Thinking of starting your own ecommerce business, but you are waiting. Don’t! Here’s the reasons why NOW is the time to start an ecommerce business before the end of 2017.
By: Catherine Perry
Have you been thinking about owning an ecommerce business? Have you looked at the many benefits—like being your own boss and having a more flexible schedule? Have you thought about how much you would really like to have those things for yourself and your family? Have you made your lists of pros and cons? Have you thought…and thought…and thought some more?
Aren’t you tired of thinking about it? We find that there are many people who would love to own their own ecommerce business, and know that it would be a good fit for them, and yet they have a difficult time making that decision. So, they continue to think and deliberate; as a result, they stay stuck where they are.
By not making a decision to get started, you make the decision to keep doing what you are doing. And, that may be OK. But, if you are sick and tired of your current situation, you should make a change. There are many rewards for owning an online business. We’ve written about these in past blogs. Continuing to delay your ability to reap those rewards is not being fair to yourself.
You may be thinking that the final quarter of the year isn’t a good time to get started. You are wrong! We have a list of 5 reasons to start an ecommerce business before the end of this year, 2017. Read on to find out why you should!
Reason #1: Ecommerce Sales are Strong
According to eMarketer, a company that studies and reports on ecommerce trends and stats, projections “are showing rapid worldwide ecommerce growth through 2018.” By the end of 2018 ecommerce sales will be nearly $2.5 trillion. Yes, that is “trillion” with a TR!
Data shows that consumers are in love with the convenience of shopping online. Why? They don’t have to fight traffic, which is especially bad during the holidays, in order to get to a shopping center. They can shop from wherever they are—be it home, office, or coffee shop. And, user experience has stepped up big time on ecommerce sites, giving the consumer a user-friendly experience regardless of whether they are shopping from a PC, tablet, or other mobile device. Do you really want to miss out on this incredible boom of ecommerce? Probably not!
Reason #2: Ecommerce Holiday Sales Continue to Increase
OK, so we just talked about ecommerce sales growth in general. And, if those numbers aren’t compelling enough, let’s look at the projections for the 2017 holiday season. According to marketland.com, “2017’s holiday ecommerce sales are projected to grow 10% over last year’s holiday season.” Quoting NetElixer, they predict a rise in mobile shopping during the holidays, and estimate that 35% of all online purchases will happen on smart phones. The takeaway here is that people will continue to take advantage of the convenience of shopping online through the holidays, and you need to be a part of that trend! (And, yes, you have time to get it going for the holidays.)
Related Article: Three Years of Growing Holiday Ecommerce Sales
Reason #3: Flexibility and freedom
Imagine having the flexibility of being able to travel, run errands when you need to, and drop the kids off at school around your work schedule. This freedom and flexibility is hard to get when you work for someone else on a full-time basis. An online business allows you to make your own schedule and work from any location. Wouldn’t it be great this holiday season to be able to attend holiday functions, participate in special events, or travel to see friends and family and still manage your business properly? Well, all of this is possible when you own an ecommerce business! Are you ready yet?
Related Article: 5 Reasons of Owning a Home-Based Internet Business
Reason #4: Tax Benefits for 2017
Owning a business can have a tax benefit. By acquiring an online business now, you can take advantage of those tax benefits for 2017. For example, an ecommerce business based in your home can mean that a portion of mortgage payments, utility bills, computers, and even furniture may be deducted from your tax liability. Starting your own business, whether part-time or full-time, can be a great way to turn costs that you would incur anyway into legitimate, tax-deductible business expenses.
When owning your own business, you’ll want to ensure you abide by the current tax laws as they can be detailed and complex. Here are some resources to help you learn more about small business taxes:
Small Business Tax Basics | Resource: Nolo.com
Filing & Paying Taxes | Resource: Small Business Administration
Reason #5: Financial Independence
When you own an ecommerce business, your income potential is virtually unlimited. The internet provides you with the ability to reach a large market, directly, quickly and affordably. When you begin your online venture you begin working towards your financial freedom. It is in your hands. If you provide consumers with a quality website, a variety of products in a popular niche market and a great customer experience, you can be highly successful.
It requires work. But, it is your own business and, therefore, you reap the financial rewards. If you have the passion for your business and are willing to put in the work to make it successful, you can have financial independence! Are you ready to make the decision?
Extra Reason: It’s Easy to Get Started
You may be thinking that you don’t have enough time to get an ecommerce business up and running before the end of the year. It has never been easier to get started with an online business than it is right now! Pure-Ecommerce’s ready-made internet business with beautiful designs and loaded products give you a jump-start on your business. You can get it going and take advantage of the holiday season! Are you ready to start?
We hope you have found these 5 reasons (really 6 with an extra one thrown in for good measure) for owning an ecommerce business before the end of the year compelling. Why wait? Why put off being able to participate in the growing ecommerce shopping business and enjoy the quality of life you so desire? Don’t wait another day – it’s time to do what you love!