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

 

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

ecommerce technology stack,  ecommerce app solution, multi-vendor ecommerce platform in Canada