21/07/2019
5 Reasons why you should start E-commerce in 2019
What is e-commerce?
i will first explain what is commerce, according to the definition gave by google, commerce is the activity of buying and selling, this therefore means e commerce is doing this same thing on the internet. Its as simple as that.
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Facts about e-commerce
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1 Its easy to get up and running:
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Getting into e-commerce is very easy and cost effective, unlike most business where you have to sacrifice an arm or a leg just to get started, you can start e commerce with any amount you have.
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2 You are not restricted to location:
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if you have operated a normal traditional retail store you will agree that most times the numbers of people that is likely to patronise your shop is limited to the number of people in that particular area where your shop is located, Now the good thing is that e commerce is not limited by location, you can start off from any location and sell to anyone from any location and at the same time make huge profit for your e commerce business.
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3 There is a huge market cap:
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In 2011, the market cap of e commerce is always increasing, by 2015, e commerce worth about $1.6trillion, and by the end of 2018 alone this figure rose to about $2.5 trillion. So you can see that there is enough opportunity in this e commerce space, that is why businesses like jumia and konga are still in business.
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4 A Huge amount of people make online purchase:
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• Surprisingly over 70% of the internet population have made online purchase at some point, and also from statistics, over 35% of Nigerian population are active on the internet, so you can see that there is large number of people ready to purchase your product.
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5 You can always maximise profits:
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Yes you don’t always have to be awake in order for people to purchase your product, you can even be at sleep and your business is on auto piliot , this creates more time for you to spend more time doing other stuffs that matters to you..
The world is becoming a global village, and as time goes on technology brings us closer and closer, take an advantage today and get started in e commerce.
One way to start is by learning from those who are actually benefitting from it big time.
You can get more information here: http://www.bigsmartbiz.com/
Tolu.
Some months back I made a remarkable discovery about building a profitable business many Nigerians have not discovered yet.
