Posted on Feb 19, 2020
Businesses that sell goods and/or services need a gateway for selling those products. Ever since ancient times, this gateway has been a shop - customers come into a shop to find a product they need, and the shop owner sells that product to the customer. But with the creation and rise of the internet, more and more shops are taking the leap and expanding to the online world.
Like most other business decisions, it's important to look at the benefits to building an online shop. The first main draw of such an idea is accessibility. When you push your shop online, it can be accessed from anywhere, at any time - meaning no matter where in the world you are and what time of day or night it is, you can look at the shop and see what's available. With a lot of people having busy schedules, having an online shop means these people can still browse without needing to go to a physical place. This also means managing your business can also be done from anywhere and at any time.
With a more accessible online shop, you will also see another benefit - more customers. Recent statistics show that 87% of shoppers start their search digitally, which is a rapid rise from this time a decade ago. Nowadays, shoppers like to compare prices and reviews for products so that they can make the right purchase for them. Sure, some of these searches do end up with people going into physical shops, but having an online shop means you're able to tap into this massive market.
When you move your storefront online, you can also begin to move other elements of your business online as well - such as business tools like accounting software to manage your finances. Having digital invoices for purchasing of products or services makes managing your money much simpler to do - and helps cut costs on physical supplies such as paper. This can also make tax management and employee payments significantly easier, boosting productivity of your business even higher than before.
Based on this information, it's clear to see how much opportunities there is for businesses to grow by making the jump to the internet - however, before charging in headfirst there are a few things that need to be planned before you begin. First and foremost, it's important to do the research into what customers you want to bring to your new online store. If you're a business that has been operating for some time already, you probably already have an idea of your intended consumer base - but even then it won't ever hurt to do some research to see what your ideal consumers react to.
Another area that is important to do research on when creating an online shop is to analyse your competitors. Looking at how similar businesses operate online - as well as what their consumers like and dislike - can help you determine how you present your business and its products. Learning from a competitor's mistakes can only help you when you decide to join the online business landscape.
There is a lot to dig into when it comes to creating an online shop for businesses, but hopefully we have provided a trimmed-down version that will help explain it in an easier to understand format. There are so many business opportunities available online right now, and there is no better time than the present to hop on board yourself.
At AB Web Developers we can help create an e-commerce site complete with everything you'll need to get your business started online. Contact us today to get started and see how far the internet can take your shop.