In recent years, the technology industry has not only become increasingly powerful, but also increasingly accessible to potential entrepreneurs.
With almost everything you need to start a business now available via the Internet, it’s easier than ever to turn your great idea into an even greater reality without spending a lot of your own money.
So if you are starting your first business and looking for advice on business creation made easyyou also want to spend time reading about technology.
Here are six ways technology is helping business dreams come true every day, from AI content generation to drones that make deliveries faster than you can drive them yourself.
Simplify warehouse management
There is an estimate 24 million e-commerce sites around the world, and every year new e-commerce companies are created. The ability to generate quick profits with an e-commerce model attracts new entrepreneurs daily. Not all businesses choose to focus entirely on e-commerce, as it can be an extension of existing services for many. Yet when it comes to comparing online and offline retail, e-commerce can drive higher sales at a lower operational cost because customers can shop any time of day or night without need to go to a store.
Yet many budding entrepreneurs struggle with warehouse management. Indeed, warehouses are a frequent source of increased costs through:
- injuries and accidents
- product damage
This is where robotics expert 6 River Systems made waves by revealing new characteristics of the robotic system for warehousing that can address some of the most pressing warehousing challenges. With tools that can improve execution speed and support warehouse operators, it makes sense to introduce robotic solutions into the warehouse.
AI content generation for websites
Content is king, whatever your industry. But writing good content that gets people to come to your website is no easy task. This can take time if you have a small team or are a solo entrepreneur. Although outsourcing is an option, it can increase your costs.
AI content is a great 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 took weeks or even months for a team of writers to create the same amount of content that an AI tool can produce in no time. Also, with AI content, there is no risk of plagiarism because each sentence is completely unique.
One of the best parts of AI content is that it doesn’t require specific instructions, which makes it ideal for new entrepreneurs who want to quickly expand their presence. All you have to do is upload your existing website and watch the AI tool of your choice write hundreds of pages of new material in minutes.
Another advantage? You’ll never have to worry about writer’s block with AI on your side! 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
- Creation of blog articles on the latest trends (you can enter the keywords you want to target)
- Build converting and powerful content based on insights extracted from hundreds of sources and data
AI recommendations for e-commerce buyers
AI product recommendations can be a great tool for e-commerce businesses. Indeed, they are personalized and provide customers with targeted recommendations. Recommendations are made by analyzing the user’s search history, browsing habits and past purchases.
AI product recommendations have been proven in many companies, such as Amazon, Walmart, eBay and others. Additionally, retailers who use AI for their product recommendations have seen a significant increase of up to 40% in conversions.
In conclusion, the AI product recommendation solution is a great tool for companies with an online store because it can provide suggestions that are:
- Based on the demographics and digital behavior of each user
- Tailored to their unique needs at the time of visit
- Continuous evolution and learning
- Able to identify trends and changes in demand
This can serve many purposes for new entrepreneurs, especially when it comes to maximizing gains while minimizing costs. The cost of remarketing and advertising to achieve the same level of conversion based on AI recommendations usually falls outside the budget range of new entrepreneurs.
AR for an immersive product comparison
AR technology can partner 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 committing to purchase. IKEA has introduced AR technology in its catalog and website to help customers visualize furniture in their own homes. While the tool won’t provide exact in-situ measurements, it can certainly give an accurate assessment of the look and feel of individual elements inside a room.
For entrepreneurs launching their presence and products, an AR solution can help create an immersive environment where potential customers are encouraged to experience products before buying, thereby building trust.
Drone for local deliveries
Did you know drones can deliver items locally in as little as 15 minutes? With the help of a drone, your business could become more convenient for your customers and save your time. This is the perfect opportunity to leverage qCommerce (quick commerce) and target customers within your geographic radius.
As drones have proven safe for use in the United States, more and more entrepreneurs are exploring this option to gain a competitive advantage.
A bot to talk to
Being able to respond to customer requests and questions is a difficult task. Digital technology encourages users to visit your website any time of the day or night. Chatbots are often seen as a marketing tool and can provide a service like customer support or content curation even after business hours.
Chatbots are playing a major role in the new wave of entrepreneurship.
Indeed, an important aspect of chatbots is the ability to build a business with a limited staff. A bot can be created in minutes and used on any platform and on any device, so entrepreneurs don’t need to invest in expensive infrastructure or worry about staffing in staff.
In conclusion, involvement in technology is creating a new style of tech-savvy, customer-focused entrepreneurs. Using technology as a way to reduce your costs and increase customer satisfaction is the concept of solo entrepreneur 2.0.