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Have you ever think of starting own business but have no idea how? Or are you confuse whether to start a brick-and-mortar business or e-commerce business? Worry not, we have conclude all the details in this article. Stay until the end to get the most of the inputs.
These two are different types of business and have its own pros and cons. With e-commerce, you are not required to save inventories with a large space, you are going to save cost, no need to hire more staffs and a less complicated tax procedures. On the other hand, brick-and-mortar business, you need to do it all from renting a large space to keep all your inventories, hefty utilities and wifi bills, monthly maintenance, staffs remunerations and also a heavy tax procedures.
In terms of revenue, it depends on the products that you are selling, and also your strategies on how to market your products. Whichever ways, you need to start now or you won’t know how it is going to be.
Believe it or not, the amount of online shoppers are increasing everyday and it is much higher than the ones that are walking into the shops. For an example, you are thinking of buying a new handbag. First thing you are going to do is search it up online on which bag, which brand, and how much is your budget. At the end of the day, buying online is less of a hassle as you do not need to drive to the shop, walk in and buy it physically. You are definitely going to save cost, fuel, and time.
Image: Most used E-commerce website: Shopee
Let’s compare the cost of printing flyers, hire a person to distribute it, or even make a billboard v.s online advertisements such as FB & IG ads, Tiktok ads, and Google ads, it is actually much cheaper and easier with the online options.
Plus, learning on how to advertise online is so much accessible nowadays as you can watch it on Youtube, search it online, or buying courses rather than splurging a large amount on physical advertisement.
Who doesn’t love an all-time accessible customer support? Your heels broken? You can message the seller directly. Your parcel is missing? You can lodge a report online and eventually you are going to get the solution much faster than walk in on a business hour brick-and-mortar style.
Do you like being independent and not following orders around? Then, e-commerce business are for you. Sometimes we do work extra hours especially at the beginning of building up the business but as time goes by you will hire few people to help you. When you do become a larger business, there will be plenty of time for to pamper yourself and your loved ones.
With the right strategy and a proper business plan, you are going to hit the jackpot. Whether you get the first month RM100, the second month RM500, and the third month RM2000, you are still growing and makes money more than you spend. Eventually, you are going to achieve your own dreams, your targets, and probably after two years you are able to afford a Mercedes.
Starting your own business is both profitable and enjoyable. However, the journey is not as easy as ABC. You need to do the management, accounting, organic reach, and also digital marketing. The rest you can do it on your own however for digital marketing there are lots of aspects you need to look on and have specific strategies.
Rather than you hire your own Facebook Ads Specialist, Tiktok Ads Specialist, Google Ads Specialist, Creative Designer or even renting a space to place them, and the list goes on… which the spendings can reach up to RM20K monthly. With our help, you can cut it more than half of the costs as we provide all the digital marketing essentials.
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