The Internet has become a great place to start a business. For many people, their website is their business and they have no bricks and mortar store at all. This allows them to start a business that may become worth millions, for a relatively small amount of money, especially compared with what it would cost to start a traditional kind of business.
So what exactly do you need to start an online ecommerce business? Like any other business model you need to do some research to find what product or service people want. Few people these days are in need of wagon wheels; chocolate ones may be a different story. Here are some tips on what you need to start a business online
Most people don’t know that 94% of the Australian population uses high-speed internet, and 60% of the users go online several times in a day. From an analytical perspective, this means that ecommerce websites have great opportunities to explore the large number of Australian population that shops online. This also explains why ecommerce in Australia has greater chances of growing rapidly in the near future.
Numbers State Facts
Back in 2010, numbers showed that $27 billion worth of ecommerce sales happened in Australia. In 2013, the figures increased to $37 billion. Therefore, clearly, there has been an increase by $3-4 billion worth of ecommerce sales each year. From a business perspective, this means that there is an opportunity for online businesses to generate revenues.
Now, it is much cheaper to start your own ecommerce business in Australia. However, this doesn’t mean that there is a guarantee that your ecommerce business will thrive like that of others in your field. To make sure that your business does succeed and meet the challenges posed by competitors in the ecommerce arena in Australia, there are some dos and don’ts to keep in check.
Here’s a list of things to do and to avoid while launching your e-commerce website for the Australian audience.