Many stores now have an online presence, because having an online store is a great way to boost business. However, some startups, and many people who run stores that sell on auction websites don’t have a physical store.
What are the benefits of only having an online store? And how could it save you money? we’re going to look at this now:
1- Offer Discounts
Anyone who sells products online will tell you that they can offer some great discounts. A countdown clock for email that shows how long the offers last for can tempt people to buy their discounted items.
The process of offering discounts can often be so much easier if you don’t have a physical store. This is because you will only need to take a few costs into consideration, before you can sell products at a lower price.
2 – You Don’t Have To Pay For A Store
If you don’t have a physical store, you won’t have to cover the costs of running one. There will be no rent, no energy bills, and no maintenance costs either.
Even the smallest of shop units can be expensive, but if you don’t have a physical store, you won’t need to worry about these costs.
3 – You Can Use Your Home As A Warehouse
Imagine you have a t-shirt printing company, and you want to store 200 t-shirts somewhere. Rather than renting out a warehouse, you could use a corner of your bedroom, spare room, or even your garage.
Using your home as a warehouse is a great idea. If in future you decide that you need to store your stock elsewhere, think about renting a storage unit, as this can be a much cheaper option than a warehouse.
4 – You Don’t Have A Store To Keep Tidy
Keeping a store tidy and clean can cost a lot of money. You will need to have at least 2 people running the store every time it’s open, and this can get expensive.
Paying for more employees can be costly. However, if you only run an online store, you won’t have to worry about who is working in your store, and if there are enough people to keep the place clean and tidy.
5 – It Reduces Employee Numbers
Let’s imagine you have a small store in the middle of town, and you always have 2 people running the store. What will you do when one of your staff members goes on vacation, or falls ill?
Will you run the store yourself, while trying to get all your paperwork done, or will you hire an extra team member instead? Neither of these options are very cost effective, and they could result in you doing a lot more work than you really need to.
If your business really takes off, and it makes sense to have a physical store, then you may want to think about opening one. However, in the meantime, just having an online store can save you a lot of cash, while the money comes rolling in.