How to start your own online business?

How to start your own online business?

Electronic commerce or the electronic business has been around for a long time in the world and in the future shops and markets, everything will go digital. Something that started working on e-commerce in Pakistan in 2000 and export-related and some other companies have shifted their business to the internet but still there is a big difference between the modern world and the local market. E-commerce is not far away in our trading centers, and business is still happening here today.

In some places, there are also attempts to modernize the business, but the ‘hardware’ has been bought enough, but we are still far from the process of digitalizing the business. Does decorating a business with IT mean buying a few computers, composing / emailing, creating a company half page on social media or setting up a simple website?

Digitalizing the business reduces the ‘option cost’ of the company but thus the company is not benefiting from IT, the upside is spending millions of rupees annually on maintenance / salaries.

There are a number of reasons for not following modern trends correctly. Unfortunately for the majority of business owners, the trend for business development, meeting experts, bookshops, workshops and seminars is very low. If asked why not attend the seminar, then the answer is that there is no time to do it.

But political / religious events, fashion shows, movies, stage plays are seen every week. Nearly 90% of business owners turn on the TV in their office. Most preferred topics are current affairs, foreign relations, global conspiracies rather than business development.

Potential risk warning

If you are already associated with a business (goods / services). And if you are still running your business in an ancient and traditional way, then in the future you may face difficulties as you now face technology with your traditional competitors.

There are times when people just come to the market and shop and the one who has a good and big shop in the market is always successful. Established since 1905, the “ancient shop”, the “real shop” is no longer familiar with these things, and people are now receiving goods / services from home thousands of kilometers away from home TV. Everything is changing fast.

Online shopping is growing fast in Pakistan. In the early years, online shopping was far from accessible to most people as the only means of payment was a credit card, which is not available to most people today. But for a while now Pakistani websites have introduced cash payment and delivery options through mobile phone companies, making online shopping no longer difficult.

With e-commerce, consumers can view and buy their favorite products without wasting time and compare the price, quantity, ingredient composition of different products in their place, which may not be possible in the traditional market. So if you don’t integrate your product with e-commerce, someone else will do it.

The meaning and benefits of e-commerce

If you are already a business or want to start a new business, you must find out about e-commerce. Following the basics of e-commerce will make it easier for you to decide whether you want to move in that direction or not.

E-commerce Urdu means electronic commerce, in simple terms the purchase and sale of goods or services through online websites is called e-commerce. This concept has become increasingly common worldwide with numerous benefits.

Saving the Businessman

You have to cut costs for space, staff, supervision, rent, etc. For example, you can reduce the size of your cell point / showroom. No need to store large quantities of items. Items can be purchased by order. Organizing a business gives you the right information, which makes your decision-making easier, and not only reduces the option cost, but also increases profits.