E-commerce Statistics tips for Strategic Planning in 2019

Owning your own eCommerce business? Then this is a must-read article for you. Whether you own your an online business or in-store one, you should be aware of the current e-commerce trend and where the market is going in-order to expand your business and get more sales. 

The below mentioned points will update your pre-existing knowledge on e-commerce and will remove the pre-existing notions that you have. On the whole, it will help strengthen your strategies for e-commerce marketing and in expanding your business.

E-commerce Statistics Tips

In order to study the E-commerce trend and get your business going accordingly, you should have knowledge about the following points

• ·         General Facts
• ·         Online Shopping trend
• ·         Mobile-based e-commerce statistics review
• ·         Behavioral study of the shopper

General facts

Here are a few general facts that you should take into consideration while developing e-commerce strategies for your business.

•            The total value of global retail e-commerce sales
•            More than 10% of global retail sales will be covered by e-commerce
•      There are about 12-24 million global e-commerce sites
•      Credit cards are the most preferred form of payment

The total value of Global retail e-commerce sales 

E-commerce statistics report a steady rise in global e-commerce sales. And this rise is speculated to reach over $4878 billion in 2019. (Source: Statista)

More than 10% of global retail sales will be covered by e-commerce

There is constant and steady growth in the field of e-commerce retail sales. While e-commerce accounted for only 7.4% of total retail sales in the year 2015, it has shown a remarkable increase and accounted for more than 10% of e-commerce sales in the year 2019.

More than 12-24 million global e-commerce sites

There are a huge number of e-commerce companies in the world. Actually, there is no particular definition of an e-commerce company. There are companies which have a business online and sell their products on their website. There are other e-commerce companies like Amazon, Flipkart, Alibaba, etc. and companies who have their site but do not really sell anything online. All these companies altogether account for about 12-24 million global e-commerce sites.

Credit cards are the most preferred form of payment

According to a survey most of the online shoppers prefer credit cards as their mode of online payment. This is followed by electronic payment with sites like PayTM and then follows payment with Debit cards and cash on delivery.

Online shopping trend

As per the notice, here are the few shopping trends that are observed in the shoppers throughout the world.

• Men shop more from e-commerce sites than women
• The most active online shoppers

Read the main article on Andolasoft Blog.

8 Top Reasons You Should Go for Digital Product Sales

Now-a-days the Digital Products are highly popular for branding of businesses.

Wondering about, what are the digital products? Here you go,

The products which can be delivered virtually to a buyer is called digital product. 

This includes products like eBooks, Infographics, photographs, videos, templates, web graphics and training materials are very easy to sale/distribute online using web or mobile apps.

However, the selling of physical products is tedious and time consuming being having complexities as involves inventory, shipping, warehouses etc.

Therefore, digital eCommerce has become one of the ever-increasing medium to build better connections and establish relationships with customers. Digital eCommerce maximizes your business sales by directly connecting with website visitors who also save their time.

“For starting entrepreneurs selling digital products is the way to go. Low cost, low risk, the sales process can be automates and it’s scalable”.

 
Tor Refsland, Time Management Chef

“Whereas a physical product might need weeks (or month) to be produced, it can take less than a day to create and set up a digital product for sale”.

Erika Kalmar, Online Biz Wiz.

“Digital is the most sustainable way to distribute information. The question really is about how much we can turn into digital”.

Laurence O'Bryan, the Book Promote

Let’s have a quick look at the latest eCommerce growth forecast of worldwide digital buyers and worldwide retail eCommerce sales from eMarketer.

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