E-COMMERCE BUSINESS MARKET TRENDS 2020 46
Shamim Hossin Oct 8, 2019
Nowadays buying anything you want is easier than ever before: just go online and order it with a few clicks. It’s difficult to even imagine that just a decade ago physical stores were the only possible place to make purchases. Today, more and more sellers want to reach their customers online. It’s expected that e-commerce businesses will anticipate a 265% growth rate — from $1.3 trillion in 2014 to $4.9 trillion in 2021.
Obviously that rapidly growing market constantly attracts new players. But a common mistake held by most beginners is that e-commerce is an “easy” way to achieve success in business. There are plenty of concerns one should be aware of when starting an e-commerce business, especially an international one. How sales could be increased? What range of products to sell and in what niche? What are the prominent behavior features of modern online buyers? Let’s have a closer look at these and many other questions and current trends.