Here's what you need to know about e-commerce
Posted: Sun Dec 22, 2024 6:50 am
The e-commerce industry is on the rise due to the expected growth and impact of 2020 on retail. Every day, more and more retailers are shifting to online sales as businesses move towards e-commerce.
By 2022, eCommerce sales are set to grow from $3.53 trillion in 2019 to $6.54 trillion. However, eCommerce is an ever-changing industry. Every year, several new trends emerge to help your business grow and stay ahead of the competition; 2021 will be no exception.
What is e-commerce?
E-commerce or electronic commerce refers to transactions uk email database conducted over the Internet. Whenever people and businesses buy or sell products and services online, they are engaging in electronic commerce. The concept of electronic commerce also encompasses other activities such as online auctions, banking , payment gateways, and online ticketing.
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How e-commerce came about
In 1994, Jeff Bezos founded Amazon as an online store and initially sold over a million different books. Amazon is eventually becoming the most popular online retailer where consumers can purchase any product.
In the mid-1990s and early 2000s, people brought computers into their homes, paving the way for the growth of e-commerce. Businesses accepted checks in the early to mid-1990s because there was no online payment gateway to transfer money from customers to businesses.
In the 2000s, Shopify, WordPress, and other similar platforms allowed companies to build their businesses without minimal feature development. With that, the barrier to entry fell. Anyone with an internet-connected computer and a little capital can easily open an online store.
In 2008, online sales accounted for 3.4 percent of total sales, reflecting the growth of the industry. In 2012, there were between 24 million online stores worldwide.
Looking ahead to 2021, the level of understanding among newbies and technical professionals will increase day by day. With time, blogs and online learning resources are advancing. Now anyone can create an instant shopping website and get an idea of the results of their efforts in less than six months.
What features should an e-commerce site have?
Several features are a must for your eCommerce site. These include particular plugin integration, page layout, easy navigation tricks, and an attractive update. For product presentation, you can integrate various plugins into your online store to provide a detailed view of your products, such as images, using WooCommerce Image Zoom , and WooCommerce Product Video with Video usage.
By 2022, eCommerce sales are set to grow from $3.53 trillion in 2019 to $6.54 trillion. However, eCommerce is an ever-changing industry. Every year, several new trends emerge to help your business grow and stay ahead of the competition; 2021 will be no exception.
What is e-commerce?
E-commerce or electronic commerce refers to transactions uk email database conducted over the Internet. Whenever people and businesses buy or sell products and services online, they are engaging in electronic commerce. The concept of electronic commerce also encompasses other activities such as online auctions, banking , payment gateways, and online ticketing.
image1
How e-commerce came about
In 1994, Jeff Bezos founded Amazon as an online store and initially sold over a million different books. Amazon is eventually becoming the most popular online retailer where consumers can purchase any product.
In the mid-1990s and early 2000s, people brought computers into their homes, paving the way for the growth of e-commerce. Businesses accepted checks in the early to mid-1990s because there was no online payment gateway to transfer money from customers to businesses.
In the 2000s, Shopify, WordPress, and other similar platforms allowed companies to build their businesses without minimal feature development. With that, the barrier to entry fell. Anyone with an internet-connected computer and a little capital can easily open an online store.
In 2008, online sales accounted for 3.4 percent of total sales, reflecting the growth of the industry. In 2012, there were between 24 million online stores worldwide.
Looking ahead to 2021, the level of understanding among newbies and technical professionals will increase day by day. With time, blogs and online learning resources are advancing. Now anyone can create an instant shopping website and get an idea of the results of their efforts in less than six months.
What features should an e-commerce site have?
Several features are a must for your eCommerce site. These include particular plugin integration, page layout, easy navigation tricks, and an attractive update. For product presentation, you can integrate various plugins into your online store to provide a detailed view of your products, such as images, using WooCommerce Image Zoom , and WooCommerce Product Video with Video usage.