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The Benefits of Ecommerce Business

This week, we wanted to let you know why choosing to have an e-commerce business is beneficial and smart.

Casey Carroll
10 Dec

People and businesses continue to enter the e-commerce world, and this isn’t going to slow down anytime soon. In fact, e-commerce business is starting to serve more and more of the world and is expected to reach about 2.14 billion people shortly.

This week, we wanted to let you know why choosing to have an e-commerce business is beneficial and smart.

There are many more benefits of e-commerce, but we highlighted some of the main ones for you:

The first advantage of having an e-commerce business versus another type of business is the low financial cost. E-commerce startup costs are significantly lower than physical retail store costs. You don’t need to worry about paying rent, designing your store, purchasing sales equipment, etc. You will only need to worry about buying inventory, hiring employees, renting virtual space–like on Shopify–and branding. Even if you eventually want to move to being a physical store, starting as an e-commerce business will save you money and help you become established. 

Relating to money, as an e-commerce business, you have the opportunity to make money 24/7.You can reach anyone at anytime and anyplace in the world. People with weird or complicated schedules will have access to and buy your products since they might not be able to make it to your store. All you need to do is automate your ordering system so that customers receive a confirmation about their order so they have peace of mind. 

Additionally, it is easy to showcase bestsellers and reviews online. This makes it simple for customers to see your products and how people are enjoying them. You can show off your best sellers on your website, and through ads and email marketing. Similarly, it will be easier to encourage impulse buying. If your pictures are high-quality and intriguing, customers will be more likely to make the purchase. It is also easier to retarget ads or products that customers were interested in.

Finally, it is simple to get customer data when you have an online store. You can then use this data to analyze your audience and see what they are responding to. This also makes it easier to connect with customers and offer them deals and encourage them to buy from your business. 

We hope this blog was informative and helped you either decide to create your own e-commerce business or feel good about already having one!

Until next time, let us know if you have any questions or comments below!

Casey Carroll
10 Dec

Pay Back as You Sell

Forever 8 recoups  our investment (plus a small fee) as you sell. Take longer to sell than anticipated? No problem, we will work with you to ensure that we are both in alignment. Sell faster than anticipated? Great, our fees will be lower and we can order you more inventory to keep pace with your demand.

Long Term Capital

We are a partner. We aren’t here to offer quick bridge loans. Instead, we work together for at least a year, funding 100% of your inventory needs.

Reduce Your Exposure

Forever 8 does not require a personal guarantee. We act as a partner, and we take product risk. Our interests are mutually aligned

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