By: Lance McHenry
The world of Ecommerce has developed rapidly over the last 10-years with all major global brands now actively selling their services and products online. In mature Ecommerce markets like the United States, Business Insider states that over 17% of sales will happen online by 2020, and this figure could even go up at the rate it is going.
With the trend steadily moving towards more Ecommerce sales, aspiring entrepreneurs all over the world and have many different Ecommerce platforms to choose from. In India, Flipkart is leading the way. It’s India biggest Ecommerce platform and currently commands around 57% of the market ahead of Amazon. It’s a large market share if you compare it to the North American market, although the US and Canadian markets are obviously a lot more competitive.
Magento is the most popular with 29.1% with other platforms such as ZenCart and Big Commerce following close behind. Canadian Ecommerce platform Shopify accounts for 10.9% of the market. This is mainly due to it being one of the most “hassle-free to set up” for first digital marketing entrepreneurs venturing into Ecommerce, according to a Shopify review by Ecommerce Guide.
But regardless of the major brands hoovering up the majority of consumers with their large-scale digital marketing campaigns, the market in general also has areas of opportunities for budding entrepreneurs to seize on. After all, the global Ecommerce market was predicted to reach $1.9 trillion by the end of last year – it will undoubtedly surpass that mark this year.
Startup Freak has covered many inspirational stories about how entrepreneurs have built their businesses up from the ground. But just because you’re looking at starting your own business from home, doesn’t mean you can’t someday realize your dreams of establishing your own brand among the elite. You’ve probably heard of the story behind Google, starting off in a garage, as well as Steve Jobs and Apple building the early computers from his parents’ house. Well, take those as inspirational stories to start making your dreams a reality.
Why Ecommerce Could Work For You
The best part about an online business is its practicality and flexible nature. A physical office usually means a sizable financial outlay to begin with not to mention office equipment and any legalities that come with renting space. Additionally, it can become a financial burden or even a limitation if you’re pinned to a long-term contract that doesn’t allow you the scope to down size or scale up. Online, the world is your oyster and you can react more fluidly depending on how your business is performing.
Read More >> https://startupmindset.com/how-to-launch-your-own-ecommerce-store-from-home/
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