General Information

In the previous article I have discussed about the Basics of the e-Bay store and how you can set your own e-Bay store.

Today I want to discuss about the power of the Information Age and the Online shops. After 1990, The Industrial age gets over and the Information age started. And with the birth of the Internet, more and more millionaires & billionaires born and will be born. The main advantage of the Information age is that, you don’t require money to make money. You require just an idea (& an online space) to make money. Up to the Industrial age, you required money to make money.

e-Bay store is the Best example of making money out of an idea only. And don’t underestimate the potential of the online stores especially e-Bay stores.

Here are the advantages of e-Bay store over traditional offline brick & mortar store -

01) Cost effective – If you want to open a traditional offline store than you need to buy a commercial space at prime location of the city. And that will cost you literally crores of rupees. While opening an e-Bay store will cost you just US $ 15 per month.

02) Minimal Man Power required – The main advantage of online stores is that, you can operate it with minimal man power. You can manage all of your Inventory & Sales Data with just 1 single click. While in case of traditional offline store you need to higher manpower to run that store which will cost you.

03) Wide Customer Base (World wide Audience) – The main advantage of the online store is that, The Internet is connected to the whole world. The Internet Population is above 1 Billion. So from the first day, your target market becomes very wide. Now in case of traditional offline stores your target market will be limited to that particular city only and thus less revenue in comparison with the online store.

04) Run 24/7 without your presence – The main advantage of the e-Bay store is that, it runs 24 hours a day, 7 days a week without your presence. People will visit your store and buy the items and pay online. You don’t have to present on your inline store to collect the payment.

So these are the some advantages of opening an eBay store. eBay store is the next generation Business idea. In my opinion, if you are right now in college and passionate about starting your own Business than start your own eBay store Business right now. You can chose to sell from around 20,000 categories and sub categories.