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E-business: How much money can be made with an online shop?

  • Written by Daily Bulletin

Since several factors influence earnings simultaneously, there are no general statistics. Several factors are to consider, including the project's scale and the products it sells. E-commerce stores, for example, earn about $100-150 per month in revenue (not net income). Some earn as much as $100,000 per month.

This article does not intend to focus on industry leaders whose income has already exceeded all possible levels. It would take several years of painstaking work to reach such a level. Moreover, beginners are curious about how much an online store can earn at the beginning.

Where does the profit come from?

The key to understanding how much you can earn on an online store is how profit is generated. In other words, this is the outlet's total income after all expenses have been deducted:

  • for the purchase of goods;
  • to pay staff;
  • for site maintenance (including payment for a domain and hosting);
  • for loans and credits (if any were issued for doing business);
  • for utility bills;
  • for taxes;
  • for advertising, and so on.

It is also essential to understand that your business must regularly expand to succeed. As a result, net profit will need to be used to cover the following expenses:

  • to increase audience loyalty;
  • to build brand awareness;
  • to expand the range of goods sold; etc.

When it comes to expansion, I would like to point out that there are stores with millions of turnover, but they are not profitable. In order to grow their business, they invest all the money they receive from trading. Their existence, however, dates back more than five years. In other words, they have been through every stage of danger and challenge and still managed to "survive".

The owners of successful or relatively successful online stores rarely discuss their accomplishments, so getting objective information about how much you can make is difficult.

It is not uncommon to see retail outlets on the verge of bankruptcy, such as some retail outlets. Their owners still conceal these details to avoid scaring off potential buyers and not admitting they cannot find a way out.

It is also possible to find projects that are quite successful, but their owners, on the other hand, often complain about the difficulties of doing business. Apparently, they are afraid to frighten off luck.

How to organize online trading

I will tell you how much to earn on an online store and give concise additional information on how to start a business.

Where to start

  • Choose a niche - what products you want to trade;
  • Find suppliers and negotiate;
  • Come up with a store name, pay for a domain name;
  • Develop a site - there are two options: either order from professional developers or a web application development team;
  • Fill the store with goods - make descriptions of goods, upload pictures. All text content must be unique and not stolen from other sites.


What should be on the site

  • Categories of goods.
  • A card for each product with detailed information;
  • Buttons "Buy", "Register", "Buy in one click", etc.;
  • Convenient and understandable in work "Basket";
  • Section with reviews;
  • Connected security certificate (SSL certificate);
  • Several payment systems for the order - let the user decide which service is more convenient for him to pay for the goods.


Promotion and advertising

  • Internal and external optimization for better ranking;
  • Promotion in social networks;
  • Contextual advertising.


Conclusion

An eCommerce store can make as much money as it is available online. But scaling a business alone can be challenging, especially when your company has no digital presence. This is where a digital manager comes in; you can scale your business through competitor's analysis and several approaches owing to the years of experience available.

Read more: E-business: How much money can be made with an online shop?

Don’t risk it: why your commercial needs a security system

  • Written by Daily Bulletin

Australian commercial properties don’t come cheap, and the last thing you want to do is risk your investment with a substandard security system. There are so many benefits to having a robust, smart solution that you really can’t afford to overlook this valuable addition to your property.

So, with this in mind, let’s take a look at why commercial business security systems are a no brainer for property owners:

  1. They protect employees

A fully integrated alarm solution is designed to provide full employee protection. What’s more, it’s vital that staff on any commercial property feel safe, secure and like they can work on the property without fear of intrusion (especially if they work late night shifts!).

With awesome features like manual alarm buttons, increased CCTV surveillance, intercom access control and 24/7 monitoring, any employees on your property will feel safe and secure at all times.

  1. It reduces the risk of theft

Alarm solutions are a thief’s worst enemy, so much so that they have the power to completely deter them from even trying to take anything from the premises. With security a seriously important factor for people working on a commercial property, it’s important that they feel that they can leave their stuff for a while without the fear of someone waltzing through the front door and nicking it!

Whether it’s a retail store or an enterprise, advanced alarm features like intercom access and increased surveillance ensure that any pesky would-be thieves will either immediately get the message or get it later on when they are charged with theft.

  1. You can restrict access to certain areas

You don’t want everyone just coming and going through all parts of the building, and therefore you may like to restrict access to particular areas through something like intercom control.

This will ensure that any room on the property that contains valuable goods or sensitive information will be secure from anyone who thinks they can just come and go as they please - this is the kind of thing a commercial building owner can do without and a robust alarm solution will ensure that no one does it!

  1. Round-the-clock surveillance

You can’t always be there to watch the property, but your 24/7 monitoring team can. If you have sensitive documents or valuable goods that you have to keep on premises, there is always that lingering fear that someone might attempt to get their grubby mits on it.

But with 24/7 monitoring, you can be sure that your legendary team has a constant eye on your goods, thus ensuring that you can go home at night without having to worry about anyone trying to access the commercial property when you’re trying to get a good night’s rest…

  1. It acts as the greatest deterrence

At the end of the day, the key difference for intruders is whether they can be easily seen or not. What’s more, robust alarm systems complete with features like access control ensure that such people won’t be able to get on premises in the first place, ensuring that your valuable goods or sensitive information is not at risk from any wannabe thieves.

For these reasons, it’s easy to see why so many business property owners have comprehensive alarm solutions on premises. The peace of mind you receive from having one is paramount, especially when you know that both employees and goods are protected from any dodgy dealers hoping to gain access to a fully secure commercial building!

Read more: Don’t risk it: why your commercial needs a security system

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