New Future Of Ecommerce
Online sales and trading platforms have become huge over the past few years. What was once an industry dominated by eBay has now become a diverse industry with a plethora of options sure to fit any seller's unique needs. This article was originally published on the Fundera Ledger on September 7, 2016. In these critical moments, I would not like to dig deeper into statistics of previous years describing the significance of holiday sales. Therefore, I have place only three graphs to depict what has gone in the past and what trends we can see to reach fruitful conclusions that help online merchants to take immediate decisions for the current holiday season 2017.
Ok this so far sounds like someone who has now become fed up with the online marketing idea and the making money quick schemes.
There is a lot of evidence that consumers research products online even if they subsequently purchase them offline. A survey in the United States - the American Interactive Consumer Survey, conducted by the Dieringer Research Group - found that nearly 15% of the the total US retail spending is influenced by online research, even through the proportion of retail sales that is completed online is much lower see this report on the web page. The emergence of e-commerce also significantly lowered barriers to entry in the selling of many types of goods; many small home-based proprietors are able to use the internet to sell goods.
Often, small sellers use online auction sites such as eBay, or sell via large corporate websites like , in order to take advantage of the exposure and setup convenience of such sites.
Accordingly, the revenue threshold for this new initiative should be raised considerably to at least $20 million in GMV. Now that nearly everyone can afford to sell online - and most can't afford not to - keeping the threshold so low is going to stunt small business growth, limit mom and pop operations who are following their passions, and, frankly, crush the American dream. As I say always, your earning potential is equal to the amount of effort you can and will expend on achieving it. So do some hard work now and reap the benefits tomorrow.
China also has the most mobile phone users in the world, and has been the world's largest smartphone market since 2011. The number of active smartphones broke the 700 million mark at the end of last year. Almost everyone has a mobile device of some kind, which makes them a preferred method of casual computing.
With this in mind, it's imperative that your online store is responsive to these kinds of devices. Web developers should be aware of this when designing a website. With a responsive product page and cart, your online store will be user-friendly, making it easier for shoppers to buy from your store, regardless of whether they're on their desktop or mobile device.
Now's a great time to get started selling books. Of course the secret is finding titles that people actually buy. That's why I suggest investing in resources like this one that clue you in on what to look for - and what to avoid. Here's a great resource for learning exactly how to sell books online. Hence, if you also have an actual storefront ignoring to get optimized for local search results can potentially cost you some good revenue. Start with creating and optimizing your Google My Business page and listing, filling in all the required information, adding pictures and correct directions. Next, work on establishing your presence on other review platforms e.g. Trustpilot, Yelp, or whichever is more relevant to you.