Among advertisements for e-commerce websites, online businesses and retailers to the number of online marketplaces, using the internet today, it’s pretty hard to ignore the fact that online shopping is booming.
Online businesses are performing strongly around the world and the sector is continuing to grow.
In Europe, Eurostat figures show 92% of EU households have internet access a jump of 20% in a decade. And people are addicted – 80% of adults use the internet every day for watching TV and movies, social media, and spending money.
This will not come as a surprise, as so many of us have come to rely heavily on the internet in our lives.
Indeed, the Covid-19 pandemic saw our reliance on the internet increase exponentially, providing opportunities for remote working in a wide range of business sectors and industries. This offered many of us new ways to stay connected and productive.
Consequently, internet franchises have emerged as a key part of one of Europe’s most thriving business sectors, offering a comprehensive range of services, such as:
Indeed, people across Europe have become reliant on internet franchises - providing solutions to an abundance of work, retail, and leisure needs.
Consequently, Europe is a hub of internet franchise opportunities for business enthusiasts who are thinking about becoming their own boss and seek the flexibility and freedom afforded by running an online business franchise.
In 2020, while other industries saw declines due to the Covid-19 pandemic, online businesses flourished as the industry experienced exponential growth.
Ecommerce was growing fast before Covid-19 hit but the pandemic drove more consumers online and pushed more people to spend more money online, and with greater frequency.
In Ireland for example, almost two in three consumers purchased more online in 2020/2021, than the years previously. This trend was reflected across Europe in 2021 where 66% of adults ordered or bought goods or services over the internet, an increase of 15% when compared with 2016.
Online business has momentum behind it and the demand to do business online will only increase.
There are different factors that will determine the rate of growth for online business, such as such as internet access, economy, cost of living, supply, demand, transportation availability and technological advancement - making it a dynamic industry.
Online business franchises consist of different services, including business consultation, food delivery, home services, digital marketing, Ecommerce, dating and much more. All these fields produce a raft of online franchise opportunities for business-minded individuals. So, entrepreneurs who are seeking an incredible return on investment, would be perfectly matched with them.
Europe is a leader in internet access at a global level. So, people living in Europe having great access to the internet is brilliant news for online businesses and online franchises – your potential or existing customers or clients are only a fingertip away.
People are online more and more nowadays, be that at work of at home or on the go through the smartphone or tablet. Smartphone ownership is expected to reach 78% in Europe in 2022, meaning even more people will be online, more often and for longer – this continuing trend will play a vital role in determining progress of internet business.
Covid-19 revealed the importance of online business to Europe and as life has returned to normal, online businesses continue to be popular. This is a reflection of the change in people’s attitudes and habits, and of the successful pivot of many businesses in embracing the digital world. Purchasing goods or doing business online is convenient and offers flexibility that so many of us have come to enjoy.
Ultimately, online and internet franchises project a reliable business choice for individuals who want to start this franchise in Europe.
Franchising is often cited as the common-sense path to being your own boss because of the variety of benefits on offer when you invest in a franchise.
When you select your online franchise business, among other benefits, you’ll receive:
Investing in an online franchise is also an investment in yourself. Most parent companies provide excellent training opportunities to help maximise your earning potential and make sure you’re able to preserve the reputation of the internet franchise.
This means that you’ll have the know-how that your future customers will come to rely upon.
Additionally, many parent companies provide essential HR support services, helping safeguard that your new business complies with a variety of complicated business, financial, and employment regulations. This service alone is priceless because complex compliance issues keep many independent business owners awake at night – and you will be free to concentrate on making your online franchise business a success.
Starting an online franchise has never been as easy a decision as it is now because of its potential and lucrative outcomes. There are plenty of web-based franchise opportunities in Europe, but you will need some proper guidelines. Therefore, we are here to help you on every step while heading to launch an online business franchise.