eCommerce Insights is booming and there is no reason to be left behind, regardless of the size of your business. With the advancement of technology, e-commerce has revolutionized. Mobile commerce, internet banking, internet marketing, data interchange and everything which uses internet for data exchange or any sort of payment come under e-commerce.
Conservative estimates put e-commerce growth at 13% every year. Considering this growth, one can conclude that eCommerce Insights market doubles in every 5 years. And the obvious reason behind such a growth is exponential growth in internet users. Everything is going online because everyone is going online.
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eCommerce Insights Factors for Online Merchants
1. Impact on market and retailers
E-commerce provides a huge platform to the retailers to sell their goods and services as well. E-commerce sites like shopclues provide an open ground to sell things with them. So, in the today’s world if you have quality products or services then you need not invest in real brick and mortar showroom, you have a trendy and hot option of selling goods online because everything is online in today’s world.
On the other hand eCommerce Insights induced price competition in the market, because consumer’s ability to search and collect information of any product has increased to ten folds. So, retailers are now compelled to not only provide better quality but also better service to remain firm in the market.
2. Social impact
A few years ago, money transfer was a heavy task, which required a certain procedure. One has to stand in the long queue to wait for his/her turn. But now, money transfer is a cake walk, just a click away. All credit goes to eCommerce Insights.
3. E-commerce- a ripe growth opportunity
Global e-commerce is growing 13% annually, over the past five years. That’s impressive.
And if e-commerce kept on growing with this pace in the coming future, then that day is not far when the whole market will be captured by e-commerce.
Retail expansion is increasingly occurring through various online channels as a favourite way to get into the growth market, build various new brands. It also helps in learning the nature of customers while investing lesser capital as compared to the traditional market. All eCommerce Widgets On Single Platform – ZEPO.
4. The Future
It has already been predicted that by 2022, brick and mortar showrooms will be very little more than showrooms. Instead of loading heavy goods by themselves, consumers prefer to surf their favourite e-commerce site. Simple returns and instant refunds are few other major factors which are attracting more and more customers to join the family of the e-commerce sites.
The race to expand and develop online retail in developing markets has already begun for both the international firms as well as for home-grown retailers.
eCommerce Insights and multichannel integration are becoming hot favourites of all because it takes lesser efforts and capital than the conventional market. It offers tremendous opportunities- that too at potentially lower risk and investment as compared to building bricks-and-mortar stores.
By seeing the present growth of eCommerce Insights we can easily assume that entrepreneurs wisely understand the importance of e-commerce. Hence, that day is not so far when everything will go online.
So now is the time to create an online store choosing the right ecommerce solution
View an infographic on Choosing the Right eCommerce Platform for Your Online Store [Infographic]