Daily Bulletin

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Double the interest in eCommerce spaces from businesses after COVID-19 lockdown

  • Written by Steve Fletcher, National WHSQ Manager at Drake International


Recent lockdown restrictions have emphasised the necessity of an eCommerce function in future-proofing retail businesses.

Sydney-based co-working space, Workit Spaces, has seen double the amount of interest for eCommerce spaces in June compared to the first month of the year.


Co-founder, Talea Bader, explained that inquiries have been coming from businesses who are now deciding to put more of a focus on eCommerce or have seen a massive increase in eCommerce sales recently.


“Though online shopping was already set to dominate, with less people shopping in physical stores recently, retail businesses are now even more conscious of how important eCommerce is,” said Mr Bader. 


“We’ve seen a spike in inquiries from businesses who need larger warehousing space that allows them to focus on eCommerce, particularly those that have had significant growth in the past few months.”


The proportion of inquiries for eCommerce spaces compared to traditional offices or hot desks has changed as well.


In the first month of the year, only 40 to 50% of inquiries were for eCommerce spaces, whereas in the past month, they’ve made up almost 90% of inquiries.


With social distancing still in place, there are ongoing concerns about the safety of co-working offices and desks.


“Even those who’ve been interested in our co-working offices and desks are wary about the health risks and looking to delay moving in until things are more certain,” said Mr Bader.


“However, it makes sense for eCommerce businesses with smaller teams to move into warehousing and storage spaces right now.”


“Despite restrictions easing, we’re not expecting online shopping to slow down any time soon and would advise businesses in the retail space to move in this direction.”



Tips for Setting Up an E-Commerce Website

  • Written by News Company


If you are fed up with the 9-5 daily grind and would like to make a living selling products online, setting up an e-commerce website might just be the answer. Many Australians have already freed themselves from the rigid constraints that salaried positions hold on you, and if you would like to join them, here are a few important aspects to bear in mind.

Choosing a Product Line – Whatever you decide to sell, there must be an adequate demand, plus you need to be price competitive. You need to carry out some market research in order to determine if the products you intend to market are, in fact, in demand.

Funding – Crunch the numbers to ascertain how much money you will need to get the business off the ground, and with unsecured business loans available from the online lender, you can make sure that your business is adequately funded.

Web Design & Hosting – You will need to enlist the help of a web designer, who can design and build your e-commerce, plus they can arrange for suitable web-hosting. Professional images and product descriptions will ensure that your product line is presented in a professional manner.

Digital Marketing – This is not something that should be regarded as an optional extra, rather digital marketing should be an essential service that will assist online consumers to find your website. Talk to a leading digital marketing agency and they would be happy to help you put together an aggressive digital marketing plan that will make online consumers aware of your e-commerce platform.

Business Plan – It is essential that you compile a good business plan, one that covers every aspect of the business, and there are a lot of free resources online to help you with that. Your plan should include an overview, a list of all assets, a section on marketing, plus profit forecasts for at least 3 years.

Sourcing Products – You should take your time looking for the best products available, and you should make sure that the supplier is both reliable and is able to handle a high volume of orders. If your supplier is based overseas its highly likely that you will need to send money in a foreign currency. Keep your costs low by using an international payments provider like Airwallex.

It is important to understand that you will have a lot of competition, regardless of the products you sell, and it is vital that you engage the services of a leading digital marketing agency. You will face many obstacles on the road to success, and with a lot of determination and a little luck, your new business should enjoy steady growth.

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