The Indian E-commerce industry has been on an upward growth trajectory and is predicted to surpass the US to become the second largest E-commerce market within the world by 2034. India e-commerce will reach US$ 99 billion by 2024, growing at a 27 per cent CAGR over 2019-24, with grocery and fashion/apparel likely to be the key drivers of incremental growth, How Can ECommerce Help Your Business Proportion Successfully
Why may eCommerce be a lucrative retail medium?
A vast majority of the population prefers checking out products online. It gives them convenience also because of the ability to match pricing. As technology is evolving and recuperating , customers also are expecting brilliant experiences across digital and physical platforms from brands.
Whether you’re venturing into business or getting to grow your brick-and-mortar store, eCommerce selling can benefit your business significantly. Keep in mind that India is one of the fastest-growing country in the e-commerce business between 2018 and 2020.
There would be an estimated 330 million digital buyers within the country by 2020. A number of the recent names for a successful online business are Swiggy and Zomato for food delivery, Grofers and large Basket for grocery, BookMyShow for booking tickets, and OYO and MakeMyTrip for hospitality and travel.
Why you ought to consider eCommerce to proportion your business?
All of these businesses cater to a special niche, and that they all started small. The purpose here is that now’s the proper time to start out an e-commerce business because active internet users in India are increasing by 10 million per month.
With growing internet penetration rate, the eCommerce industry goes to possess a high demand also . So, all you would like to try to do is hire a knowledgeable website designing company and obtain your business started. they’re going to assist you cultivate a definite brand identity with a visually appealing, uncluttered, and functional eCommerce website with the simplest eCommerce themes. This, in turn, will assist you expand your outreach across a wider geography.
Those were the highest seven benefits of eCommerce, and it can indeed take your business to a different level of success. By starting your online business, you’ll stay competitive and reach bent the utmost of your potential customers. It helps you economize on advertisement, staff, inventory management, and so on. beat all, your eCommerce website can grow your business altogether.
* Helps you stay competitive
* Attracts new customers with the web visibility
* Runs 24 x 7 x 365
* Better selling opportunities for niche products
* Saves your money
* Reduced advertising costs
* Minimum staff requirement
* No rent
* Affordable inventory management
* Learn customer’s buying behaviour
* Better ability to focus on and offer personalization
Benefits of an E-commerce Platform
Running an eCommerce store using an eCommerce platform helps you to:
* Sell on a worldwide Scale: employing a single platform to sell products to anyone, anywhere — online together with your eCommerce store, online marketplaces, and social media, and in-person with point of sale.
* Market your Business: Use built-in marketing tools that assist you create, execute, and analyze campaigns on Facebook and Google.
* Manage your Business: Use one dashboard to manage orders, shipping, and payments anywhere you go. Use insights provided to grow your business.
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