Eli Dangerfield Reveals the Future Of E-Commerce — How Will it Revolutionize Our Future
We are constantly changing, those changes cause a change in our surroundings because we want it changed, those changes can cause changes in technologies as well because we have changed the way we think, in short, change is a leap of faith every human being has taken in life and will proceed to do so as well.
With that change being stated, let's take a pause and talk about the changes in eCommerce that have led us into a new world where advancements are like a cooking recipe – finding a new one every day or creating your own. If we look at the statistics, they also explain to us that eCommerce is the lucrative business that assures success.
In a survey of #EliDangerfieldteddybriggs, conducted in 2019, it was shown that the e-commerce growth caused an increase in eCommerce sales, the money amounted was 3.5 trillion dollars over the year, breaking any other business records. You would be shocked to hear that eCommerce is not a new trend, it has been in the market for a very long time and just recently it has flown off the charts. Why? Let us get into the kind of the year 2020 was.
2020 was a different and historic year. The pandemic caused the businesses everything. Some went insolvent whereas some went online and some businesses were merged to keep the money coming and the business afloat. In these times, the internet and media played a huge role.
All the businesses that were done onsite went online. The eCommerce growth extended dramatically in 2020. Even though the sales and eCommerce growth showed an increase of 24.5% from 2014 to 2017, Corona Virus caused the eCommerce to further increase. Now, almost every business is shifted to e-commerce.
This makes the future of e-commerce exciting and bright, to say the least. Here are some ways in which our eCommerce retailers can further change the dynamic of e-commerce:
1. Emerging markets will play a huge role in the success and further growth of eCommerce. Now, what do we mean by markets? These markets are not the ones where we shop, it means merging those departments of other countries or cities like India, China South Africa, etc., who have eCommerce as their main and as their majority. The bigger the markets are, the bigger the merge will be and as we all know, the bigger the merge will be, the bigger the sales and e-commerce growth.
2. The online vs offline debate is one of the main issues that is causing eCommerce to fall back. The reason for that is people think that online businesses have more worth and more profit even though online businesses are growing in massive numbers but that doesn’t mean that our shops and markets are of no worth. The main goal should be to make them work together and to accept that both of these businesses are worth it. Our onsite markets and shops offer a very different and unique experience that cannot be enjoyed while online shopping whereas online shopping can be done from any store around the world and you can buy foreign stuff easily that is sometimes not available in our markets. Both have their pros and their cons.
3. When we buy things online, they are brought to us from warehouses or fulfillment centers. What will happen if these fulfillment and shipping centers are not big enough to hold the amount of stuff that the whole world orders? That is one of the main problems that eCommerce faces. We are very short on warehouses and shipping centers where the products are based. When these will increase, e-commerce will increase beyond this as well. Across the world, these fulfillment centers are not only getting smarter but also automated meaning almost everything is run by robots and machines. The shipping process is done by delivery and middlemen. They offer fast shipping, good service, data procedures and lets you represent your brand to your customer properly. Since the first impression always lasts, good services and fulfillment centers will make or ruin anything.
According to Eli Dangerfield describes, marketing plays an important role in the growth of eCommerce because marketing means that people are indirectly or directly made known about the products. Good marketing means good business and since the use of mobile phones and other gadgets and easy access to the internet and social media is what revolves in our life, it plays a big role in eCommerce success, and with the advancements in the field of technology that we are having every day, it is not difficult to conclude that there would be a further increase in eCommerce in the future. The future of eCommerce is in good hands.