ONLINE STORE VS PHYSICAL STORES
We earn money to spend them. Money or let us say UD dollars are mere papers but the amount of these papers predestines the quality of our life. What do we do when we have some money? Usually, we save a particular amount of it and spend some of the cash. What are the places where we spend our funds? Whatever you buy clothes, technical tools, gadgets, smart phones or any kinds of other items -you buy them in stores. Stores are the places where most of our money is spent. A store is the best place to buy or sell something.
It is necessary to keep in mind that our century gives us some opportunities which were unavailable for people who lived a couple of decades before. Today we live in two worlds. One of them is our real physical world and the second is a virtual world. There are millions of people who spend most of their time in the cyberspace and prefer it to the real world. Thus, you have a chance to transfer any type of your activity to the cyberspace and make online business.
I have stated that all our life is connected with stores. When we buy something we deal with a store and the same thing happens when we sell something. This fact lets us know that launching a store can be one of the most profitable business ideas. Since today you have an opportunity to choose between two options launching a physical shop or start your own online store, let us see which of these two ways has more advantages and benefits.
Building your personal physical store requires big amounts of money. First of all, you will need a space for your shop. You may buy or rent it. It is possible to rent an existing store and then change its design and style as you want. Another way to launch this business is to buy a ready store or any kind of building that can be potentially changed and redesigned to become an attractive store. If you plan to use a rent somewhere in developed countries of the world, it will require thousands of dollars every month. These numbers may rise from dozens thousands to hundreds thousand of dollars. The buying a real estate will be more expensive. In developed countries, It will cost you millions of dollars. If you are not a millionaire, you should completely forget about this idea because opening a physical store demands big money which may not be available for you.
An online store is pretty easy to be launched. You will need to buy a good e-commerce theme, a domain name, purchase a hosting plan, SSL certificate and your online e-store will be ready for use. All these may cost you from 50$ to 100$. As you see your investments in online shop cannot be compared with the investments needed to start a real physical store. Opening an online store does not demand much money and you don’t need to be rich to start your online shop business right now. This option is available for almost everyone.
Starting an online store is very easy when we compare it with the process of launching a physical shop. An online store is an absolute winner at this point.
Building your own physical store will require many physical efforts and patience. It may take months or even years until your store will be ready for its business activity, You will need to deal with hundreds of different people, designers, builders, lawyers and other professionals. Sometimes you may be very tired and regret about your decision to open a physical store. Remember that if you decide to open a shop, the process will take your full time. Do not hope to have any free time. So if you are very lazy and you don’t want any additional problems, I advise you not to start this complicated and nervous type of business.
You can build and start your own online store in a matter of hours. You won’t need to spend tons of your time speaking with different people, consulting and negotiating legal problems. There is nothing that can be easier than launching your own online store. The process of listing may take a few days and that’s all. You will be absolutely free. All you will need to do further is just to sell and ship your items to your buyers. The online store does not demand much time and you will have a lot of free time to enjoy your favorite hobbies.
An online web store is an absolute winner in this category.
A physical store can be very profitable. There are several factors that influence the success of your physical business. First of all, your shop must be situated in a good, visible and preferably very crowded place. Thus, you will have more visitors and consequently, sell more. The problem is that part of your financial income will be spent to maintain your business. You will need to pay salaries to sellers, consultants and other workers of your store. This will take thousands of dollars from your net income. Additionally, you should keep in mind that you will have to pay different government taxes. It is clear that you will need to pay more if you rent your store. So let us combine all your income from the sales and subtract the amount of money you will need to spend in order to maintain you business. We will see that your final income won’t be tremendously huge. So does your efforts worth it?
If your online store is well promoted and you offer your buyers a good customer support service, there is no doubt that your earning may be extremely high. Launching online store does not require any additional costs. You pay 3 dollars every month to host your website and fully maintain your whole online business. Thus, you don’t have any additional fees and consequently, your net income increases.
Launching online store is more profitable than starting a physical shop.
If you cannot decide what to choose: online store or a physical shop, I hope that my detailed analysis and comparison of these two types of business made it clear for you that the best option is to launch your personal online shop. An online store is an absolute leader and winner in three categories. Online shop requires fewer investments, it saves your time and it gives you more profit than a typical physical store.