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

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 pr...
3 comments
Read more

Why Is NectaCart Best for Your Ecommerce Store Development?

By
  Building an Ecommerce store that generates millions of dollars in revenue is the dream, which every individual or offline business looking to go online sees. The dream is great, but the reality is different. There are a lot of things associated with engineering an online presence. The first decision that business owners need to make- Ecommerce platform selection . The selection is a little difficult because of the myriad options available in the market. Out of all, the leading players consider NectaCart as the best alternative to date to build a single-vendor and multivendor marketplace. Of course, as a B2B or B2C business owner, you need reasons when opting for NectaCart platform. Ecommerce App Development Company The team behind NectaCart aimed to build a solution that meets the needs of start-ups, SMBs, and large enterprises of various industry verticals. Take a look at the reasons to choose NectaCart. Let’s dive in! One-size fits all solution NectaCart is a perfect fit for bu...
2 comments
Read more

Top 10 e-commerce sites in the US 2020

By
  The world’s most developed market for online shopping by far, the US is the global standard for e-commerce. Many of its greatest e-commerce companies are in a leading position in other countries, setting the pace and creating the trends that shape the rest of the world’s online shopping. The domination of the US on internet and e-commerce comes from its massive 288 million internet users, affluent population and well-spread habit of relying upon online shopping. Using both computers and mobile devices to access digital services, American online consumers are used to engaging in commercial transactions to purchase a wide array of goods and services. Since the American market is so developed and solvable, it is no surprise that the competition between e-commerce players is fierce. Large platforms that operate through many segments, like Amazon and eBay, are dominating, but traditional brick-and-mortar distributors are still managing to take a share of the market. However, some spac...
Post a Comment
Read more