By If you’ve never done it before, starting an internet store could seem like an overwhelming endeavour. But given the number of people using the internet and current technology, not selling online can be more detrimental to your company than you realise. 80 percent of shoppers use a mobile phone within a store to look up product reviews, compare pricing, or research alternative store locations, even if you manage to draw customers into your physical site. You could be losing the vast majority of those customers without even realising it. Check out these 10 reasons why you should sell online if you need further persuasion.
You can increase your income
By 2023, global B2B ecommerce sales will have increased by about 17% and will total $1.8 trillion USD. Major companies’ expansion into new international markets and the quickly growing number of online and mobile users in emerging economies are the main drivers of growth. The moment is now to launch your company and incorporate e-commerce as a sales channel.
You Widen Your Market Focus
Your target market is only individuals in the neighbourhood if you have a physical store. You can find target audiences that you didn’t know required your goods after you take your company online.
Expand Your Business Worldwide
It takes a lot of effort, resources, labour, and study to become a global retailer. However, if you run a web store, anyone can visit it from anywhere. Customers can now conduct a Google search from any location in the world to find the good or service your company provides.
Your Company Is Open 365 Days a Year
Even better than having consumers from all over the world, your online store is constantly open, enabling customers to make purchases regardless of their location or time zone. Even better, everything the customer needs is on their screen, so you don’t need to hire an employee to work during these slower, off-business hours.
The Next Retail Driver Will Be Mobile Devices
According to Forbes, mobile commerce will account for 50% of all e-commerce purchases in the near future. To provide your customers the best experience, make sure your web store is responsive. Here is more information on responsive web design.
Less expensive startup
After you pay for rent, utilities, inventory, staff, and marketing, opening a brick and mortar store may become very expensive. Opening a web store eliminates the majority of the elements, giving you more money for web store design and product purchases.
Consumers Make More Purchases
The best way to spend the time these days as people are continuously on their phones is to go shopping at your favourite store. The days of shoppers having to get in their car and go to a mall to shop are long gone. They may get the same fantastic bargains and goods with their iPhones.
Everything Can Be Measured
Having the ability to track everything is one of the main benefits of internet sales. You may find out where a consumer came from, how they used your website, what they bought, what they put in their cart, and other information. This data gives your company important information, such as if one advertising campaign performed better than another.
Better customer service is needed.
In the past, if a client had a concern or a negative experience with your goods, they would either keep it to themselves or complain to their friends as going back to the store can be inconvenient. Customers can quickly contact or chat with a customer service representative to obtain help with their issue when shopping at an online retailer. By providing the answers they requested, this not only helps the customer but also fosters brand loyalty.
Online sales are now simpler than ever.
It used to take a year or more to properly launch a website in the early days of the Internet. With today’s simple-to-use ecommerce platforms, you may launch your website for little money and in a month or two. Vendors are also changing their minds about doing business with online-only retailers, making it simpler for people to find goods to sell.
By a wide margin, the advantages of having a website store exceed the drawbacks. K-ecommerce-powered websites offer speedy setup, responsive web design for an excellent user experience, and interaction with your Microsoft Dynamics ERP / CRM or SAP Business One platform for easier management. Chat with one of our ecommerce specialists if you want additional details about starting an online store.
Source: online business Singapore , how do you start your own business online
