Are you still working for someone 9 to 5 and are helping them to reach their goals while you are unable to do anything on your own? It’s time to think about yourself. E-commerce marketplaces are offering various offers to every individual out there to try their hand as a sidepreneur.
A sidepreneurship is an additional source of income, a side-business that you can try in order to make your dreams come true and become successful. The main aim is to produce some extra income along with your primary source of income i.e., your job.
Successful people and entrepreneurs recommend that you should not depend on a particular source of income. In order to be rich and successful, you should have 6 sources of income. Couldn’t you at least afford two?
You can rent anything that belongs to you for your extra income per month. It will add to your primary source of income. On the other hand, sidepreneurship is something a person does in order to get some extra income consistently without quitting their primary source of income. Once your business is matured, after that you can quit your job and focus on your business full-time.
How you could start your own e-commerce business as a sidepreneur?
E-commerce is considered to be the most success-oriented and the safest route to sidepreneurship. If you want to start with an e-commerce business, you should become a part of the marketplace. If you are going to start your own online store, it would be a better idea due to the immense growth of the e-commerce industry in the past few years. There are various business models in this industry that started with a small step and today, they are the leading companies of the global market.
This may sound easy to you but the percentage of failure in this industry is high too. You have to consider some of the factors and if you want to become a successful entrepreneur, I am going to recommend some of the things that you should consider in order to start your successful E-commerce business as a Sidepreneur, like eCommerce store, online dress rental store and online blogging site. To take the next step you should consider the following points.
1. Evaluate your idea
The main work starts here. The competition in this industry is too high and if you want to stand properly in this industry, your idea must be unique and you have to evaluate it from different angles. Having a brainstorming idea is a must in the e-commerce industry for a successful and grand business as a sidepreneur.
Here are some steps that would help you to evaluate your business idea-
- You have to understand the behavior of the customers in your targeted area
- ‘You must research everything properly that relates the current trend and existing demand
- You should conduct a competitive analysis.
2. Dedicate your time and try to prepare small targets
Don’t ever try to reach anything all of a sudden. Great things take time. You should start slow and small. Just follow the consistency and try to prepare small targets within a deadline. Moreover, you should not consider your side business as a leisure activity. You have to dedicate your proper time to it. Try to do research continuously. Whether you do it after your office hours or on a weekend, follow a strict routine and work continuously on it.
3. Right technology solution
It can be easy to think of technology as a blanket solution to many of the challenges facing your business. The thing about technology, however, is that it comprises a wide variety of options and solutions and the key is finding the “right” solution for your needs. You should consider the above points before choosing a technology platform-
Mobile and SEO friendly
- Automated features
- Technical support
- Mobile applications for IOS and Android user
4. Have a clear and large vision
Try to observe everything including the trends of the market and emerging companies and their ideas. According to them, set your goals and have a clear vision of what you have to do. Try to think four steps ahead so that you do not have to face any problems in the future.
Always keep an eye on your competitors and try to work on your idea more efficiently according to that.
Try to invest some part of your primary income into your side business.
5. Set resignation deadline
You are working as a sidepreneur to achieve something bigger. Today or tomorrow, you have to quit your 9 to 5 desk job and you have to be prepared for that. Don’t wait for your business to reach a certain level. You have to make it happen on your own.
In a nutshell
Most importantly, if you do not have the willpower to start something on your own as a sidepreneur, it won’t work. You have to be confident enough to take the risk. I have suggested almost everything that will help you to start your successful E-commerce business as a Sidepreneur.
Recognizing the type of sidepreneur you are will help clarify aspects of your life and your business making you more focused because your reason is clear.