Have you noticed recently how many empty shops there are? Many people who have had a crack at running a small business have recently closed down and we are seeing an increase in the number of ‘for lease’ signs.
When you are considering opening a business, it’s very important to contemplate all the costs of running a business. There is a huge difference between the upfront costs that every day retailers have to put up just to open their doors in comparison to e-commerce stores.
Bricks and mortar retail is huge and will always have its place, but for entrepreneurs just starting out, the online seller niches definitely give you a good head start to maximise your dollar.
Check out Pete from Online Sellers Insurance in the video below chatting about both retail vs online selling environment.
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