Ever since the concept of e-commerce became world-famous back in 2007, it has witnessed a constant surge in its popularity and not only that, it has also witnessed great growth in its sales and profit. Big marketplaces such as Amazon, Flipkart, Ajio, etc, which were already big names in the market have grown even more and independent sellers are also preferring more online selling instead of selling in retail stores. Especially after the wrath of the pandemic hit the world, it was only because of e-commerce platforms that buying and selling were able to take place and ever since that time e-commerce businesses have genuinely grown exceptionally.
Today, we will learn about the vast scope that e-commerce businesses have in store for the future. The technologically efficient time going on in the current era has given new goals and competition to businesses nowadays. If you are a business that would want to take suggestions if or not online selling would be a great option for your business, this article will be of great help to you.
Some Statistics to prove the advances of eCommerce:
Besides the potential eCommerce has got, in recent years post the pandemic, e-commerce businesses have gotten what it never has ever since its introduction happened to the world. The trends and security upgrades have given people a sense of trustability in the e-commerce business which earlier was not there at all.
Other than this, the statistics and research by several brands also claim that e-commerce does have a greatly bright future that has given hope to the current business industry to grow in a sphere that promises profitability and a huge surge in their popularity.
Here are some of the research data given by renowned companies to prove that e-commerce has been an inseparable part of people’s lives:
⦁ According to research, more people shopping from these eCommerce sites shop from their mobile phones.
⦁ Currently, there are more than 776 million internet connections in India only. This makes it easier to buy and sell online.
⦁ According to the data given by Oberlo, there are 2.14 billion global online buyers and its research claims that this number is expected to rise in the future.
⦁ As per Statista’s 2021 data, 70% of all the e-commerce site visitors made it there through mobile phones.
How has e-commerce got its popularity and what it has in store for the future?
eCommerce has a lot of opportunities for the future that would be able to offer you ease, convenience and personalized experience while shopping online. But what are the things that attract a person towards online platforms? Here are some of the reasons why online business is a greater opportunity for us as buyers as well as businesses.
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Let’s you Save Huge Expenses while Window Shopping
An online platform gives you a lot of savings, but how? As a retail business owner, you have got to pay for a huge shop, furniture, electricity, water and other expenses along with packers and movers in Bangalore or any other city that offers storage services to store your bulk products in their warehouses, you have to hire a team who could help you with your business among other important tasks. However, simultaneously with the e-commerce business, all you got to do is store your bulk products at a storage space, pay for a website building, marketing campaigns and fulfilling the orders and the rest can be managed by you and maybe one-two more people who do not supposedly need an experience for the online business.
Fueled by Pandemic
After the pandemic, the sales and the profit evaluation of eCommerce stores fueled like no other platforms. There were many brands to permanently shut their offline stores and moved permanently to online selling after witnessing the difference this technology has brought with it. We are not giving the whole credit to the pandemic, however, people started recognizing e-commerce as a mode of business more than just an untrustable platform.
Offers Ease & Comfortability
Shopping online is a way to shop for endless options from the comfort of your home. You can buy anything you want while you are travelling to your work, a half hour before sleeping and in any situation. With just a few clicks, you can shop through e-commerce stores. Isn’t it comforting and easy?
Any business, requires time, expenses and support to grow with the trends but when it comes to eCommerce businesses, it does offer more than what other business opportunities can ever offer. This is more or less what gives more scope for growth to the eCommerce business. Keep following us for more information.
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About the Author
This article is curated by Prisha Goyal, a content marketer with not only years of work experience but with creativity and dedication. I love writing content, clicking photographs and reading books. I write content related to several beats such as digital marketing, lifestyle, packers and movers, shifting, health, home improvement, fashion, etc.