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Whether you’re scouring the internet for a pre-loved camera or craving a caramelized latte post a mentally taxing meeting, the technological surge of the 21st century has turned virtually anything you desire into a possibility with just a swipe and a click. Online spending, akin to brushing our teeth or waking up with designer eye bags for work, has become almost obligatory in our daily lives. This is particularly true as a massive wave of online retailers inundates the world wide web each day.
E-Commerce has not only elevated convenience to unprecedented heights but has also emerged as a tool empowering struggling small businesses and fostering opportunities for greater innovation among the younger generation.
With its sudden surge in dominating the retail landscape, the intensely competitive nature of E-Commerce demands serious attention. Brands, regardless of size, find themselves in fierce competition, breaking free from the confines of physical borders. The ubiquity of mobile phones adds to its allure, expanding the potential of this market. If you’ve ever wondered about the future of E-Commerce, one thing is certain—it’s bright, so dazzling that you might need a pair of shades to brace yourself for it!
Channels Used in Performance Marketing
While electronic shopping shares its downsides, akin to any other phenomenon in life, where you could potentially be a victim of events like impulse buying, credit card frauds, encountering fake websites, or receiving less than what you paid for, a moment of reflection reveals that the benefits undeniably outweigh the associated risks. If you’re not in the mood to let your brain cells ponder, read on for some mind-boggling facts on how E-Commerce is revolutionizing numerous industries and emerging as a crucial tool for businesses globally.
- Cost-Efficiency:
Enables businesses to make a greater impact with fewer expenses, a remarkable scenario where you gain more than you spend. - Data Collection and Analysis:
Allows businesses to collect data on target customers, analyze trends, and understand patterns, providing valuable insights into customer needs. - Brand Enhancement:
Enhances brand image through interesting blogs, flashy ads, and engaging website content that lingers in the minds of consumers. - Cost Reduction:
Drastically cuts down costs by eliminating expenses related to rental spaces and various electricity-related overheads. - Global Expansion:
Facilitates global expansion, allowing businesses to reach customers in every corner of the world. - 24/7 Availability:
Operates 24/7, 365 days a year, ensuring continuous accessibility for customers.
The list goes on, and considering the recent challenges posed by the pandemic and social distancing measures, consumer spending habits have been significantly disrupted. However, this has propelled E-Commerce in a highly positive direction. The buying habits people have adopted are unlikely to suddenly change, as this is now considered the ‘new normal.’ This shift has prompted businesses, whether emerging or mature, to strategically pivot and prioritize online marketing opportunities. In fact, many retailers with a robust E-Commerce platform have witnessed digital purchases replacing in-store sales. In terms of figures, most countries are projected to experience over 20% growth in online retail this year alone.
E-Commerce Trends from January 2020 to April 2020 (COVID-19)
Well, it’s hardly surprising, given what a rollercoaster 2020 turned out to be! The myriad opportunities presented by e-commerce to businesses, irrespective of size, are beyond measure. From marketing and increased sales to brand awareness and convenience, in the evolving global economy, e-commerce has undeniably become an indispensable tool for business strategy. It seamlessly aligns a convenient and connected experience with customers.
E-Commerce share of total global retail sales from 2015 to 2023
As per an authenticate survey retail E-Commerce sales ratio from 2014 to 2020 will be hike around 200% according to the above graph
Cheers to elevating your online presence with TecRocket Space! During the digital revolution, securing a prominent space on the internet is imperative for your business. If you haven’t done so yet, we hope you’re committed to ensuring that your website not only secures a space but truly excels in its online presence!
Affordability? On-time Delivery? Reliability?
We excel in all these aspects!
Effective SEO strategies, high-end graphic designs, logos, and visual presentations are crucial for capturing the attention your website deserves. The TecRocket Space team guarantees to generate the hype and branding your business deserves by optimizing these invaluable tools! To ensure the continuous improvement of your website, we also cater to all your after-sales service needs and enhance it with a FREE SSL (https://) certificate with TRS Hosting! If you’re still wondering what more a website can ask for, read on for the features included in ALL OUR websites:
- Mobile Responsiveness
- Live Chat Integration
- Google Analytics
- Admin Panel
- New Products Showcase
- Featured Products Showcase
- Coupons/Discounts
- Sale Products
- Printable Invoice
- Email Notifications
- Order Notification on Mobile (iOS/Android)
- Website Firewall
- Social Media Integration
- Basic Search Engine Optimization Setup
- Facebook Shop Integration
- Search Engine Submission
- Product Listing
- Daily Backup
- Internet Payment Gateway (Optional)
- SMS Notifications (Optional)
- Lifetime Support
Your website succeeded, is our mission achieved.
Request a Quotation or Call Us to gear up and join forces with us, and we’ll help your website skyrocket to Cyberspace making sure to nail its presence with TecRocket Space!
