here to tell you that starting an online business has never been easier thanks to our friend – The Internet.
Before deciding to step down from your corporate duties ask yourself why do you want to pursue self-employment? Is it because you want to work less? Or do you love to take on a new challenge and don’t plan to stop at the first sign of failure?
I am hoping, for your personal and business sake, it’s because a new challenge is exciting and you believe you can make a difference.
Entrepreneurship – so they call it bittersweet. You set your own schedule and the only person you answer to is YOU, although that might seems like a walk in the park you are ultimately responsible for everything from customer complaints, day-to-day challenges, and business failures. It is more than 9-5, it’s a day and night grind from maintaining your business image to continue adding value to satisfy your customers.
5 REASONS TO START YOUR ONLINE BUSINESS
You are your own boss, work when and where you want. Wear what you want. Rest when you want. Take an unlimited vacation when you want. Although you do get flexibility and the freedom to run your business, self-employment requires smart planning and commitment. Are you ready to tackle a new challenge? Many successful business owners plan ahead, so use your time to your advantage and you will become successful with your online business. The amount of the work you put in will solely reflect on the success of your business. Work smarter not harder.
2. 24/7 Income Flow
No need to wait for what might seem like an eternity for your next paycheck. Do you want to make money when you sleep? E-commerce is here to stay. It is continuously growing and each year attracts new entrepreneurs like yourself to supplement their income. Everything can be self-taught, you don’t need a college education to master the online business. The Internet has your back, its filled with valuable articles, tutorials, and HOW TO blogs to get you started.
Here are some of the top e-commerce blogs to check out in your spare time:
3. No Inventory
No overhead cost, don’t let that discourage you from starting your own business. With an online business, NO WEARHOUSE IS NEEDED. Instead, partner up with a fulfillment company that will handle your inventory and shipping for you. Take the money you have, and invest it back into yourself (audio books, podcast, seminars, and experiences) to help you become more aware of e-commerce trends to quickly scale your business. Continue to learn even if you think you know everything because I promise you no one does to e-commerce word is filled with ever-changing trends.
4. Enjoy what you do so you don’t have to work a day in a life
Your job shouldn’t be just a source of security although to some degree it is. Your career should make you feel fulfilled and proud. The job that you love gives you the drive to accomplish the impossible. You will do your best work when your business excites you. What do you go back to each time you find yourself with a little bit of free time? Have you thought about making an income from your hobbies? Now it’s your chance, better than ever join millions of online sellers that turned their passions into successful online businesses.
5. Develop Self – Discipline
The absence of a 9-5 routine can become destructive unless you take yourself and your business seriously. It all comes down to planning. Write everything down. Some things may seem like a chore at first but once you do those things over and over they become part of you and it becomes natural. As a self-employed businessman/women, you have to practice consistency. The willpower of consistency will get you where you want to go in life.