It was posited long time ago that the world needs more entrepreneurs to provide more job opportunities. Despite the prosperity we know today, the fact is that there are still many jobless individuals even in the developed worlds. And the Internet seems to catch up with that issue. It has been the major media for goods trading, that is later popularly called as e-commerce, around the world.
But what makes e-commerce thrives in the Internet era?
Very little budget to start
Technically speaking, e-commerce business requires very few resources, like Internet connection, marketing skills, inventory, and knowledge about shipping. Add those with an e-commerce platform membership, and you are ready to trade.
If you are trading directly from a wholesaler to the customer, then you take the role of a retail business. The management will cost you more than if you are a drop-shipper. Dropshippers trade goods without the burden of storing and maintaining them. They act as a third party between manufacturers and buyers, but instead of buying the traded items directly and stock them, a drop-shipper searches for buyers first.
The challenge of being a drop-shipper is to gain customers’ trust and reach as many of them as possible. The downside of being a drop-shipper is that they will be least likely to get profitable deals. A drop-shipper earns money either in the form of commission or price difference. Sellers give their products in much lower price to a retail or a wholesale store because they dare to buy in a large party.
For an independent e-commerce entrepreneur, not joining a platform does not mean that the business will be overpowering. Platforms offer transaction security, customer care, and marketing on their own. All you need to do is to pay the monthly/annual subscription fee. And by the time you want to own a site by yourself, suddenly those burdens will all be yours. And you shall not worry because your best help will be from outsourcing companies.
By partnering with outsourcing companies, you can divide the tasks of customer care, database management, and digital marketing. Online marketing will optimize your business’ exposure. And this principle does not limit itself to apply only to an e-commerce store. For instance, you can learn how charlihebdo managed their eCommerce strategy. They are publishing company for satire comics and has recently focused on the digital publishing industry. Previously, the company has been famous in printed publishing, but they realize how the technology in information has changed journalism and publishing industry.
E-commerce accommodate worldwide trade
Platforms such as Amazon, Alibaba, and Lazada provide shipping worldwide. And if you are an artisan who has gained just a little exposure, you can market your products with those platforms to reach more customers for your end.
Shipping industries have also been co-operative with e-commerce. In fact, it has been the very vital part of it. Renting for cargos have been made easier. The regulation for export and import in many countries have also shifted to be much more lenient.
E-commerce provides an infinite supply of market and demand
E-commerce makes information worldwide accessible. As e result, when a store is running out of stock, the customer can search for the others with the tips of their fingers. Search engines allow both customers and sellers to interact with each other anytime.
Theoretically speaking, e-commerce is the ideal version of how a business environment is supposed to be. It is the next stage of the evolution of industry and entrepreneurship.