The growing influence of social media and upcoming progress in e-commerce has given way to many small businesses. While sophisticated management has enabled numerous opportunities for budding entrepreneurs we cannot overlook the ramifications of initiating a business online. One of the reports claimed that 95% of retail purchases would take place on various online marketplaces by 2040. It is expected that the eCommerce market will grow and surpass $1 trillion in valuation. The recent upsurge in the market has been credited to the global pandemic. Therefore it is evident that a global crisis sowed the seeds of a major revolution in the e-commerce sector.
Marcus Pereira is a 17-years-old Australian entrepreneur. In the wake of the pandemic, when the majority of us were at home, this teenage business prodigy decided to explore the e-commerce arena. His business module is based on the popular idea called dropshipping. Though the concept lies on the conventional side, with exceptionally competitive marketers, Marcus built his brand name by introducing advanced procedures into his business.
Apart from searching for cost-friendly products from retailers and listing them on his store at a marked-up price, he also engages in a series of activities that assures growth.
Apart from searching for cost-friendly products from retailers and listing them on his store at a marked-up price, he also engages in a series of activities that assures growth. Identifying the seasonal demands of the market, analyzing the proper sales technique, upgrading to a strategic shipping system and many more have contributed towards realizing his profit goals.
Marcus came across a youtube video that helped him initiate the knowledge acquisition stage of his plan. Soon, as his inclination towards the same grew, he decided to pursue it. He worked relentlessly to understand all the necessary stages of dropshipping through online platforms. In early 2019, he launched his first dropshi[ping store and commenced his operation.
Since the inception of his business, he has successfully amassed $1,000,000 in revenue, which led to a popular expansion to his brand name ‘Marcus Pereira’ by noticeable growth on various social media platforms and getting featured in news outlets. From an early age, he yearned for financial freedom. While he wanted to realize all his professional goals, he didn't want to strangle himself in the cycle of a 9-5 job which hindered his professional and personal growth. As he started earning, he took to investing to instigate broadening his financial resources. When asked about his future prospects, Marcus said he wants to continue building income streams and achieve financial freedom. Moreover, he is planning to start entering the real estate market to secure monetary expectations.