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 youll also succeed?

Maybe youve been on the verge of starting your own business, but youve 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. Building an online store has never been easier.

If you've ever dreamed of starting an online store, there's no better time to start than now. American consumers will spend $709.78 billion on e-commerce in 2020, an 18% increase. These are estimated figures, despite everything going on in the world.

But there are other reasons why you shouldn't wait. We'll discuss them in more detail 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 Youre Ready to Start Your Own Ecommerce Store 

1. You are interested in running an online business.

Are you intrigued by the thought of running an online operation? Maybe youve 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 youre ready for. 

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

Maybe youre 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.

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.