There are currently 7.1 million online retailers in the world with 1.8 million in the United States alone. And more are opening all the time.

In the midst of all this opportunity, how do you know if opening an online store is something you should do? You’ve heard of others who succeeded but how do you know if you'll also succeed?

Maybe you've been on the verge of starting your own business, but you're allowed fear to hold you back. Or, maybe you think you don’t have the qualifications to make it as an online entrepreneur.

The only way to know for sure is to do it yourself. And the fact that you know of others who succeeded means the odds are in your favor of making it, too.

In this article, well take all the guesswork out of starting your own business. We’ll also provide you with all the tips and information you need to ensure you are able to operate a successful online store.

It’s Never Been Easier to Start an Online Store

If you’ve ever dreamed of starting an online store, there’s no better time to begin than right now. According to market US consumers will spend $709.78 billion on ecommerce in 2020, which represents an increase of 18.0%. And these are the estimated numbers in spite of everything that’s going on in the world.

But there are more reasons you shouldn't wait. Well talk about them more below.

1. More resources than ever.

There are a ton of resources available to point you in the right direction and answer any questions you may have. YouTube is an especially helpful resource where you can find videos of people showing you step by step how to open up an online store and stock it full of products.

Another helpful resource are Facebook groups. Here you can connect with other like-minded, ecommerce website owners and gain helpful, expert advice.

2. Endless amount of online store builders and features.

Online ecommerce platforms are beginner-friendly and easy to use. They take the guesswork out of designing an online store by providing a selection of pre-made, ready-to-use templates. Another great thing about these templates is that they’re easily accessible, giving you the freedom and functionality to make changes to your site whenever you see fit.

3 Signs You're Ready to Start Your Own Ecommerce Store

Below we included a few indications that you may be ready to open your own online store. These are just some things that, if you’ve experienced them, you may consider moving forward and taking the plunge to start your small business.

1. You are interested in running an online business.

Are you intrigued by the thought of running an online operation? Maybe you've already begun researching the idea or asked the opinion of a few friends. If this is the case, starting an online business may be something you're ready for.

2. You want to diversify and add another revenue stream.

Maybe you're somebody whos only looking to create an additional stream of income. If this is the case, an online store might be the perfect choice for you.

Online stores allow you the flexibility to operate them full-time or on a part-time basis. The decision on how to run yours depends entirely on you and your financial goals.