LIMASSOL, Cyprus, September 16, 2010 /PRNewswire/ -- In the last few months, we have seen some major international retailers take their offerings online: Zara launched their online store in early September, Gap Inc announced in August plans of expansion of its online operations to an additional 65 countries by the end of 2010 while Domino most recently reveled that 25% of its business came from their online ordering.
The release of these details by Dominos and the move by Zara and Gap Inc come as no surprise, as the e-commerce industry is expected to grow to a massive US$550 Billion in 2010. Even during the recent recession and banking crisis worldwide, e-commerce still continued to grow, something that was not experienced by many industries.
This trend can be seen by retailers that are closing their brick and mortar stores to focus entirely on online retail. Large companies doing this include Discovery and Circuit City. Although these are big names, there are many other smaller brick and mortar stores closing their offline operations to focus entirely on online retail.
Why are many companies starting to shift their focus? James Weaver, head of E-Commerce for the DeltaQuest Group commented: Online retail is growing and will continue to grow, as you can target far more customers, cut costs and reduce your advertising spending. He continues: These factors are major reasons to start an online business, as you can effectively run it out of your garage.
To start your own online business all you really need is a product, a company, a bank account and a merchant processing account. Because of the global reach of the internet, you can target customers anywhere at any time, and this allows you to use offshore companies and banking to operate your e-commerce business from.
With an effective mix of an offshore company, offshore bank account and international merchant account, you will be able to grow your online business easily, and the tax savings that you make will allow you to re-invest in your online store, giving you the potential to grow you business.
Offshore companies allow you to register a company in a jurisdiction that offers you low or zero taxation. To learn more about offshore companies and how they can help take you business online, take a look at http://www.myoffshorecompanies.com
Offshore bank accounts allow you to make and receive payments worldwide, allowing you to pay your suppliers and collect fund from your customers all into one account. To learn more about offshore bank accounts and how to use them for e-commerce, take a look at http://www.myoffshoreaccounts.com
International merchant accounts allow you to accept payments from customers worldwide, allowing you to target customers in multiple countries. To learn out more about setting up an international merchant account, take a look at http://www.mypaymentsolutions.com
About DeltaQuest Group
DeltaQuest Group was established in 1998 by a group of successful individuals with many years of experience in different fields of business life: law, accounting, banking, commodities trading and shipping. Today DeltaQuest Group is one of the most dynamic consultancy and legal services firms employing over 250 employees and having network of representations and offices in 58 countries.
Media Contact:
James Weaver, head of E-Commerce Tel. +357-25-878480, e-mail: marketing@deltaquestgroup.com
SOURCE: DeltaQuest Group
CONTACT: Media Contact: James Weaver, head of E-Commerce Tel.+357-25-878480, e-mail:marketing@deltaquestgroup.com
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