The Write Design Company event casted the 2010 Internet Retailer Conference & Exhibition (IRCE) on June 8th and June 9th at the McCormick Place. It was three days of education, networking, and more education. While the information from the workshops would have been invaluable, the information we gained while walking through the exhibit hall was priceless.
Hailed as “America’s largest e-commerce event,” the IRCE provided resources and education to help online retail businesses to grow their online businesses through increased sales; marketing through various channels; and complete customer satisfaction. There were over 400 exhibitors providing over 70 types of business services at the conference. Do you know what this means? Opportunity.
According to the U.S. Department of Commerce, retail sales decreased 7% during these challenging economic times while internet sales actually increased 2%. What does this mean for you? It means that there are opportunities abound in internet retail either as a seller or a service provider to online businesses. You just have to be open to them. In fact, we came up with following reasons why you should consider starting an online business.
1. The internet is world wide. According to World Internet Usage Statistics and World Population Stats, there are over 1,802,330,457 people on the internet at the end of 2009.
2. Conduct your business from home. Even if you start out as a service provider to these organizations, many times you can start from home.
3. Make money while you sleep. It may take awhile to get to this point because you’ll have to have the resources in place to make sure that your product can get to the customer in an efficient and timely fashion. However, with the right products going to the right customers with the right relationships, this can happen a bit sooner.
4. Manage little overhead unless you’re selling big products. You do need to have a storage area for anything you sell. But, your operation costs should be relatively low in your early stages of entrepreneurship.
5. The amount of money needed to begin will depend on the product or service you’re selling. Start small and grow as your business profits grow.
6. Start part-time to determine if this is something you really want to do. If it is not, you will only be out of a small amount of time and money.
As an entrepreneurial resource, we always seek ways to help others create their own opportunities. Visit Internet Retailer to learn more about how to get started in this industry.