Skip to main content

The Role of E-commerce Website In Today's Business(update Oct 2020)

By



Nowadays, a prodigious number of internet users are increasing day by day. Even saying that father/mother first goes to the internet to search for the essentials and other items for a newborn baby is not a hyperbole.

Yes, you get it right. Here, we are talking about the Ecommerce web store.

Presently, e-commerce is a hot topic across the world. Increasingly, the brick-and-mortar stores are warmly embracing digitization to take their offerings to the internet. In the next few decades, the trend is showing no sign to get slow down.

A couple of statistics speaking the same:

  • The digital buyers would grow to 2.14 billion by the year 2021, that’s nearly 25% of the world’s population.

  • Ecommerce sales are expected to account for 15.5 percent of retail sales by 2020.

  • It’s projected that 95% of all purchases are made through eCommerce by 2040.

  • The #1 reason people shop online is that they’re able to shop at all hours of the day.

  • Around 57% of the users using a mobile retail app to find retail product information.

  • Revenue in the eCommerce market is projected to reach $2,411,638 million in 2020.

  • The user penetration is 46.6% in 2020 and is expected to hit 60.3% by 2024.

Hope the statistics are enough to convince you of the bright future of Ecommerce. Still, need more reasons to confirm that your business urgently needs an Ecommerce store? If so, let’s dig deeper.

Why You’re Business Need An E-Commerce Website or App ?

Whatever your business is? But, when we look at the figures, 70 % of businesses have digitized their business with e-commerce to rapidly increase their sales. Of course, if the purchasing process is easy and user-friendly then consumers are more willing to purchase.

  • Increase market outreach

  • No time restriction

  • Low upfront cost

  • Get an edge competition in Ecommerce

  • Improve Ecommerce Website traffic

  • Adds flexibility

  • Earn more

Ecommerce product selling is not the only source of income for a retail store. Instead, there are enormous opportunities to earn a predicted amount of $100000 a year by Google Adsense where you can oversell an Ad at your portal if your portal generates massive traffic.

Read more : Role of E-commerce Website In Today

E-COMMERCE WEBSITE developments. Truck Booking App development company, Taxi Dispatch Solution, Corporate Carpooling app solution 

 

ecommerce technology stack,  ecommerce app solution, multi vendor ecommerce platform in canada

 
Labels:

Comments

  1. bispendrabrsoftech13 January 2022 at 04:00

    Yes, eCommerce product selling is not the only source of income. There are enormous opportunities of source of income.

    Online Shopping App Development Company

    ReplyDelete

Post a Comment

Popular posts from this blog

Top 10 e-commerce sites in Australia 2020

By
  Australia holds a place as the  10th largest e-commerce  market in the world by revenue. This is thanks, in part, to Australia is home to a wealthy population within which there is a significant internet penetration; 21 million of the country’s 25 million inhabitants access the internet.  Seventy-three percent  of which are said to have made purchases online during 2020.  In a  report completed by Australia Post  —  the company responsible for delivering all of the e-commerce goods across the country — it was found that between 2017 and 2018 Australia’s total e-commerce revenue was AUD $27.5 billion, and it’s growing by 20.2 percent year on year.  For perspective, retail is only growing at 6 percent each year. At present, e-commerce makes up 10 percent of the total retail revenue.  The top categories securing the purchases from Australian consumers are:  Variety stores – 35.6 percent Fashion – 27 percent Homeware and appliances – 11.5 percent  What’s interesting about the Australian
Post a Comment
Read more

How Much Does an eCommerce Website Cost? [2020 Edition]

By
  Before the recent events caused by Covid-19, when the whole world essentially shut down, we all knew that eCommerce was the next primary type of business. What the pandemic has done is only quickened the pace of something inevitable. For the past few months, Rakuten intelligence’s data suggests that eCommerce businesses have seen a huge increase in their demand. Backed by the need of the consumer market, these businesses have made the most of the times when people’s needs are dire. However, while it may sound like it is all caused by Covid19, the recent success of eCommerce was years in the making. That is why today we are going to look at the core of an eCommerce business. The force that drives it forward and the one particular thing that makes it distinguishable, an eCommerce website development . That is why many businesses these days are jumping on this trend looking to find sure footing in the online world. They are finding ways day and night to establish a viable online presen
2 comments
Read more

A step-by-step guide to build an on-demand courier delivery application

By
  Bingo! The on-demand courier delivery apps have simplified the way the courier companies operate and meet the logistics needs of the Ecommerce stores . Besides, it helps courier start-ups to play a catch up with big fishes in the pond. Let’s see the different types of on-demand courier delivery applications that meet the instant delivery challenges experienced by Ecommerce web stores .   The business models for on-demand courier delivery application Postal and courier service app Package tracking aggregators Branded delivery solutions Uber-like marketplace How much does it cost to build the courier delivery application? You can either hire an in-house team or outsource the development task to the service provider to get the on-demand courier delivery app developed. The location of the development partner, UI/UX design complexity, features set, tech stack, and the number of platforms play a vital role in scaling up or scaling down the app development cost. Building the app from scrat
1 comment
Read more