Technology makes it easier than ever to become an entrepreneur

In recent years, the technology industry has not only become increasingly powerful, but also increasingly accessible to budding entrepreneurs.

With almost everything you need to start a business now available over the internet, it’s easier than ever to turn your great idea into an even greater reality without spending much of your own money.

So if you’re in the process of starting your first business and researching tips on how to start a business, you’ll also want to spend some time learning about technology.

Here are six ways technology is making entrepreneurial dreams come true every day, from AI content generation to drones making deliveries faster than you can drive yourself.

Simplify inventory management

There are an estimated 24 million ecommerce sites around the world and new ecommerce businesses are launched every year. The opportunity to make quick profits with an e-commerce model is attracting new entrepreneurs every day. Not all businesses focus solely on e-commerce, as for many it can be an extension of existing services. However, when comparing online and offline retail, e-commerce can generate higher sales with lower operational costs because customers can shop any time of the day or night without having to visit a store.

Yet many aspiring entrepreneurs face challenges when it comes to inventory management. In fact, warehouses are a common source of increased costs due to:

  • injuries and accidents
  • delays
  • damage to products

This is where Expert Robotic 6 River Systems has made waves by unveiling new warehousing robotic system capabilities that can handle some of the most pressing warehousing challenges. With tools that can increase fulfillment speed and support warehouse operators, it makes sense to bring robotic solutions into the warehouse.

Generation of AI content for websites

Content is king, regardless of your industry. But writing good content that will make people come to your site is no easy task. It can be time consuming if you have a small team or are a sole proprietor. While outsourcing is an option, it can add to your costs.

AI content is a good place to start if you’re feeling overwhelmed. If your website needs new content, a professional AI tool can generate it for you in minutes. In the past, it would take a team of writers weeks or even months to create the same amount of content that an artificial intelligence tool can produce in the shortest amount of time. Also, with AI content, there is no risk of plagiarism as each sentence is absolutely unique.

One of the best aspects of AI content is that it doesn’t require specific instructions, making it ideal for new entrepreneurs looking to quickly grow their presence. All you have to do is upload your existing website and watch your AI tool of choice write hundreds of pages of new material in minutes.

Another advantage? With AI by your side, you don’t have to worry about writer’s block! With an AI writing solution, you can easily tackle a lot of more problematic content, such as:

  • Writing ads for Google Adwords or other paid placements
  • Creating blog articles about the latest trends (you can put in the keywords you want to target)
  • Creating converting and high-performing content based on knowledge extracted from hundreds of sources and data

AI recommendations for ecommerce buyers

AI product recommendations can be a great tool for ecommerce businesses. Because they are personalized and give customers specific recommendations. The recommendations are made by analyzing the user’s search history, browsing habits and past purchases.

AI product recommendations have proven successful in many companies such as Amazon, Walmart, eBay and others. Additionally, retailers using AI for their product recommendations have seen a significant increase in conversions of up to 40 percent.

In summary, the AI ​​product recommendation solution is a great tool for businesses with an online storefront as it can suggest:

  • Based on each user’s demographics and digital behavior
  • Tailored to their individual needs at the time of the visit
  • Continuously develop and learn
  • Able to identify trends and changes in demand

This can serve multiple purposes for new entrepreneurs, especially when it comes to maximizing profits while minimizing costs. The cost of remarketing and advertising to achieve the same level of conversions powered by AI recommendations is typically out of the budget range of new entrepreneurs.

AR for immersive product comparison

AR technology can be coupled with the shopping experience to allow consumers to try products before they buy. This saves customers time and money by giving them the opportunity to explore different aspects of a product before deciding to buy it. IKEA introduced AR technology to its catalog and website to help customers visualize furniture in their own homes. While the tool doesn’t provide accurate on-site measurements, it can certainly give an accurate assessment of how individual items in a room can look and feel.

For entrepreneurs launching their presence and products, an AR solution can help create an immersive environment that encourages potential customers to experience the products before they buy, thereby building trust.

Drone for local deliveries

Did you know that drones can deliver items on site in as little as 15 minutes? With the help of a drone, your business could become more convenient for your customers and save you time. This is a perfect opportunity to tap into qCommerce (quick trade) and target customers in your geographic area.

As drones have proven safe to use in the United States, more and more entrepreneurs are exploring this option to gain a competitive edge.

A bot to talk to

Being able to answer customer inquiries and questions is a difficult task. Digital technology encourages users to visit your website at any time of the day or night. Chatbots are often viewed as a marketing tool and can also provide a service such as customer support or content maintenance outside of business hours.

Chatbots play an important role in the new wave of entrepreneurship.

In fact, an important aspect of chatbots is the ability to start a business with limited staff. A bot can be created in minutes and used on any platform and device, so entrepreneurs don’t have to invest in expensive infrastructure or worry about staff.

In summary, technology ownership is creating a new style of entrepreneur who is tech-savvy and customer-centric. Using technology as a way to keep your costs down and increase customer satisfaction is the concept of sole proprietorship 2.0.

Main image of Adetola Afolabi on Unsplash

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