Stepping into ecommerce Advantages and Disadvantages
The latest online business statistics suggest that e-commerce as a sector is growing steadily year over year. But the latest global events added some calamity to the markets. Spending across certain product categories is down, while other product verticals are booming.
What are the advantages to starting an e-commerce business. Here’s why a growing cohort of an entrepreneur goes for e-commerce:
- Location independence. You can run an e-commerce business from anywhere in the world as long as you have a laptop and reliable internet access. On a personal level: you can travel indefinitely, live abroad, move to a more affordable location, etc. On an operations level: you have the flexibility to scale, compete internationally, earn a passive income and profit from arbitrage.
- Flexible work schedule. Once you get your business up and running, you can tune your work schedule to fit your lifestyle. By using smart integrations, delegation and automation you can run a growing e-commerce business with a co-founder, lean team (or even alone) without clocking in 12-hour shifts.
We at Red Rabbit love to create online stores as this is one sector where results are measurable.