Since there are most big players going digital and most of the people finding it hard to get more sales online, people would believe that the eCommerce sector is about to reach its highest and if someone is planning to enter today, one might have to invest a lot of funds into media buying and organic marketing campaigns to see profitable results.
Well, let me tell you that opportunities are abundant for people to make fortune through eCommerce. By 2022, it is estimated that a potential 3 million buyers will have internet connectivity. Imagine the rise in the overall consumer base when more people get stable internet connectivity across the globe.
Plus, a report has also claimed that thanks to COVID-19, we are seeing an acceleration of shifting to eCommerce by 5 years. COVID-19 has raised the bar of unlimited possibilities that the internet brings to entrepreneurs and customers.
Today, getting your business online and starting an online store is easier than it used to be a few years ago. Today, thanks to CMS like Shopify, WordPress, and Magento, you can quickly get your store up and running while previously it was time-consuming to write programs and create webpages to make an online store.
Having said that, this golden time might not stay long. Globally digital ad spend is predicted to reach more than $375 billion by 2021. Therefore, within a few years, the effort of acquiring customers will be very high. And hence, it’s suggested to be the best time to leverage the COVID-19 paradigm shift and make your business online through an ecommerce store.
If you want to go online you might want to know the latest trends and technologies in the eCommerce sector. Go through the aforementioned infographic by Pack & Send below to know more about how you can leverage the ecommerce ecosystem to make more money.