Why should I start an ecommerce business in 2021? 2020 wasn’t what anyone expected and even through a pandemic, thousands of new businesses were started. Did you know that in 2020 about 81,000 new businesses started in Australia? With more people online now more than ever before, it’s never been a better time to start an ecommerce business. Online shopping has become increasingly more popular over the last 10 years. In 2020, we ticked over the 2 billion mark worldwide, coming in at 2.05 billion online shoppers*. In 2021, there are expected to be 2.14 billion online shoppers worldwide. A worldwide pandemic didn’t stop people from online shopping. In fact, it increased online shopping because people were unable to shop in-person. Companies online have flourished even during these uncertain times while, unfortunately, local and traditional brick and mortar businesses have suffered immensely. If those statistics aren’t making you want to start an online business, here are five reasons why you should start an ecommerce business in 2021: Cost Effective – Many of the items sold online are created and shipped directly from wholesalers, making it much more cost effective for the ecommerce business. To get your ecommerce business started, you need products, an Internet connection and a website to start selling on (or you can utilize platforms such as Walmart and Amazon). Because you will not need a storefront to run your ecommerce store, you’ll be spending less than other traditional brick and mortar businesses. You’ll save money on rent, electricity, staff, displays, shop insurance, and so much more. Wider Audience Reach – See those statistics above? Some of those online shoppers are perfect for you! Brick and mortar stores have a limited audience because their customer base consists of those who live or shop in a close proximity to the business. When running an online store, you have a worldwide audience! Freedom and Flexibility – Owning your own ecommerce business means you not only can work when you want to but also where you want to. You’ll have the freedom and flexibility to design your own life. Tax Benefits – Did you know that if you work from home you can use your office space and other work-related spaces as a tax write-off? You can also write off some expenses like electricity, water, and your mortgage/rent. Consult your tax advisor for more specific information. Make Money While You Sleep – Shouldn’t this be everyone’s goal? Imagine a world where you got paid to sleep, eat out, and vacation. That’s what your life could be like with an ecommerce store. Shoppers all over the world will be purchasing your products whether you’re working in that moment or not. The bottom line: Starting an online business in 2021 is a no-brainer for those who want to make more money, become their own boss, and create more stability. We hope that this list of 5 reasons why you should start an online business in 2021 has helped you take a sneak peek into the benefits of having an ecommerce business. More information on statistics: https://sleeknote.com/blog/online-shopping-statistics#:~:text=As%20of%202020%2C%20there%20are,to%202.05%20billion%20in%202020.
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