With the current market, housing at an all time low, and unemployment on the rise one might ask one’s self if it is the right time to open an ecommerce store? The answer is surprisingly yes, in-fact “there has never been a better time to start a business” according to Upstart Co-Founder Anna Mongayt in this WhiteHouse article. With the cost of running a business steadily decreasing and as online shopping gains popularity with mobile and tablet market expansion. You could say we are in the midst of another revolution in commerce. Shopify, BigCommerce, Magento, and WordPress are all betting big on ecommerce completely replacing traditional commerce at some point.
With this trend in place a merchant can easily leverage this and signup for Shopify in about 5 minutes and have an online store live and selling products. In the past, a designer would be needed, a full time IT administrator, and lots and lots of inventory. Today, you can sell products without ever seeing them, and never ship a thing with services like Amazon’s Fulfillment service. This means you can actually create an autonomous business and spend less time managing your business and more time doing what you really love in life.