The popularity of e-commerce websites is on the rise. Gone are the days, when people used to travel to the retail store to make purchases. Today in the digital age with worldwide internet connectivity, consumers shop more from e-commerce websites as it saves time and is convenient. With products delivered right at their doorstep and showering of exciting discounts now and then, more and more e-commerce businesses are coming up front to establish their market presence.
E-commerce Change the game:
- Direct consumer secured marketing
- Secure Online Transactions
- User Accounts for Tracking the market behavior
- Helps Consumers to compare the products
- Provide the Precise inventories to customers
Focal points of Ecommerce
- 15% more people will shop online, taking the number to ‘192 million in USA
- 71% of Shoppers believe they’ll get a better deal online than in stores.
- Consumers spend between $1,200 to $1,300 on online shopping per year.
- E-retail will grow to 9% in 2016 up to 7% today.
Appealing Market Shares forecasted revenues.
- USA : 384.5 Billion
- Germany : 53 Billion
- UK : 141.53 Billion
- Japan : 140.35 Billion
- China: 181.62 Billion
Dominant Five USA
- amazon.com MASS MERCHANT Online Sales: $34.2 Billion, Growth: 39.5%
- STAPLES OFFICE SUPPLIES Online Sales: $10.2 Billion, Growth: 4.1%
- DELL Computers/Electronics Online Sales: $4.8 Billion, Growth: 6.0%
- Apple COMPUTERS/ELECTRONIC COMPUTERS/ELECTRONIC Online Sales: $5.2 Billion, Growth: 23.0%
- OFFICE DEPOT OFFICE SUPPLIES Online Sales: $4.1 Billion, Growth:0.0%
AFTER BEFORE Evolution of commerce industry
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- Physical presence is out of the question in ecommerce
- Ecommerce is usually much cheaper than maintaining a physical store
- Products can be promoted and auctioned globally using the online channel
Get the business streamlined Go for gold
CONTENT MANAGEMENT
Publish clean and clear contents to impress customers Categorize the products and provide the descriptions Acquire permits before publishing the other brands content.
PRICING
Integrate currency convertors to deal with global consumers Provide competitive pricing, to attract the buyers Explore the opportunities to avail discounts for customers Create a loyal base of customers with genuine pricing details.
INVENTORY MANAGEMENT
Coordinate your stock management and website to provide live updates for online commuters
Create a best online store to enhance the stock feed and auction
PAYMENT GATEWAY Build solid layers to ensure safe online transactions Establish alternate ways to conclude the payment process, use pay options such as PayPal and Google Wallet.
RETURNS & EXCHANGES
Facilitate returns and exchange of products like traditional business Gain the confidence by showcasing the products features using digital footprint.
