Photo by Marvin Meyer on Unsplash
The Covid-19 pandemic hit us pretty hard, especially the economy, and since the majority had to stay home during the lockdown, the online opportunity opened for people to survive and continue living. We were then dependent on the internet and gadgets. Students study online and the majority of companies either closed down or have to transfer their company laptops to the houses of their employees and ask them to work remotely.
People prefer online entertainment such as online casinos because it can be accessed by all modern gadgets like smartwatches. It has state-of-the-art graphics and sounds and is compatible with other technology such as Virtual Reality and Cloud Gaming. Best of all, it has perks and bonuses. Banking methods are very convenient especially Pay by Phone bills in the UK. This payment option brings comfort to both the player and the operator because players can wager anytime and payment will reflect on the phone bill.
Online Selling Business
The E-commerce and online retailing company is the cream of the crop in the digital world these days even when everything is going back to normal. The online selling trend is still ongoing and the majority prefers live selling because customers can see the product even virtually but they have a mental idea of what it actually looks like when worn or if delivered to them. It offers 90% accuracy of its actual look.
The Live Commerce
Typically known as live stream shopping, it has been practiced almost worldwide. Using social media or streaming platforms online retailers can go live and introduce their products to the viewers. They can sell bags, shoes, apparel, kitchenware, home decor, food, and many more. E-sellers can also promote their products on social media and people can buy their products. Most of these sellers have followers and fans hence if the said customer cannot watch them live, the seller can record the activity and the latter can watch the replay. If a product caught their interest and nobody claimed it, they can contact the seller and claim it. Payment is usually sent through a digital wallet, bank transactions, or other payment options convenient to the buyer and offered by the seller. It is usually paid after claiming the product before sending the item to the customer.
How to start Online Business
- Majority of the Online Sellers and even those who do live selling has their own website. Potential customers can view your business domain and for them to know what product you are selling. Having your own website also gains the trust of customers and if they like your product it’s more likely that they will recommend you to others.
- The digital world is huge and an e-commerce platform is highly recommended. Aside from that, the influence of social media is also a good thing because it is where you can sell your product.
- As mentioned, the E-wallet is most favored by many as well as bank transactions. Look for other payment options which are favorable on your part and the customer's as well.
- Shipping and delivery to nearby places or abroad must be figured out which courier is available to their area. The shipping fee must also be checked with the courier company and you can inform your customers if they will shoulder the shipping fee or will be added to their payment. Some E-sellers do not charge the customer for the delivery if they ordered bulk or bought more items
Advantages of E-Commerce
- It is affordable
Suppliers sell products in bulk at a negotiable capital. These products are a smorgasbord of different items coming from other countries or locally. It can be a mall pullout (typical bask in 2020 during the pandemic) or out-of-fashion items. Buyers love it because at times they can claim items with high quality.
- Sellers have the freedom
They have the freedom to go live or if they just wanted to post their products.
Tips on how to increase your customers
– Join groups are social media that allow the posting of products and live selling.
– Advertise your internet store.
– Introduce your products and your website to your friends and people around you.
Final Insight:
Being an entrepreneur involves risk and online selling is not easy. There are down times when sellers don’t have viewers or sometimes they get scammed. The best part here is you don’t have to pay the rent and you own your time. You sell products exactly what the customers wanted at a lesser price.
