Page 19 - eCommerce Made Easy - Training Guide

The financial benefits that eCommerce can bring to businesses are very sweet.

According to data gathered by rjmetrics.com, average gross profits for

eCommerce sites in their first three months of their first year comes in around

the $150,000 mark!

By its second year, this average went up to $330,000, and by its third year it

reached a peak average of $1 million a month! Of course, this data applies to top

companies in ascension, so what are the numbers for normal businesses starting

out on eCommerce? What can you expect for your business?

Well, the average is $63,000 for their first three months, going up to $127,000 in
monthly revenue during their first year in business. It peaked at $352,000 a

month after three years in business! Which is an increase of 175% over the course
of three years from the start!

Where can you start?

You have to start by planning what you are going to sell in the first place. Not

only do you need to start planning about what you want to sell, but start

thinking about an industry and the sort of products you are passionate about. If

you are selling something that you love and enjoy, you'll be more likely to enjoy

managing your inventory and your eCommerce site.

You have to find out if that product will be made by you, if you are going to
create designs for coffee mugs, or if you are going to find a wholesaler in order

to access what you want to sell, like wholesalecentral.com.

Next comes creating a unique identity for your business or brand. An example is

Finch Goods Co, who has created an identity for its made in America accessories

for men's business that can be easily recognized and remembered.

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