The business environment is constantly changing, and doing so very rapidly. In the process change threatens traditional ways of doing business. On the other hand the same economic transformation is creating new business and work opportunities for agile, open-minded and innovative entrepreneurs.
One of those recent economic revolutions is Electronic Commerce or trading online. This has created a new trading platform conducted over the Internet. At the same time, it is threatening the conventional way of face-to-face trading from business premises: markets, high street and corner shops and stores, as well as from shopping malls.
In the light of these structural changes, the only way forward for any existing business to survive in this fast-changing world is to learn how to operate under the new system and learn how it works. Any new business start-up should also learn and embrace the latest trading change.
As a result of these changes, some old well-known retail names which failed to change and adapt have gone out of business.
You may have bought a product or service online and the vendor made money in the process. Nothing is preventing you from doing the same. Some of the internet retailers have become global multi-billion dollar businesses.
The advantages of selling online:
- Your business is open 24/7
- You can trade from any location where there is a good broadband Internet connection, even from the comfort of your own home
- You can start from a level which you can comfortably afford, even with one product or service
- Low start-up and operating costs and low risk
- Trade locally, nationally and internationally at very little extra cost.
- Unlimited growth potential
Others are doing it and making money. What is stopping you from doing the same? This multi-billion traders started small at some point. You can also do the same.
What you need to trade online
- Desire to start and run your won business
- Good Internet connection
- Landline or mobile broadband
- Desk or laptop computer
- Product or service to sell
- Domain name
- Web hosting
- Ability to build your own website or money to hire a web designer
- Entrepreneurial skills or willingness to learn them
- Willingness to learn and keep on learning.
E-Commerce is here to stay. It is very serious business. It’s the business of today and no doubt, the business of the foreseeable future. There is no turning back, whether or not we accept it. The only way to beat them is to join them. Do what other businesses are doing.