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Dissatisfied with the lack of suitable online e - commerce platforms through which he can sell his snowboards, Tobias L tke founded Shopify in 2
Dissatisfied with the lack of suitable online ecommerce platforms through which he can sell his snowboards, Tobias Ltke founded Shopify in as a homebased business. Today, Shopify enables small businesses, many of which are homebased firms, to easily sell products online using its suite of ecommerce tools that facilitate payment processing, marketing, shipping and customer engagement.
With sales of $ billion in Shopify serves more than one million businesses in countries. A key reason that is attributed to Shopify's success from its humble roots as a homebased business is its use of computer technology.
How has computer technology contributed to the increase in homebased businesses?
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Computer technology eliminates the need for homebased entrepreneurs to set up a traditional storefronts, which reduces startup costs eg rent, inventory, etc.
Computer technology enables homebased entrepreneurs to access information and communication capabilities that were formerly accessible only by large companies.
Computer technology enables homebased entrepreneurs to access and purchase goods from China eg alibaba.com at low prices and sell them to customers globally.
Computer technology enables homebased entrepreneurs to dropship from Ali Express and the Oberlo Marketplace. This reduces risks associated with purchasing, shipping and storing inventory.
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