Modeling success is a great way to get ahead with eCommerce. Following in the footsteps of an established brand like Angelique Lingerie is a fantastic strategy. They’ve made a name for themselves offering plus size intimates, and is a brand to follow in 2016 and beyond.
Just a few months, a completely online-based business went public in the US stock exchange. The Chinese based company, Alibaba made billions of dollars on its IPO. This put them on the same level as social media giant Facebook, which is an online based business.
Gone are the days when eCommerce was a few unsecured websites, where credit card data was easily stolen. At the time, many people were suspicious about even logging in onto the internet. There have been great improvements and this market has demonstrated it has a lot of potential over the past few years.
Huge Increase in the Number of Internet Users
From its formative years where there were just a few million regular internet users, usage has risen astronomically. As of now, more than a billion people regularly use the internet. This presents a huge market potential for small businesses that are struggling to make sales. This figure is expected to rise over the year as the technology for internet connectivity becomes cheaper and more efficient. Out of the world’s nine billion inhabitants, more than 40% use the internet. The internet presents an opportunity that has never existed before in history.
Setting Up eCommerce is Easier
A few years ago, the legislation for eCommerce business was very sparse. As a result, most businesses were unwilling to invest in the infrastructure. This is because there was no protection for such an investment. Currently, there legal and software infrastructure for setting up and eCommerce business is very efficient. Many companies have invested a lot of resource into making this process much simpler. As a result, people seeking to set up an online shop are going to have a very simple time doing so.
Growing Trust among Consumers
The reason most people were unwilling to conduct business was how unsafe it was. In addition, the numbers of successful prosecutions were very low. This is because the prosecutors themselves did not fully understand what they were dealing with. However, this has since changed. Many companies have created software that makes the entire process much safer. As a result, most people who buy products online are not conned. This has led to increased in trust from consumers even for non-essential products.
Online Products Are Cheaper
Many online shops do not have to deal with the costs of maintaining a store. This includes physical repairs, burglaries, insurance from fires, and damage from natural occurrences. This makes it possible for online shops to sell their merchandise at a lower price. This trend is unlikely to change. Some online stores have managed to be so efficient that the price of a product may go down by as much as half. The only expenses incurred are the cost of internet and the hosting expenses, which are very low compared to running an actual store.
Generally, running an online shop is more efficient and cheaper. Current data indicates that this is the future of conducting business. Any entrepreneur thinking of setting up a business venture should definitely consider the advantages of an online shop.